States, Investors Pledge $10B To Energy Efficiency

Law360, New York (February 19, 2008, 12:00 AM EST) -- A group — made up of almost 50 American and European pension funds, state and local comptrollers, financial firms and foundations that control some $1.75 trillion in total assets — has agreed to funnel close to $10 billion toward enhancing energy efficiency and encouraging green technology.

The coalition of leading institutional investors set out a climate change action plan that pledged to urge investors, industries and regulators to become more environmentally friendly after a daylong summit at the United Nations last week.

The group's plan of...
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