Jun. 1, 2022
To Whom It May Concern: The latest assault on American energy companies comes from the you in the form of a 500+ page proposal to require public companies to report their various impacts on “climate change.” This proposal is part of your crusade to implement the Left’s climate agenda, which is stalled in Congress. This complicated legislation-through-regulation scheme will saddle companies with huge new costs and enable the “woke” ESG crowd to bully companies – all the while enriching the trial bar, who’ll find new ways to sue productive companies; and big accounting firms, who’ll reap revenue from helping companies comply with these reporting requirements. And for what? Public companies are already required to disclose “material” risks, and that includes climate change, for some companies. Regards, Douglas Kelsey