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Posted Tue Jul 14 2009: from Climate Wire:
SEC Turnaround Sparks Sudden Look at Climate Disclosure
Federal regulators are preparing to launch "a very serious look" at requiring corporations to assess and reveal the effects of climate change on their financial health, according to a commissioner on the Securities and Exchange Commission. Initial efforts are under way, moving the commission toward a conclusion that investment groups had sought unsuccessfully throughout much of the Bush administration: forcing public companies to report the dangers they face from releasing carbon dioxide and its warming aftermath... Big emitters like oil and gas companies, for example, might have to formally reveal the output of their greenhouse gases and the disadvantages they face from federal efforts to charge polluters for every ton of carbon that's released.
[Read more stories about: climate impacts, carbon emissions, capitalist greed, governmental idiocy, smart policy]

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