Tuesday, March 27, 2007

Remarks Before the Council of Institutional Investors


Commissioner Annette L. Nazareth, U.S. Securities and Exchange Commission

I am delighted to be here at the Council of Institutional Investors' 2007 Spring Meeting. I have been invited to speak at this conference several times, but unfortunately the schedule has always conflicted with my children's spring break from school. Had I known that CII would provide Al Gore as a warm-up act for my presentation, I gladly would have cancelled the family vacation earlier! Before I begin, let me remind you that my remarks represent my own views, and not necessarily those of the Commission, my fellow Commissioners, or members of the staff.1

Al Gore was an inspired choice as a speaker for this conference. He is a man who has been relentless in his efforts to raise our awareness of environmental issues, and in particular the critical issue of global warming. He stuck to his principles-guided by his passionate belief in the power of the data and by his internal moral compass, even when many ignored his message-and today we can thank him for perhaps the first steps in a long-delayed process of addressing this very important issue. While I would not say that maintaining the competitiveness of the U.S. capital markets is as important as preserving the planet for future generations, I do believe that we could all benefit from the same methodical and thoughtful analysis that Mr. Gore brought to "An Inconvenient Truth."

See full Speech.