March 27, 2022
I oppose the SEC proposal to increase disclosures related to climate change. If enacted, these new requirements would create a new regulatory burden for American businesses. The benefit to shareholders does not justify the additional effort and expense. Reporting on greenhouse-gas output is not useful to an investor. This information satifies those with a climate change agenda, not a retail investor trying to grow wealth or produce income. Additionally, measuring greenhouse-gas emissions is subjective. Requiring this information to be audited will create a \"subject matter expert\" revenue bonanza for public accountants much like Sarbanes-Oxley. Satisfy the auditors or they will hold our financials in limbo. Reducing carbon emissions is an admirable goal and the United States has reduced such emission over the past 30 years. This proposed disclosure requirement adds nothing to the emission reduction process.