Watch Out! SEC Climate Change Disclosure Rule Will Hurt Stocks And Our Economy

The SEC is readying a new rule—which runs an obese 510 pages—that vastly expands the powers of this agency over operations of public companies, and countless private entities as well, in the name of fighting climate change.

But as this segment of What’s Ahead reveals, the proposed regulation would impose serious and unreasonable burdens not only on businesses but also on their suppliers and customers.

It would also present an irresistible invitation for extreme activist groups to exert litigious pressure on how companies operate.

Certifying estimates of emissions for companies and their suppliers and customers will be a bonanza for accountants and other auditing bodies.

The rule has other pernicious impacts on the ability of smaller companies to go public.

Environmental issues should be dealt with by Congress and such agencies as the EPA.

This scheme of the SEC is a gross and destructive overreach of power.