SEC

Big Oil and Gas Companies Failing to Inform Investors of Deepwater Drilling and Climate Change Risks

New Ceres Report Finds Disclosure by Exxon, Other Industry Giants Lacking; Reporting Rules Also Need Bolstering
Press Release

(3BL Media) Boston - August 2, 2012 Deepwater oil drilling in all corners of the world. Hydraulic fracturing for gas and oil across the U.S. Proliferating oil sands production in Canada.

Major Investors Urge Oil Spill Commission to Seek SEC-Required Disclosure of Offshore Drilling Risks

Greater Transparency Essential for Investors to Gauge Whether Industry Is Addressing Material Risks Exposed by BP Gulf Spill
Summary: 

The Securities and Exchange Commission should play a critical role in requiring oil companies to boost their public disclosure of material financial risks they face from offshore oil drilling projects. To that end, a group of leading U.S. investors has asked the national commission investigating the Gulf of Mexico oil spill to recommend development of new disclosure guidance from the SEC for energy companies involved in ever-increasing deepwater drilling activity globally.

Press Release

The Securities and Exchange Commission should play a critical role in requiring oil companies to boost their public disclosure of material financial risks they face from offshore oil drilling projects. To that end, a group of leading U.S. investors has asked the national commission investigating the Gulf of Mexico oil spill to recommend development of new disclosure guidance from the SEC for energy companies involved in ever-increasing deepwater drilling activity globally.

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