SEC announces it will stop defending controversial climate disclosure rule

Good news! Bravo President Trump!

"The Security and Exchange Commission announced Thursday it will stop defending its controversial climate-disclosure rule against legal challenges, and it would not proceed with oral arguments.

“The goal of today’s Commission action and notification to the court is to cease the Commission’s involvement in the defense of the costly and unnecessarily intrusive climate change disclosure rules,” acting SEC Chair Mark Uyeda said in a statement. ..."

SEC announces it will stop defending controversial climate disclosure rule | Just The News "The rule faced a barrage of lawsuits from interest groups, trade associations and 43 states, and the SEC announced in April it would not implement the rule while the legal challenges played out."

Acting SEC Chairman Mark T. Uyeda