We show that it is possible to equate the intensity reduction of a light wave caused by weak absorption with a geometrical reduction in intensity caused by a “transverse” conformal transformation of the spacetime metric in which the wave travels. We are consequently able to modify Gordon’s optical metric to account for electromagnetic properties of ponderable material whose properties include both refraction and absorption. Unlike refraction alone, however, including absorption requires a modification of the optical metric that depends on the eikonal of the wave itself. We derive the distance-redshift relation from the modified optical metric for Friedman-Lemaître-Robertson-Walker spacetimes whose cosmic fluid has associated refraction and absorption coefficients. We then fit the current supernovae data and provide an alternate explanation (other than dark energy) of the apparent acceleration of the Universe.