The Securities and Exchange Commission wants companies to warn investors about risks associated with climate change, in the New York Times.
The SEC voted 3-2 on Wednesday to issue “interpretive guidance” to help companies decide what to disclose to investors.
“Although the agency has long required companies to reveal possible financial or legal impacts from a variety of environmental challenges, it has never specifically cited climate change as bringing potentially significant business risks or rewards,” the NYT's John Broder reports.
Two House Republicans said the SEC's move was motivated by politics, in the Wall Street Journal.
In his SOTU, Obama talked about China and other countries taking the lead in the new, clean energy-driven economy. China signaled yesterday that energy issues are a top concern. The Associated Press reports the country is establishing a National Energy Commission headed by Premier Wen Jiabao. The move "reflects Chinese leaders' concern over growing reliance on imported energy as a potential strategic weakness," AP reports.