This is not a subject easily understood by elementary school students. There arfe hundreds of aspects to these multiple sustainable development and growth initiatives that would take months of study to begin to make sense of. One thing is certain, however, and that is the facxt that US businesses and business owners will be forced to keep massive amounts of compliance records at great difficulty and burden, and that is not right. Let these eggheads regulate themselves and leave free Americans alone.
Here is a small sample of a single aspect of the encyclopedia-thick set of rules, mandates, requirements, demands, and regulations to be imposed on American businesses by the cold and pompous one worlders: (George Soros is a prominent participant in the ongoing rules and regulations developers at the WEF.)
How does this proposed change impact disclosure of carbon offsets or renewable energy credits?
As part of their net emissions reduction strategy, many companies use carbon offsets or renewable energy credits or certificates (“RECs”). The proposed rules would require companies to disclose the role that carbon offsets or RECs play in their climate-related business strategy. If RECS or carbon credits (CCs) are a material component of a company plan to achieve ESG goals, they will need to disclose the aggregate amounts of:
Carbon credits and RECs purchased;
Capitalised costs associated with carbon credits and RECs; and
Losses incurred on the capitalised carbon credits and RECs during the fiscal year.