The Securities and Exchange Commission (SEC) — one of the hundreds of federal agencies — has proposed a radical new rule implementing a woke, leftist “Environmental, Social, and Governance” (ESG) agenda and paving the way for a federally-enforced “social credit score.”
In March 2022, the SEC proposed a major rule that would require public companies to disclose their carbon emissions, along with the emissions of their customers and suppliers. The agency is currently accepting public comments regarding the proposal, as required under federal law. The comment period ended on Friday, June 17 — it is now up to Congress to stop this radical rule and, more importantly, abolish the unconstitutional SEC.
The SEC’s rule is dangerous. Most prominently, by pursuing this rule, the U.S. federal government is implementing ESG — essentially a “social credit score” for corporations pressuring them to adopt uber-woke policies. ESG-pushing companies like BlackRock have successfully pushed many corporations far to the Left. If the federal government adopts the same policies, this pressure will only intensify — and multiple other federal agencies are considering similar policies.
Furthermore, in their attempt to comply with the (costly and burdensome) rule while maintaining a high “score,” companies might impose their own social credit scores on consumers. This could result in average Americans being denied services because they haven’t adopted a Great-Reset-compliant lifestyle.
More broadly, the SEC’s rule is a sneaky way to help end the use of oil and gas while implementing radical green-new-deal environmentalist policies. Unable to implement its collectivist agenda via legislation, the Left is pursuing regulatory workarounds — and these workarounds are contributing to inflation and economic destruction.
Last, but certainly not least, the SEC — or the federal government for that matter — does not have authority to regulate business, including for climate-change-related reasons. Furthermore, nowhere does the U.S. Constitution authorize any branch of the federal government to regulate the areas that the SEC oversees. The SEC’s rule is illegal and unconstitutional — along with the SEC’s very existence.
Contact your U.S. representative and senators in opposition to the SEC’s “climate disclosure” rule, and in favor of abolishing the unconstitutional SEC.
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