Pension Funds Press Utilities To Go Zero-Carbon By 2050

Law360 (February 28, 2019, 2:57 PM EST) -- New York and California municipal pension funds headline a coalition of institutional investors that are urging the largest utilities and independent power producers in the U.S. to commit to zeroing out their carbon emissions by 2050.

A campaign launched Thursday by the Climate Majority Project, an investor climate change advocacy group, calls on the 20 largest, publicly traded electricity generators in the U.S. to commit within the next six months to net-zero emissions by 2050. So far, only one of those generators — Xcel Energy Inc. — has made the net-zero commitment.

Institutional investors signing onto the request include the New York State Common...

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