Progress, Retreat, Or Compromise: SEC Climate Disclosure Rule

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Progress, Retreat, Or Compromise: SEC Climate Disclosure Rule
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Nives Dolsak is Stan and Alta Barer Professor in Sustainability Science and Director of the School of Marine & Environmental Affairs. Aseem Prakash is the Walker Family Professor and the Director of the Center for Environmental Politics. Both are at the University of Washington, Seattle.

Climate policy is facing a global backlash: farmers’ protests in many European countries, opposition to the siting of renewable energy projects in the U.S.,poll reports that 59% of Democrats but only 12% of Republicans believe that climate change should be a “top priority” for the President and the Congress.be lessened if there is an attempt to compromise by conceding on some points to build a winning coalition. This is how thewas enacted.

A Russian Drone Spotted A Ukrainian Patriot Air-Defense Crew Convoying Near The Front Line. Soon, A Russian Hypersonic Missile Streaked Down. However, the SEC rule does not require firms to disclose Scope 3 emissions that are generated by their supply chains and consumers who use their products. Investors are better off with some level of climate disclosures, especially, the vulnerability of firms’ operations and investments to climate change. But the culpability issue is more complex, especially when it comes to Scope 3 emissions that firms cannot directly control. Thus, SEC’s approach to exempt Scope 3 emissions seems like a reasonable compromise.

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