Cattle Industry Fights Controversial SEC Climate Rule
Today, the National Cattlemen’s Beef Association (NCBA) filed comments on the U.S. Securities and Exchange Commission’s (SEC) controversial proposed greenhouse gas disclosure rule. The rule would require publicly traded companies to disclose their direct (scope 1), energy/electricity consumption (scope 2), and supply chain emissions (scope 3), creating a burden on cattle producers who supply beef to publicly traded processors, restaurants, and retailers.
“With cattle producers facing record inflation, rising input costs and labor shortages, another bureaucratic rule from Washington is a burden we cannot afford,” said NCBA President Don Schiefelbein, a cattle...
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