Mar. 23, 2022
I think this rule is definitely going in the right direction (as an investor, I'd like more) but why just climate related costs? Why not other environmental costs that our children are going to have to deal with in the future because most of these companies will have slipped their liability by the time the consequences really hit...fossil fuels anyone? I'm thinking specifically about plastic waste. Such a small amount of regulation would be necessary to get a handle on this. If plastics (and other packaging) were more standardized, it would be infinitely easier to recycle them. I'm an artist and and engineer. I understand the challenges but they really aren't that huge compared to the long term benefit. The hockey stick curve makes large corporations resistant to any kind of change because change equals risk to them, but if everyone has to change, the playing field is leveled and the risks abate. Regulation, this regulation and others like it, make it easier for the good actors to be good and forces the bad actors to play along. Any argument about being anti-competitive becomes moot when everyone has to abide by the same rules. -Dawn Matheson, Larkspur, CA