Corporations Made to Disclose Potential Losses From Global Warming By SEC?

Despite all the global media propaganda, it should be recognized that Global Warming (mankinds CO2 emissions causing catastrophic future warming of Earths atmosphere) is an unproven theory. Still, we find governments around the world including our own calling CO2 a villainous gas compound and looking to regulate it, even demand that corporations recognize this theory as an inconvenient truth (as Al Gore likes to put it). In fact, the SEC or Securities Exchange Commission demands that corporations put into their investor disclosure material the potential risks of climate change.

Of course, thats a tall order because companies have no idea IF the ambient temperatures of Earth are warming over all, although a warming trend appears to be happening, or IF this trend will get significantly more obvious in the future towards what some might consider catastrophic increases in temperature, aka sea level rising, extreme weather becoming the norm, long-term droughts etc.

There was a very interesting GAO report published on January 6, 2016 number GAO-160-211 titled; SECs Plans to Determine If Additional Action Is Needed on Climate-Related Disclosure Have Evolved, in response to an SEC rule that publicly held corporations must fully disclose any risks to their supply chain that Global Warming may or may not cause, which also means they can also declare any potential gains they will profit from due to AGW theory IF it turns out to be a real crisis. The summary states:

Nations around the globe, including the United States, depend upon the efficient and secure transit of goods through the global supply chain system for providing the food, medicine, energy, and other products and services that support our way of life. Many entities are responsible for or reliant upon the global supply chain, including regulators, law enforcement, public-sector buyers, private-sector businesses, and other foreign and domestic entities. Disruptions to global supply chains, such as those caused by natural disasters, can hurt economic growth and productivity in the United States and the rest of the world. For example, in October 2012, Superstorm Sandy caused widespread damage to logistics and transportation networks throughout the Northeast, leading to major fuel shortages and causing an estimated $70 billion in direct damages and lost economic output.

This GAO report pretends to be non-bias and factual, but it states things which are absurd first that Super Storm Sandy was caused by Global Warming (again, mankinds CO2 output) or if it was just another big storm like the ones which hit New York and the Eastern Seaboard in 1938 and 1955 (both far worse in storm power). Next, it seems to claim that higher temperatures will hurt the supply chain, who is to say thats a reality, it might very well help the supply chain, or even increase profits; again IF things warm up, even if there is no proof beyond the 1.8 degree C that the planets surface has warmed in the last 180-years. Interesting how these government agencies work to defraud free-markets isnt it?

All this mandatory disclosure reminds me of the Y2K scare, the Bird Flu scare, and the terrorism scare, only this time its just about hot air? Go figure, thats our government for you.

 

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