The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as next Wednesday, said two people familiar with the agency's planning.
One of the people, who spoke anonymously about private agency plans, said the Wall Street regulator is "committed" to issuing the proposal by month end.
Last year, the SEC began working on a new rule requiring U.S.-listed companies to provide investors with detailed disclosures on how climate change could affect their business.
The move to issue the measure comes after a number of delays. The SEC initially said it would publish a draft in October, but Chair Gary Gensler subsequently pushed that deadline to January.
Last month, lawmakers, including Democratic U.S. Senator Elizabeth Warren, criticized the agency and called for "quick action" on the issue.
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