Friday, June 03, 2022

SEC Climate Disclosure Mandate Exceeds Agency’s Statutory Authority, Raises Constitutional Concerns

Like the Obama administration, the administration of the demented and senile 46th president tries hard to strangulate the economy with excessive and unnecessary bureaucratic burdens!

Global Warming is a hoax! Climate Change is a religion!

"The Securities and Exchange Commission’s (SEC) plan to mandate companies disclose energy use and planning for climate change-related financial risks lacks authorization from Congress, infringes companies’ First Amendment rights, and fails any reasonable cost-benefit test ...
“The Securities and Exchange Commission does not have statutory jurisdiction to require climate-specific disclosure, and it is inappropriate for a finance agency to be making environmental policy. As the SEC acknowledges, companies already are required to disclose materially relevant climate data,” ..."

SEC Climate Disclosure Mandate Exceeds Agency’s Statutory Authority, Raises Constitutional Concerns - Competitive Enterprise Institute

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