In a January 27 vote – split three-to-two along party lines – SEC Commissioners approved interpretive guidance on rules requiring companies to disclose potential impacts of climate change on their bottom lines. The move was prompted by a petition filed in September 2007 by Environmental Defense Fund – Finding the Ways That Work and Ceres. The petition was backed by institutional investors with $1.5 trillion in assets, including treasurers from California, Florida, and New York, among others.
Today CWR takes you to a conference at the intersection between climate change and transportation held last week at the University of Massachusetts, Amherst. There, climate scientists, engineers, government officials and activists gathered for a “Climate Change Think Tank” to brainstorm solutions to the problem of transport accounting for some 30 percent of carbon emissions. CWR co-hosts Francesca Rheannon and Bill Baue spoke with Representative John Olver, chair of the House Appropriations Sub-committee on Transportation; Paul Brubaker, head of the US Department of Transportation Research and Innovation Technology Administration; Michael Replogle of Environmental Defense Fund; and Jeff Brown of RideBuzz.org, a regional ride-sharing initiative.
–Senate Debates Climate Bill, US Companies Prepare for Carbon Price–culled from the following sources: US power firms risk value hit over climate
Deutsche Bank raises 2008 EUA forecast to 40 euros
Senate to take up climate bill
Bush would veto U.S. climate change bill
US emissions bill a “first step”: UN climate chief
—Chevron profits shadowed by human rights complaints
CWR Greenwash Exposé Headline:
—ING Video Trumpets Green Initiatives, Omits Opposition of Climate and Toxics Resolutions