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Searching for climate's Enron; plus China's Glasgow surprise


Searching for climate’s Enron; plus China’s Glasgow surprise
© Provided by 24/7 Wall St.
By David Callaway, Callaway Climate Insights
As the Securities and Exchange Commission prepares for its introduction of new climate and human capital disclosure laws this summer, it’s useful to consider the impact of its existing rules on preventing corporate fraud and warning investors.
In 
a new column, sent first to Callaway Climate Insights subscribers, 
Bill Sternberg points to a history of how companies have missed key disclosures that later tanked their stocks, even though they filed reports. From Wedtech, Enron and Theranos, to Carnival Corp. (CCL) last year just before Covid, history shows that it’s a rare report that sets off alarm bells in time for investors to react. ....

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