Biden Administration Drops Enforcement of Climate Mandate on Businesses
FRANKFORT, Ky. (April 5, 2024) – Attorney General Russell Coleman announced a second major victory this week against the Biden Administration’s radical green agenda. Kentucky joined a 25-state coalition to block the Security and Exchange Commission’s (SEC) mandate that would have forced businesses to track and report greenhouse gas emissions.
After Attorney General Coleman and other states challenged the SEC’s rule, the Biden Administration abandoned immediate plans for enforcement. In effect, the rule is blocked in Kentucky while Attorney General Coleman’s lawsuit proceeds.
The SEC’s mandate is part of President Biden’s extreme climate scheme and an attempt to influence investments based on climate change theories instead of returns. The plan is estimated to cost businesses billions of dollars, while undermining good jobs, threatening Kentuckians’ savings and bloating the federal regulatory state.
“The Biden Administration is attempting to fundamentally recreate the American economy around its radical green agenda, and Kentucky won’t stand for it. We will continue to fight for Kentucky families, workers and entrepreneurs who are fed up with a White House that cares more about politics than helping them make ends meet,” said Attorney General Coleman.
The attorneys general argued the SEC, which has authority to regulate financial markets but not the environment, cannot implement the climate mandate without an act of Congress.
In this lawsuit, General Coleman joined other attorneys general from Alabama, Alaska, Arkansas, Georgia, Idaho, Indiana, Iowa, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia and Wyoming.
Read the SEC’s walk back of enforcement here.