The economy-wrecking “Green New Deal” has not been abandoned by determined Democrats, who witnessed their radical plan die in Congress, and now comes their newest strategy: Private corporations must comply with climate-related mandates in order to participate in stock markets.
On Monday, the U.S. Securities and Exchange Commission voted 3-1 to approve new rules about “climate risks” that require publicly traded companies to report their greenhouse gas emissions and describe how climate change is affecting their business operations.
According to The Associated Press, businesses that are public companies would also be required to develop transition plans for managing climate risk; explain how they intend to meet climate goals; and document the impact of severe weather events on their finances.
Marco Morano of Climate Depot tells AFN the SEC vote represents a backdoor attempt by climate activists to use a “layer of bureaucracy” to enact their radical agenda that failed to get approved in Congress.
“They’re not having Congress pass a big bill with public hearings and town hall meetings, and talk radio and constituents calling,” he says. “They’re doing this through the regulatory agencies of the administrative state.”
In fact, the AP story states the SEC vote represents a “drive across the [federal] government to address climate change.” That goal comes after President Joe Biden vowed last year to cut greenhouse gases and move the U.S. to “clean energy” by 2030, the story said.
Hester Peirce, the only Republican among the four SEC commissioners, voted against the proposal.
“We cannot make such fundamental changes without harming” companies, investors and the SEC,” she said. “The results won’t be reliable, let alone comparable.”
‘Big Business’ viewed as enemy of planet
Dating back to the 1960s, the environmental movement has viewed private corporations as greedy, pollution-spewing enemies of the planet. That view of Big Business has only worsened in recent decades when activists embraced the apocalyptic-like view the planet is warming from gasoline and diesel, and now mankind is doomed if we fail to abandon fossil fuels and embrace “renewable energy” for electricity and automobiles. As a part of the awareness, they list their prices along with their benefits in comparison to show why every people are going to the cheaper one.
According to the AP story, private businesses would be required to document greenhouse gas emissions that are produced – even indirectly – by their operation. The rule also demands documentation related to company transportation, such as the vehicles used to haul their products, and even employee business travel must be accounted for.
The same AP story says climate activists have “clamored” for mandatory disclosures from companies because they estimate excluding a company’s indirect greenhouse gas emissions leaves out 75% of those emission statistics.
Morano predicts the SEC will do more than just collect the information: Companies that fail to live up to environmentalists’ demands, he says, will be harassed for failing to do their part.
“It’s a way for climate activists to literally get their claws into every aspect of a business now because these disclosures are going to be used against them,” he tells AFN. “Everything they can and do report will be used against them by climate activists and the Biden administration bureaucrats.”
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Copyright American Family News. Reprinted with permission.
I’d tell them to go to Hell and adopt private investment plans.
AND so what, if they can’t Publiclly trade on the stock markets. NOTHING SAYS THEY have to ‘incorporate’!
What exactly is the interest the SEC has in environmental issues, that should be for the EPA to regulate. This is a clear manipulation by DEMOCRATS to insinuate their Green New (BAD) Deal into every fiber of the fabric of government. No agency is safe as long as bureaucrats (Democrat operatives) remain in place!
“Democrat Party’s actions that would have been universally condemned as criminal and even treasonous in the no so distant past are not only occurring on a regular basis, they are doing so to the applause of a sizeable number (though nowhere near a majority) of sick, twisted leftists, who no longer hide their malicious intent. These people not only roam the streets freely, they now hold public positions from which they hurl blanket condemnations against anyone who dares confront their lunatic professions and policies.”
WE the PEOPLE either destroy this treasonous, socialist Democrat Party – OR –
WE the PEOPLE will become servants, wards and slaves to this treasonous, socialist Democrat Party dictatorship!
BUT it’s typical of the left.. CAN’T ram it down our throats through LEGISLATION, then get the courts/govt agencies, to do it for them..
the green new deal is really a red commie deal
Though i do find i strange, the COMMIE NATIONS ARE NOT pushing it themselves…