West Virginia Democratic Sen. Joe Manchin has joined Republicans in opposing a proposed rule by the Securities and Exchange Commission that would compel companies to disclose climate-related risks.

“In that sense, one could argue that the proposed rule aims to solve a problem that does not exist,” Manchin said. “Further, to suggest that any and all public companies have the resources and capabilities to capture this data is shortsighted.”

“Forcing this rule on companies has the potential to not only impose undue financial hardships but also to erode public trust, especially if less-resourced companies are unable to accurately report this data,” he added.