In a guest editorial published by The Wall Street Journal (subscription), two former federal officials say the Securities and Exchange Commission “would be wise to retract” its proposed climate disclosure rule, which would impact publicly traded companies.
After the U.S. Supreme Court’s recent decision limiting the U.S. EPA’s ability to regulate greenhouse gasses, the similarities between the EPA’s Clean Power Plan and the SEC’s proposed rule “speak to why both violate the law,” the pair wrote. (The American Enterprise Institute echoed this perspective in its own editorial.)
The SEC received more than 10,000 comments on its proposed rule. The cost of reporting topped the list of concerns. 7/18/2022