"Investors Worth $20 Trillion Urge Legally-Binding Climate Treaty"

"WASHINGTON, DC -- Hundreds of the world's largest investors, representing more than $20 trillion in assets, today encouraged governments and international policy makers to take new legally-enforceable steps to combat climate change at the upcoming UN climate summit in Durban, South Africa."

"The group of 285 investors issued a joint statement emphasizing the urgent need for policy action which stimulates private sector investment in climate change solutions, creates jobs, and ensures the long-term sustainability and stability of the world economic system.

The statement represents the largest group, by both number of signatories and assets under management, ever to call for policy action on climate change. Signatories to the statement include financial institutions, state treasurers, controllers, pension fund leaders, asset managers, insurance groups, faith groups and foundations worldwide."

Environment News Service had the story October 19, 2011.


Source: ENS, 10/20/2011