Coal Giant Peabody Accused Of Misleading Investors About Climate Change Risks
New York state Attorney General Eric Schneiderman says coal giant Peabody Energy made false and misleading statements to investors about the financial risks it faces because of climate change.
As part of an agreement with Schneiderman’s office, the company has agreed to revise the disclosures it makes to investors about the risks in its quarterly report released today, and has promised to include the disclosures in future filings.