Companies slow to disclose financial costs of climate change: report

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U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global ...

REUTERS: U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody's Investors Service said in a report on Monday.

Those companies were a European utility and U.S. oil and gas company, the report said without giving names. Companies the credit ratings service used in its analysis have a combined US$877 billion of debt. They included Exxon Mobil Corp , Royal Dutch Shell Plc , Duke Energy Corp and Eletricite de France SA , among others.

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