Today is
Tuesday! Welcome to Equilibrium, a newsletter that tracks the growing global battle over the future of sustainability. Subscribe here: thehill.com/newsletter-signup.
Temperatures in the Pacific Northwest climbed so high over the past few days that melting cables prompted a suspension of streetcar service in Portland, while southbound lanes began to buckle on Interstate 5 in Seattle.
At local retailers, residents cleared out air conditioner supplies as they scrambled to escape the life-threatening conditions caused by the triple-digit heat dome, according to CBS Evening News.
Farther south in Palm Springs, Calif., which CBS described as “accustomed to searing heat,” a 55-year-old man died after sunbathing for more than an hour in 119-degree heat on Monday, CBS reported.
How often does this happen? SEC Commissioners Allison Lee (D) and Elad Roisman (R) on the same page? Ok, well, maybe they’re just on the same fragment of a sentence, but still…..
Republican SEC Commissioner Elad Roisman, expressed opposition to the promulgation of SEC disclosure rules concerning ESG issues to attempts to influence the ultimate nature and structure of those disclosure rules, SEC to consider probable explosion in securities litigation.
In remarks yesterday before the ESG Board Forum,
Putting the Electric Cart before the Horse: Addressing Inevitable Costs of a New ESG Disclosure Regime, SEC Commissioner Elad Roisman weighed in with his views on mandatory prescriptive ESG requirements and the likely associated costs. As he has indicated before, he’s not really keen on the idea, particularly the environmental and social components of potential requirements. As a general matter, while investors want to see comparable standardized environmental data, in his view, standardization of that type of information is really hard to do; some of it “is inherently imprecise, relies on underlying assumptions that continually evolve, and can be reasonably calculated in different ways. And ultimately, unless this information can
<h2><span style="font-size: small;">I. Introduction</span></h2>
<p><span style="font-size: small;">Thank you to Dan [Bigman] and the Corporate Board Member for inviting me to participate in today’s ESG Board Forum. Of course, the views I express here are my own and do not necessarily represent those of my fellow Commissioners.</span></p>