Tell Investors of Climate Risks, Energy Sector is Urged
Dec 19, 2016 7:10 AM ET
Originally posted in the New York Times.
A coalition of the world’s most powerful bankers, regulators and even executives at some heavy polluters have a message for oil and gas companies: Be more forthcoming about the risks posed by climate change.
The new guidelines, issued on Wednesday by a task force commissioned by the Group of 20 richest nations, are some of the most comprehensive about how companies should measure and disclose the predicted effects of extreme weather and rising seas. These recommendations come at a tough time for climate advocates, still reeling from the prospect of a presidential administration in the United States hostile to steps to address climate change.
