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SEC’s Gensler promises new climate risk rules by year end; stays mum on company liability

·3 min read
SEC’s Gensler promises new climate risk rules by year end; stays mum on company liability

Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the SEC will release a proposed rule mandating public companies disclose climate risk by the end of the year, but gave few hints as to how strict the rules will be and whether investors will be able to sue companies for straying from climate goals.