DC’s Revolving Door Is Swinging Briskly for the Eco-Green Eyeshade People
User:Cndrblw26, Wikimedia Commons
This story originally was published by Real Clear Wire
By Kevin Mooney
Real Clear Wire
Washington’s revolving door is getting a fresh green paint job: Federal architects of a controversial new rule requiring businesses to measure their carbon footprints throughout their supply chains have joined a start-up company poised to reap millions by performing those calculations.
At least three ranking Securities and Exchange Commission officials have joined Persefoni, a company formed in 2020 for the purpose of measuring such footprints of large business enterprises.
Documents show that the SEC relied on input from the for-profit company to draft the proposed rule. Some critics argue that the estimates from Persefoni low-balled the price tags unrealistically for such accounting to make them more politically palatable.
