Chairman of the Securities and Exchange Commission

Modesty is not a defining characteristic for numerous policy-makers in Washington, among them regulators asserting that climate “risks” are significant for individual firms and economic sectors — precisely how do they know? — and that, therefore, they must be reported so that investors can have more rather than less information. Allison Herren Lee, the acting Chairman of the Securities and Exchange Commission, argued recently as follows: Investors are demanding more and better information on climate and ESG, and that demand is not being met by the current voluntary framework.