Commentary It’s no surprise the Biden administration favors big government. But a new climate rule proposed by the U.S. Securities and Exchange Commission (SEC) takes Biden’s “whole of government” assault on our energy resources to a whole new level. Under a new SEC rule proposed last month (pdf), all public companies would be required to disclose their greenhouse gas emissions and extensive information related to “climate risk.” This law will create a massive financial and productivity drain on businesses while contributing to the unscientific climate alarmist narrative and driving up energy costs even higher—hurting low-income and vulnerable communities the most. The SEC claims the rule “will promote efficiency, competition, and capital formation.” Sounds positively pro-business—but nothing could be further from the truth. The anti-fossil fuel movement on Wall Street known as environmental, social, and governance (ESG) investing is already strangling energy producers as banks and investment firms collude to deny …