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Statement by Commissioner Crenshaw Regarding Climate-Related Disclosures Rule Litigation
Today, the SEC purports to walk away from the Climate-Related Disclosures Rule. In building the rule, we journeyed up a mountain. The Commission spent at least four years taking input – we issued requests for information, made a proposal, opened and reopened comment periods when stakeholders asked for more time or the ability to provide […]
Caroline A. Crenshaw is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent remarks. The views expressed in this post are those of Commissioner Crenshaw and do not necessarily reflect those of the Securities and Exchange Commission or its staff.
Today, the SEC purports to walk away from the Climate-Related Disclosures Rule.[1] In building the rule, we journeyed up a mountain. The Commission spent at least four years taking input – we issued requests for information, made a proposal, opened and reopened comment periods when stakeholders asked for more time or the ability to provide more input, reviewed thousands of comment letters, carefully balanced the interest of investors, markets and issuers, and dutifully tailored a final rule in-line with our mission and our statutory authority.[2] It was an arduous process that led to a sound and strong result.
