Another Nail in the Coffin: SEC Proposes Total Rescission of Climate-Related Disclosure Rules

Following extensive foreshadowing, the Securities and Exchange Commission (“SEC”) proposed the total rescission of the Biden-era climate-related disclosure rules on May 29, 2026. As justification for rescinding the rules, the SEC argued that the rules were outside of its statutory authority and “unsound as a matter of policy.”... By: Vinson & Elkins LLP