The dispute over SEC requirements continues among regulators, companies, and interest groups
In 2022, the Owner-Operator Independent Drivers Association (OOIDA) expressed concern to the Securities and Exchange Commission (SEC), requesting flexibility in climate information disclosure by truckers.
Recently, the SEC withdrew its proposal for Scope 3 requirements, which would have required companies to track the impact of greenhouse gas emissions throughout the supply chain. However, companies still must report on Scope 1 and 2 emissions.
The U.S. Environmental Protection Agency classifies emissions into three scopes based on their source and control. Scope 1 refers to direct emissions from sources that are under the control or ownership of an entity or organization. On the other hand, Scope 2 encompasses indirect emissions associated with the acquisition of services such as electricity, steam, heat, or cooling. Lastly, Scope 3 includes emissions resulting from activities associated with assets not owned by the reporting organization or under its direct control but are indirectly influenced throughout its value chain.
![En la imagen se muestran camiones en carretera](https://www.sgibinc.com/wp-content/uploads/2024/03/2-11-768x728.png)
OOIDA concerns and Attorney General legal actions
OOIDA’s 2022 letter reflected concerns about how the Scope 3 requirement could affect truckers. Recently, attorneys general from 10 states filed a petition for review regarding the SEC’s adoption of climate information.
In the 11th Circuit Court of Appeals, states seek to demonstrate that the SEC exceeds its statutory authority and request the annulment of its action, arguing it is arbitrary and capricious.
Despite the withdrawal of the Scope 3 proposal, the SEC now requires registered companies to disclose information on material climate risks in their operations and audited financial statements. The U.S. Chamber of Commerce is reviewing the rule and its legal grounds, warning of potential litigation to avoid what they see as government overreach and preserve a competitive market system.
In summary, the dispute over climate information disclosure continues among regulators, companies, and interest groups, with significant implications for truckers and other market actors.
![The story of the first car race in Paris: a historic hit in 1894](https://www.sgibinc.com/wp-content/uploads/2024/07/1-27-300x284.png)
The story of the first car race in Paris: a historic hit in 1894
Paris stands not only as a cultural and artistic epicenter but also as a pioneer in car racing In the history of automotive racing, Paris
![En la imagen se muestra una carretera de Estados Unidos](https://www.sgibinc.com/wp-content/uploads/2024/07/1-26-300x284.png)
Top states for driving in the United States in 2024
A WalletHub study compared all 50 states to determine the best driving conditions Road safety and quality are central concerns for drivers. And while the
![En la imagen se muestra un vehículo eléctrico](https://www.sgibinc.com/wp-content/uploads/2024/07/2-25-300x284.png)
Briefs: marijuana reclassification, vehicle fees, and climate grants
The trucking industry goes through new legislation, taxes and subsidies Questions about the proposed reclassification of marijuana The Owner-Operator Independent Drivers Association (OOIDA) supports the
![En la imagen se muestra la contaminación del tráfico](https://www.sgibinc.com/wp-content/uploads/2024/07/2-24-300x284.png)
Impact of traffic pollution: study reveals increase in blood pressure
A study from the University of Washington in Seattle reveals that the main cause of significant increases in blood pressure might be traffic-related gasses A
![En la imagen se muestra un conductor de camión](https://www.sgibinc.com/wp-content/uploads/2024/07/3-13-300x284.png)
The benefits and careers of a Commercial Driver’s License
Having a CDL opens multiple doors within the trucking and transportation industry Having a Commercial Driver’s License (CDL) opens multiple doors within the trucking industry,
![En la imagen se muestra un camión con vehículos en la carretera](https://www.sgibinc.com/wp-content/uploads/2024/07/2-22-300x284.png)
Sharing the road with a truck: steps to ensure your safety
Caution around blind spots and anticipating truck maneuvers are essential to ensuring everyone’s safety Truck drivers face significant challenges on the road due to their