Oregon State Treasurer Elizabeth Steiner urged the Federal Securities and Exchange Commission (SEC) to maintain its rule that requires companies to disclose emissions data to investors. The SEC is proposing to rescind the rule, which was adopted in March 2024 after an intensive, two-year public input process. The rule creates uniform reporting standards that investors rely on to assess the risks that carbon emissions pose within their investment portfolios.

The proposal, designated as Release No. 33-11421, was published on May 29, 2026, under the direction of SEC Chair Paul Atkins. This action officially moves to eliminate the pending disclosure framework rather than replacing it.

The Oregon State Treasury relies on sound carbon emissions data to report on its progress in implementing Oregon’s groundbreaking Climate Resilience Investment Act (CRIA), which the state legislature passed with bipartisan support in 2025, and the Net Zero Plan.

In a statement accompanying her letter to the SEC, Treasurer Steiner said:

“Climate change often poses a material risk for our economy and investors. If the SEC abolishes its climate disclosure rule, it will undermine market transparency and blind investors to vital data we need to make fully informed investment decisions on behalf of Oregon residents. Markets work best when information is open and reliable. Instead, this proposal is likely to leave investors without the information they need to fully inform investment decisions.”