For years, environmental and shareholder activists have pushed companies that generate greenhouse gases to disclose how climate change could affect their financial outlook. Now, two operators of coal-burning power plants have agreed to provide this information in their 10-K filings with the Securities and Exchange Commission. It was New York's attorney general, not the SEC, that demanded the information, and experts say the agreements could create a new standard for environmental risk reporting.
Power Companies to Disclose Financial Risks of Climate Change
December 30, 2008
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