SEC Looks To End Climate Scam Reporting Rule

They need to do it fast, but, do it right, so the wacko cultists can’t easily sue

SEC Moves to Repeal Rule That Requires Companies to Report Greenhouse Gas Emissions and Climate Risk

In the latest action to undo Biden-era regulations on climate change, the Securities and Exchange Commission on Friday proposed repealing a rule that requires some public companies to report their greenhouse gas emissions and the risks they face from global warming.

The climate-disclosure rule has been on hold since last year, after the Republican-led commission said it was pausing its legal defense after legal challenges by business groups and Republican state attorneys general.

The SEC said in a statement that it is now moving to rescind the disclosure rules “in their entirety because they exceed the scope of the agency’s statutory authority.” The rules, finalized in 2024, “impose substantial costs on public companies and their shareholders that are not justified by the informational benefits they may provide to some investors,” the commission said.

Eliminating the rule will “avoid the practical effect of dictating corporate behavior” and ensure that agency rules will “be imposed only when the expected benefits justify the likely costs and burdens,” SEC Chairman Paul Atkins said in a statement.

Obviously, this is mean because it’s OK for a Democrat to get rid of all the Bad rules from a Republican, but, not OK in the reverse.

Environmental groups said the action would leave investors without data they need to accurately assess financial risks and other hazards related to climate change.

“The SEC’s mission is to protect investors and the public by ensuring they have access to material information,” said Kathy Fallon, director of land systems at the nonprofit Clean Air Task Force. “While imperfect, the rule was an important step toward giving investors consistent information about financially material climate risks, including the use of carbon offsets.”

Blah blah blah, all for a scam for which they don’t practice what they preach. What benefit is the Clean Air Task Force doing for commerce? They produce nothing.