A federal court has temporarily halted new Securities Exchange Commission (SEC) rules requiring public companies to disclose more about their climate change-related business risks. The decision came in response to lawsuits filed by two fracking companies, Liberty Energy and Nomad Proppant Services, who argued that the rules were costly, arbitrary, and violated the First Amendment. The rules, which were challenged by industry groups and environmentalists alike, aimed to compel certain publicly traded companies to disclose their climate risks and greenhouse gas emissions. Despite objections from the SEC, the Fifth Circuit granted the emergency stay, delaying the implementation of the rules until March 2026.

https://www.nytimes.com/2024/03/15/climate/sec-climate-rules-lawsuit.html