They also voted against investments in climate resilience, weatherization, and flood mitigation.
By David Sirota, The Lever
Roughly three months before Florida was clobbered by this week’s climate-intensified hurricane, eight of the state’s Republican lawmakers pressured federal regulators to halt a proposal requiring businesses to more thoroughly disclose the risks they face from climate change. Those lawmakers have raked in more than $1 million of campaign cash from oil and gas industry donors, according to data reviewed by The Lever.
The proposed rules from the Securities and Exchange Commission are designed to give investors, government officials, and the general public much more information and details about the dangers of climate change. But even in Florida — one of America’s most climate-threatened states — top Republicans are trying to help fossil fuel industry lobbyists block such disclosure mandates that could better inform communities about climate risks. Those mandates could also help identify which carbon-emitting companies are most responsible for the climate crisis.
On June 15th, seven of Florida’s House lawmakers signed a letter to SEC Chair Gary Gensler demanding he rescind a proposal that would require large corporations to “disclose extensive climate-related data and additional ‘climate risks.’”
“Congress did not establish the SEC to set climate policy nor to be the final arbiter of businesses’ strategies to combat climate change, which is what these rules will do,” the lawmakers wrote, lambasting the agency for “taking a novel, activist approach to climate policy.”
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