Woke SEC Adopts Modified Version of Climate Disclosure Reg

In March 2022, the U.S. Securities and Exchange Commission (SEC), corrupted by the Bidenistas, said it would begin to force all 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). The original plan called for publicly traded companies to disclose their own direct ("Scope 1") and indirect ("Scope 2") GHG emissions. It would also require companies to disclose greenhouse gases generated by suppliers and partners, known as Scope 3 emissions. Yesterday, the SEC voted 3-2 (three Democrats vs. two Republicans) to issue a final regulation that will soon go into effect. The final version dumped Scope 3 emissions but kept Scopes 1 and 2 -- in a massive 886-page regulatory rule.

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