A new report from the Competitive Enterprise Institute found that the SEC may not have the legal authority to implement woke ESG requirements. The report noted that the SEC’s “subjective and disparaging” disclosure requirements are likely unconstitutional, adding, “Since the entire point of requiring disclosure of climate-related information is to drive capital away from energy-intensive firms, the disclosures themselves are inherently disparaging.” CEI experts broke down the study at a recent event, which you can watch here.
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