A coalition of red states announced Wednesday that it is challenging the Biden administration over its fresh corporate emissions and climate disclosure rule, just hours after the Securities and Exchange Commission greenlit the measure.

The SEC moved Wednesday to finalize new rules legally requiring certain public companies to report climate-related risks to their businesses and disclose data on the greenhouse gas emissions that their business operations directly generate.

A group of 10 Republican state attorneys general is suing the Biden administration over the rule, arguing that it is an unconstitutional attempt to impose climate regulation through the back door using an agency that does not have much to do with climate-related rulemaking.

The challenge was filed in the U.S. Court of Appeals for the 11th Circuit and is being co-led by Georgia Attorney General Christopher Carr and West Virginia Attorney General Patrick Morrisey. The attorneys general........

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