SEC Chairman Gary Gensler has big ambitions, which is why he’s pushing to enact a 500-page rule for public companies to track and disclose gas emissions not only for themselves but also for most of their suppliers and customers. He figures this will make him a hero with the far left.
This segment of What’s Ahead explains why this rule would be a catastrophe for the American economy.
Compliance would be extremely difficult, if not impossible, particularly for suppliers and customers. Costs would be high—and for many small businesses they would be unaffordable. Hundreds of public companies would go private.
Gensler’s scheme would damage efficiency and productivity. And there are provisions in these 500 pages that are truly bizarre.
Gensler’s folly must be stopped.
Source: https://www.forbes.com/sites/steveforbes/2022/06/30/how-the-sec-could-harm-faltering-us-economy/