Companies would be required to disclose their greenhouse gas emissions and be held to account on their climate promises under a proposal released Monday by the Securities and Exchange Commission.
The proposed rule would deliver a big — and durable — policy win for President Joe Biden, whose climate agenda has been mired in congressional partisanship, and overshadowed by economic and geopolitical crises.
The SEC rule would generate detailed information on how corporations, financial services firms and other businesses are being affected by climate change. It would force them to explain how
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