(Coauthored by Jay Shimshack, Associate Professor of public policy and economics at the University of Virginia) Environmental information disclosure and environmental transparency programs seem virtually ubiquitous in the business world. Consumers, employees, investors, activists, regulators and the general public regularly encounter product-level hazard warnings, read eco-labels, hear about firms' carbon emissions, and listen to the media debate the latest NGO-sponsored green company rankings. The programs that produce this environmental information may be inexpensive, politically expedie...