SEC Wants Corporations to Explain How They are Alleviating Global Warming


First it was the EPA moving forward to set-up regulations for controlling CO2 emissions.  And now,  another Executive Branch Commission is planning to make another end run around Congress by setting up a standard that every corporation must meet . This standard will require the corporation to explain how they are going to alleviate global warming.  This was a proposal by the Security and Exchange Commision to be discussed on Wednesday last  week.  Representatives Joe Barton and Greg Walden sent a letter to Chairman Shapiro asking for an explanation and rationale for this proposed rule.   They ask what statutory authority allows them to to this.  And as there is no Federal law on the subject of global warming, how does a corporation’s actions relate to  an investors safety and security?   So far  there is no response by the SEC, best I can determine. To read their full challenge to such rule making click here.

Cbdakota

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2 responses to “SEC Wants Corporations to Explain How They are Alleviating Global Warming

  1. This is just nuts, the science of man made climate change and Co2 as a driver is far from settled and seems to be rapidly loosing credibility under intense examination. (see my web link for details).

    Given this, you might as well ask corporations about how the arrival of ET would effect them while you are at it.

    I’d much rather corporations were encouraged to be focused on doing more tangible ‘eco-friendly’ things instead of being forced into something thats beginning to look rather hollow.

  2. There might be global warming or cooling but the important issue is whether we, as a human race, can do anything about it.

    There are a host of porkies and not very much truth barraging us everyday so its difficult to know what to believe.

    I think I have simplified the issue in an entertaining way on my blog which includes some issues connected with climategate and “embarrassing” evidence.

    In the pipeline is an analysis of the economic effects of the proposed emission reductions. Watch this space or should I say Blog

    http://www.rogerfromnewzealand.wordpress.com

    Please feel welcome to visit and leave a comment.

    Cheers

    Roger

    PS The term “porky” is listed in the Australian Dictionary of Slang.( So I’m told.)

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