FIRST ON FOX: A former lead counsel at the Securities and Exchange Commission coordinated with a private firm to craft pending climate disclosure rules which the firm is set to financially benefit from, according to internal communications obtained by FOX Business.
Wyatt continued to engage with Persefoni and, at one point in October 2021, told the company's Senior Vice President Mike Wallace that she had told other officials in the federal government about its platform. "I mentioned Persefoni to some others in the government working on a project that relates to the costs of reporting and heard back that you're meeting with the next week," she told Wallace in the Oct. 2, 2021, email. "That's good.
The Consumers’ Research report seems to confirm the fears of those facing the impact of the climate rule — that it was crafted without meaningful input from industry, much less average Americans," Huizenga, R-Mich., told FOX Business. "It is clear the SEC does not have adequate economic data to support its work, and is heavily relying on a small, hand-picked group to justify its proposed climate rule," Huizenga continued.