Jun. 13, 2022
SEC Climate Disclosure Rules: · Increases government control of USA businesses, both large and small. · Creates a corporate “social credit score”* (often referred to as “ESG”). *China uses "social credit scores" as a tool to punish those who do not comply with their rules. We do not want them in America. · "Social credit scores" may be used to restrict banking, loans and commerce. · SEC has no authority over climate policies and lacks scientific expertise. · SEC was created to fight investor fraud. · Excessive regulations increase inflation. · Bloats the Federal bureaucratic swamp. · Activist investors will punish companies not "green" enough by decreasing investment– i.e. oil, gas and coal companies that power the economy. These rules would require businesses to: · Show how climate change impacts their business. · Report their greenhouse gas emissions and those of businesses they buy and sell from. · Disclose how often their corporate boards talk about climate change. This is UN-AMERICAN! ==================================== Vicki L., Stone