Power Company To Warn Investors On Business Risks Posed By Coal

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Dynegy Inc., a major owner of coal-burning
power plants, has agreed to divulge to investors the risks of global warming,
an unnatural process fueled in part by coal power.

New York Attorney
General Andrew Cuomo has announced
that the Dynegy energy company agreed
to include detailed information in its financial reports about business risks
posed by climate change and the future of a carbon economy.

Relevant business risks may include educating investors
about potential government regulations that would limit coal emissions, or
divulgence that the company could be sued over pollution levels that contribute
to global warming, according to a press release.

“We’re going to continue doing what we’re doing,” said
Dynegy spokesman David Byford. “To the extent that we identify material risks
related to climate change, we’ll disclose them as we do other material risks.”

This summer, Xcel Energy Inc. made a similar pledge to New York’s attorney
general, who has urged other power companies to follow the example of Dynegy
and Xcel.

Former Vice President Al Gore was in New York alongside Attorney General Cuomo
for the announcement, calling the disclosure requirement “a new model to combat
global warming.”

 

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