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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason - A federal appeals court on Friday dismissed a lawsuit by four Republican-led states that sought to block a U.S. Securities and Exchange Commission rule requiring investment funds to categorize and disclose their proxy votes on issues including environmental, social and governance matters.A three-judge panel of the New Orleans-based 5th U.S.
The SEC in 2022 adopted a rule set to take effect in July that expands the amount and type of information investment funds must disclose publicly about their proxy votes. The agency said the rule would give investors more information about how funds, which own roughly 32% of the market capitalization of all U.S.-issues equities, are wielding voting power during shareholder votes.
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