Jeff Luse writes in The Hill about the folly of climate disclosure laws.
- California has passed a climate disclosure bill which will require companies to disclose their emissions throughout their supply chain.
- Bills like these are costly and add undue burden to businesses, which ultimately trickles down to consumers and increase the price of innovation.
- These laws are also not very helpful to shareholders and can confuse or misinform investment decisions.
- To see climate progress, states should lower barriers to innovation by easing the cost of doing business.
“One-size-fits-all climate disclosures are costly and ignore the complexity of America’s diverse economy. Rather than adding undue burdens to businesses and consumers that provide little benefit to investors, lawmakers should look to reduce harmful barriers that inhibit capital formation, innovation and economic growth.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
