GREEN YESTERDAYs: 2/2: #SEC: Wall Street’s Going-Green Regulations. Richard Epstein, @RichardAEpstein, @HooverInst (Originally posted April 7, 2022)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 30 September 2023
⏱️ 10 minutes
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Summary
https://www.hoover.org/research/secs-climate-disclosure-scheme-mess
Richard A Epstein, @RichardAEpstein, @HooverInst, Tisch Professor of Law NYU Bedford Senior Fellow; Hoover
1907 Portland
Transcript
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| 0:07.7 | grouping customers with very different behaviours into one tangled mess. |
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| 0:56.8 | The requirement to disclose what their investments mean for the future of the Earth's climate. |
| 1:04.4 | And the second question that Richard raises in his most recent essay, Defining Ideas, |
| 1:09.6 | is, can this proposed initiative, in other words, disclosure, |
| 1:13.9 | can it lead to curbing what you presume right now, |
| 1:18.5 | are negative effects of global warming? |
| 1:21.2 | How would they demonstrate that, Richard? |
| 1:24.0 | Well, I mean, look, when you're starting to do this, |
| 1:27.2 | it's pretty clear that you know what to do when you have relatively closed systems. |
| 1:31.2 | So for example, I suppose you have a bunch of seashells and they're at the edge of a river, |
| 1:37.2 | but they have to have a salty environment in order to survive. |
| 1:40.6 | If it turns out that you pour out too much pure water, |
| 1:43.8 | it may not be polluted in the ordinary sense, |
| 1:46.4 | but what it's going to do is to dilute the salt so the organisms will die. |
| 1:50.4 | And so therefore, you have a relatively clear recipe of what it is that you have to do |
| 1:54.8 | when it comes to controlling those kinds of flows. |
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