Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors
Oil
and gas companies are doing a terrible job of disclosing climate and
deepwater drilling risks, even in light of the tragic Gulf of Mexico oil
spill, according to a new report.While companies are making extensive
capital investments related to climate change and deepwater drilling,
they are generally failing to adequately disclose the associated risks
in a manner consistent with US Securities and Exchange Commission’s
(SEC) rules and growing investor expectations, according to a report
co-authored by Boston-based investor coalition Ceres…Read more...
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