Impact of Wall Street on Climate Change

"Two environmental groups and the financial officers of 10 states and New York City are asking the U.S. Securities and Exchange Commission to require companies to disclose the risks that climate change could pose to their bottom lines. The petition was expected to reach the commission Tuesday, representatives of the groups said.

The action by Ceres, a coalition of environmental activists and investors, along with Environmental Defense and investors managing $1.5 trillion in assets is the second in recent days to focus attention on the potential impact on Wall Street of climate change." Read on