Independent Women’s Forum (IWF) appreciates the opportunity to comment on the Securities and Exchange Commission (SEC) proposed rule entitled “The Enhancement and Standardization of Climate-Related Disclosure for Investors.” Our comments explain how the proposed rule will be damaging to the economy, limit entrepreneurial opportunities, especially for small businesses, and distract the SEC from focusing on its mission to stabilize markets at a time when confidence in the U.S. economy is at an all-time low. Additionally, the comments provide analysis regarding the proposed rule’s lack of statutory authority, its duplicative outcomes, and how it will degrade the quality of investor related information resulting in harm that extends well beyond the investor class. Finally, the arguments make clear that this rule will do little to improve the environment or change the trajectory of declining U.S. emissions.
Read the full comment here.