Too many corporations are hiding environmental liabilities from their shareowners, according to the Rose Foundation, an Oakland-based environmental advocate. Corporate underreporting persists due to a lack of will to fix the problem, says the foundation.
"You could drive a truckload of toxic waste through gaps in SEC environmental disclosure regulations,†says Tim Little, executive director and co-founder of the Rose Foundation. The group has petitioned the SEC to close the loopholes, according to SocialFunds.com