June 1, 2022 |
Governor Gordon joined a coalition of 16 governors calling on the Biden administration to drop a proposed rule that would penalize companies engaged in traditional energy development.
The letter to President Biden and U.S. Securities and Exchange Commission Chairman Gary Gensler opposes a proposed rule that would require publicly traded companies to make detailed disclosures about climate-change risks and greenhouse gas emissions. The governors view the rule as prejudicial to business and a disservice to investors by increasing compliance costs, necessitating speculation and disclosures that the federal government is not properly equipped to judge.
“This is yet another example of shortsighted federal overreach targeting Wyoming’s energy industry,” Governor Gordon said in a statement. “While energy prices are skyrocketing, the Biden administration continues to use its powers to suppress free markets and discourage oil and gas investment.”
The governor said the rule said the rule is another burden on America’s domestic energy industry. It comes as gas prices reached another historic high over the Memorial Day weekend.
Pictured above: Gas station in Rawlins on May 11, 2022. Photo by Cali O’Hare/Bigfoot 99.
Related: Gov. Gordon to serve as chair of Interstate Oil and Gas Compact Commission
