Cattle Industry Fighting SEC Climate Rule
The National Cattlemen’s Beef Association filed comments on the Securities and Exchange Commission’s controversial greenhouse gas disclosure rule. The rule would require publicly-traded companies to disclose their direct, energy-electricity consumption, and supply chain emissions, creating a burden on cattle producers who supply beef to publicly-traded processors, restaurants, and retailers.
“With cattle producers facing record inflation, rising input costs, and labor shortages, another bureaucratic rule is a burden we cannot afford,” says NCBA President Don Schiefelbein. “Policymakers should be focused on lowering costs and solving real problems facing agriculture, not creating more complex rules that require a team of lawyers to understand.”
While the proposal is aimed at public companies, it would place a burden on cattle producers who supply beef to public entities. The federal government has also acknowledged that accurately calculating emissions on the farm or ranch level is impossible.
EPA and USDA metrics are already calculated and should satisfy federal regulators.
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