Environmental advocacy group the Sierra Club is suing the Securities and Exchange Commission (SEC), arguing the agency’s new rule doesn’t give investors the full truth about a company’s climate risks. The Sierra Club and the Sierra Club Foundation, represented by Earthjustice, filed the lawsuit Wednesday, joining a growing list of states that have filed challenges to the rule. The rule in question requires publicly traded companies to reveal some risks that climate change poses to their business. It also requires large and midsize companies to disclose how much carbon dioxide their operations emit. While nearly 20 states have opposed the SEC’s rule, arguing that it creates unnec
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