May. 04, 2022
As an individual, I cannot possibly read and understand all 500? pages (I'm not even sure how many, I can't get the whole file to load) in order to make a fully informed comment. I can't imagine the nightmare of trying to interpret all these new rules, much less comply with them I were a small business. I do not want my investments to necessarily have to cover the overhead of an army of environmental attorneys. I do not want any of this. What I have been able to read is very clearly outside the jurisdiction of the SEC, and I think it is spurious at best that this could accomplish any positive environmental change. Even supposing it did, to me it is not worth the cost. The climate is far from the most pressing concern for most normal people - and the more people fall into poverty as inflation and executive overreach run wild, the fewer will afford to care. At least some wealth is a prerequisite for climate activism because you need to have a long time preference to be concerned about any nebulous threat that is years or decades away. It is not irrational for a struggling family to be more worried about putting food on their table than their carbon footprint. So please, do not make it any more difficult for the average person to save money than it already is. I will echo the statement from Commissioner Pierce as another commenter has, as it rings true to me as well: https://www.sec.gov/news/statement/peirce-climate-disclosure-20220321