Investors Push Senate To Enact Climate Change Bill

Law360, New York (May 21, 2008, 12:00 AM EDT) -- A group of investors that manages a combined $2.3 trillion in assets asked the U.S. Senate on Tuesday to enact strong climate change legislation and to push for specific guidance on what climate change risks companies should disclose.

In a letter to Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.), the investors called for a national climate policy to reduce U.S. greenhouse gas emissions by at least 60-90% below 1990 levels by 2050. This request is similar to reductions that would...
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