Energy & Environment — Nine states sue over SEC climate disclosure rules

Presented by Panasonic — Nine states this week sued the Securities and Exchange Commission (SEC) over a rule that requires publicly traded companies to disclose some climate-related information to potential investors.

View Online Energy & Environment Energy & Environment   PRESENTED BY  The Big Story 9 more states sue SEC over climate disclosure rule  Nine states this week sued the Securities and Exchange Commission (SEC) over a rule that requires publicly traded companies to disclose some climate-related information to potential investors. © AP Andrew Harnik, File The lawsuit, led by the state of Iowa, comes after 10 states separately sued the SEC over the rule last week.   The rule in question requires publicly traded companies to reveal risks that climate change may pose to their business. It also requires some large and midsize companies to disclose how much carbon dioxide is emitted by their operations.   Its opponents are arguing that the rule creates unnecessary burdens for businesses and forces them to reveal information that they may need to keep confidential.   "Not only will this mandate impose costly red tape on businesses, but it will devastate our supply chain and hurt Iowa family farms," said Iowa Attorney General Brenna Bird (R) in a written statement.   Her suit was joined by Arkansas, Idaho, Missouri, Montana, Nebraska, North Dakota, South Dakota and Utah, as well as a group called the American Free Enterprise Chamber of Commerce.   The states on the previous lawsuit are West Virginia, Georgia, Alabama, Alaska, Indiana, New Hampshire, Oklahoma, South Carolina, Wyoming and Virginia.   Read more at TheHill.com. Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Pennsylvania governor announces new renewable energy standard, endorses statewide carbon-capping market Pennsylvania Gov. Josh Shapiro (D) on Wednesday endorsed a statewide carbon-trading market in the state while seeming skeptical about a regional market embraced by his predecessor.  Full Story 'Invisible' water losses in California's agricultural heartland now match volume of giant reservoir: Study The impacts of climate change in central California’s agriculture hub are causing such drastic increases in irrigation demands that annual water use over the past decade now matches the volume of the region's biggest reservoir, a new study has found.  Full Story Near-record energy sector methane emissions expected to fall: IEA Fossil fuel emissions from methane, which are more potent than those from carbon dioxide, are projected to decline after increasing last year, according to a report released Wednesday by the International Energy Agency (IEA).  Full Story In Other News  Branch out with a different read from The Hill: Climate change is trapping Texans in an arid 'fortress of solitude,' expert says Texas faces a brutal climate and development paradox heading deeper into the 21st century, a state climate scientist said. "Everything is bigger in Texas, including our climate challenges," said Jay … Full Story A MESSAGE FROM PANASONIC Panasonic is supporting jobs, communities and a brighter future for everyone. At Panasonic Energy, we set out each day to change the world by accelerating the transition to sustainable energy through the production of safe, high-quality lithium-ion batteries. And this is just the beginning. Learn more. What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: Across the Nation, Lawmakers Aim to Ban Lab-Grown Meat (Inside Climate News)   Federal PFAS regs to saddle cities with unwieldy costs (E&E News) As states butt heads over Colorado River plans, water experts gauge impacts to Colorado (The Colorado Sun) On Tap  Upcoming news themes and events we're watching: The House Homeland Security Committee will hold a hearing Thursday on responding to wildfires. What Others are Reading  Two key stories on The Hill right now: Britt says Mike Johnson told her 'it will be fine' ahead of SOTU response Sen. Katie Britt (R-Ala.) said Speaker Mike Johnson (R-La.) reassured her that everything "will be fine" before she delivered the State of the Union response last week that has since been ridiculed online. Read more Cheney fuels speculation about her next move Speculation is growing about the role former Rep. Liz Cheney (R-Wyo.) will play in the 2024 election as President Biden and former President Trump barrel toward a rematch. Read more Opinions in The Hill  Op-ed related to energy & environment submitted to The Hill: Whether the government requires it or not, greenhouse gas disclosures are here to stay    You're all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? 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