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The announcement last week that the Securities and Exchange Commission will provide "guidance" encouraging companies to disclose the effects of climate change on their businesses has increased the urgency for companies to evaluate their practices and re-examine the accuracy of the disclosures. "This will be end up the de facto equivalent of passing a specific rule regarding climate change issues without going through the procedural delays and complications involved in issuing a new rule," says Richard O. Faulk, head of the Environmental Practice Group at Gardere Wynne Sewell. Interestingly, the news was followed by an announcement that the government will reduce its greenhouse gas emissions by 28 percent over the next decade. "That is ambitious, especially as there is no clear, reliable and affordable plan to achieve the cuts." To interview Mr. Faulk, contact Rhonda Reddick at 800-559-4534 or rhonda@androvett.com.