Major Coal-Burning Power Producers Agrees to Disclose Global Warming Risks to Investors. By David B. Caruso, AP, October 23, 2008. "A major owner of coal-burning power plants has agreed to tell investors more about how global warming could be bad for business. New York Attorney General Andrew Cuomo announced Thursday that the energy company Dynegy Inc. has agreed to put detailed information in its financial filings on any material business risks posed by the outcry over climate change... That could include warning investors about looming government regulations that might make it more expensive to emit carbons, or the possibility that the company could be sued over pollution. The agreement is the second of its type. Xcel Energy Inc. made a similar pledge to Cuomo's office in August and the attorney general has pressured three other power companies to follow suit: AES Corp., Dominion Resources Inc. and Peabody Energy Corp... Former Vice President Al Gore, who appeared alongside Cuomo as he announced the arrangement in Manhattan, called the disclosure requirement 'a new model to combat global warming.'"
2008-10-26
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