The SEC’s Climate-Disclosure Proposal Politicizes Corporate Oversight
The U.S. Securities and Exchange Commission (SEC) has proposed a new rule, one that would require companies to spend vast sums to collect and report information about their carbon and related emissions and their plans to move toward making no emissions that the SEC deems worrisome. These disclosures have very little to do with the inherent “sustainability” of the companies’ activities, will matter little or not at all to the world’s climate, and exceed the SEC’s remit.
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