The SEC climate change proposal is not grounded in science, Author’s Cut
Posted byAndy MayApril 10, 2022Posted inPolitics and climate change
By Andy May
This is the full uncut version of the op-ed I wrote for the Washington Examiner, here.
On March 22, 2022, the Securities and Exchange Commission (SEC) released a new rule for public comment (File Number S7-10-22) that would require public companies to report the climate-related impact of their businesses. Since it has been well established in multiple IPCC reports that the human impact on climate has never been observed, only modeled, this seems unnecessary. The climate models, used by the IPCC and NOAA to “compute” the human impact on climate have already been invalidated by Dr. Ross McKitrick and Dr. John Christy in their well-known Earth and Space Science peer-reviewed paper. McKitrick and Christy’s previous 2018 paper is cited numerous times in the latest IPCC report (AR6), and the report acknowledges that their paper is correct on page 3-24, where they also admit that one likely reason is the models are overestimating the sensitivity of the climate to CO2. They also admit on the same page that the models are overestimating warming relative to observations in both the atmosphere and the oceans. Page 10 of the SEC proposed rule states:
“In particular, the impact of climate-related risks on both individual businesses and the financial system as a whole are well documented.10”
SEC: File Number S7-10-22
Footnote 10: “In 2020 alone, a record 22 separate climate-related disasters with at least $1 billion in damages struck across the United States, surpassing the previous annual highs of 16 such events set in 2011 and 2017. See NOAA, National Center for Environmental Information, Billion Dollar Weather and Climate Disasters: Summary Stats (3rd Quarter release 2021), available at
https://www.ncdc.noaa.gov/billions/summary-stats/US/2020. In 2021, the United States experienced 20 separate billion-dollar climate-related disasters. See NOAA, U.S. saw its 4th warmest year on record, fueled by a record-warm December (Jan. 10, 2022), available at
https://www.noaa.gov/news/us-saw-its-4th-warmest-year-on-record-fueled-by-record-warm-december.”
SEC: File Number S7-10-22
https://andymaypetrophysicist.com/2022/04/10/the-sec-climate-change-proposal-is-not-grounded-in-science-authors-cut/
