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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.