Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Investors call for action on global warming

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 08:13 PM
Original message
Investors call for action on global warming
Source: Guardian.UK

More than 180 of the world's largest investors, with collective assets of $13tn, put their combined weight behind a passionate call for strong US and international action on global warming in New York today.

"We cannot drag our feet on the issue of global climate change," said Thomas DiNapoli, who heads the $116.5bn New York state pension fund. "I am deeply concerned about the investor risks climate change presents, and the human cost of inaction is unthinkable."

The summit drew together managers of the world's leading investment funds, including those from HSBC, Henderson, Schroders, Socit Gnrale and Scottish Widows, and pensions funds from California public employees to the BBC and Church of England. It was aimed at overcoming entrenched opposition within the US and elsewhere to climate change legislation, by showcasing the scale of investor support for climate change action and the potential for mobilisation of private capital.

"For anybody who suggests that regulating carbon or acting on climate change is impractical, here is appropriate contradiction," said Mindy Lubber, the president of Ceres, the green investor network that helped organise the conference. However, she warned: "Investors are ready to put money into green tech, but they are not going to act until the government acts and makes clear that the right incentives are in the right place."

Read more: http://www.guardian.co.uk/business/2009/sep/16/investin...
Printer Friendly | Permalink |  | Top
excess_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 08:28 PM
Response to Original message
1. same old people, with their hand out, looking to tax the poor.
naturally, they won't lift a finger,
or spend a penny of their own money,
to build a zero emissions electric power plant.

(such a power plant doesn't have to be in the US, BTW)
Printer Friendly | Permalink |  | Top
 
DissedByBush Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 08:28 PM
Response to Original message
2. Translation:
We figured out a way to make a bunch of money off of global warming.

But we'll lose our shirts if the governments don't pass laws about it.

This isn't the first time people promoted government action in order to make money off of it.
Printer Friendly | Permalink |  | Top
 
Psephos Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 08:44 PM
Response to Reply #2
3. Sounds about right to me n/t
Printer Friendly | Permalink |  | Top
 
Frank Booth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 01:04 AM
Response to Reply #2
4. If it actually moves the government to do something productive, frankly I don't care
who's making money off it.
Printer Friendly | Permalink |  | Top
 
excess_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 02:16 AM
Response to Reply #4
5. they want to make money off you
they want to benefit by putting burdens on others

.........................................................................
learn about Senator Lugar's carbon-offset scam
http://lugar.senate.gov/press/record.cfm?id=296502
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Aug 27th 2014, 06:33 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC