"Climate" Enters State Investment Equation

"Oregon Treasurer Randall Edwards joined environmentalists, institutional investors and financial officers from other states Tuesday in formally petitioning securities regulators to force publicly traded companies to disclose the emerging risks they face from global warming.

The coalition also asked the Securities and Exchange Commission to immediately scrutinize the adequacy of companies' climate change disclosures under existing laws.

The group maintains that most companies haven't been giving investors the full story on their climate change risks, whether it's a bank or insurance company looking at more extreme weather events or a utility facing potentially expensive climate change regulations." |Read more|