Sen. Warren Proposes SEC Crackdown On Oil & Gas

Oil and gas companies could face greater regulatory pressure to disclose their financial risks to climate change in a Democratic administration. Senator Elizabeth Warren (D-MA) reintroduced legislation this week that would require publicly-traded companies to report their risks related to climate change. The Climate Risk Disclosure Act would direct the Securities and Exchange Commission (SEC) to issue new rules on reporting requirements, forcing oil and gas companies to report their exposure to climate change itself, but also to disclose their…