As if using the EPA to browbeat and frighten corporate America and its investors isn’t enough, environmentalist thugs now want other government regulators to get into the act, even though they have no authority to do so:
The groups that released the studies called on the U.S. Securities and Exchange Commission to respond to investor requests for guidance on climate-related disclosures for companies to put in securities filings. The SEC did not immediately respond (why should they?) to questions about the studies.
“As the nation responds to the challenges of global warming, investors have a right to know which businesses are forging innovative solutions for the 21st century and which are lagging behind,” Environmental Defense Fund President Fred Krupp said in a release.
The U.S. Environmental Protection Agency tracks emissions of carbon dioxide from industry, but investors say they want to know more about corporate strategies to reduce pollution from other planet-warming gasses as well as carbon dioxide.
“I want to tell you what’s going to happen from this point forward in my opinion. First of all, the House will pass anything. Nancy Pelosi has the votes to pass anything. Don’t be distressed when you see the House passes some kind of cap-and-trade bill. And you know it could be worse [than the proposed bill] and she could still pass it, so it’ll pass there….
“The EPA has threatened to regulate this through the Clean Air Act. That isn’t going to work in my opinion because we can stall that until we get a new president – that shouldn’t be a problem….
“While the House will pass the bill … in the Senate, they’re not going to be able to pass it. You guys – it’s just not going to happen. Now we have a history of what’s happened in the Senate. We had the 1997 Kyoto Protocol. Remember that’s where we passed by a 94-1, I think it was, saying we don’t want to ratify any treaty – the Senate doesn’t – that doesn’t include developing nations with developed nations. Well, that stuck with us.”