The acting chair of the, Mark Uyeda, took the first step Tuesday to rolling back a rule that would require thousands of publicly traded companies to provide investors with detailed information about the impact of their businesses on climate and the environment.

An announcement by acting Chairman Mark Uyeda follows a move to relax reporting requirements, continuing a broad deregulatory push in the new administration.

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The Securities and Exchange Commission (SEC) has moved a step closer to dropping its climate disclosure requirements for financial institutions and companies.

As expected, the U.S. Securities and Exchange Commission (SEC) is retreating from its tougher climate disclosure rules by halting its legal defence of the rules.

The acting chair of the U.S. Securities and Exchange Commission said on Tuesday the agency was asking a court to pause proceedings in a lawsuit over a climate disclosure rule that was passed by his predecessor and swiftly stayed amid controversy.

By Isla Binnie, Virginia Furness and Jonathan Stempel NEW YORK/LONDON (Reuters) -The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and environment.