Investigation Charges Insiders Helped Write, and Will Profit From, SEC ‘Green Accounting’ Rule

What President Joe Biden calls the “historic transition” to green energy also comes with a generous helping of cronyism, enriching those with government connections, a new report alleges.  According to the report released last week by Consumers’ Research, a watchdog group, the Securities and Exchange Commission relied heavily on a company called Persefoni, a start-up that aspires to be the “TurboTax of greenhouse gas reporting,” when drafting its new “green accounting” rule. Subsequently, Consumers’ Research states, SEC employees who were instrumental in drafting the rules left the agency to take jobs at Persefoni. “This shows that the rule itself was created through a fairly corrupt process that doesn’t serve consumers or shareholders,” Will Hild, executive director of Consumers’ Research, told The Epoch Times....