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An administrative agency is obliged to answer Congressional inquiries—even if it’s a pain in the neck. SEC Chairman Gary Gensler is acting as if he’s above all that.
Senate Banking Committee Republicans on June 15 sent Mr. Gensler a letter with questions about the agency’s 490-page proposed rule requiring public companies to disclose climate risks. Companies would have to explain how government anti-carbon policies such as the SEC’s proposal might affect their bottom line. They’d also have to quantify and report their greenhouse-gas emissions, including those from suppliers and customers.
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