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First on FOX: Current and former state attorney general, in a “common sense” decision to roll back Biden-era climate rules that require businesses to disclose carbon emissions, Trump administration’s Securities and Trade Commission I praise the (SEC).
“We have led multiple general letters over the years on this radical Biden climate fiasco. Multiple steps to ensure that all federal agencies act in line with the law. “We have taken this opportunity,” Wednesday’s news digital. “So we’ve always had deep concerns about the legality of what the SEC was trying to do and the burden it would put on public companies. I think that shows once again. You’re right. Please show us what happens when someone is willing to not prey on the radical climate agenda.”
As the then-West Virginia Attorney General, Morrissey led a coalition of more than a dozen states, including Iowa, Georgia, Alabama and Alaska, in a lawsuit challenging climate rules last year. Within ten days of its passage, the rules faced nine legal petitions. Among the challengers were Liberty Energy and Nomad Propper Services.
Liberty Energy was founded by Chris Wright, who serves as President Donald Trump’s Energy Secretary.
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The SEC Chairman has moved to delay court hearings on Biden-era climate rules that require businesses to report carbon emissions under the direction of President Donald Trump’s direction to freeze certain federal regulations. There is. (Getty Images)
Acting SEC Chairman Mark Weda issued a statement on Tuesday calling for strengthening and standardisation of climate-related disclosures for investors. This was carried out in March 2024, but in the end it was Iowa V. It quickly won multiple lawsuits integrated into Sec. It is flawed and can cause great harm to the capital markets and our economy. ”
Uyeda added that “the proposed rules have stepped over SEC regulators,” and that the SEC applications previously filed in the case consolidated in the 8th Circuit do not reflect my views.” . Due to recent changes in SEC leadership and President Donald Trump’s order to freeze new regulations, Uyeda notifies SEC staff of these developments to the courts, and while the agency reconsidered its stance, the incident was held. Instructed to request a delay.
However, Uyeda committee member Caroline A. Crenshaw claimed he acted “without full committee input” in opposition to his request to delay scheduling oral arguments in the Court of Appeal. He issued a scathing statement in opposition to his demand.
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The contractor will install solar panels at the Phillips 66 Rodeo Renewable Energy Complex in Rodeo, California on Wednesday, July 31, 2024 (David Paul Morris/Bloomberg via Getty Images)
“I sincerely agree with the deputy chair and the institutions and those who lead them must act within the boundaries of constitutional and legal authority,” Crenshaw said in a statement. “Nevertheless, I challenged the notion that an institution acted outside its authority with equal vitality. That was not the case. The only thing that has changed since the rules were passed is It’s a political issue, not essential. It’s a position that was unilaterally filmed by the deputy chairman today.”
Under then-chairman Gary Gensler, appointed by former President Joe Biden in 2021, climate regulations state that companies are open to the public with the risks of climate change in their annual reports and registrations, greenhouse gas emissions mandated that detailed information be included regarding the potential financial impacts of climate change. statement.
Several attorney generals, who were part of the group lawsuit last year, told Fox News Digital that the move is a victory for “Common Sense” to return to the federal government and save businesses from extreme financial burdens. Ta.
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“Finally, common sense is common,” Georgia Attorney General Chris Kerr told Fox News Digital on Wednesday. “But the cost of compliance, the cost of missed opportunities, and again the cost of rectifying whether the SEC has found a violation of what these companies have to do. These are what these companies have missed. It’s work and investments that are likely. The federal government didn’t like the way someone was doing it, and because they changed their clients’ climate agendas into their own religion.”
Indiana Attorney General Todd Lokita is also a co-signer of a lawsuit led by Morrisey, and the push for Weda to rewind climate rules is “another sign that common sense has returned to our country.” In a statement, he told Fox News Digital. He partially added that it is a “big victory” for taxpayers who “just hope that the SEC will focus on protecting investors and financial markets rather than radical environmentalism.” .
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Former President Joe Biden’s SEC advocated regulations requiring publicly traded companies to disclose carbon emissions. (Boston Globe via David L. Ryan/Getty Images)
Morrisey and Carr cite several executive orders issued last month to dramatically reverse previous international climate commitments and promote traditional energy sources, including a second withdrawal from the Paris Agreement. And we look forward to similar actions on the climate agenda under the current Trump administration.
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White House spokesman Kush Desai said in a statement to Fox News Digital that Trump “has voiced and consistently defended ideological chokeholds for American institutions, entrepreneurs and consumers. “We unlock unparalleled possibilities in our country.”
“The Trump administration will continue to prioritize benefits, capabilities and innovation in ESG and DEI activities,” he said.
Jamie Joseph is a political writer. She leads the Senate’s Fox News digital coverage.
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