Internal Dissension at SEC Delays Climate Change disclosure Regulations – Environment

The Biden Administration has made it clear that they will address
The issue of climate change is a key policy priority.
 One of the central aspects of this policy was intended to be
A variety of new regulations from the SEC that would force companies to comply
Additional financial disclosures about the impact of
Their activities and, potentially, their efforts in climate change
to combat climate change.  This focuses on financial regulation
One of the most popular is climate change disclosures.
Many advanced economies (e.g. the EU, UK etc.) have been affected by these changes. Over the past
Few years as an effective policy tool to address the climate crisis
change.  Despite the SEC’s numerous statements,
Although it had said it was working towards such regulations, it has now
After more than a year, the public draft was not produced.  

This is the result of the SEC’s failure to advance regulations.
Concerning climate change disclosures intended to be a
The Biden Administration’s climate agenda is its centerpiece.
Now, the target of severe criticism by elements within
Democratic Party.  Senator Warren sent a particular message.
Letter to Chairman Gensler, criticizing the SEC.
“Delays are unwarranted and inacceptable, and violate the
Seven months ago, you made the commitment to ‘develop a better world’
Proposed mandatory climate risk disclosure rule for the
Commission’s consideration by 2021.
 There has been other criticism within the Democratic
Party’s progressive side regarding Biden
Lack of momentum by the Administration on the climate issue
It is possible to make a difference, and it is possible that there is a lack of activity.
These may continue to attack the SEC.
Individuals and companies.

Also, based upon public reporting, it appears internal
Disagreements between Democratic SEC Commissioners can be the root cause
a large portion of the delay that has hampered elements within the
Democratic Party.  Particularly, news organizations.
It was reported that the three Democratic SEC commissioners are split.
Scope 3 emissions should be considered, among other things.
Included in any reporting requirements.
Climate change context definition of materiality
 The fact that these disagreements about the proper regulatory
Approaches have been made among Democrats may also be a reason.
Progressive ire at SEC 

In any case, a prominent Senator will demand answers when they are publicly questioned.
Things tend to happen when you are a regulator. . . . 
Senator Warren requested a response from SEC.
February 23rd is about, among others, “a clear
Timeline for publication of the climate disclosure rules and the
The rulemaking process will be initiated with its publication
“A summary of any concerns regarding agency’s operations.”
statutory authority to impose the climate disclosure rule.”
 Interested observers should expect developments over the next
Few weeks