Monday, March 28, 2022

Biden admin invents 'Securities and Environment Commission' out of thin air to force climate agenda on US businesses

Recommendable! Absolutely unconstitutional! The economic incompetence of the administration of the 46th President is extraordinary!

"In a 3-to-1 vote last week, unelected Democratic bureaucrats who serve as the agency's commissioners voted without authorization from Congress to impose sweeping new rules that require all publicly traded companies to disclose how their business affects "climate change."

According to a press release issued by the SEC, the proposed rules would require businesses to disclose their greenhouse gas emissions along with any and all information relevant to "climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition."

In a lengthy statement of dissent, the SEC's lone Republican commissioner, Hester Peirce, quipped that with the move, the agency essentially re-invented itself as the "Securities and Environment Commission" without any say from the American people. ...
"In general, this rule will be as costly and burdensome on all businesses as the impact of Dodd-Frank and Sarbanes-Oxley," ...
Though Milloy, for his part, seemed confident that the Supreme Court would immediately strike down the rules should they be finalized."

Biden admin invents 'Securities and Environment Commission' out of thin air to force climate agenda on US businesses - TheBlaze

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