sec, Tag

Most egregiously, with these climate disclosure rules, the SEC will no longer be an objective market referee, at least when it comes to the ESG factor of climate change...

The SEC is in the unenviable position of  trying to defend the indefensible.

But now the tables have turned. Exxon, fresh off a couple of the most profitable years in its history, is taking the fight to the ESG activists.

The final rule mandates medium-sized and large companies to report emissions attributable to the electricity they use to power their business operations starting in fiscal years 2026 and 2028, respectively...

... they considered it to be an “attempt to create economic value from processes not backed by economic activity.”

To the list of glaring problems (think: compelled speech, materiality, Major Questions Doctrine), it seems a decent bet to add good old arbitrary and capricious to CRD’s obvious vulnerabilities.

The sheer volume of senior staff time dedicated to this issue, including canoodling with activists, is troubling.

So, barring some unforeseen miracle technology, “net zero by 2050” won’t happen.

...shows that SEC Chair Gary Gensler’s team also coordinated with the White House on their mammoth overreach, the highly controversial (and concerning) “climate risk disclosure” rule.

The Securities and Exchange Commission proposed a new rule on Monday that would require companies to explain how climate risks could affect their finances in public filings they submit to the SEC...

Is it truthful to claim that carbon offsets are “a viable, proven and immediate way to make an impact today”?

According to the BP statistical review of world energy 2010, the big six Middle East OPEC oil producers (Saudi Arabia, Iran, Iraq, Kuwait, Unite Arab Emirates (UAE) and Qatar) had 743 billion barrels (Gbs) of proved oil reserves...