oil rigs in the gulf of mexico

Petitioning Climate Risk Disclosure for Wall Street

Article: Petitioning Climate Risk Disclosure for Wall Street

The President of CERES, Mindy Lubber, has “filed a petition with the US Securities and Exchange Commission asking the SEC to require publicly-traded companies to assess and disclose their financial risks from climate change in their formal reporting statements” (financialtimes.com). The reasoning behind this petition is that major environmental disasters like hurricane Katrina can cause…