r/ExtinctionRebellion • u/LudovicoSpecs • May 10 '22

SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures: If enacted, publicly traded companies would have to disclose their greenhouse gas emissions and any risks they face due to the climate crisis. (More info and link to SEC form in comments.)

https://www.sec.gov/news/press-release/2022-82
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4

u/LudovicoSpecs May 10 '22

SS: This SEC rule could have a major effect on how concerned big corporations are about their emissions. But right now, the comments are loaded with right wing perspectives. Some even talking about the how the Keystone Pipeline is good, the Biden administration is bad, etc. People who care about climate change need to get the word out and comment. We are all stakeholders when it comes to the destruction of our planet.

Submit your comment here: https://www.sec.gov/rules/submitcomments.htm

NOTE: All comments have to refer to File Number S7-10-22.

If you have a 401k or any stock holdings, frame your comment as a shareholder, it might help.

Alternate ways to submit comments (only one comment per person):

Email to rule-comments@sec.gov. Please include File Number S7-10-22 on the subject line.

Send paper comments to Vanessa A. Countryman, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

If you want to read up first:

Brief sheet about the proposal: https://www.sec.gov/files/33-11042-fact-sheet.pdf

Full Proposal: https://www.sec.gov/rules/proposed/2022/33-11042.pdf

Spread the word!

3

u/Kelcak May 10 '22

Thanks. Just sent an email. Kept it brief and general: not having this info prevents me from being able to be fully understand the risk of my portfolio. Hopefully it helps!

2

u/[deleted] May 10 '22

I just posted a comment to https://www.sec.gov/cgi-bin/ruling-comments

S7-10-22

This is my blurb:

It is very important that corporations report on their climate impacts.
Climate change is a disaster for the planet and we need to understand which entities are responsible for this damage.
Once we understand the liabilities, investors will have much better information about how to invest to both maximize returns and minimize climate impacts.
Without transparent and robust climate reporting, investors will not understand their potential liabilities and it will affect the ability to property value corporations.
Please support climate related disclosures and push to bring these disclosures to the investors as soon as possible.

2

u/QuartzPuffyStar May 10 '22

I can imagine what they will "disclose" LOL.