Rollback of Biden-era Climate Rule by U.S. Securities and Exchange Commission
Energy Secretary Chris Wright discusses top priorities under President Trump, praising the decision to roll back a Biden-era climate rule by the U.S. Securities and Exchange Commission. Former state attorneys general and current officials express relief over the move, citing concerns about federal overreach and financial burdens on companies.
Key Points
- Former and current state officials praise the rollback
- Concerns raised about federal overreach and financial impact on companies
- SEC acting chairman delays court hearing on climate rule under Trump's directive
Pros
- Relief for companies from extreme financial burdens
- Return to common sense approach in federal government
Cons
- Dispute over regulatory authority and unilateral decision-making at SEC