Rupert Darwall, writing in The Hill, warns that the SEC’s rule on climate change disclosures, still in the proposal stage, is a wolf in sheep’s clothing. The rule would require companies to disclose any material impacts of climate change or climate-change regulation on their business. In addition, it would require companies to disclose all their…
Tag: Financial risk
Will Climate Change Spur a Government Takeover of the Banking System?
American Enterprise Institute scholar Paul Kupiec thinks it may. In May President Biden authorized the Financial Stability Oversight Council (FSOC) to look into how the banking system should be regulated in light of risks from climate change. Writing in The Hill, Kupiec says the latest report of the council suggests a plan could be brewing…