Republicans seek records on SEC's climate proposal as part of push against ESG investing plans

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Republicans seek records on SEC's climate proposal as part of push against ESG investing plans
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Top Republicans in the House and Senate demanded detailed information from SEC Chair Gary Gensler on a polarizing climate disclosure proposal.

U.S. Securities and Exchange Commission Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022.GOP leaders in the House and Senate wrote to SEC Chair Gary Gensler for details on a controversial climate disclosure proposal.

Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C.WASHINGTON — Top GOP lawmakers are pressing Securities and Exchange Commission Chair Gary Gensler on the agency's proposal for climate-related disclosures for investors, according to aReps. Patrick McHenry, R-N.C., chairman of the House Financial Services Committee, Bill Huizenga, R-Mich.

"Some companies have targets how to manage this," he said. "And it was: if you have something, just disclose it and sort of describe it so that the investing public has the material features of those plans in that regard."

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