Subject: File Number S7-10-22
From: Bob McGuinness
Affiliation:

Jun. 17, 2022

SEC, 
     I strongly oppose the proposed SEC Climate Disclosure Rule (File Number S7-10-22) and I strongly urge that the SEC NOT APPROVE it.  
    Biden's policies already cost the average worker more than $2,762 in purchasing power. The Climate Disclosure Rule is intended to crush business and hurt families. The current administration is trying to sneak in rules to impose back-door penalties and costly energy policies, now at the Securities and Exchange Commission (SEC). 
    I oppose the SEC Climate Disclosure Rules because they: 
Increase the unjustified government control of USA businesses, both large and small. Create a corporate “social credit score”* (often referred to as “ESG”) which simply punishes businesses and individuals who object to the current Socialists Administrations illegal overreach.       China uses "social credit scores" as a tool to punish those who do not comply with their dictatorship rules. We do not want them in America and they are an unjustified attack on American lives and businesses. 
"Social credit scores" will be used to restrict banking, loans and commerce. SEC has no authority over climate policies and has no scientific expertise. The SEC was created to fight investor fraud, not to enforce Socialists agenda.  The ESG regulations increase inflation. The ESG bloats the Federal bureaucratic swamp. Activist Socialists investors seek only to punish companies not "green enough in their opinions” by decreasing investments, e.g., in energy, oil, gas and coal companies that power the American economy. This is an unnecessary and anti-American punishment imposed to meet an unjustified Socialist agenda. 
     I strongly oppose the proposed SEC Climate Disclosure Rule (File Number S7-10-22) and I strongly urge that the SEC NOT APPROVE it.