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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (60693)	2/5/2010 3:42:59 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217852

just in in-tray I swear this Administration is doing everything they can in their power to push US companies to re-domicile overseas... xyz SEC to require disclosure of climate change risks By Zachary A. Goldfarb Washington Post Staff Writer Thursday, January 28, 2010 A politically divided Securities and Exchange Commission voted on Wednesday to make clear when companies must provide information to investors about the business risks associated with climate change. The commission, in a 3 to 2 vote, decided to require that companies disclose in their public filings the impact of climate change on their businesses -- from new regulations or legislation they may face domestically or abroad to potential changes in economic trends or physical risks to a company. Chairman Mary L. Schapiro and the two Democrats on the commission supported the new requirements, while the two Republicans vehemently opposed them. "I can only conclude that the purpose of this release is to place the imprimatur of the commission on the agenda of the social and environmental policy lobby, an agenda that falls outside of our expertise and beyond our fundamental mission of investor protection," Republican commissioner Kathleen L. Casey said. Democratic commissioner Elisse B. Walter said the new requirements are "designed to improve the quality of disclosures filed by U.S. public companies for the benefit of investors."