The Democratic Party’s obsession with stopping climate change has undermined its ability to govern, especially in areas that otherwise have nothing to do with carbon emissions. Nowhere is that more true than at the Securities and Exchange Commission, where Biden’s appointees pushed through a costly climate risk reporting rule last year that was both unnecessary and far outside the agency’s proper jurisdiction.

Fortunately, President-elect Donald Trump’s pick to become the new chairman of the agency, former SEC Commissioner Paul Atkins, is an opponent of the climate reporting rule and will doubtless reverse it.