SEC Climate Disclosure Rule Advances Europe’s Agenda, Not America’s

​The Securities and Exchange Commission (SEC) claims its controversial climate disclosure rule is justified because demand is purportedly growing for standardized climate information among credible, non-partisan financial institutions and asset managers. Yet reality is quite different.
 
Analysis conducted by Western Energy Alliance reveals what SEC is not sharing: the proposed rule relies on the work of a global network of activist organizations—not a majority of American investors or institutions—that have been collaborating for several years to end the use of oil and natural gas around the world. In the course of developing our comments on the rule, we found that SEC is defending the rule based on the demands of mostly foreign investors with only a very small minority of American investment managers. 

WHITE PAPER

Read More