Climate Changed
SEC Climate-Rule Delay ‘Unacceptable,’ Senator Warren Says
- SEC chief had signaled plan was coming by the end of 2021
- Delay comes amid disagreements between agency’s Democrats
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Senator Elizabeth Warren demanded the Securities and Exchange Commission speed up its push for new climate-change rules, saying its lack of progress is “unwarranted and unacceptable.”
In a letter sent Feb. 9, the Massachusetts Democrat told SEC Chair Gary Gensler that investors are being “left in the dark” about companies’ exposure to global-warming risks while the commission labors to craft a regulation. Disagreements between the agency’s three Democrats over the scope of the rule has bogged down the process, Bloomberg News reported Tuesday.