House Republicans hit SEC on climate disclosure

“Currently, there are no federal laws explicitly addressing climate change – including its potential impact on the economy,” the letter states. “It is inappropriate to force companies to speculate on how unpredictable, and distant, environmental shifts may effect market performance.”

The House members say the SEC guidance will prompt disclosures that distract investors from more relevant information. They also say the SEC’s time would be better spent protecting the public from threats like disgraced money manager Bernie Madoff’s Ponzi scheme.

Sen. John BarrassoJohn Anthony BarrassoPruitt to testify on EPA agenda at House, Senate hearings Overnight Energy: Senate confirms top EPA air regulator | Feds to roll back emissions rule for big trucks | Defense bill mandates climate study Senate confirms top air regulator at EPA MORE (R-Wyo) agrees with the House Republicans. Green investing advocates, on the other hand, don’t. I noted the views of both sides here.