AI on the Hot Seat: Are Companies’ Tech Aspirations Undermining Climate Commitments in the Wake of the SEC’s ESG Task Force Disbandment?
“This is fine,” federal regulators exclaimed, as the proverbial climate house continues to burn. As the United States continues to feel the devastating effects of climate change, from wildfires to hurricanes, the Securities Exchange Commission (“SEC”) has removed a key arrow from its climate regulatory quiver this past year. In March of 2021, the SEC created the Climate and Environmental, Social, and Governance Task Force (“Task Force”) as part of its Division of Enforcement. By mid-2024,...
