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Article

19 Aug 2002

Author:
UN Wire

CLIMATE CHANGE: Firms, Investors Fret Over Costs, Liability

the Times [New York Times] reported that companies are likely to face huge costs from climate change and could be sued by governments, investors and others if they fail to protect themselves against warming-related risks...Companies such as DuPont, BP and Ford have begun addressing climate change risk in annual reports and U.S. Securities and Exchange Commission filings, and Dow says it is set to release a social responsibility report in which it charts its greenhouse gas emissions reductions for the first time. The Times reports that Swiss Re is considering denying coverage to firms that do not address the problem