Oil and gas trade group applauds SEC’s decision to stay climate risk disclosure rule
(WO) — The American Petroleum Institute released a statement from API Senior Vice President and General Counsel Ryan Meyers on the U.S. Securities and Exchange Commission’s decision to stay its climate-related risk disclosure rule while courts adjudicate its legality:
“We agree with the SEC’s decision to stay this flawed rule and not burden companies with significant compliance costs before courts can adjudicate its legality. The rule would confuse investors rather than advance the dialogue on climate that has been occurring for many years between businesses and their shareholders.”
API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans.
