The SEC acting chairman, under the direction of President Donald Trump's directive to freeze certain federal regulations, is moving to delay a court hearing on a Biden-era climate rule that mandates companies to report their carbon emissions. (Getty Images)
The SEC acting chairman, Mark Uyeda, issued a statement Tuesday calling the Enhancement and Standardization of Climate-Related Disclosures for Investors rule – which was implemented in March 2024 but immediately racked up multiple lawsuits that were eventually consolidated into Iowa v. SEC – "deeply flawed and could inflict significant harm on the capital markets and our economy."
Uyeda added that the "the proposed rules overstepped the SEC’s regulatory authority" and that the SEC's filings "previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views." Because of recent changes in the SEC’s leadership and President Donald Trump's directive to freeze new regulations, Uyeda instructed SEC staff to inform the court of these developments and request a delay in the case while the agency reconsiders its stance.
However, Uyeda's commissioner, Caroline A. Crenshaw, issued a scathing statement in opposition to his request to delay the scheduling for oral arguments in the Appeals Court, arguing he acted "without the input of the full Commission."
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Former President Joe Biden's SEC put forward a regulation requiring publicly traded companies to disclose their carbon emissions. (David L. Ryan/The Boston Globe via Getty Images)
Morrisey and Carr both expect similar actions against the climate change agenda to occur under the current Trump administration, citing several executive orders issued last month dramatically reversing previous international climate commitments and promoting traditional energy sources, including withdrawing from the Paris Agreement for the second time.
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In a statement to Fox News Digital, White House spokesman Kush Desai said Trump "has vocally and consistently championed dismantling ideological chokeholds over America’s institutions, entrepreneurs, and consumers to unleash our country’s unparalleled potential."
"The Trump administration will continue to prioritize merit, competence, and innovation over ESG and DEI activism," he said.
Jamie Joseph is a writer who covers politics. She leads Fox News Digital coverage of the Senate.
https://www.foxnews.com/politics/dei-activism-republican-ags-praise-trump-sec-move-reverse-biden-climate-rule-fought-court