Nine states sued the Securities and Exchange Commission this week over rules that require public companies to disclose some climate-related information to potential investors.
The lawsuit, led by Iowa, comes after 10 states separately sued the SEC over the rule last week.
The rules in question require publicly traded companies to disclose the risks that climate change may pose to their businesses. It also requires some large and medium-sized companies to disclose the amount of carbon dioxide emitted by their business activities.
Opponents say the rules create an unnecessary burden on companies, forcing them to release information that should be kept confidential.
“This mandate not only imposes costly red tape on businesses, but also disrupts supply chains and harms Iowa’s family farms,” Iowa Attorney General Brenna Byrd (R) said in a written statement. Deaf,” he said.
Her lawsuit was joined by the states of Arkansas, Idaho, Missouri, Montana, Nebraska, North Dakota, South Dakota and Utah, as well as a group called the American Chamber of Free Enterprise.
The states targeted in the previous lawsuit are West Virginia, Georgia, Alabama, Alaska, Indiana, New Hampshire, Oklahoma, South Carolina, Wyoming and Virginia.
Meanwhile, environmental advocacy groups have criticized the rule, arguing it doesn’t go far enough, especially after the company withdrew a proposed requirement that some companies, such as oil companies, report emissions from the use of their products. He is threatening to sue himself. Reports emissions caused by the combustion of fuel to power cars.
Asked for comment on the new lawsuit, an SEC spokesperson said the commission “works to develop rules that are consistent with the laws governing agencies and administrative procedures and will vigorously pursue final climate risk disclosure rules in court.” I will defend it.”
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