Some of the world’s largest institutional investors, have thrown their weight behind a call for the US - sent to President George Bush and members of Congress - to adopt a mandatory national policy for greenhouse gas reductions across the economy.
They have joined a coalition of companies, US trade unions and public pension funds established by Ceres and the Investor Network on Climate Risk which is calling for action in the US not only to meet the ambitious long-term cuts scientists say are needed to avert the worst impacts of climate change, but to allow business and investors to make investments with a long-term planning horizon.
Those backing these proposals – including senior figures at Allianz, F&C Asset Management and Merrill Lynch – also want to see the government assist the private sector in taking up low energy fuels and technology.
See full Article.
Posts
