The National Cattlemen’s Beef Association (NCBA) called for a limited version of the Securities and Exchange Commission’s (SEC) greenhouse gas disclosure rule following SEC Chair Gary Gensler’s testimony before the U.S. Senate Committee on Banking.
“The SEC’s proposed greenhouse gas disclosure rule is aimed at large, publicly traded companies but would lead to unintended consequences for small businesses like farms and ranches,” said NCBA Chief Counsel Mary-Thomas Hart.
“The rule would require data that simply does not exist at the farm or ranch level and increases the regulatory burden on individual cattle producers.” The group urged the SEC to limit their proposed rule to avoid unintentional impacts to farms and ranches.
