Top Stories
Boston Business Journal on 07/11/08: Capturing the stealth power of energy efficiency
(Op-Ed by Mindy Lubber)
Federal forecasts predict America's appetite for electricity will grow in the next two decades by the equivalent of 650 new power plants. If we build all those plants, many of which would burn coal, we can forget about meeting even modest goals for reducing greenhouse gases and global warming. More
Responsible Investor on 07/08/08: Ceres: the US investor coalition advising the UN, lobbying the SEC and investing $10bn in renewables
Few environmental groups have both the influence to address the General Assembly of the United Nations on climate change issues and the investor clout to lobby the US Securities and Exchange Commission to push companies to disclose environmental financial risks and opportunities. More
Politico.com on 06/26/08: Climate Change Disclosures Gain Steam
Investors and some California state legislators are pressing the Securities and Exchange Commission to require full disclosure of the risk that global warming poses to corporations. The group includes Ceres, a network of environmental and investment groups, and the California Public Employees’ Retirement System. More
San Francisco Business Times on 06/09/08: Pension funds throw green weight around
CalPERS and CalSTRS already have $400 billion in economic muscle. Now they've got a green thumb, too. The state's two largest pension funds are taking steps to push, prod and otherwise cajole their portfolio companies to disclose the way global warming might affect their shareholders' investments. More
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Investors Praise Language in Senate Funding Bill Urging the SEC to Issue Guidance on Corporate Climate Risk Disclosure
July 18, 2008 - Following repeated calls by investors for the SEC to issue guidance for publicly-traded companies to assess and fully disclose their financial risks from climate change, the Senate Appropriations Committee has approved language in the Financial Services Appropriations bill calling on the SEC to issue such guidance. More
Investors, Environmental Groups Push the SEC to Require Full Corporate Climate Risk Disclosure
June 12, 2008 - A broad coalition of investors and major environmental groups today repeated their call to the U.S. Securities and Exchange Commission (SEC) to address the obligations of publicly-traded companies to assess and fully disclose the material economic opportunities and risks from climate change. More
Ceres Addresses United Nations General Assembly
June 9, 2008 - Ceres President Mindy Lubber delivered the keynote address at a special session of the United Nations General Assembly for a program on “Global Private Investments and Climate Change.” Watch the UN webcast (requires RealPlayer) Read the speech
Investors Praise California Senate Leaders for Passing Historic Climate Disclosure Bill
May 22, 2008 - U.S. and Canadian investors praised California Senate leaders for approving a measure which will result in the nation’s first state standard for voluntary climate risk disclosure by corporations. California Senate Bill 1550, “Corporations: climate risk disclosure”, was approved on the floor of the California State Senate today and now moves to the California Assembly for consideration. More
19 Institutional Investors with 91 Million Exxon Mobil Shares Pressure Oil Company on Global Warming and CEO/Board Chair Separation
May 21, 2008 - Nineteen institutional investors – including some of Exxon Mobil’s largest shareowners – with more than $740 billion in combined assets under management are voting next week in support of resolutions asking Exxon Mobil Corporation (NYSE: XOM) to address climate change risks and opportunities and separate the Chairman and CEO positions. More
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