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SEC Goes Woke on Climate Change

April 6, 2022

Recent moves by the SEC will force public companies to adhere to strict climate change guidelines which are impossible to satisfy.

With Democrat appointees at the helm and the Biden administration’s encouragement, the supposedly independent U.S. Securities and Exchange Commission (SEC) has gone full-on woke on climate change.

Stepping well outside its legal mission to protect investors from fraud and the markets from insider trading and manipulation, the SEC has decided it knows what the managers of publicly traded companies, portfolio and fund managers, and investors should care about. Forget about making profits for companies and their shareholder-owners, a company’s financial condition and prospects based on business and market measures, or providing a secure, comfortable retirement for pensioners. According to the SEC, all of that should take a back seat to fighting climate change.

Article Tags
Climate Change
Author
H. Sterling Burnett, Ph.D., is the Director of the Arthur B. Robinson Center on Climate and Environmental Policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org
Author
Ross Kaminsky is the morning show host on 630 KHOW in Denver and a past member of Heartland's Board of Directors.
rossputin@aol.com @rossputin