The SEC’s latest climate crackdown won’t help Elon Musk ...Middle East

Quartz - Economy
The SEC’s latest climate crackdown won’t help Elon Musk
source : Quartz ( Middle East ) () 4
Financial regulators in the US are cracking down on investment funds that are marketed as climate-friendly but frequently hold shares in high-carbon fossil fuel companies, and have only marginally lower emissions per dollar of revenue than the economy average.The proposed rules by the Securities and Exchange Commission will require purveyors of exchange-traded funds and other retail investment products labeled as “ESG” to disclose more information about what kinds of companies are included in those funds and the rationale for their inclusion. Today that information is frequently withheld or buried in technical documents that leave average retail investors susceptible to greenwashing. And ESG

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