Climate Change and SEC Disclosure Guidelines

In a seminal article published last year, Texas climate change lawyer Richard Faulk prophesied that the Securities and Exchange Commission would enable a wave of securities litigation based on climate change disclosure mandates. See http://works.bepress.com/richard_faulk/26/. On February 2, 2010, the prophecy was fulfilled when the SEC issued formal “Guidance Regarding Disclosure Related to Climate Change.” Faulk now provides his analysis of the documents and forecasts its impact on regulated companies.