CNN —
The Securities and Exchange Commission voted on Wednesday to pass a scaled-down climate reporting rule for public companies after the agency’s initial proposal was met with backlash from business leaders and some lawmakers.
The finalized rule will require public companies to share how climate change might hurt their businesses. Some public companies will have to share how much they pollute, though the new rules no longer require companies to report some greenhouse gas emissions.
During the SEC’s vote on the rule, chairman Gary Gensler said he thought the finalized rules would “produce more
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