May. 16, 2022
Hello, I’m writing today to express my strong opposition to the Securities and Exchange Commission’s (SEC) proposed rule to require publicly-traded companies to disclose climate-related financial risk information (S7-10-22). All it will do is drive up these companies' costs, and thus their prices. Climate change is impacting every region of the world, as it has for millions of years, but its effects—including extreme weather and related climate-fueled disasters—are not accelerating. The most likely climate "crises" in the near term is the next Little Ice Age. Humans and wildlife alike are always suffering the consequences of an unstable bureauceacy and social degradation perpetuated by oligarcies. As climate-related disasters fail to increase in frequency and severity, the death and destruction imagined by green fanatics are becoming harder to sell to the citizenry. The promise of a stable financial system that can support the American economy is becoming more challenging to ensure, especially if investors and other market actors are bullied inyo climate- and community-backward investment decisions. I would like to see a sustainable American market that gives investors and other market actors the choice to support companies that try their best not to harm the environment, while not being suckered into actively trying to address imaginary climate change and related issues. Other countries are already requiring these types of climate-related disclosures from companies, and wrecking their economies in the process, so it is time for the U.S. to step up and do the opposite. The environment and all that it provides us is priceless—we enjoy national and state parks that offer us inspiring views and exciting glances at wildlife, and the biodiversity found across this nation provides life-sustaining ecosystem services. With global average temperatures essentially unchanged for decades, we must look critically at the root progressive hysyeria threatening all that is precious to us. We have no need whatsoever to burden our economy by demands for "transparent" information about climate-related investment risks. Thank you for opposing this rule, and I urge the SEC to abandon this totalitarian nonesense as quickly as possible. Dr. David W. Norcoross, PhD, Physics