Barrasso revives battle against SEC climate risk disclosure

Barrasso is among Capitol Hill’s most ardent critics of federal policies to slow greenhouse gas emissions; he has also taken aim at CIA climate programs and Environmental Protection Agency rules.

In early 2010 the SEC issued guidance that explains when existing rules for public companies require disclosure of climate-related matters.

The SEC said companies should provide information on how their business might be affected by existing and proposed climate laws and policies, as well as international agreements.

For instance, demand for goods that produce substantial amounts of greenhouse gas emissions could drop, while demand for products that help reduce emissions could rise, the SEC said when issuing the policy in January of 2010.

Companies should also disclose how changing environmental conditions could affect them, the SEC said.

Environmentalists and green investing advocates cheered the SEC disclosure policy.