Bloomberg Could Benefit From Climate Rules He Helped Craft

Originally published at The Daily Signal

Billionaire businessman Mike Bloomberg, the former New York mayor and presidential candidate, is poised to benefit financially from proposed rules requiring climate disclosures for businesses that he had a hand in crafting, policy analysts say. 

President Joe Biden’s Securities and Exchange Commission proposes that publicly traded companies disclose to investors what the commission describes as “climate-related risks” that could affect operations. If adopted, the SEC rules also would require companies to disclose greenhouse gas emissions. 

The SEC announced the proposed rules in March and a comment period ended Nov. 1, but the agency isn’t expected to finalize the new requirements until next year. 

Read more at The Daily Signal