In June, the Electric Power Research Institute (EPRI) submitted a comment letter to the Securities and Exchange Commission’s (SEC) comment docket that included their broader observations which assessed the scientific relevance of the SEC’s disclosure rule pertaining to company-level climate risk assessment. Their research helped identify the necessary facets needed for the climate disclosure rule to…
Last week, Manhattan Institute policy analyst Jordan McGillis wrote an op-ed for The American Spectator, “SEC’s Proposed Climate-Change Rules Would Cripple Public Companies,” that discussed how the SEC’s proposed climate disclosure rule will negatively affect the energy sector. McGillis explains this rule would add numerous new reporting requirements “including on companies’ direct emissions, e.g., from their own…
Farmers have begun to speak out against the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule citing a plethora of negative effects it would have on our agriculture industry. With agriculture being a heavily relied on industry, Washington D.C. should listen. The addition of Scope 3 emissions reporting in the proposed rule is a…
Last week, State Attorneys General from 24 states submitted a letter to the SEC’s climate-related disclosure docket arguing that the recent Supreme Court decision rolling back Environmental Protection Agency (EPA) authority reaffirms federal agencies need to stay in their regulatory lane. In short, the SEC’s proposed climate disclosure rule is the very essence of “SEC Mission Creep.”…
Last week, former Securities and Exchange Commission (SEC) Commissioner Paul Atkins and former White House Office of Information and Regulatory Affairs Administrator Paul Ray wrote a Wall Street Journal op-ed explaining the ways in which the SEC’s proposed climate disclosure rule is an overreach of its authority. Atkins and Ray compare the SEC’s proposed rule with the…
On Forbes “What’s Ahead” video series, Steve Forbes delves into the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule and the negative effects it will have on companies and our economy. The climate disclosure rule that Gary Gensler, Chairman of the SEC, has proposed goes far beyond the SEC’s authority. The proposed rule is…
The SEC’s proposed climate disclosure rule has no shortage of critics. Among the most high profile and vocal critics in recent months have included former SEC Chairman Jay Clayton and House Financial Services Ranking Member Patrick McHenry of North Carolina. Chairman Clayton and Congressman McHenry co-authored a Wall Street Journal op-ed in late March coinciding…
With investors recently having lost $5 trillion in stock value, the latest proposal by the Securities and Exchange Commission (SEC) to saddle public companies with new disclosure requirements related to climate change has been met with a less-than-warm reception in most circles. Many are rightfully concerned that the proposal’s high cost – as high as…
It’s no secret that President Joe Biden is intent on using federal policy to advance his administration’s goal of a net-zero emissions economy by 2050. But that goal hasn’t just manifested in proposals related to obvious sectors such as energy and transportation. It’s also a key part of why the Securities and Exchange Commission (SEC)…