Tell the SEC: Don’t scrap the strong climate rule!
The Security and Exchange Commission is asleep at the wheel. This Wednesday, March 6th, it will vote on a crucial climate risk disclosure rule, an earlier draft of which required banks and fossil fuel companies to report their scope 1, 2, AND 3 emissions.
If the SEC weakens the proposed rule, according to media reports, companies will ONLY need to report Scopes 1 and 2 emissions, Scope 3 emissions will not be disclosed. Scope 3 are emissions along the supply chain of a company and the indirect impacts of its business, from the emissions caused by burning the fossil fuels a company extracts, to the emissions resulting from the financing that a big bank provides to polluting companies.
Take action and contact the SEC commissioners right now before the vote takes place!