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Comments Offered to the Securities and Exchange Commission Concerning its Call for Comments on Climate Change Disclosures

June 10, 2021

The SEC should not mandate companies under its regulatory control provide climate change risk disclosures.

From the comments:

The factors which are likely to materially impact the success or failure of publicly traded companies, investment management firms, and mutual funds are best known to the officers and managers of the firms and funds themselves, not the Securities and Exchange Commission (SEC), other regulatory agencies, politicians or self-appointed stakeholders, including climate activist, not actively involved in the business.

The SEC should have no role in requiring businesses account for climate risks in their business and investment decisions. 

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.