Credit – Newsweek
New Securities and Exchange Commission proposals, to fight climate change, will put forth more burdensome regulations and requirements on public and private businesses. Set to start as early as December, these new regulations would require public companies to report their greenhouse gas emissions and climate risks to the SEC. That’s right, the SEC will save the planet from those big bad greenhouse gases. SEC’s sole purpose is to facilitate the investment decision making process, not regulate climate change, which is completely out of their purview. The Biden administration is using the SEC to try and fast track their myth that climate change/global warming is an imminent crisis, and needs to to be dealt with immediately. Democrats have been spewing that line for decades and we’re all still here. What will end up happening, is businesses having to spend an inordinate amount of money trying to comply with regulations, while ending up being sued left and right by investors, who might think those businesses are not appropriately fighting climate change. It’s another quagmire of regulation chaos, that will be enforced by an unelected and appointed government entity. Congress has the sole authority in making laws to cover issues like climate change, but because the Democrats can never accomplish anything honestly, they try and force it on the American people through endless backdoor regulations.
Climate Change is a Money Laundering Hoax
Climate change is a money laundering, fabricated hoax, that Democrats and the left, have used to manipulate people into believing the Earth is on a cataclysmic course of man made destruction. Climate change has been happening since the Earth was born, and is always fluctuating. But the left has taken hold of this terminology and perverted it into something that it is not. There has always been an Earth ending crisis, that the left has glammed onto to get their minions agitated into donating and fighting for. In the 1970’s it was the next ice age, then in the 1980’s it was acid rain and death by a hole in the ozone, and then it was global warming, where Al Gore said parts of Florida and New York City would be underwater if we didn’t address global warming immediately. Well, Al Gore’s predictions were supposed to manifest themselves by 2016. Everything still looks good. Now you have lunatics like Alexandria Ocasio-Cortez and Leonardo DiCaprio claiming the planet only has 9 years left. Seriously? The majority of rational thinking Americans just don’t believe you.
Related: Nothing Short of a Hypocrite
Credit – Time
Credit – Time
Credit – Time
Credit – Time
More Green Less Money
Basically, the new SEC proposals would require all publicly traded businesses, to disclose extensive climate-related data and additional ‘climate risks.’ This will allow investors to determine if said businesses are worth the risk to invest in. These proposals would in essence, favor a company’s climate change risk, over their actual profitability. That sounds absolutely insane, but it’s already happening. Just look at companies like Disney and DC Comics, who already are invested in ESG(environmental social governance)funding, instituted by the Obama administration back in 2015. ESG funding bases a company’s worth on their ESG grade rather than their actual profits. DC Comics, for example, has not been very profitable at all, due to their activist writers and artists producing absolute trash, yet they are still in business. This is despite the fact fans are leaving them in droves. That’s because of government ESG funding. A company doesn’t need to be profitable anymore, just as long as they are a worthy environmental, social, and governance risk.
Private Businesses Would Be Indirectly Subjected to Regulation
The new SEC proposals, however, would have a much broader impact than the ESG funding. The SEC would be forcing publicly traded companies to not only self regulate their climate emissions and risks, but would be subjected to independent audits of those emissions and risks as well. The cost of those audits alone would be astronomical, and that’s why big accounting firms are salivating at the prospects of these new regulations. This would be a gargantuan source of income that seems infinite in its possibilities. Companies could be forced into endless audits if investors questioned any of their climate risks and emissions. The SEC would also be indirectly subjecting private businesses to the same regulations, if they had any dealings with a publicly traded company. That last part, even the SEC admits, is a little too convoluted to gauge. For example, it could be something as simple as a business man for company 1, taking a trip on a Delta airlines flight company 2, and company 1 would have to assess the climate risk of that trip, ultimately requiring Delta to comply with those same regulations. How do you measure how much carbon emissions were used by a single person on a flight from point A to point B? In addition, if those publicly traded companies didn’t pass an independent audit, for example, they might be forced into donating to a left wing radical agenda to offset their carbon footprint. It’s absolutely insidious.
Just Another way to Expand Government
Joe Biden and the Democratic Party are on a furious pace to get their green new deal, one world order agenda through, no matter the cost to the American people. They are set to lose big in November, and they are panicking. The SEC proposals are just another back door way into regulating businesses into failure, that will subsequently place an undue burden on Americans. It’s also another of Biden’s attempts to unnecessarily expand government. Joe Biden has been manufactured and puppeteer’d to transform America into the Socialist utopia the left has been craving for decades. Biden has failed on the economy, securing the border, Covid response, and foreign relations. His poll numbers drop every week, and show an obvious lack of confidence, yet the freight train is still coming. Biden is an abject failure on all fronts, and with the help of a Democratically controlled congress, they are all but ensuring America’s fast track to failure. Whether it’s the cancelling of the Keystone Pipeline, that would provide thousands of jobs and help secure America’s energy independence, the tragic failure in Afghanistan, over extended shutdowns, mandatory vaccine mandates to control your employment status, inflation, or mask mandates, the Biden Administration has gone full bore in trying to transform this country into something the majority of the country is against. The SEC forcing climate change regulations and penalties on businesses that are already drowning from inflation, worker shortages, and supply chain issues, is just another nail in the American decline coffin. The Biden Administration is either that dumb, or they are doing this on purpose. I choose the latter…the last 15 months have proven it. A free market that regulates themselves is the answer, not more government, and certainly not via climate change. Rush Limbaugh was right when he said that climate change was “a hoax perpetrated by leftist researchers to expand the size of the federal government.”
