Public documents on the SEC's draft rules on corporate climate risk disclosure offer a window into intense political and business interest in the shape of the planned requirements, Ben writes.
Driving the news: The online comment docket and meeting records are pretty lit! Some things I learned...SEC chair Gary Gensler met recently with GM CEO Mary Barra to discuss reporting metrics, how the rule addresses Scope 3 emissions and more.
SEC commissioners or staff have also met with Amazon, Dow, Deloitte and a number of other business and NGO interests.
Over 30 GOP senators submitted a letter attacking the rule — a sign the SEC effort will come under fresh scrutiny if Republicans win one or both chambers in the midterms.
Why it matters: The activity around the rule underscores how it's slated to be among the most consequential forays by financial regulators into climate policy.
