[lbo-talk] Wall Street getting worried about climate change

[Steven L. Robinson]

Where are the insurance companies in all of this?  Given the claims that they have to pay out for hurricane damage one would think that they not only would wise up to the danger it poses their bottom line but - give their exposure -  but bankroll lobbying efforts to do something about it. SR

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> 
> 
> Bush Faces Wall Street Pressure on Global Warming (Update1) 
> 
> By Kim Chipman 
> 
> Sept. 28 (Bloomberg) -- The deadliest U.S. hurricane season in more 
> than a century has some Wall Street investors sounding like members 
> of the Sierra Club. 

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> 
> Responding to pressure from pension funds and other investors, 
> companies are factoring climate change into the risks and 
> opportunities faced by their businesses, according to the Carbon 
> Disclosure Project, a group of 155 institutional investors who 
> oversee $21 trillion. 
> 
> The group, which includes the California Public Employees' Retirement 
> System, the largest U.S. public pension fund, got 60 percent of the 
> largest U.S. companies to participate in its annual study, reporting 
> their emissions and their plans to reduce them. Calpers is among a 
> group of funds overseeing $3 trillion in assets that in April pledged 
> to invest $1 billion in companies that reduce greenhouse-gas 
> emissions. 
> 
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