Thursday, June 15, 2006

 

Companies to document their global warming vulnerabilities?

"Investors have a right to know if a company's buildings are in the path of hurricanes that might be exacerbated by climate change, or if it will face high costs when greenhouse gas emissions are regulated. They need that information to reduce their portfolio risk," said James Coburn, a policy adviser at Ceres, a coalition of environmental groups and investors who collectively manage more than $1 trillion in assets that sent a letter asking the Securities and Exchange Commission to require that companies disclose their financial vulnerability to changes in climate, the New York Times reports.


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