By Joel Kotkin
The reparations regime will only aid the wealthy and privileged, not those most in need
These policies are also part of the European and UK climate change agenda. It’s a guaranteed jobs boom for climate professionals that reporting firms must engage at the expense of other employees, service providers, and consumers. Corporate social responsibility reporting studies in countries as diverse as China, Denmark, Malaysia, and South Africa show that disclosure laws primarily boost demand for “assurance services” and raise the cost of engaging high-quality auditors and consultants.
Already accounting, climate-oriented software, environmental consulting and legal firms are flooding media outlets with disclosure law explainers, warnings about climate “disclosure gaps”, and have even commissioned disclosure cost surveys to prompt new reporting regulations by state and federal officials and induce business from covered firms.
