The SECs climate risk rule dilemma
Securities and Exchange Commission Chair Gary Gensler is reportedly considering scaling back the historic 'climate risk disclosure' rule, which would require large companies to disclose the carbon emissions from their supply chain. POLITICO\u2019s Declan Harty breaks down the potential legal backlash if the rule is approved as is, why the SEC might soften the rule, and how environmental advocates might react if the regulation is scaled back. Plus, the International Energy Agency says growth in renewables will help stabilize emissions from the power sector \u2014 but not fast enough to meet climate goals.