Article Tags: Paul Driessen
We are not weighing in on the climate debate. We are not opining on whether the world’s climate is changing, at what pace or due to what causes, Securities and Exchange Commission Chairman Mary Shapiro insisted on announcing the SEC’s new “interpretive guidance” on climate change.
The Commission’s two Republican members objected that the Obama Administration was using the Commission to promote its global warming and renewable energy agenda (along with the EPA, NASA, Defense and Interior Departments and others). It’s true, but irrelevant.
Environmentalists and “ethical investing” groups had pressured the Commission for years to require corporate disclosure on climate matters. Now, as the SEC steps in, the Copenhagen treaty negotiations have collapsed in disarray. Cap-and-trade has bogged down over senators’ fears of further damage to the economy and their reelection chances. The Environmental Protection Agency has decreed that plant-fertilizing carbon dioxide is a “dangerous pollutant,” because senators are increasingly reluctant to micromanage the economy, companies and families, but the regs are likely to go nowhere.
Source: townhall.com