US regulators approve significantly scaled back climate disclosure rule

Long-awaited rule by SEC will require companies to disclose climate change-related information to investors

US regulators have voted to require large, publicly traded companies to disclose climate change-related information to investors, though its scope has been significantly scaled back from the original draft proposal.

The long-awaited rule which was finalized in a 3-2 vote by the Securities and Exchange Commission (SEC) on Wednesday, marks the first nationwide climate disclosure rule in the US. Some experts say it will give investors more transparency into the threat the climate crisis poses to corporations and how they contribute to global warming.