5th Circuit grants administrative stay on SEC's climate disclosure rule.

The US Court of Appeals for the Fifth Circuit has granted an administrative stay on the SEC's climate disclosure rule, temporarily halting its implementation. The rule, which mandates private companies to publicly reveal their carbon emissions and the potential risks of climate change on their businesses, has faced multiple lawsuits challenging its validity. The outcome of these challenges will determine the rule's future.

March 18, 2024
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