Former SEC Commissioner And Carbon Tracker Initiative Submit FASB Request On Climate Risk

A lot has been reported and discussed over the past few years on the concept of "unburnable carbon" and the digestion by capital markets of the inherent financial risks associated with climate change. There are myriad things to discuss on the topic, but for the moment I'd like to highlight something that was missed recently just before the holidays. A request to the Financial Accounting Standards Board (FASB) was submitted on December 10, 2013 by the Carbon Tracker Initiative and a former SEC commissioner arguing that financial disclosure of carbon content should be required for companies with significant fossil fuel reserves.  As the request states "As astute [carbon bubble] observers recognize, there is an increasing probability that some governments will embark on regulatory action to limit carbon dioxide release. Such action could have a major impact on the value of fossil fuel reserves as well as the capital investment in exploring and developing reserves. In our