Could global warming burn your portfolio?
From the Wall Street Journal Online
As climate change emerges as a hot topic in corporate boardrooms and on the political stage, investors are scrambling to figure out how the reams of newly available data about companies'"carbon footprints" and other environmental risks should influence their investment decisions.
Several tools may help investors sort out the future winners from the losers. On Monday, former President Bill Clinton will release the results of the 2007 Carbon Disclosure Project, a survey requesting data from 2,400 public companies on how they manage climate-change risk.
The report -- accompanied by online materials cataloging hundreds of companies' self-reported carbon emissions and energy costs -- was conducted for more than 300 institutional investors, including Goldman Sachs Group Inc. and Calpers, the California pension fund....MORE