October 24, 2008
Dynegy to Disclose Climate Risks
Dynegy Inc. agreed to disclose the company’s financial risks associated with climate change to the S.E.C. under an accord announced by New York Attorney General Andrew Cuomo and former U.S. Vice President Al Gore, Bloomberg reports, (via chron.com).
Under the deal, the company will disclose current carbon emissions and projected increases in carbon emissions from planned coal-fired power plants. The company must also report its strategies for reducing its global warming and pollution emissions, as well as expected emissions reductions from such actions.
About of 24 percent of the company’s production capacity is fueled by coal, The company recently announced plans to build new units in at least six states in a joint venture with LS Power Group of East Brunswick, N.J.
The settlement follows Xcel Energy Inc.’s announcement in August that it will disclose the financial risks that climate change poses to its investors in its annual SEC filings.
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