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SEC Assessment of Climate Change Risks Still Mandated

Green Building Law Update

While I was on the Baltoro glacier making my way down from K2 in Pakistan earlier this month the Securities and Exchange Commission informed Exxon Mobil Corp. Guidance was published in 2010 by the SEC to provide interpretation for companies on how existing disclosure requirements apply to climate change related matters.

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Less Climate Change Disclosure by Public Companies

Green Building Law Update

Publicly traded companies are required to disclose material business risks to investors through regular filings with the Securities and Exchange Commission. Since February 8, 2010, the SEC has expressly required disclosure related to climate change.

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SEC Alters Environmental Disclosure Requirements for First Time in 30 Years But

Green Building Law Update

In 2010, the SEC issued guidance stating that issuers should include a discussion of climate risk in items 101 and 103, two of the provisions that were amend, to the extent it is material. While this topic may appear dense, what was done here, including what was not done, is actually fairly straight forward.

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Climate Change Disclosures by Public Companies

Green Building Law Update

In recent weeks this law firm has received more inquiries than at any time in recent years about the Securities and Exchange Commission’s disclosure requirements for public companies as they apply to climate change matters. When a company is required to file a disclosure with the Commission, those disclosures (e.g.,

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Climate Change Disclosures by Public Companies

Green Building Law Update

Federal securities laws and SEC regulations require certain disclosures by public companies for the benefit of investors. When a company is required to file a disclosure with the Commission, those disclosures (e.g., notes in an annual report) will largely track the disclosure requirements of Regulation S-K and Regulation S-X.

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More Robust Enforcement of SEC Climate Change Disclosures

Green Building Law Update

A great deal of attention has be paid in recent days to a 5 year old Securities and Exchange Commission guidance, “Commission Guidance Regarding Disclosure Related to Climate Change,” which seeks to provide transparency to investors on the material risks posed by climate change.

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OSHA’s shaming of innocent companies lives forever

FDR Safety

OSHA citations come and go, but the agency’s news releases never die – even when they announce alleged violations at companies who are eventually found not to be in violation of OSHA regulations. AK Steel chose to contest the violations and all were ultimately dismissed by an Occupational Safety and Review Commission judge.

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