Pressure Grows To Disclose Global Warming Risks

Law360, New York (August 29, 2008, 12:00 AM EDT) -- Companies are feeling the heat to increase their disclosures of the financial risks they face from climate change. And a recent enforceable agreement between New York's attorney general and Xcel Energy Inc. designed to broaden the company's greenhouse gas-related disclosures will only make things hotter, experts say.

After issuing subpoenas to five large energy companies last year, expressing concerns that the firms had failed to appropriately disclose financial risks associated with global warming, New York Attorney General Andrew Cuomo in August announced a binding and enforceable...
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