The Securities and Exchange Commission’s proposal for climate-risk disclosure should not bring to mind love poems, but yet, Elizabeth Barrett Browning’s “How Do I Love Thee” seems strangely apt, if in reverse. While some environmental advocates, consultants, and asset managers selling “sustainable” investment products have found a myriad of things to love about the proposal, there are far more reasons to criticize the SEC’s bold move: it’s a menace that threatens harm upon financial markets, the SEC itself, and even the cause of environmentalism. Under the proposal, about 7,000 companies would have to report their “climate-related risks and impacts.” The SEC estimates that these new ru
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