Peabody Energy, the world's biggest private-sector coal company, said on Monday it had reached a resolution with the New York state Attorney General's office regarding the company's statements to investors and the public about the financial risks from climate change and potential regulatory responses.

The company agreed to revise its shareholder disclosures with the Securities and Exchange Commission to describe possible future reductions in projected demand for coal.

There is no other action associated with the settlement, St. Louis-based Peabody said, adding "no admission or denial of wrongdoing and no financial penalty."

State Attorney General Eric Schneiderman said, "As a publicly traded company whose core business generates massive amounts of carbon emissions, Peabody Energy has a responsibility to be honest with its investors and the public about the risks posed by climate change, now and in the future."

Exxon Mobil Corp. received a subpoena from the New York attorney general's office seeking information about the company's research on and response to climate change over several decades, the company said Thursday.

Copyright 2015, the Associated Press

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(END) Dow Jones Newswires

November 09, 2015 22:55 ET (03:55 GMT)