A victory by former President Donald Trump next week would likely upend a yearslong federal effort to require public companies to disclose the threats they face from climate change.
But a win by Vice President Kamala Harris doesn’t guarantee the controversial plan will go through either.
The Securities and Exchange Commission finalized its climate risk disclosure rule in March — only to later suspend it amid an onslaught of litigation that now sits in front of a conservative-dominated appeals court. But even if the courts uphold the rule, a potential Trump administration could take a range of steps to ensure the rule never takes effect or is short-lived, experts say.
“If there’s a Trump victory, the rule will not likely survive,” said Allison Herren Lee, a Biden-era SEC commissioner who kick-started the process to propose the rule in 2021.
