The SEC, a securities regulator, faces criticism for attempting to enforce climate-related regulations on publicly traded companies, with politicians like Sen. Kevin Cramer and Sen. Hyde-Smith opposing the move. Ex-SEC Chair Jay Clayton suggests Congress should lead climate policymaking instead. Senators Lummis and Cramer are leading opposition against the Biden administration's SEC for pushing companies to disclose greenhouse gas emissions data. Senator Warren emphasizes the need for financial regulators to address climate-related risks.
Climate change affects everything from our farms to our financial markets. But U.S. financial regulators haven’t been acting that way. @RepCasten and I have had enough. Regulators must act to tackle climate-related financial risks. https://t.co/yVBu8vUJTv
The SEC’s climate disclosure rule is completely outside the scope of its mandate. Representative Hern and I filed this amicus brief against the illegal climate regulation because it does not respect the separation of powers and conflicts with the major questions doctrine. https://t.co/94qLF1xJkx
For the first time, the Biden admin’s SEC is trying to force publicly traded companies to disclose their greenhouse gas emissions data. Senate Western Caucus Chair @SenLummis & @SenKevinCramer are leading the charge to fight this egregious overreach. https://t.co/GacCtI8jjt
Ex-SEC Chair Jay Clayton calls on Congress to lead climate policymaking, not SEC https://t.co/GbZFdEMCy0
The @SECGov is a securities regulator, and is in no way empowered to impose sweeping climate-related regulations on publicly traded companies. I joined @SenKevinCramer's amicus brief in requesting the court to vacate this burdensome SEC climate rule. Read it:
The SEC, as a securities regulator, is not empowered to impose sweeping climate-related regulations on publicly traded companies. Their overreach into climate regulation violates the separation of powers and the major questions doctrine, warranting the rule’s invalidation. I led…