Advertisement
Canada markets closed
  • S&P/TSX

    21,554.86
    -26.44 (-0.12%)
     
  • S&P 500

    5,464.62
    -8.55 (-0.16%)
     
  • DOW

    39,150.33
    +15.53 (+0.04%)
     
  • CAD/USD

    0.7302
    -0.0004 (-0.06%)
     
  • CRUDE OIL

    80.64
    -0.09 (-0.11%)
     
  • Bitcoin CAD

    87,272.36
    -743.57 (-0.84%)
     
  • CMC Crypto 200

    1,311.27
    -49.06 (-3.61%)
     
  • GOLD FUTURES

    2,332.80
    +1.60 (+0.07%)
     
  • RUSSELL 2000

    2,022.03
    +4.64 (+0.23%)
     
  • 10-Yr Bond

    4.2570
    +0.0030 (+0.07%)
     
  • NASDAQ futures

    20,016.75
    +34.00 (+0.17%)
     
  • VOLATILITY

    13.20
    -0.08 (-0.60%)
     
  • FTSE

    8,237.72
    -34.74 (-0.42%)
     
  • NIKKEI 225

    38,596.47
    -36.53 (-0.09%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Wall Street regulator may ease climate costs rule, WSJ reports

FILE PHOTO: The SEC logo

(Reuters) - The U.S. Securities and Exchange Commission may soften a proposed rule governing corporate disclosure of climate-related costs as a result of industry push-back, the Wall Street Journal reported on Friday.

The top U.S. financial regulator last year proposed rules that would require publicly traded companies to inform investors of risks tied to the warming climate and report carbon emissions from their own operations as well as from elsewhere in the value chain. The final rule is expected later this year.

While the SEC's climate disclosure plan forms a key piece of the Biden administration's climate policies, industry has criticized the proposed rule in its current form as excessively onerous, foreshadowing likely court battles once the rule is finalized.

The SEC is considering raising a threshold at which companies would have to disclose climate-related costs, according to the WSJ report, which cited unnamed sources familiar with the matter.

An SEC representative said the agency had no comment.

(Reporting by Douglas Gillison; Editing by Paul Simao)