The SEC’s new climate disclosure rule already faces legal challenges

SEC Chair Gary Gensler attends a meeting of the Financial Stability Oversight Council at the U.S. Department of Treasury on December 14, 2023 in Washington, DC. | Photo by Drew Angerer/Getty Images A landmark climate disclosure rule adopted by the US Securities and Exchange Commission (SEC) yesterday is already facing mounting legal and legislative challenges. Ten states filed suit yesterday shortly after the rule was finalized. Environmental advocates also say they’re considering challeng