October has come and gone, and the chances of seeing a final rendition of the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule before the year’s end are rapidly diminishing. But the delay has not kept those closely awaiting news from sharing their views on the potential new rule. On October 25th, the U.S. Chamber…
The House Ways and Means Committee is holding a hearing tomorrow entitled Ensuring that “Woke” Doesn’t Leave Americans Broke: Protecting Seniors and Savers from ESG Activism. The hearing – as its name not too subtly suggests – will address the impact of environmental, social, and governance (ESG) considerations in investment decisions. The true issue arising…
Half way through October and still there is not a smidge of concrete intel from the Securities and Exchange Commission (SEC) as to when the public could see a final version of its proposed climate disclosure rule. For more than 18 months, investors and publicly traded companies have patiently waited to assess the future of their…
As the proposed October deadline approaches for the Securities and Exchange Commission’s (SEC) release of its final rendition of the climate disclosure rule, all heads are turning towards SEC Chairman Gary Gensler for the last ounce of insight they can get. Last week, in a Senate Banking Committee hearing, Chairman Gensler testified before the committee…
Over the last 18 months, the Securities and Exchange Commission (SEC) has managed to introduce their controversial climate disclosure rule, miss proposed deadlines, extend said deadlines, and form a wall between themselves and dishing out requested information by the federal government. Now, as the second proposed deadline to vote on the rule by October 31st…
Everyone knows the type: the banker, money manager, or day trader who cannot put the phone down. Even adrift in the choppy waters at the beach, they are more interested in waves of short-selling than the real (scary) waves right in front of them. Adding to the turmoil, recent, misguided policies and mission creep at the…
On July 12, the House Financial Services Committee held a hearing titled, “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation.” The hearing was held to discuss ongoing measures by regulatory agencies to mitigate climate impact and the ways regulations of such an area would be potentially detrimental for investors. Experts in the industry…
Last week, TPA wrote to Congress expressing growing concern over more mission creep by the Securities and Exchange Commission (SEC). The letter noted that, “Companies, in consultation with their shareholders, should be free to manage their businesses as they see fit. This includes efforts regarding various societal issues tangential to their core business. However, it…
As the Securities and Exchange Commission (SEC) continues to trudge on with their unwavering attempts to implement their proposed climate disclosure rule, experts are weighing in on the legal challenges that the rule will probably face in its final stages of review. On Monday, June 19th, George Mason University Law Professor Donald Kochan authored a…
For more than a year, the Securities and Exchange Commission (SEC) has continued to face ongoing opposition to their proposed climate disclosure rule that was announced last March. After failing to keep the promise of a final decision in April, the SEC has now announced that the rule could be finalized this October instead. On Tuesday,…