The Securities and Exchange Commission has declared that companies must disclose potential climate change risks to investors.
The commission, in a 3 to 2 vote, decided to require that companies disclose in their public filings the impact of climate change on their businesses — from new regulations or legislation they may face domestically or abroad to potential changes in economic trends or physical risks to a company.
Chairman Mary L. Schapiro and the two Democrats on the commission supported the new requirements, while the two Republicans vehemently opposed them.
Of course, this ruling is completely insane, as Republican commissioner Kathleen L. Casey points out:
“I can only conclude that the purpose of this release is to place the imprimatur of the commission on the agenda of the social and environmental policy lobby, an agenda that falls outside of our expertise and beyond our fundamental mission of investor protection”
Turning the SEC into the IPCC of the financial world is sure to spell disaster for honest corporations and investors.
The democrat fascist unconstitutional unelected scum simply want total economic control so they can enact favorable regulations toward fascist corporations while shutting down the competition.
Keep in mind the SEC is not a legislative body. None of those commissioners are elected. They have no authority to create law, yet law they create every day!
AND of course, every day a new climate scandal emerges. Global warming has been completely discredited, the rain forests are not dying, the glaciers are not melting, the polar bears are exploding in numbers, etc.. etc.. etc.. All a total scam.
Total tyranny – and fascist like yourselves love it.
You worship it!
You demand even more Czars to lord over your worthless life for you are too stupid to be responsible for yourself!