The global fight to force carbon intensive firms to provide information to investors the climate change-related risks they face secured another victory last week, after US energy giant Dynegy announced it would provide information on its carbon footprint and associated risks in its annual reports.
The deal was brokered by former US vice president Al Gore and New York Attorney General Andrew Cuomo, who has been undertaking an investigation into energy firms’ reporting of climate change related risks after a coalition of institutional investors last year filed a petition with his office requesting clarification on whether energy firms should disclose material risks arising from climate change.
Under the terms of the deal, Houston-based Dynegy last week filed its 2007 10-K filing with the US Securities and Exchange Commission (SEC), featuring information on the company’s carbon dioxide emissions by region and citing risks to its business arising from recent US Supreme Court rulings that make carbon regulations increasingly likely.
The company
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