Read the full story at Climatewire.
The fear of being sued for contributing to climate change was once confined to the boardrooms of oil and gas companies. Now those concerns are spreading to other corporations as the Biden administration prepares to release regulations that could expose the polluting liabilities of every large firm in the United States.
More than a dozen companies outside of the oil industry have disclosed climate-change-related legal risks to investors over the last three years, indicating what experts say is a growing sensitivity among businesses to the prospect of facing legal challenges for releasing large amounts of carbon dioxide into the atmosphere. They include American defense contractor Lockheed Martin Corp., Brazilian financial services giant Itaú Unibanco Holding SA and China Eastern Airlines Corp. Ltd.
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