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Reuters reports that a group of investors, state officials, and environmental advocates have filed a petition urging the U.S. Securities and Exchange Commission to force publicly-traded companies to disclose the “risks and benefits” they face as a result of global warming (of course, all prefer the more expansive and friendly-sounding phrase “climate change”).
“Companies’ financial condition increasingly depends upon their ability to avoid climate risk,” reads the petition, signed by 22 officials and groups, representing $1.5 trillion in assets. The upshot is that in covering their assets, investors may force the corporate world generally to be more forthright about the coming “endless summer.”
