Biden's anti-energy investment policies
The pressure is increasing on companies to follow environmental, social, and governance standards from both the private sector and the government.
The Biden administration is prioritizing proposed rulemaking that would require companies to produce climate-related disclosures, most notably through the Securities and Exchange Commission, a form of indirect pressure on fossil fuel companies.
The SEC is debating the extent to which it can compel companies to disclose details about how much energy they buy and how they handle climate risks. Such self-reported disclosures to investors have already become commonplace in business, and adding government-mandated ESG disclosure rules is a big goal for the administration.
The SEC has been working on the disclosure rule for months now, with Chairman Gary Gensler initially announcing that the draft would be released by October and then later pushing that deadline back to January. Now it is unclear when exactly it will be unveiled, although some are beginning to get restless, including Sen. Elizabeth Warren, who called for “quick action” on the matter earlier this month.
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The biggest threat to the US and its economy is the climate kooks who want to throttle fossil fuels for unreliable so-called renewables. They left in this country has been exaggerating the impact of fossil fuels for decades and their claims of climate change are grossly out of touch with reality. They have been serially wrong about the climate for at least 50 years. Biden's energy policies are a bigger threat to the US than fossil fuels have ever been.
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