October 23, 2008

New York Attorney General to Announce Agreement With Major National Energy Company to Disclose Financial Risk of Climate Change to Investors

NEW YORK, Oct. 23 /PRNewswire-USNewswire/ -- The following is being issued by Environmental Defense:

WHAT: News conference featuring former Vice President Al Gore to announce New York Attorney General Andrew Cuomo's second binding and enforceable agreement with a major national energy company, Dynegy, requiring disclosure of financial risks that climate change poses to its investors. Attorney General Cuomo and Vice President Gore will discuss this agreement and the importance of this industry-wide precedent, both in terms of corporate transparency and responsibility, and the effort to fight global warming. Andrew Darrell, Vice President, Environmental Defense Fund (http://edf.org/page.cfm?tagID=907), a former associate at the law firm of Davis Polk and Wardwell, where he worked on Securities and Exchange Commission flings and 10k disclosure, will attend the news conference and is available to comment on the agreement.

WHY: Environmental Defense Fund filed a petition with Attorney General Cuomo in September 2007 in which a coalition, including the nation's largest institutional investors, requested clarifying guidance on the disclosure of materials risks related to climate change.

WHO: Andrew Darrell, Vice President, Environmental Defense Fund/Member, New York Mayor Michael Bloomberg's Sustainability Advisory Board/Member, former associate at the law firm of Davis Polk and Wardwell

WHEN: Thursday, October 23, 11 AM ET

WHERE: Robert F. Wagner, Jr. Park (located just northwest of Battery Park, off Battery Place), New York City

   CONTACT: Andy Darrell, (917) 912-3605-c, [email protected]   Sean Crowley, (202) 572-3331-w or (202) 550-6524-c, [email protected]    

Environmental Defense Fund, a leading national nonprofit organization, represents more than 500,000 members nationwide and 100,000 in California. Since 1967, Environmental Defense Fund has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems. For more information, visit http://www.edf.org/.

Environmental Defense

CONTACT: Andy Darrell, +1-917-912-3605-c, [email protected], or SeanCrowley, +1-202-572-3331-w, +1-202-550-6524-c, [email protected], both ofEnvironmental Defense

Web Site: http://www.edf.org/