This brief reviews the types of climate - related risks and opportunities that may impact companies and explores how and where companies currently disclose
information about climate risks and opportunities, including some of the challenges associated with reporting.
The SEC is being asked to investigate if the cities suing over climate change should have told bond investors
more about climate risks.
That would cast a poor light on the cities» claims that Exxon
knew about climate risks but ignored them in its own financial disclosures.
Meyer walks through the reasoning that leads him to be
lukewarm about climate risks (I don't agree substantively, but I agree he walked through his reasoning clearly).
For example, when BP and Shell's shareholders voted emphatically in favor of forcing the companies to make detailed
disclosures about climate risks, well, the companies did!
New York State's attorney general has subpoenaed company records about its research going back decades, and U.S. Secretary of State John Kerry, in a Rolling Stone interview published Tuesday, said Exxon's actions would amount to «a betrayal» of humanity if it's found to have suppressed
knowledge about climate risks.
In my article over the
weekend about the climate risks from buried Arctic carbon, I omitted any discussion of one issue that sometimes appears in the news: methane deposits under relatively shallow seawater near the coasts of Siberia, Canada and Alaska.
We need to talk about climate change, we need to keep talking about climate change until we are blue in the face, because as long as we neglect to
talk about climate risks, climate policy to help mitigate those risks will continue elude us.
«Carbon Tracker is able to be more effective at informing
investors about climate risk and influencing their actions than traditional investment banks,» he said.
«There are active efforts to fool investors, by the way,» he added, citing an investigation into allegations Exxon deceived the
public about climate risk.
In order to develop specific, localized climate action plans, stakeholders and scientists need to work together to
learn about climate risks, brainstorm strategies and prioritize implementation.
Exxon, where scientists in the 1970s and «80s warned executives about the risks the burning of fossil fuels posed for the climate, has been fighting to shut down two state fraud investigations into whether it misled the public and investors
about climate risk.
This brief reviews the types of climate - related risks and opportunities that may impact companies and explores how and where companies currently disclose information
about climate risks and opportunities, including some of the challenges associated with reporting.
Exxon has similarly charged that the attorneys general of New York and Massachusetts have conspired with activists in their investigation into whether the company misled investors
about its climate risks.