On February 11, the reigning chairman of Securities and Exchange Commission (Sec), Mark Uyeda, asked the eighth circuit to plan oral arguments for the climate protection rules of the SEC adopted in March 2024 and soon voluntarily at the SEC until the result of the result of the To remain the legal disputes of the eighth circuit.
After referring to his and his commissioner Hester Peirce's opposition to the rules of the climate open at the time of acceptance, the chairman Uyeda said:
These views, the latest change in the composition of the Commission and the latest presidential amorandum regarding regulatory freezing, are carrying out this legal dispute. I believe that the court and the parties should be informed about these changes. Therefore, I have instructed the commission staff to inform the court about the changed circumstances and to apply for the court not plan the case for arguments in order to give the Commission time to consider and to consider the corresponding next steps in these cases determine. The Commission will immediately inform the Court of Justice about its decision about its positions in the legal disputes.
In view of these developments and the current composition at the SEC, we can take “next steps” to defend these rules by the Sec. These rules were effectively put aside, but it is important to remember the upcoming requirements of the disclosure of the climate level at the state level, including California (in addition to all international requirements).