Debate Intensifies Over SEC's Climate Disclosure Authority

By Al Barbarino (April 5, 2022, 9:24 PM EDT) -- As the U.S. Securities and Exchange Commission rakes in hundreds of comment letters in response to its controversial proposal to require more climate risk-related disclosures from public companies, a central element of the debate is raging on: whether the agency has the authority to impose the rules in the first place.

In a letter to SEC Chair Gary Gensler on Tuesday, a group of 19 Republican senators argued public companies already have to disclose "material" risks and the agency lacks the legal authority to require nonmaterial disclosures.

"It is unclear from where the SEC has derived this drastic change in authority," the senators wrote. "The SEC is...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!