The SEC’s Climate Disclosure Rule Is a Dark Cloud Over Energy Abundance
Gary Gensler, SEC Chair/ Image: U.S. Securities and Exchange Commission, Wikimedia Commons
This story originally was published by Real Clear Wire
By Stone Washington
Real Clear Wire
The Securities and Exchange Commission (SEC) climate disclosure rule posts real problems for public companies. The SEC’s mission is to do facilitate capital formation and maintain market efficiency, but for the first time in its 90-year history, the SEC has injected political risk factors into its traditionally principles-based disclosure framework.
Leading up to the new rule, the SEC buckled under pressure from left-wing special interests to impose the first environmental disclosure mandate on public companies. If the SEC’s final rule is allowed to go into effect by the courts,
