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Dissenting Commissioner Troy Paredes notes the potential confusion that could result from having firms speculate on the "physical effects of climate change, such as effects on the severity of weather (for example, floods or hurricanes), sea levels, the arability of farmland, and water availability and quality" and harms to their reputation because of the public perception of data relating to its greenhouse gas emissions.
FORBES: The SEC, Global Warming and The First Amendment
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In 2010, the U.S. Securities and Exchange Commission required publicly traded companies to disclose to their investors all financially material climate-related risks, including those linked to water availability and quality.
FORBES: A New Tool To Manage Companies' Growing Water Risks
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And climate change has already started to profoundly impact the availability, distribution, and quality of water.
FORBES: World Water Day 2013: Water as a Catalyst for Peace