Last Week, Senator Tim Scott said something that blew my mind. He said he wants to overturn the SEC's rule on climate disclosure.
"The SEC’s final climate disclosure rule threatens economic opportunity across the country, and it must be overturned," Scott said in an interview with Fox Business. "Over and over again, SEC Chair Gensler has disregarded the real-world impacts of his aggressive regulatory agenda in his dogged pursuit of left-wing political priorities. This rule is no exception"
This is crazy.
First of all, the climate rule, which you can read more about here, would actually be beneficial to investors. The new rule requires public companies to be more transparent to investors about climate change's financial impact on their business. This is a huge win for consumers and investors. It forces public companies to actually be held accountable for their emissions. And it forces businesses to wake up to the fact we're living in a climate change world. You can't hide from it anymore.
Second, this attack from Tim Scott is just another attempt by Republicans to try to impede any efforts to stop climate change. As you can see in our report on why you should vote blue, Republicans have been pushing tons of bills lately that would undo key environmental protections. This effort by Scott is just the latest in a string of attacks from Republicans on the environment. Keep peddling for big polluters, Republicans. And we'll keep voting blue.