Jun. 14, 2022
Deadline: Friday, June 17, 2022. I oppose the SEC Climate Disclosure Rules because doing so: 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. SEC therefore has NO BUSINESS using ESG or Social Credit Scores without SPECIFIC DIRECTION / AUTHORIZATION FROM CONGRESS TO DO SO. THERE IS NO PROOF THAT THE MILD CLIMATE CHANGES WE HAVE EXPERIENCED OVER THE LAST FEW DECADES HAS ANYTHING TO DO WITH MAN-MADE CO2, OR OUR USE OF FOSSIL FUELS!!! OUR ENERGY-BASED ECONOMY REQUIRES COAL, OIL, AND NATGAS, AND CANNOT FUNCTION FOR THE FORESEEABLE FUTURE WITHOUT ALL THREE OF THESE ENERGY SOURCES!!! -- Andy Withers