Oct. 02, 2022
October 2, 2022 I believe this new proposed amendment to the Securities Act and Exchange Act would benefit all parties involved in the process. Having an industry submit information on what their proposed impact would be on the climate will help in the regulation process. Not saying I want to shut down businesses or anything like that but more industries need to own up to the impact they can have on the environment and climate. It also will help industries realize the added expense to treat and equalize their emissions. A good incentive for companies that provide this information would be tax breaks for not only submitting the information but for showing how they plan to regulate the emissions and give back to the environment. By providing information on climate related risks it would allow the government and permitting authority to better help prevent further damage to the environment. For example if an industry discharges wastewater from and industrial process like can making it could provide the government with information as to the type and amount of metals discharged in mg/L and this would tell the government about certain issues that could arise in the receiving stream. Many industries might feel like this is just another government overreach but I feel like it is a necessary tool for everyone to use and to help combat climate change. If the government doesnt charge a fee for the submitted information and make it voluntary then it could go over better with industries however a lot of industries might not comply if it is not mandatory. That goes back to providing incentives for industries that comply. Maybe they can get some kind of financial backing to provide information on these matters. All in all I think it is a good idea for industries to submit this information. It will only help everyone fight the climate battle and bring more attention to needed areas of funding for protecting the environment and climate.