The Securities and Exchange Commission wants information from our businesses
about their climate risks as it gears up to propose new disclosure requirements on the topic.
In particular (so far):
The SEC requested information from the companies [43 or more US public companies] about significant risks related to climate change. The risks ranged from physical effects such as severe weather to litigation and regulatory compliance costs.
However, the only real risks American businesses face from the claimed climate situation are two. One is from Government regulations as Government men and women overreact to claims of dire climate evolution. Examples of this risk are that litigation and regulatory compliance cost bit and this:
The Biden administration and the SEC under Chairman Gary Gensler have made combating climate change and nudging investors to deploy more capital toward greener businesses a priority.
The other risk is from Government men and women using claims of dire consequences of climate evolution to expand bureaucratic power. The SEC’s demands for “climate risk decision-making” data preparatory to issuing related disclosure regulations is an example of this.