@georgina_gustin provides the full Walter Cronkite-Alan Greenspan* era balanced report on the US Security & Exchange Commission’s dipping of a tentative toe into 21st century theory & philosophy of law** (under the inescapable growing onslaught of damages claims from storm, flood, fire, drought & aquifer-loss, extreme heat & prolonged ice storms and (before long) lethal or neurodegenerative infectious disease outbreaks in #climate zones previously unknown for the prevalence of these).
“The SEC has started from a baseline of asking for full scope reporting, which is where I think this needs to be,” said Ivan Frishberg, chief sustainability officer for Amalgamated Bank and a member of the Partnership for Carbon Accounting Financials, a framework for banks to disclose the climate impact of their lending. “The SEC then, in an effort to accommodate the transition to full implementation, worked to phase in or trigger some of the scope three elements in ways that make sense in some regards, but could create some loopholes for laggards…”
““We are concerned that the Commission’s sweeping proposal could require non-material disclosures and create confusion for investors and capital markets,” said Frank Macchiarola, API’s senior vice president of policy, economics and regulatory affairs, in a statement.
“Tom Quaadman, executive vice president of the Chamber of Commerce’s Center for Capital Markets Competitiveness, suggested that the rule will ultimately end up in the courts.
““The Supreme Court has been clear that any required disclosures under securities laws must meet the test of materiality, and we will advocate against provisions of this proposal that deviate from that standard or are unnecessarily broad,” he said.”
https://insideclimatenews.org/news/22032022/sec-climate-change-risks/?utm_source=InsideClimate News
Green Economy Action, as its mothership @wired_we @Twitter, is here to radically raise the temper and terms of global discourse ABOUT news-media. This means largely (if life on earth were in any intelligent or intelligible fashion represented by say a 1971 New York “debate” between Germaine Greer & Norman Mailer we would of course all be where we are at ecologically today – literally squaring up to and trying valiantly to “resiliently mitigate,” say, a weather-system maelstrom) eradicating both-sidesist reports and childish falsely constructed narratives in journalism that tacitly or openly excuse and include maliciously mischievous, malignant, non science-based (ie. manifestly false) or pernicious denialist greenwashing incitements to contempt, hatred or violence.
** jurisprudence
Billionaire-🙈🙊🙉🐒s with Olivettis 