SEC’s New ESG Rule Hurts America’s Small Farms and Ranches

The SEC’s Climate, Social, and Governance (ESG) rule is unenforceable

• The SEC can only create rules deemed necessary or appropriate for the proper protection of investors and to insure fair dealing in the security
• It cannot regulate non-financial goals like ESG
• Only Congress is authorized to craft bills relating to climate and environmental regulations

Potential Consequences:

• Small agribusinesses are already subject to onerous regulations by local, state, and federal laws. Why put more strains on struggling businesses that feed and nourish us?
• Adopting a more rigorous reporting regime in this manner would invite massive privacy concerns.
• If the SEC goes down this route, registrants working with small companies won't trust them to handle disclosures containing sensitive information going forward.

 

https://www.realclearenergy.org/articles/2022/06/22/secs_new_esg_rule_hurts_americas_small_farms_and_ranches_838700.html?mc_cid=213411c225&mc_eid=891d8cfdc0