Posted on 03/22/2022 9:44:15 AM PDT by rktman
The U.S. Securities and Exchange Commission (SEC) proposed rules Monday that would force companies to publicly disclose a wide-range of climate-related information.
“I am pleased to support today’s proposal because, if adopted, it would provide investors with consistent, comparable, and decision-useful information for making their investment decisions, and it would provide consistent and clear reporting obligations for issuers,” SEC Chairman Gary Gensler, who President Joe Biden appointed in February 2021, said in a statement.
The SEC, the nation’s top financial regulator, would require publicly-traded companies to disclose how “severe weather events and other natural conditions” may impact their business, under the proposed rules, according to an announcement.
“Today’s action hijacks the democratic process and disrespects the limited scope of authority that Congress gave to the SEC,” Senate Banking Committee Ranking Member Pat Toomey said in a statement. “This is a thinly-veiled effort to have unelected financial regulators set climate and energy policy for America.”
(Excerpt) Read more at dailycaller.com ...
The biggest disease threat to the world is WOKENESS.
IDIOCY! ABSOLUTE IDIOCY!.....................
What? Frickin unreal. A woke SEC should blow up public investments nicely.
How would the rainbow regime punish companies who break or just disregard these non-laws?
This is headed straight to SCOTUS, these agencies CAN NOT make law on private business!!
Time to shift to the private equities area of investment. Much more work and scrutiny to invest, but no SEC listing needed.
Why is this any of their business? Maybe they should disclose how much their existence costs people through taxes and lost productivity companies experience due to regulatory compliance. Make them justify their existence.
They don’t make laws. They regulate and mandate businesses.
Just another case of the regulators in the 4th branch of government making their own laws to influence national policies.
Not long ago the topic was who was allowed on your board of directors. The composition had to be woke. This is the natural next step.
They don’t make laws.
**************
In effect they do. The administrative state is very powerful.
Anyone else seen regulations that carry the weight of law. Sadly, they can and do.
Trump,will get to run on the facts, which “should be” enough to secure his victory landslide. He can state truthful.y that he was making America great again, creating jobs, bringing busieneses back to the US, etc, then he got cheated ou4mof office and tn3 left is doing everything in their power to undo the positive and ruin this country. He will get to point,to facts like the left shoving country destroying climate agendas, and business dewt3oying guidelines, and he can promise to make America pro worker again by h doing all the destructive policies of a rogue party out of control.
In effect because congress has relinquished all of its duties to the bureaucratic state. They don’t even do a budget with actual appropriations anymore, which is their primary responsibility.
Trump,will get to run on the facts, which “should be” enough to secure his victory landslide. He can state truthful.y that he was making America great again, creating jobs, bringing busieneses back to the US, etc, then he got cheated ou4mof office and tn3 left is doing everything in their power to undo the positive and ruin this country. He will get to point,to facts like the left shoving country destroying climate agendas, and business dewt3oying guidelines, and he can promise to make America pro worker again by h doing all the destructive policies of a rogue party out of control.
Bring the evidence to court and let them choke on it.
Because in court both sides must be heard.
Just as they
tried with OSHA covid
policing on businesses
with >100 employees.
This is wrong on so many levels. It’s not like the SEC ever had great focus in doing its job. (We need only point to the derivative instruments that led to 2008 economic crisis.) Now the SEC is watering down its mission with a bunch of bogus pseudo science and will have less time to focus on its legislative core mission.
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