Investors Call on SEC to Force Companies to Disclose Climate Change Risk
Kate Sheppard:
What will climate change cost the US economy? To date, the political debate has been fixated almost exclusively on fears that carbon regulations will impose heavy burdens on American companies. But what about the costs that companies will incur if climate change continues unabated? Or the new opportunities that a carbon cap may create for some businesses, such as firms that make windmills or solar panels? Faced with a lack of reliable analysis of the full costs and benefits of both climate change and climate policies, a group of major investors wants the Securities and Exchange Commission to step in. On Monday, the investors wrote to the SEC asking the agency to come up with guidelines to help businesses properly account for climate-related factors that will affect their bottom lines.
Here is the letter:
