Wyoming Delegation Leads Amicus Brief Against SEC Climate Disclosure Rule

U.S. Senators John Barrasso, Cynthia Lummis and U.S. Representative Harriet Hageman (all R-WY) joined Senator Kevin Cramer of North Dakota and U.S. Representative Kevin Hern of Oklahoma in filing a bicameral amicus brief in Texas Alliance of Energy Producers, et al v SEC, requesting the court vacate the agency’s radical climate rule. According to a media release from the Wyoming delegation, this climate rule would be disastrous for Wyoming energy producers who would be buried in red tape to meet these unrealistic disclosure requirements.

In March, the Securities and Exchange Commission (SEC)  adopted a finalized rule that requires publicly traded companies to disclose their greenhouse gas (GHG) emissions data. This is the first time the SEC has published a rule issuing such a requirement.

The amicus brief argues the climate rule would significantly increase burdens placed on publicly traded companies and hinder economic growth. The brief reiterates that Congress, not the administration, has the power to enact legislation, including laws addressing securities markets and climate policy. Click here to read the amicus brief.