Green push from SEC could trigger another ‘Enron’, says Peirce

Hester Peirce - web.jpg — Hester Peirce: ESG rulemaking would pull the SEC into an area “best left to political and civil society institutions”

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SEC commissioner Hester Peirce has said company disclosures on environmental, social and governance (ESG) impacts should not be regulated by the Securities and Exchange Commission, warning that mandatory disclosures could create enough financial instability for the US to see another “Enron or WorldCom type failure, as people rush to throw their money at companies they think are green”.

“The growing global concentration of capital in certain sectors or issuers deemed to be green could

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