NEW YORK (Reuters) -A federal appeals court on Friday said it was pausing its consideration of legal challenges against the U.S. Securities and Exchange Commission’s climate regulations until the Wall Street regulator decides whether it plans either to change them or to defend them in court, court papers showed.
Under former President Joe Biden, the SEC adopted rules requiring publicly traded companies to tell investors about climate-related risks, emissions and spending, with Republican-led states and one industry group immediately challenging this in court. Under Republican President Donald Trump, the SEC voted in March to cease defending the rule.
In an order on Friday, the U.S. Court of Appeals for the Eighth Circuit said that, because the SEC had refused either to defend the rule in