From Office of TX Attorney General <[email protected]>
Subject AG Paxton Sends Letter to SEC Criticizing Biden’s Radical Environmental Regulations Imposed on American Businesses
Date June 17, 2022 7:05 PM
  Links have been removed from this email. Learn more in the FAQ.
  Links have been removed from this email. Learn more in the FAQ.
Seal________________________________________________________________________




*FOR IMMEDIATE RELEASE*

June 17, 2022

www.texasattorneygeneral.gov




*PRESS OFFICE: (512) 463-2050*

[email protected]





?

*?*

*AG Paxton Sends Letter to SEC Criticizing Biden?s Radical Environmental Regulations Imposed on American Businesses?*

?

AUSTIN ??Texas Attorney General Ken Paxton led a multistate letter to the U.S. Securities and Exchange Commission (SEC) opposing its proposed rule to impose a crushing matrix of new climate-related disclosures on publicly traded companies and other entities. The rule would turn the SEC, which regulates capital markets, into a new environmental regulatory body, without any lawful authorization for that unprecedented expansion of power. The proposed rule would also cost American businesses millions of additional dollars in regulatory compliance, which will be passed on to the consumer and taxpayer, with little to no environmental benefit.??

?

?The host of new requirements in this Proposed Rule are motivated by a small number of environmental activists who seek to steer the economy away from fossil fuels and to impose controversial environmental, social, and governance (ESG) mandates,? reads the letter. ?If such a policy is to be pursued . . . there is a body constitutionally empowered to make that choice: Congress. By acting outside of its statutory authority, the SEC has usurped the role of the People?s elected representatives to set the United States? policy on climate change.??

?

?Biden is weaponizing all the levers of federal power to impose his radical, pie-in-the-sky environmental agenda on every sector of American society,? said Attorney General Paxton. ?The SEC?s proposed rules are unlawful, unconstitutional, and just plain bad policy. My fellow attorneys general and I are sending this letter to make that clear. If the rules get enacted, I?ll sue?and I?ll win.???

?

Read the letter here [ [link removed](Final%206.17.2022).pdf?utm_content=&utm_medium=email&utm_name=&utm_source=govdelivery&utm_term= ].??

?

?

?

? ?

###







Stay Connected with Office of Texas Attorney General on
Facebook [ [link removed] ]?-?Twitter [ [link removed] ]?-?Instagram [ [link removed] ]?-?Email [ [link removed] ]

?Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page [ [link removed] ]. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com [ [link removed] ].


________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Office of Texas Attorney General ?300 W. 15th Street?? Austin, TX?78701 GovDelivery logo [ [link removed] ]
Screenshot of the email generated on import

Message Analysis