Climate Disclosure Obligations Under Securities Laws
September 25, 2008, 12:00 AM EDT
Law360, New York (September 25, 2008, 12:00 AM EDT) -- Against the backdrop of steadily increasing controversy over climate change and the prospect of significant new regulatory obligations on U.S. companies as to their greenhouse gas footprints, a major energy company has recently succumbed to the claim that current securities laws, rules, and regulations require wide-ranging disclosures related to climate change in U.S. Securities and Exchange Commission filings.
Under threat of an enforcement action by the Attorney General of New York, Xcel Energy Inc. has reached a settlement that could have wide-ranging implications for climate change...
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