Breitbart: President Joe Biden is preparing to issue an executive order that would require companies to disclose the risks they face from climate change, special climate envoy John Kerry said.
“While the earth remains,
Seedtime and harvest,
Cold and heat,
Winter and summer,
And day and night
Shall not cease.” Genesis 8:22
While Kerry did not elaborate, the order would fulfill a Biden campaign promise to require all public companies to report their emissions and climate-related risks, the Washington Examiner reported.
Biden already has ordered the Treasury Department, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Reserve to address the risks climate change poses to the financial system.
Republican lawmakers charge the administration’s efforts aim to curb investment in fossil fuels and shift investment to green ventures.
In fact, Kerry affirmed the objective of the Biden’s climate disclosure requirements is to impact the allocation of capital.
“Suddenly, people are going to be making evaluations considering long-term risks to their investment based on the climate crisis,” he said Wednesday at a virtual event hosted by the International Monetary Fund. Read More