SEC Fakes Approval For New Climate Regulations From Activists, Foreign Investors While Ignoring American Companies’ Mass Opposition

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 ruleThis could increase the structural risks to America’s economy.

In March, the SEC proposed new regulations that would require companies 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. Companies that do not comply with the government’s standards could face lawsuits and fines.

These are the new rules “a disingenuous power grab by the SEC,” Will Hild, the executive director of Consumers’ Research, said in an interview.

“By requiring the corporations the SEC regulates to make scope 2 emissions disclosures, those corporations will be forced to require the businesses they source from to calculate and disclose their emissions or stop doing business with them,” Hild spoke to The Federalist. “So even if a business is private (not publicly traded) but their customers are public companies, then the SEC will have effectively forced them to participate in the disclosures scheme.”

According to an analysis of the SEC’s proposal from the Western Energy Alliance, a coalition of predominantly small independent oil and gas producers, more than 80 percent of asset managers cited by the agency as supportive of the new regulations are foreign. Only 7 percent of American asset mangers support disclosure rules.

The white paper The Alliance published June 13th outlines how activist investors pretend to be representing majority sentiment on Wall Street, despite only a few firms having formed multiple coalitions. The report cites seven major climate change advocacy groups as being behind the mandated disclosure agency. These investor coalitions work in close cooperation. It’s as if the same 50 members of Congress formed 100 different caucuses that pledged support to particular legislation to show proof of consensus.

“These groups are so intertwined that it is not at all clear they represent anything other than a minority of investors advancing a particular policy agenda,” The Alliance report is available here. “Across those seven climate initiatives and the global network of non-profit organizations that support them, only 19 percent are American. More than half are European.”

Climate Action 100+ is one of the groups that prompted the SEC to disclose its climate information. It is a group of investors who are working together to eradicate highly efficient fossil fuels through both public and private policies. House Republicans were on Capitol Hill earlier this month. launched An antitrust probe was conducted into the group. They described Climate Action 100+ to be a “scam”. “cartel” To “ensure the world’s largest corporate greenhouse gas emitters take… action on climate change.’”

The Alliance white paper also highlights Russian influence at the center of the SEC’s proposed rule via an endorsement from the Sea Change Foundation. 2015 saw the launch of the Environmental Policy Alliance described the Sea Change Foundation as “a conduit for funneling Russian government money

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