Peabody Energy agrees to greater disclosures of financial risks

Peabody Energy, the world’s biggest private coal company, has agreed to make more robust disclosures to its investors about the financial risks it faces from future government policies and regulations related to climate change and other environmental issues that could reduce demand for its product.

The St. Louis-based company's agreement comes two years after New York Attorney General Eric Schneiderman launched an investigation into Peabody, saying it had not disclosed threats to its business that the company projected in private.

The agreement is expected to be formally announced today.

Read more from The New York Times.