Approved by the S.E.C. this month, the rules require some publicly traded companies to disclose their climate risks, and how much greenhouse gas emissions they produce.
The U.S. Chamber of Commerce filed suit to stop the rules, deeming them unconstitutional, while two fracking companies argued the rules lacked clear authority and violated free speech.
Climate disasters, including extreme weather like hurricanes, floods, and drought, are increasingly affecting people and businesses globally, with the U.S. facing a record number of billion-dollar disasters in 2023.
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