It's part of an ambitious regulatory agenda set out by SEC Chair Gary Gensler. More than 50 proposed rules are under consideration by the SEC, one of the most ambitious regulatory agendas in decades."Investors increasingly want to understand the climate risks of the companies whose stock they own or might buy," Gensler said in a July 2021 speech.
Gensler has separately been critical of investment funds that market themselves as "green," "sustainable," or "low-carbon," but are fuzzy about what criteria they are using to define themselves. Gensler has said he wants fund managers to disclose the criteria and data they use in creating these funds.
"But the SEC, by wading into environmental policy debates, like climate change, in which it has zero expertise...will politicize the agency and reduce its credibility by hurting investors, elevating non-pecuniary factors above financial returns," he said.The SEC's proposed rules, should they be approved by the Commission, is only the start of the process.
The SEC can then respond to comments, ask for additional comments, or propose a final rule. The final rule can then be voted on and adopted.
Admirable but overreaching. This is not in the SECs wheel house.
More likely building a list of CEOs to harass. Historical actions of the SEC toward elonmusk speak loudly to intent.
to bad the don’t want to know how retail is getting screwed over.. oh wait they are in on the scam.
y tho
see my naked photos