SEC Asked to Withdraw Climate Disclosure Rule

NLPC is asking the Securities and Exchange Commission, chaired by Gary Gensler, to withdraw its proposed rule to force public companies to disclose climate information and “risks.”

At a time when Americans are reeling from sky-high gas prices, the Biden administration seeks to move forward with a rule that will raise energy costs, and is calculated to further vilify fossil fuels.

NLPC’s request is in the form of a public comment, as part of the formal rulemaking process. From our public comment:

Not only would the rule exceed the statutory authority of the SEC, but is also unworkable, unnecessary, duplicative of EPA requirements, based on questionable science, does not protect investors’ interests, and will have a deleterious effect on businesses, the United States economy and national security.

Click here to download the 17-page public comment.



Tags: climate change, Gary Gensler, Securities and Exchange Commission