President Joe Biden’s Securities and Exchange Commission (SEC) released proposed rules Monday for publicly traded companies that would compel those firms to disclose a range of climate-related information to shareholders. Described in a 500-plus-page document, that information includes financially material climate-related risks as well as estimated greenhouse gas (GHG) emissions, which were described by the SEC’s press release as “a commonly used metric to assess a registrant’s exposure to such risks.” “Companies and investors alike would benefit from the clear rules of the road proposed in this release,” said SEC Chair Gary Gensler in a statement accompanying the release. “Our core bargain from the 1930s is that investors get to decide which risks to take, as long as public companies provide full and fair disclosure and are truthful in those disclosures. Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can …