Montana Senator Jon Tester pushed the leader of the Securities and Exchange Commission to avoid taking action on its proposed Climate Rule that could potentially hurt American farmers. Heâ€™s concerned that action would lead to burdensome reporting requirements for family farmers and ranchers who are part of the supply chain for a publicly-traded company as part of the agencyâ€™s proposed climate disclosure rule.
â€œI appreciate our discussion and your response that the SEC doesnâ€™t intend for public companies to have an obligation to ask producers for information to estimate these emissions,â€ he says. â€œHowever, the agency must not take any action that may lead, intentionally or not, to burdensome reporting requirements for production agriculture.â€ Montana producers applauded the senatorâ€™s continued action.
â€œWe support the senatorâ€™s efforts to help the SEC understand our concerns with what could potentially be a far overreaching rule,â€ says Cyndi Johnson, president of the Montana Farm Bureau.