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: SEC
SEC Keeps Up the Pressure on Climate Change
The Securities and Exchange Commission has taken several steps to show it’s serious about requiring companies to meet “environmental, social, and governance” (ESG) standards . . . even though there are no such standards and developing them would be a massive and dubiously useful task. Using its power to require full disclosure of information needed…
The SEC Drops Its Climate Change Bomb
On March 21, the Securities and Exchange Commission (by a 3-1 vote) told public companies they must disclose the risks that climate change may have on their financial future. In its press release, the SEC said the requirement “would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to…