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Energy Company Agrees to Disclose Climate Change Risks to Investors
Written by Jamie Simpson, LawServer Attorney-Editor   
Last Updated October 25, 2008

The New York AG Office announced that Andrew M. Cuomo, NY Attorney General, and former Vice President Al Gore have reached an agreement with national energy company Dynegy Inc. to disclose climate change risks to investors in annual SEC filings. This attempt to make investors aware of potential financial risks related to climate change follows a similar settlement with Xcel Energy. Improving the environment and ensuring transparency are the main goals of the new agreement.

Dynegy Inc. has agreed to perform analysis of financial risks associated with climate change regulation, related litigation, and physical impact to be included with its annual "Form 10-K" filings. In addition, the company plans to advise investors of the company's current carbon emissions, projected increases in those emissions, and corporate strategies for managing its carbon footprint. Dynegy will also disclose whether environmental performances are considered in the company's officer compensation levels.
 
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