LONDON/NEW YORK (Reuters) – The acting chair of the U.S. Securities and Exchange Commission said on Tuesday the agency was asking a court to pause proceedings in a lawsuit over a climate disclosure rule that was passed by his predecessor and swiftly stayed amid controversy.
“The rule is deeply flawed and could inflict significant harm on the capital markets and our economy,” Acting SEC Chairman Mark Uyeda said in a statement.
(Reporting by Virginia Furness and Isla Binnie)
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