May. 15, 2022
May 15, 2022 As a longtime investor in equities and one who closely follows climate and energy issues, I am opposed to this rule. I have not found one live investor that either wants the information that the SEC is requring or needs it to make informed investment decisions. I am still looking for that person. The rule does nothing about climate change. It will be a jobs program for companies that are good at generating useless information. This rule follows a disturbing pattern. The federal regulatory burearacy seems to be in the business of enacting regulations that are onerous to smaller organizations allowing the larger megacap organizations additional competitive advantage. If the SEC is truly concerned about the average or small investor it would address the current situation where asset managers like Blackrock and State Street are using the shares of passive investors to vote as they please, many times against the wishes of the owners of the investment. This concentration of power in few hands is not good for investors, American business and the nation as a whole. Perhaps they asked for this rule....it sounds like something they would benefit from..