Internal Dissension At SEC Delays Climate Change Disclosure Regulations

The Biden Administration has clearly announced that addressing the issue of climate change is one of its key policy priorities.  One of the central aspects of this policy was intended to be an array of new regulations by the SEC that would compel companies to make additional financial disclosures concerning the impact of their activities on climate change, and, potentially, their efforts to combat climate change.  This focus on financial regulation and climate change disclosures is one that has been embraced by many advanced economies (e.g., the EU, UK, etc.) over the past couple of years as an effective policy tool to address climate change.  However, despite the SEC's multiple statements that it was working towards enacting such regulations, it has failed to produce a public draft after more than a year.