Learn more about Environmental Law at Schiff Hardin. For more information, contact one of the following attorneys: Amy Antoniolli Kathleen C. Bassi Stephen J. Bonebrake Renee Cipriano Daniel J. Deeb Jeremy R. Hojnicki Bina Joshi Kathryn M. Long David M. Loring Jane E. Montgomery Joshua R. More Mary Ann Mullin Paul M. Previde Gabriel M. Rodriguez Andrew N. Sawula Sarah D. Youngblood Schiff Hardin Offices One Atlantic Center, Suite 2300 1201 West Peachtree Atlanta, GA 30309 225 Franklin Street, Suite 2600  Boston, MA 02110  233 S Wacker Drive Suite 6600 Chicago, IL 60606 One Westminster Place Suite 200 Lake Forest, IL 60045 900 Third Avenue New York, NY 10022 One Market Spear Street Tower 32nd Floor San Francisco, CA 94105 1666 K Street, NW Suite 300 Washington, DC 20006 - - - - - - - - - Join our mailing list. Forward this update to a friend or colleague. - - - - - - - - -

On February 2, 2010, the United States Securities and Exchange Commission ("SEC") published "interpretive guidance" to public companies regarding their disclosures concerning material risks that climate change might pose to their businesses. The guidance is intended to clarify what publicly traded companies must disclose to investors regarding the impacts that business and legal developments related to climate change may have on their businesses. The guidance does not create a new rule or legal obligation, but rather interprets existing rules. A copy of the guidance can be found here and a copy of our prior update summarizing the guidance can be found here.

RECENT ENVIRONMENTAL PUBLICATIONS

"USEPA Proposes Revised NO₂ Standards," Environmental Update (February 2, 2010)
"SEC Approves Interpretive Guidance on Climate Change Disclosures," Environmental Update (January 29, 2010)
Environmental Update (January 19, 2010)
"USEPA Proposes Stricter Ground-Level Ozone Standards," Environmental Update (January 13, 2010)

ABOUT SCHIFF HARDIN LLP

Schiff Hardin's diverse environmental practice advises clients engaged in a wide variety of industries and commercial endeavors such as electric generation, natural gas distribution and production, chemical manufacturing, auto and auto parts manufacturing, consumer goods manufacturing, real estate development and investments by financial institutions and equity investors.