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This is CBSI in the world. I'm John Batson. I read from a document

the Securities Exchange Commission most recently, 2022. We are proposing,

said the SEC, to require registrants to provide certain climate-related information

in their registration statements and annual reports, including certain information about climate

related financial risks and climate-related financial metrics in their financial statements.

The disclosure of this information would provide consistent, comparable, and reliable.

And therefore, decision-useful information to investors to enable them to make informed

decisions about the impact of climate-related risks on current and potential investments.

I welcome Professor Richard Epstein, Senior Fellow of the Hoover Institution,

teaches law at NYU in the University of Chicago. Writing most recently at defining ideas,

I welcome everyone to read it. It's at the Hoover site about the SEC's proposed climate-related

authorization. Richard, a very good evening to you. Your remarks about this,

taking me to a case that I very much enjoyed reading about, 1889, Derry Versus Peak. This is about

a company that boasted it had the right to use steam or mechanical mode of power instead of

horses on a part of the public transportation route. That was a false claim. How does that inform

the climate-related regulation the SEC is proposing? Good evening to you.

Well, the first thing we have to figure out is what is it that the SEC is supposed to be doing?

And the general reason why this commission has survived better than some of the other Roosevelt

...