Attorney General Leads Coalition Challenging SEC’s Climate Disclosure Rule

Attorney General Chris Carr is leading a 10-state coalition in contesting a new climate disclosure rule put forth by the U.S. Securities and Exchange Commission (SEC). The rule mandates extensive and costly disclosures on greenhouse gas emissions, climate risks, and impacts of extreme weather for companies. Carr is urging the 11th Circuit Court of Appeals to invalidate the rule entirely, citing concerns over its legality.

Carr stated, “President Biden is using the SEC to impose his climate agenda on every sector of our economy,” adding, “This unlawful rule will burden businesses with unnecessary requirements, and we’re pushing back on behalf of our fellow Georgians.”

In their Petition for Review, the attorneys general argue that the SEC’s final rule exceeds the agency’s authority, is arbitrary and capricious, an abuse of discretion, and not in accordance with the law. Alongside Georgia and West Virginia, the coalition includes Alabama, Alaska, Indiana, New Hampshire, Oklahoma, South Carolina, Virginia, and Wyoming.

The SEC adopted this rule on March 6, 2024.

A copy of the Petition for Review can be found here.