In a recent Responsible Investor article, ESG Co-chair Jacob Hupart shared his insights on the ongoing litigation surrounding the SEC’s climate disclosure rule, addressing the various challenges and uncertainty around the rule’s future.

Jacob said, “Depending upon the reasoning adopted by the courts, a loss by the SEC could lead to a diminishment of its regulatory authority. Similar regulations, or even those less significant, could be viewed as subject to challenge. Moreover, if the Supreme Court adopts a robust reading of the ‘major questions’ doctrine as the basis for overturning this rule, that would lead to significant limitations on the administrative state, including the SEC.” 

Source

Responsible Investor