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SEC disclosure plan sets up clash with Amazon and others

SEC disclosure plan sets up clash with Amazon and others
investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.

SEC Sets Up Climate Clash With Plan Opposed by Amazon and BofA

SEC Sets Up Climate Clash With Plan Opposed by Amazon and BofA
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Wall Street, Tech Firms Fear SEC Climate Disclosure Will Trigger Lawsuits

Wall Street, Tech Firms Fear SEC Climate Disclosure Will Trigger Lawsuits
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The US Moving Toward Adopting New Climate Disclosures | Mayer Brown Free Writings + Perspectives

To embed, copy and paste the code into your website or blog: On June 21, 2021, US financial regulators met with US President Joe Biden to discuss the US economy and update him on their efforts to address climate-related risks. According to the White House readout of the meeting, the regulators said “they were making steady progress” on implementing President Biden’s executive order on climate-related risk. The briefing follows last week’s passage of HR 1187, the Corporate Governance Improvement and Investor Protection Act, by the US House of Representatives 1 by a vote of 215 to 214. HR 1187 would mandate that the SEC create an ESG disclosure regime for public companies and provides numerous statutory requirements for those disclosures, including climate-related disclosures. Although the bill is unlikely to become law due to expected opposition in the US Senate, which requires a 60-vote supermajority to pass legislation, the passage of the HR 1187 by the House – combined

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