The U.S. Securities and Exchange Commission (SEC) has proposed a new rule, one that would require companies to spend vast sums to collect and report information about their carbon and related emissions and their plans to move toward making no emissions that the SEC deems worrisome. These disclosures have very little to do with the inherent “sustainability” of the companies’ activities, will matter little or not at all to the world’s climate, and exceed the SEC’s remit.
A huge expense to no purpose, then. But that’s not even the worst of it. The deepest danger that arises from this proposed rule is that it will permanently politicize corporate oversight in the United States, and so finally, fully wreck American productivity advantages.
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