SEC extends comment period for climate rule in win for oil and gas industry

The public will have an additional month to weigh in on the Securities and Exchange Commission‘s controversial climate-related disclosure rule, a win for industry groups that asked for more time to weigh on the first-of-its-kind proposal.

The SEC announced on Monday that it extended the comment period for its climate-related disclosure rule, which would require companies to report both direct and indirect greenhouse gas emissions, through June 17. The original deadline was May 20.