Download This PaperThe SEC's Misguided Climate Disclosure Rule Proposal
GWU Legal Studies Research Paper No. 61, 2022
GWU Law School Public Law Research Paper No. 61, 2022
Virginia Law and Economics Research Paper No. 2022-27
41 Banking & Financial Services Policy Report 1, 2022
Northwestern Law & Econ Research Paper No. 22-17
Stanford University Graduate School of Business Research Paper No. 4256724
14 Pages Posted: 27 Oct 2022 Last revised: 9 Nov 2022
Date Written: October 24, 2022
Abstract
The following article adapts and consolidates two comment letters submitted last spring by a group of twenty-two professors of finance and law on the SEC’s proposed climate change disclosure rules. The professors reiterate their recommendation that the SEC withdraw its proposal as legally misguided, while outlining some of the issues that the proposal will face when challenged in court.
Keywords: SEC authority, climate disclosure, ESG, institutional investors, individual investors, information economics, government policy, financial markets, government power
JEL Classification: G18, G38, H11, K20
Suggested Citation: Suggested Citation
Bernard S. Black
Northwestern University - Pritzker School of Law ( email )
375 E. Chicago Ave
Chicago, IL 60611
United States
312-503-2784 (Phone)
European Corporate Governance Institute (ECGI)
Brussels
Belgium
William J. Carney
Emory University School of Law ( email )
1221 Fairview Road, N.E.
Atlanta, GA 30322
United States
404-373-7198 (Phone)
n/a (Fax)
Jesse M. Fried
Harvard Law School ( email )
1575 Massachusetts
Griswold Hall 506
Cambridge, MA 02138
United States
617-384-8158 (Phone)
HOME PAGE: http://www.law.harvard.edu/faculty/directory/10289/Fried
European Corporate Governance Institute (ECGI) ( email )
c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
European Corporate Governance Institute (ECGI) ( email )
c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
European Corporate Governance Institute (ECGI) ( email )
c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
F. Scott Kieff
George Washington University - Law School ( email )
2000 H Street, N.W.
Washington, DC 20052
United States
202-994-4644 (Phone)
Edmund W. Kitch
University of Virginia School of Law ( email )
580 Massie Road
Charlottesville, VA 22903
United States
804-924-7047 (Phone)
804-924-7536 (Fax)
Kate Litvak
Northwestern University - Pritzker School of Law ( email )
375 E. Chicago Ave
Chicago, IL 60611
United States
Julia D. Mahoney
University of Virginia School of Law ( email )
580 Massie Road
Charlottesville, VA 22903
United States
434-924-3942 (Phone)
Paul G. Mahoney
University of Virginia School of Law ( email )
580 Massie Road
Charlottesville, VA 22903
United States
434-924-7121 (Phone)
434-924-7536 (Fax)
Adam C. Pritchard
University of Michigan Law School ( email )
625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-4048 (Phone)
734-647-7349 (Fax)
Dale A. Oesterle
Ohio State University (OSU) - Michael E. Moritz College of Law ( email )
55 West 12th Avenue
Columbus, OH 43210
United States
Roberta Romano
Yale Law School ( email )
P.O. Box 208215
New Haven, CT 06520-8215
United States
203-432-4965 (Phone)
203-432-4871 (Fax)
European Corporate Governance Institute (ECGI)
c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
HOME PAGE: http://www.ecgi.org
Christina Parajon Skinner
University of Pennsylvania - The Wharton School ( email )
3641 Locust Walk
Philadelphia, PA 19104-6365
United States
European Corporate Governance Institute (ECGI) ( email )
c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
Todd J. Zywicki
George Mason University - Antonin Scalia Law School ( email )
3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-8091 (Phone)
703-993-8088 (Fax)
PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States