March 23, 2022
My wife and I invest in approximately 70 publicly held companies listed on various US exchanges. These investments provide income for our retirement.
Having read the proposed rules for climate related activities reporting, we are adamantly opposed to the proposed rules in all parts.
We do not agree that your agency has been given such broad authority to impose such regulations.
We agree that significant, onerous reporting will reduce return on our investments. That is a further tax on our retirement income, which tax has not been approved by Congress.
Further we agree that such reporting will have little or no effect on reducing global climate effects. As long as China continues to add up to 300 coal fired plants per year, as long as Russia adds to its coal fired energy production, and ditto India, we can not realistically expect to reduce climate effects by further reducing US economic productivity.
We should spend the efforts and dollars to do what America has always done best: solve the problem, not run from it.
We need much more cheap, safe electricity around the world. We need much more clean, safe water around the world. Perhaps the S.E.C. should stop discouraging implementation of nuclear energy to solve these known problems. We think the US government should encourage the companies we invest in to join in these life saving and sustaining efforts.
Bernard and Barbara Currie