Recent reports suggest that Gary Gensler, the hard-left Chairman of the Securities & Exchange Commission (SEC), has realized that his proposed carbon-disclosure rule is so sweeping and costly as to guarantee that the courts will strike it down. He is now mulling revisions that would keep some smaller companies from having to report, and would reduce some of the most absurd reporting requirements such as “lost revenues and costs not incurred because of climate-related factors” (which would be so speculative as to be meaningless, but very costly to conjure).
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