Using Investor Funds to Promote Man-Made Warming Theory

The House Subcommittee on Investor Protection, Committee on Financial Services, held a hearing earlier this month on environmental, social, and governance disclosure rules and possible legislation requiring the Securities and Exchange Commission to mandate ESG standards for all publicly-traded firms. This would include a requirement that companies disclose in their annual reports the financial and business risks created by climate change, thus supposedly improving the information environment within which investors, future retirees, and fund managers make investment decisions.