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Jan 28, 2010

SEC Sets Corporate Climate-Change


By Jim Efstathiou Jr.

Jan. 27 (Bloomberg) -- Companies must consider the effects of global warming and efforts to curb climate change when disclosing business risks to investors, the U.S. Securities and Exchange Commission said.

Guidelines approved today require companies to weigh the impact of climate-change laws and regulations when assessing what information to include in corporate filings, the commission said. The SEC is responding to investors who said companies aren’t providing enough data on the potential risks to their profits and operations from environmental-protection laws.

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