The Biden administration's plan to impose a slew of financial regulations in order to counter climate change would end up having little impact on reducing global temperatures.
Companies would need to "Develop climate modeling expertise, the ability to make macroeconomic projections based on these models, and then make firm-specific economic assessments based on these climate and economic models," he said in a June letter to the Securities and Exchange Commission.
As of now, federal agencies engaged in financial regulation have nowhere near the expertise to tell genuine climate science from high-flown gobbledygook, both experts indicated.
Mandating climate disclosures would enable them to use progress toward "Largely unquantifiable" climate goals as an excuse for worse financial performance, he said.
Despite the administration's talk of helping underprivileged communities, some of the experts pointed out that large corporations are the best positioned to deal with such climate regulations.
Just as the administration proceeds to pour trillions of debt dollars into the climate effort, many of the largest corporations are predicting a windfall from the climate push.
Some experts indicated that it's not just the specifics of Biden's plan, but the whole idea of fighting climate change through government fiat that is misguided.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
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