The U.S. Securities and Exchange Commission is relying on a network of foreign investors to present an illusion of broad support for the agency’s proposed climate disclosure rule , which threatens to increase structural risks to the American economy.
In March, the trade agency outlined new regulations requiring firms to report their estimated energy emissions. While the SEC technically only has jurisdiction over publicly traded companies, the broad nature of the agency’s proposal aims to coerce private businesses into carbon calculations that track the behavior of their customers. Firms that fail to comply with government standards are subject to fines […]
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