The government's financial watchdog wants to require companies to disclose how much they're contributing to climate change and how they plan to cut back on fossil fuel emissions.
“The 360” shows you diverse perspectives on the day’s top stories and debates.American companies will be obligated to publicly disclose the amount of greenhouse gases they produce and the risks that climate change poses to their business, under new rulesAs part of its role as the nation’s financial market regulator, the SEC already requires public companies to publish a broad range of information so investors can make informed decisions.
SEC leadership has specifically avoided making the case that these rules are intended to compel companies to cut their climate emissions. Its argument in favor of climate disclosures is entirely based on giving investors the information to make sound decisions. It is true that many high-profile investment firms have been asking for this kind of information, and many major companies — including Apple and Amazon — already share it.
“Beyond the outcome, the fight—pitting one group of corporate actors against another—is also likely to be instructive, illustrating the emerging fault line between companies that are engineering their firms to survive a climate-changed world and those that are hanging on to an old way of doing things.” — Justin Worland,“This is not an honest attempt to protect investors; it is climate activism in finance-regulation drag.
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