The rule will not apply to small businesses.
The Securities and Exchange Commission (SEC) voted to pass a new climate disclosure rule for large and medium-sized companies offering stocks to investors.
“Far more investors are making investment decisions that are informed by climate risk, and far more companies are making disclosures about climate risk,” SEC Chairman Gary Gensler said ahead of the vote. The commissioners’ votes fell along party lines.
To ease the burden on smaller companies, only large- and medium-sized companies will be required to make their greenhouse gas emissions public for their investors to consider, reporting on electricity used for operations and emissions from transportation. A provision that would have required companies to make the carbon emissions generated by their products public was omitted.
As the Lord Leads, Pray with Us…
- For Chair Gensler and members of the commission as they assess publically traded company regulations.
- For discernment for the president and members of his administration as they pursue their climate goals.
Sources: The Hill, AP
