Investors Seek Climate Change Information

NY Times ^ | June 15, 2006 | NA

[neverdem]

Investors worried about the possible financial fallout from greenhouse gas emissions have asked the Securities and Exchange Commission to require that companies disclose their financial vulnerability to changes in climate.

Yesterday, a group of 27 investors who collectively manage more than $1 trillion in assets sent a letter to the S.E.C. chairman, Christopher Cox, asking that financial risks linked to climate change issues be included as part of routine corporate financial reports.

The letter, whose signers included several state officials, including the New York Comptroller Alan G. Hevesi, defines risk broadly.

"Investors have a right to know if a company's buildings are in the path of hurricanes that might be exacerbated by climate change, or if it will face high costs when greenhouse gas emissions are regulated," said James Coburn, a policy adviser at Ceres, a coalition of investors and environmental groups that sent the letter. "They need that information to reduce their portfolio risk."

Just as important, Mr. Coburn said, companies that are forced to quantify and disclose their vulnerabilities are far more likely to address them. "What is measured is managed," he said.

[neverdem]

It's striking me as more and more co-ordinated agitation and propaganda, aka agitprop.

Global warming could burn insurers - Activists call on industry to act

[Dallas59]

I'm amazed at the "close your eyes and swallow" crowd. How can people with do much money be so dumb?

[ncountylee]

I'm amazed at the "close your eyes and swallow" crowd. How can people with do much money be so dumb?

LOL These are government pension fund managers, often prior public employee union thugs.

[nyconse]

Rich people can be as dumb as anyone else. Down here in Georgia we have Ted "Mouth of the South" Turner. A brilliant businessman, but a huge flamer.

[HiTech RedNeck]

And while we're at it, require them to disclose their vulnerability to changes in political party from the dogcatcher clear up to the US President, and to Oprah television shows, and...

GAG

[Dallas59]

"do"="so"...I should be rich.

[JerseyHighlander]

A blatant attempt to graft career tracks for whacko enviros onto publicly traded companies. Compliance officers and the like to further fubar this country's competitiveness. Nothing to do with risk, everything to do with the equivalent of mafia no show jobs, and outright attempt to de-industrialize the country.

[MNJohnnie]

James Coburn, a policy adviser at Ceres, a coalition of investors and environmental groups

Yep, atgiprop it is. Amazing how many of these trust fund babies are Commies. Don't seem to realize in a Commie revolution THEY would be the 1st ones shot by the "workers and peasants".