"SEC To Require Disclosure of Climate Change Risks"

"A politically divided Securities and Exchange Commission voted on Wednesday to make clear when companies must provide information to investors about the business risks associated with climate change.

The commission, in a 3 to 2 vote, decided to require that companies disclose in their public filings the impact of climate change on their businesses -- from new regulations or legislation they may face domestically or abroad to potential changes in economic trends or physical risks to a company.

Chairman Mary L. Schapiro and the two Democrats on the commission supported the new requirements, while the two Republicans vehemently opposed them."

Zachary A. Goldfarb reports for the Washington Post January 28, 2010.

See Also:

"SEC Prods Companies On Climate Change Disclosure" (Reuters)

"S.E.C. Adds Climate Risk to Disclosure List" (New York Times)

Source: Wash Post, 01/28/2010