Congressional Republicans are unhappy. On Tuesday, Rep. Joe Barton, R-Texas, the ranking member of the U.S. House Energy and Commerce Committee, wrote the SEC that the guidance was "transparently political" and "a breathtaking waste of the commission's resources."
A company may face decreased demand for goods that produce significant greenhouse-gas emissions or higher demand for goods that lower greenhouse-gas emissions, the SEC noted. As a result, companies should consider disclosing any such effects due to new regulatory or business trends, the SEC said. The SEC also said that companies should consider disclosing the effects on their business stemming from international climate accords.
Copyright (c) 2010, Dow Jones. For more information about Dow Jones' services for advisors, please click here.