Energy

Joe Manchin opposes SEC climate disclosure rule

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Chairman Joe Manchin, D-W.Va., conducts a Senate Energy and Natural Resources Committee hearing on domestic and international energy price trends, in Dirksen Building on Tuesday, November 16, 2021.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the Securities and Exchange Commission.

In a letter to the SEC, the West Virginia Democrat said that the proposals go against the regulatory body’s stated mission, and that such policies will add “undue burdens on companies,” especially in the fossil fuel industry.

“The most concerning piece of the proposed rule is what appears to be the…



Source cnbc.com

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