New York Post
29 May 2026, 20:31 UTC · 2h ago
Source · https://nypost.com/2026/05/29/business/trumps-top-wall-street-cop-shoots-down-biden-era-climate-rules-for-us-firms/
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SEC Chairman Paul Atkins is moving to repeal the Biden-era climate rule requiring US firms to report greenhouse gas emissions and climate risks. — Eliminating these mandates reduces compliance costs and regulatory burdens for a wide range of sectors, including banks, oil, and airlines.
+0.60The repeal is part of a broader deregulation agenda intended to incentivize and increase the frequency of IPOs. — Lower regulatory hurdles generally encourage more companies to go public, benefiting equity markets and venture capital exits.
+0.40US companies operating in California or internationally must still comply with similar climate disclosure laws regardless of the SEC's move. — The persistence of state-level (California) and global regulations offsets some of the cost savings and administrative relief provided by the SEC repeal.
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