Read the story here. Advertise at Before It's News here.
Profile image
By Freedomworks (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

FreedomWorks Foundation Files Formal Comment Opposing the SEC’s Climate Disclosure Proposal

% of readers think this story is Fact. Add your two cents.

Today, FreedomWorks Foundation filed a comment opposing the Securities and Exchange Commission’s (SEC) proposal to mandate disclosure of climate risks. This complex, 500+ page regulatory scheme would require public companies to report their various impacts–and that of their suppliers and customers–on “climate change.”

This complicated legislation-through-regulation proposal will saddle companies with billions in new costs and facilitate the Left’s effort to destroy America’s oil and gas industry. The proposed disclosure regime is unnecessary: companies are already required to report “material” risks, which may include climate change, and the Environmental Protection Agency already requires companies to report greenhouse gas emissions. The proposal is also beyond the SEC’s mission, which is to ensure that investors have truthful, relevant information on which to base investment decisions.

If finalized, this massive new regulatory burden will force companies to shift resources from innovation and job creation to compliance with the Left’s mandate and further escalate energy prices. As a result, Americans will pay more for everything, including food. If the SEC truly believes this scheme is essential to protect investors, it should ask Congress for the authority so that our elected representatives can weigh competing considerations and balance trade-offs.

The post FreedomWorks Foundation Files Formal Comment Opposing the SEC’s Climate Disclosure Proposal appeared first on FreedomWorks.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.