Gary Gensler (credit: Evelyn Hockstein | Reuters)
The Republican takeover of the U.S. House of Representatives is bearing fruit in many ways. One of those ways is the oversight function the House is providing to push back against the extreme left policies of some independent governmental agencies--like the Securities and Exchange Commission (SEC). Congress created the SEC, but the President appoints the person who runs it. The Bidenista running the SEC, Gary Gensler, is a real piece of work. He wants to permanently institutionalize requirements requiring publicly-traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face (see SEC Votes to Force Public Companies to Disclose Mythical GHG Risks). Such a move would significantly harm the oil and gas industry (see SEC Reg Requiring Disclosure of Climate Change Risk “Kneecaps” O&G). Republicans in both the House and Senate are aggressively pushing back.
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