Excerpt:
The Securities and Exchange Commission’s public company climate disclosure rule fits within the agency’s authority and the legal challenges seeking to overturn it are misguided, the SEC said in a court filing. Congress gave the SEC “express statutory authority to require disclosure as ‘necessary or appropriate in the public interest or for the protection of investors,’ the agency said in an Aug. 6 filing in the 8th U.S. Circuit Court of Appeals in St. Louis, referencing the Securities Act of 1933 and the Securities Exchange Act of 1934. [...]