Virginia Attorney General Jason Miyares celebrated a victory on Friday after the U.S. Securities and Exchange Commission (SEC) halted the enforcement of its new climate changes rules for publicly traded businesses that were imposed by the Biden administration.
The coalition of 25 attorneys general originally sued the Biden administration to block SEC rule changes that require publicly listed businesses report what the government considers climate change risks. A press release from the attorney general notes companies would be forced to “release a plan to adapt to climate agenda recommendations” under the proposed rules.
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