American businesses are reporting fewer challenges due to weather and climate events. Rather than celebrate the good news, on June 30, the Wall Street Journal presented a conspiracy theory that businesses are hiding the truth — against their own financial interests.

The Wall Street Journal analyzed more than 200,000 securities filings in the first half of 2024. It found filings containing terms related to droughts, floods, wildfires, and extreme heat declined 31% in the first five months of 2025 compared to the same period in 2024. Mentions of the term “climate change” also declined by 32%.

“Temperatures are higher than ever, but companies don’t want to talk about it,” read the headline of the article.

The article’s subtitle stated, “Businesses are divulging fewer details about the hazards of extreme weather,........

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