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The SEC's Climate Risk Disclosure Proposal Is Dangerous, Woke Socialism (Guest: Luke Hogg)

June 28, 2021

The Securities and Exchange Commission has no justifiable reason to mandate that every company put climate concerns before profit.

The Biden/Harris administration are attempting to remake the U.S. economy in part by forcing all corporations, retirement, and portfolio funds to consider climate risks as fundamental considerations in their business decisions, investments and disclosures. To the detriment people’s retirement funds and investments, the SEC is proposing for considerations of climate risks to trump the pursuit of maximizing returns. Climate risks are uncertain, most businesses' success or failure won't be determined by climate risks, and government has no role in dictating what concerns businesses should account for when making investment decisions.

Article Tags
Climate Change
Author
H. Sterling Burnett, Ph.D., is a Heartland senior fellow on environmental policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org