{"id":1788368,"date":"2022-12-28T07:32:53","date_gmt":"2022-12-28T12:32:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1788368"},"modified":"2022-12-28T07:33:08","modified_gmt":"2022-12-28T12:33:08","slug":"sec-fakes-approval-for-new-climate-regulations-from-activists-foreign-investors-while-ignoring-american-companies-mass-opposition","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sec-fakes-approval-for-new-climate-regulations-from-activists-foreign-investors-while-ignoring-american-companies-mass-opposition\/","title":{"rendered":"SEC Fakes Approval For New Climate Regulations From Activists, Foreign Investors While Ignoring American Companies\u2019 Mass Opposition"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsec-fakes-approval-for-new-climate-regulations-from-activists-foreign-investors-while-ignoring-american-companies-mass-opposition%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1788368&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>The U.S. Securities and Exchange Commission is relying on a network of foreign investors to present an illusion of broad support for the agency\u2019s <a href=\"https:\/\/www.sec.gov\/rules\/proposed\/2022\/33-11042.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">proposed climate disclosure rule<\/a>This could increase the structural risks to America&#8217;s economy.<\/p>\n<p>In March, the SEC proposed new regulations that would require companies to report their estimated energy emissions. While the SEC technically only has jurisdiction over publicly traded companies, the broad nature of the agency\u2019s proposal aims to coerce private businesses into carbon calculations that track the behavior of their customers. Companies that do not comply with the government&#8217;s standards could face lawsuits and fines.<\/p>\n<p>These are the new rules \u201ca disingenuous power grab by the SEC,\u201d Will Hild, the executive director of Consumers\u2019 Research, said in an interview.<\/p>\n<p>\u201cBy requiring the corporations the SEC regulates to make scope 2 emissions disclosures, those corporations will be forced to require the businesses they source from to calculate and disclose their emissions or stop doing business with them,\u201d Hild spoke to The Federalist. \u201cSo even if a business is private (not publicly traded) but their customers are public companies, then the SEC will have effectively forced them to participate in the disclosures scheme.\u201d<\/p>\n<p>According to an analysis of the SEC\u2019s proposal from the Western Energy Alliance, a coalition of predominantly small independent oil and gas producers, more than 80 percent of asset managers cited by the agency as supportive of the new regulations are foreign. Only 7 percent of American asset mangers support disclosure rules. <\/p>\n<p>The <a href=\"https:\/\/www.westernenergyalliance.org\/sec-climate-rule.html\" target=\"_blank\" rel=\"noreferrer noopener\">white paper<\/a> The Alliance published June 13th outlines how activist investors pretend to be representing majority sentiment on Wall Street, despite only a few firms having formed multiple coalitions. The report cites seven major climate change advocacy groups as being behind the mandated disclosure agency. These investor coalitions work in close cooperation. It\u2019s as if the same 50 members of Congress formed 100 different caucuses that pledged support to particular legislation to show proof of consensus. <\/p>\n<p>\u201cThese groups are so intertwined that it is not at all clear they represent anything other than a minority of investors advancing a particular policy agenda,\u201d The Alliance report is available here. \u201cAcross those seven climate initiatives and the global network of non-profit organizations that support them, only 19 percent are American. More than half are European.\u201d<\/p>\n<p>Climate Action 100+ is one of the groups that prompted the SEC to disclose its climate information. It is a group of investors who are working together to eradicate highly efficient fossil fuels through both public and private policies. House Republicans were on Capitol Hill earlier this month.\u00a0<a href=\"https:\/\/thefederalist.com\/2022\/12\/06\/exclusive-republicans-launch-antitrust-investigation-into-climate-obsessed-corporate-cartel\/\" target=\"_blank\" rel=\"noreferrer noopener\">launched\u00a0<\/a>An antitrust probe was conducted into the group. They described Climate Action 100+ to be a &#8220;scam&#8221;. \u201ccartel\u201d To \u201censure the world\u2019s largest corporate greenhouse gas emitters take\u2026 action on climate change.&#8217;\u201d<\/p>\n<p>The Alliance white paper also highlights Russian influence at the center of the SEC\u2019s proposed rule via an endorsement from the Sea Change Foundation. 2015 saw the launch of the Environmental Policy Alliance <a href=\"https:\/\/www.influencewatch.org\/non-profit\/sea-change-foundation\/\" target=\"_blank\" rel=\"noreferrer noopener\">described <\/a>the Sea Change Foundation as \u201ca conduit for funneling Russian government money<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC is relying on foreign investors to present an illusion of broad support for the agency&#8217;s proposed climate disclosure rules.<\/p>\n","protected":false},"author":494,"featured_media":1788371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[4091,4123,4886,4321,6997,12130,6919,5542,11979,5311,6027,3760,5565],"class_list":["post-1788368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist","tag-activists","tag-american","tag-approval","tag-climate","tag-companies","tag-fakes","tag-federalist","tag-foreign","tag-ignoring","tag-investors","tag-mass","tag-opposition","tag-regulations"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1788368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1788368"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1788368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1788371"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1788368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1788368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1788368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}