SEC Commissioners at Odds Over Climate Disclosures
At issue is how much environmental data companies can be forced to disclose before regulators put themselves in legal jeopardy.
The regulation is a top goal for the White House, and SEC Chair Gary Gensler had pledged to unveil a proposal by the end of last year. Now, the timeline has likely slipped to March or even later, people familiar with the matter said.
The conflict, which pits Gensler against his two fellow Democrats on the commission, is largely over how much information the agency can force companies to divulge without losing an almost certain legal challenge brought by Washington’s business lobby or a Republican-led state.