Washington, D.C. – Club for Growth members submitted over 400 comments to the Securities and Exchange Commission (SEC) opposing the Biden Administration’s Enhancement and Standardization of Climate-Related Disclosure for Investors proposal.
Additionally, Club for Growth Foundation submitted comments opposing the proposed regulation pointing out that the rule, if enacted, would impose “massive costs on the American economy, businesses, and workers.” The rule would punish both large and small businesses, especially the oil and gas industry.
“This attempt to force climate regulation into every business transaction is yet another example of Biden’s radical socialist agenda damaging the United States economy,” said Club for Growth President David McIntosh. “Add this reckless and unconstitutional rulemaking to the daily haranguing the Biden Administration is giving the energy industry to try and deflect blame for record high gas prices and soaring inflation.”
Click here to read the Club for Growth Foundation comments.