US Commission Proposes Scrapping Biden Climate Disclosure Rule for Companies

A US commission has recommended eliminating a Biden administration regulation that requires companies to disclose information about climate-related risks and expenditures. The rule mandates that businesses publicly report their climate risks and spending related to environmental concerns. The proposal to scrap the regulation represents a potential rollback of corporate climate transparency requirements that were designed to provide investors and the public with better information about how companies are addressing climate change impacts on their operations.