SEC Does Pass Rule Requiring Climate Scam Disclosure

Say, this won’t cause many companies to simply move their registration out of the U.S., would it? Along with all the lawsuits

SEC signs off on landmark climate rule as legal backlash looms

Wall Street’s top regulator green-lighted a groundbreaking rule aimed at uncovering new climate-related information from corporate America, capping a pressure campaign that has fractured Washington for two years.

The Securities and Exchange Commission voted along party lines Wednesday to order thousands of public companies to begin divulging more details about the climate risks they face, the costs of severe weather events and, in some cases, their greenhouse gas emissions. The nearly 900-page rule represents one of the biggest overhauls of U.S. corporate reporting in years and is a legacy-defining effort for SEC Chair Gary Gensler.

Read that again. 900 pages. Anyhow, this massive, intrusive rule was passed by 3 unelected bureaucrats. Does anyone think this was the intention of the Framers? Heck, this is the kind of abuse of power that caused the American Revolution

Despite the rollbacks, the SEC is still facing legal and legislative challenges over the rule. Nine Republican-led states, including West Virginia, unveiled plans to challenge the rule in court just hours after its approval. The U.S. Chamber of Commerce is also considering litigation, and Republicans in Congress are vowing to try to overturn it. The changes in the rule could also fan friction on the left for Gensler’s SEC, with many backers already expressing dismay.

And Democrats are upset that the 3 Democrats on the SEC didn’t go far enough. They wanted more. I have to wonder, how many of them own businesses affected by this rule? The SEC chair, Gary Gensler, appointed by Brandon, along with Caroline Crenshaw and Jaime Lizárraga, all Democrats, barely have any experience in the private sector. Crenshaw is a lawyer, and didn’t run the firm, which wouldn’t be affected by this rule. Lizarraga has zero experience, having always been in government. Gensler worked for Goldman Sachs, which may or may not be affected by the rule. Hard to know when it’s 900 pages.

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8 Responses to “SEC Does Pass Rule Requiring Climate Scam Disclosure”

  1. H says:

    There are 5 SEC Commissioners not 3. 2 were Pointed by Trump

    • CarolAnn says:

      Exactly how does that tidbit of information move the discussion forward? Or was it gesture daily need to type the word Trump and insinuate he did something wrong?

    • Brother John says:

      Who the fuck cares who appointed them?

      How about you point to the part in the Constitution that authorizes this bullshit?

      Pointing out that so-and-so was appointed by a Republican is pointless. That sort of prediction works only on Democrats. It’s rare that a Democrat judge gets it right despite the party interest. The Republican appointee is a hit or miss every time.

  2. H says:

    Dow continues to do very well
    Corporate profits at all time highs migrants continuing to fill 50% of new job openings
    Less than 200000 migrants out of 4 million are in public shelters about 4%

    • Jl says:

      You mean illegal migrants, Johnny? And the number should be zero, not 200,000

    • L.G.Brandon!, L.G.Brandon! says:

      Still pulling all kinds of numbers and statistics out of your ass I see. I guess there’s no use in trying to get you to tell the truth is there?

      Trump mail leads Biden in the presidential polls by 30 points. Colored peak people and homos are flocking to the Republican Party. Kohl’s are showing a 30% increase a minorities and queers joining the Republicans. Currently there are more illegal aliens in prisons than there are in a job market which accounts for most of their housing.

      See I can make up bullshit facts too.

    • Brother John says:

      Which four million out of the 8-12 million admitted in the last three years would those be?

  3. david7134 says:

    This seems to be a bit of mission creep for the SEC. Probably best to get rid of the organization.

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