The Securities and Exchange Commission (SEC) delayed implementation of its climate-related disclosure rule until the courts can rule on appeals filed in response to the controversial policy.

The SEC issued a stay of the rule Thursday, acknowledging such requests contained in appeals by two fracking companies and a number of business groups. The cases have been consolidated into the U.S. Court of Appeals for the Eighth Circuit.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...