The Securities and Exchange Commission (SEC) has proposed a rule regarding climate disclosures that could affect every farmer and rancher in the United States, even though they aren’t publicly traded entities. The proposed rule affects climate reporting and carbon emissions of large companies who trade in the marketplace. Several Ag groups sent comments to the SEC last week with their concerns and recommendations.
Andrew Walmsley is Senior Director of Government Affairs for the American Farm Bureau Federation, and he talks about concerns they have with the scope of the rule.
Walmsley said that this could lead to burdensome requirements for every farmer who has nothing to do with the SEC and their traded companies.
Walmsley talks about recommendations and suggestions they sent to the SEC to make the idea of holding huge companies accountable for climate impact does not affect those outside the jurisdiction of the SEC’s policies.