AES Signs Pact To Divulge Risks Of Climate Change

Law360, New York (November 19, 2009, 4:16 PM EST) -- AES Corp. has reached an agreement with New York Attorney General Andrew Cuomo that requires the energy company to keep investors in the loop about the financial risks of global warming and climate change.

Cuomo announced the pact — the third of its kind by the state's top law enforcer — on Thursday, saying the agreement would protect investors by ensuring disclosure of the risks of new and upcoming climate-change regulation on AES' bottom line.

“As efforts to curb climate change continue, it is important that...
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