As tension builds around the U.S. Securities and Exchange Commission’s (SEC) directive requiring public companies to reveal both their direct and indirect greenhouse gas emissions, Republican lawmakers, business groups, and GOP-led states continue to add fuel to the fire. These groups are intensifying their verbal attacks and lodging further constitutional challenges, questioning whether the SEC’s statutory authority even extends beyond financial matters to encompass environmental issues. Law.com reports.
Michigan Republican and Chair of the House Financial Services Subcommittee on Oversight and Investigations, Rep. Bill Huizenga noted during a field hearing in Lebanon, Tennessee, “The commission finalized the climate rule despite no clear congressional authorization.” In a similar vein,”Our Constitution empowers only Congress to make the law and importantly to take responsibility for the consequences,” added Rep. Andy Ogles.