Emissions Are Not a Material Risk to Investors or Companies, SEC’s Climate Disclosure Rule Is
6 hours ago Guest Blogger 3 Comments
By Justin Bis
The Securities and Exchange Commission is at it again. Straying from its core mission of “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation,” the SEC is now taking the mantle of climate activist. Chairman Gary Gensler’s signature policy, the Climate Disclosure Rule, was just approved in a partisan 3-2 vote. Companies will now have to disclose direct and indirect emissions that they produce to investors. This rule, in the guise of informing investors of material risks in companies, will overwhelm investors with information that is unrelated to actual risks to a company’s performance.
For example, how do the emissions coming from a company’s truck make an investment in that company riskier to investors? In this example at least, the answer is it doesn’t.
But even if you could find an example, the SEC already requires companies to disclose material risks, and insurers – whose entire business depends on analyzing and assigning material risk – do not factor in emissions.
https://wattsupwiththat.com/2024/03/22/emissions-are-not-a-material-risk-to-investors-or-companies-secs-climate-disclosure-rule-is/
