Investors urge government to tackle climate change – for business' sake

Mon, 2007-03-26 10:53Bill Miller
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Investors urge government to tackle climate change – for business' sake

Revenue from clean-energy companies worldwide increased nearly 39% to $55.4 billion last year, according to a report by Clean Edge, a technology research firm in California. By 2016, the collective revenue of such companies could reach $226.5 billion.

Among the 65 companies that comprised the coalition were Allianz AG in Munich, Germany, the California Public Employees Retirement System in Sacramento, Domini Social Investments LLC in New York, F&C Asset Management PLC in London, Merrill Lynch & Co. Inc. in New York, The Calvert Group Ltd. in Bethesda, Md. and Walden Asset Management in Boston.

The coalition called for three specific steps from government : A market-based national policy that will achieve a 60% to 90% long-term decrease of greenhouse gas emissions; realignment of national incentives to stimulate new clean technologies; and clarification of company disclosure requirements from the SEC.

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This is a guest post by David Suzuki.

The Amazon rainforest is magnificent. Watching programs about it, we’re amazed by brilliant parrots and toucans, tapirs, anacondas and jaguars. But if you ever go there expecting to be overwhelmed by a dazzling blur of activity, you’ll be disappointed. The jungle has plenty of vegetation — hanging vines, enormous trees, bromeliads and more — and a cacophony of insects and frogs. But much of the activity goes on at night or high up in the canopy.

Films of tropical forests don’t accurately reflect the reality of the ecosystems....

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