The SEC's Misguided Climate Disclosure Rule Proposal
41 Banking & Financial Services Policy Report 1, 2022
14 Pages Posted: 27 Oct 2022 Last revised: 9 Nov 2022
Date Written: October 24, 2022
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