A chemical fire burns at an industrial site during the aftermath of Hurricane Laura, Aug. 27, 2020, near Lake Charles, La. The Securities and Exchange Commission moved closer Friday, June 17, 2022, to a final rule that would dramatically change what public companies tell shareholders about climate change. Companies would also have to disclose risks related to the physical impact of storms, drought and higher temperatures brought on by global warming.AP Photo/David J. Phillip, File
WASHINGTON — The Securities and Exchange Commission moved closer Friday to a final rule that would dramatically alter what public companies tell shareholders about climate change — both the risks it poses to their operations and their own contributions to the problem.
Public comment on the proposal has now closed, with more than 10,000 comments submitted since March by companies, auditors, trade groups, lawmakers, individuals and others.
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