A Securities and Environment Commission invents itself

It’s called “global warming,” but the U.S. Securities and Exchange Commission seems to believe that it’s really “corporate warming.” Toward that end, the SEC just proposed new rules to compel publicly traded companies to disclose climate-related information to shareholders.

This proposal is so half-cocked that the SEC’s lone Republican commissioner, Hester Peirce, mocked the agency as aspiring to become the “Securities and Environment Commission.”