May 24, 2021
By creating more regulations for companies, this reduces competition as it makes it much more difficult for up and coming companies to follow all of these regulations. These new regulations regarding climate disclosure are no exception. By requiring all companies to disclose this information, larger companies will benefit more while smaller companies will have to invest a disproportionate amount of time and money into making sure these regulations are followed. Moreover, by doing these restrictions in such a format without legislature approval, we follow a disturbing trend of doing things without the approval of Congress. While regulation to prevent climate change may be good, it should be done through Congress and on a very limited basis. This proposal does neither.