AG Cameron joins coalition to fight against climate change disclosures in SEC filings

Attorney General Daniel Cameron joined a 16-state coalition in filing comments before the U.S....
Attorney General Daniel Cameron joined a 16-state coalition in filing comments before the U.S. Securities and Exchange Commission (SEC) to push back against an initiative requiring companies to make climate change disclosures in SEC filings.(WAVE 3 News)
Updated: Jun. 15, 2021 at 4:00 PM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

KENTUCKY (KFVS) - Attorney General Daniel Cameron joined a 16-state coalition in filing comments before the U.S. Securities and Exchange Commission (SEC) to push back against an initiative requiring companies to make climate change disclosures in SEC filings. 

The attorneys general argue this new move would require companies to make policy statements not related to financial performance and would threaten freedom of speech.

In comments filed this week to SEC Chairman Gary Gensler, the attorneys general expressed concerns that the proposed climate change disclosures are unnecessary from a market protection standpoint, writing that “the Commission has an important and difficult mandate with respect to safeguarding public trading, but it is hard to see how it can legally, constitutionally, and reasonably assume a leading role when it comes to climate change.”

“Requiring publicly traded companies to disclose the Biden Administration’s preferred climate change information will put an unnecessary target on the backs of companies,” said Attorney General Cameron.  “This type of government mandate strays from the authority of the SEC and is a classic example of government overreach.”

Attorney General Cameron joined the West Virginia-led comments along with the attorneys general of Alaska, Arizona, Arkansas, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, Ohio, Oklahoma, South Carolina, Utah and Wyoming.

Click here for more information.

Copyright 2021 KFVS. All rights reserved.