Christian and Conservative news hand-curated the way it’s supposed to be. Stay full-MAGA despite the so-called “civil war” waged by the Islam-loving “woke right”.
In this The Daily Signal article, Sarah Wagoner and Michael Bicksel detail the Securities and Exchange Commission’s proposal under Chairman Paul Atkins to rescind its 2024 climate disclosure rule, calling the original mandate a burdensome departure from traditional material financial reporting that harms companies and investors.
- The Biden-era 2024 rule required companies to disclose extensive speculative climate-related impacts, effectively forcing corporations to operate as environmental data collection and modeling organizations rather than focusing on profitability.
- Traditional SEC disclosure rules, rooted in Great Depression-era reforms, limit requirements to material information that reasonable investors would find relevant, such as financial conditions, statements, and major events like mergers.
- The climate rule pressured companies on corporate governance procedures and exposed them to litigation risk if climate projections proved inaccurate, a near-certainty given that climate models have consistently overestimated actual warming.
- Excessive disclosures create information overload that disadvantages small and independent investors while institutional investors better handle the compliance burden, producing the opposite of the SEC’s original investor-protection mandate.
- ESG-focused schemes, which the rule advanced, have proven more volatile and riskier than non-ESG funds, with companies prioritizing ESG often underperforming those focused on returns.
- ESG rating systems are highly subjective; for example, MSCI assigned SpaceX the same score as Russia following the latter’s invasion of Ukraine.
- Rescinding the rule would lower compliance costs, free capital for workers, innovation, and investor returns, and restore focus on maximizing returns rather than advancing climate goals Congress never enacted.
- The authors urge citizens to submit supportive comments through the SEC’s rulemaking portal by 11:59 p.m. on August 3 so the proposal can become a final rule.
Read the full story:
https://www.dailysignal.com/2026/07/24/sec-ridiculous-climate-disclosure-rule/
JD’s manually curated links for God-fearing MAGA patriots
