SEC Looks to Preserve Half a Loaf Regarding Onerous Climate Rule

For almost a year, we’ve sounded the alarm about a coming change at the Securities and Exchange Commission (SEC) that will force publicly traded companies to disclose mythical greenhouse gas emissions data (see SEC Votes to Force Public Companies to Disclose Mythical GHG Risks). The end result of the Biden SEC’s proposed new ESG (environmental, social, governance) regulations would be to “kneecap” oil and gas companies (see SEC Reg Requiring Disclosure of Climate Change Risk “Kneecaps” O&G). And that’s the purpose. The Bidenistas and the left are looking to close down fossil fuel companies by using regulatory agencies like the SEC. Many "red" states and pro-fossil fuel groups are pushing back--hard. Those efforts are having an effect. The SEC is reportedly looking to "soften" its proposed new rules, according to sources talking to the Wall Street Journal.

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