Atkins argues climate disclosure rules exceeded statutory authority and abandoned materiality, deterring companies from going public.
“Finally, we proposed rescinding the prior Commission’s climate disclosure rules — which, I believe, exceeded the Commission’s statutory authority and abandoned the foundational principle that our disclosure rules should be rooted in materiality.”
Atkins argues climate rules deter companies from going public and burden those already listed.
“In practice, the climate rules would impose unnecessary burdens on companies — a deterrent for those wishing to go public and a difficulty for those already listed.”