SEC Leaders Back Off Defense of Climate Disclosure Rules (2)

The SEC’s interim leader on Tuesday began unraveling the agency’s legal defense of Biden-era climate reporting rules for public companies.

Mark Uyeda, acting chairman of the US Securities and Exchange Commission, announced the agency would ask the US Court of Appeals for the Eighth Circuit not to schedule arguments in the case brought by business interests and Republican state attorneys general. The commission needs time to “deliberate and determine the appropriate next steps,” Uyeda said.

Shortly after, the SEC’s counsel in the case filed a letter to the court’s acting clerk requesting that the court refrain from scheduling oral arguments ...