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.