Daily Grist: , investors pipe up about climate risks, and more

[Guest guest]

At 01:26 PM 9/18/07, you wrote:

 

>Climate-Risky Business

>Investors petition SEC to require companies to disclose climate risk

>

>Activists, investors, and activist investors have teamed up to try to

>compel the U.S. Securities and Exchange Commission to require publicly

>traded companies to disclose their climate-change risks. Under current

>law, the SEC requires companies to detail potential risks to investors in

>their annual and quarterly reports to the agency. The activists, armed

>with a petition, are seeking an " interpretive " release from the agency

>clarifying that climate risk, and the risks and benefits that could come

>from domestic climate legislation, should already be part of a company's

>financial reports. " This is about an investor's right to know, " said a

>spokesperson for the California state attorney general. " Existing SEC

>rules, we believe, clearly require companies to disclose the risks and

>benefits to their operations presented by climate change. " On Friday, the

>attorney general of New York state sent subpoenas to five energy companies

>seeking similar information about whether they properly disclosed

>climate-related risk

>

>[ email | discuss | + digg | + del.icio.us ]

>sources: Reuters, The Washington Post, The New York Times

 

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