Posted on 03/18/2024 8:47:18 AM PDT by bitt
West Virginia Attorney General Patrick Morrisey said the SEC is exceeding the authority Congress granted it to be a financial regulator.
More than half the states in the U.S. filed lawsuits this month against the Securities and Exchange Commission over the climate disclosure rules it finalized last week.
On top of state lawsuits, the SEC is facing legal challenges from companies, nonprofits and business advocacy groups.
A U.S. appeals court on Friday temporarily paused the new rules.
The New Orleans-based 5th U.S. Circuit Court of Appeals granted a request from Liberty Energy Inc. and Nomad Proppant Services LLC to put the rules on hold while it considers the oilfield companies' lawsuit challenging them.
The final rule didn’t include the stringent Scope 3 reporting requirements, which would have required companies registered with the SEC to disclose all emissions along the entire supply chain through the end use of products.
If it had been included, the average per-firm costs of producing climate disclosures would have been $864,864 across 7,400 companies, according to the National Review.
The final rules still require large and mid-sized companies to report Scope 1 and 2 emissions, and a deluge of lawsuits have raised a number of objections to what did end up in the final rule.
(Excerpt) Read more at justthenews.com ...
P
If you search things about climate you get the same propaganda garbage
Man made climate change is a fraud. Earth’s climate changes, and has done so since the very beginning. There is nothing man can do to the climate that nature can do on a much bigger scale (Volcanoes I am talking to you).
The purpose of the fraud (besides making many in the know rich) is to change our societies.
Changing a society is a fool’s errand as history has shown, humans by nature do not like to be controlled and at some point they (humans) will rebel against their masters.
IS this only oil companies???
OR is it EVERY COMPANY???
LEVI’s sure do not have control over how their jeans get used-—OR a furniture company-—OR a bread company-—OR a soap company.
THIS is NUTS
I could not continue or start my company today.
If you search things about climate you get the same propaganda garbage
100%. Ditto DEI.
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