Legal Questions

Most likely, you’ve heard of Sarbanes-Oxley Act, which requires companies to disclose to investors any business risks facing the company.  Now there’s a new hybrid — Carbox — which refers to a company’s obligation under SOX to disclose a new type of business risk:  the cost of emissions.  As Forbes reports, with climate change legislation likely regardless of which presidential candidate wins, companies may soon be required to comply with limits on carbon emissions.  Companies that exceed these emission caps may face added costs, either in the form of fines for non-compliance or added expenses associated with the purchase of offsets or investment in new technology to reduce emissions. 

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