EXCLUSIVE — Dozens of conservative-leaning groups are calling on Congress to strike down a controversial new Securities and Exchange Commission rule that would require large corporations to issue disclosures about their carbon emissions.
The SEC voted to adopt the rule, which requires companies to issue reports to investors on the effects of their operations on climate change, earlier this month in a 3-2 vote. The groups in the letter call for Congress to “use all of the legislative powers at your disposal” to overturn the rule.
The signatories branded the rule as a “radical climate agenda” regulation that “stifles American innovation through mountains of paperwork and endless red tape.”
“The SEC is tasked with regulating securities — stocks and bonds — not maneuvering a destructive climate agenda behind the backs of Americans’ duly elected representatives
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