Investors representing over $15 trillion call for U.S., international action on climate change on Environmental Expert
The world's largest global investors have a powerful message for climate negotiators in Cancun and the new U.S. Congress: take action now in the fight against global warming or risk economic disruptions far more severe than the recent financial crisis.
Citing potential climate-related GDP losses of up to 20 percent by 2050 and the economic benefits of shifting to low-carbon and resource-efficient economies, investors released a major statement today calling for national and international policies that will spur private investment into low-carbon technologies.
The statement was signed by 259 investors from North America, Europe, Asia, Australia, Latin America and Africa with collective assets totaling over $15 trillion--more than one-quarter of global capitalization. Signatories included Allianz, HSBC, APG and a dozen U.S. public pension funds and state treasurers. It is the largest-ever group of investors to call for government action on climate change.
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6 comments:
So let me guess . . . these fools got sucked into buying greenie crap before Copenhagen, thinking they'd all get rich off the Great Global Warming Scam, but now realize they have to blackmail the world to cover up their bad management.
Business is soooooooooo cool!
Eco-Extortion:
It's not just for Greenpeace anymore.
Ceres is Soros backed-what is not these days? He is equity partner. Ceres division INCR as stated represents $9 trillion. Ceres also backs movement to drastically cut use of electricity in the evil US.
Those bankers are simply saying, "we already have $15 trillion, we want it to become $30 trillion through more carbon cap and trade, more carbon finance and lending."
Rent-seeking sleaze.
They can go to hell.
As a small time investor, I have money in some of these. I will have to pull my money out. They are either dishonest and joining the scam, or stupid and not willing to look out their windows. Either way, they will loose money on this. Evidence ; just look at any "Green" enterprise, for example GE
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