Exxon Opens A New Disclosure Frontier For Energy Finance
Law360, New York (April 2, 2014, 6:31 PM EDT) -- Exxon Mobil Corp.'s recent announcement that it will publish an analysis of the risk greenhouse gas emission limits pose to its business marks a watershed moment for both the energy industry and the financial institutions that invest in the sector.
The Exxon announcement, coupled with the emergence of sustainable cap-and-trade program in California and the Obama administration's proactive stance on regulating GHG emissions, frames a changed regulatory landscape — one that now imposes substantially more rigorous reporting obligations on financial institutions that invest in the energy sector either through debt or equity.
This article describes the GHG-related disclosure and reporting obligations...
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