New SEC rules are disturbing.

New SEC rules are disturbing.

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The debate over the SEC’s climate disclosure rules is rooted in the anxiety many carbon-intensive companies feel about the fact that CO2 emissions — once a vague metric that could at best be roughly estimated — are becoming much easier to measure, and a basis for lawsuits and shareholder campaigns. Thanks to regulation, as well as technologies like satellite monitoring and blockchain accounting, the era of hidden emissions is ending. The most controversial part of the SEC proposal deals with “Scope 3” emissions, those that arise from a company’s supply chain and its customers’ use of its products. For many...
Source: https://www.semafor.com/article/03/31/2023/the-sec-climate-disclosure-rules-will-face-lawsuits-ahead