Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Gore, state officials laud CalPERS global warming efforts
Bakersfield Californian ^ | 2/14/05 | Don Thompson - AP

Posted on 02/14/2005 6:20:41 PM PST by NormsRevenge

SACRAMENTO (AP) - Former Vice President Al Gore joined statewide elected officials in predicting that decisions Monday by the nation's largest public pension system will boost worldwide efforts by companies to control gases believed to be contributing to global warming.

The actions by the California Public Employees' Retirement System come two days before the Kyoto Protocol takes effect, under which nations not including the United States have agreed to trim so-called "greenhouse gases" generated by industry and vehicles.

Democrat Gore sharply criticized the Republican Bush administration for not endorsing the international treaty, a stance he said gives California's activities "an outsized importance" because of the market impact of the nation's most populous state.

"The entire global business community has to sit up and take notice and respond" because of California's actions, Gore said. The $182 billion pension fund has $41 billion invested in foreign companies.

"California ... is providing the kind of leadership that the federal government in Washington has for the time being unfortunately abdicated," Gore told reporters during a conference call arranged by Democratic state Treasurer Phil Angelides.

White House spokeswoman Dana Perino said the treaty provisions would cost the United States a projected 4.9 million jobs and $395 billion annually, causing widespread opposition.

"We have a robust policy on climate change, and the president has been moving forward," Perino said, citing steps President Bush says will bring results with less economic damage.

Angelides, a likely challenger to Gov. Arnold Schwarzenegger's re-election next year, had pushed CalPERS to adopt the new "environmental governance program" to promote better corporate environmental practices. The fund now will nudge companies to publicly disclose the financial risks they face from climate change over the coming decades, and the steps they are taking in response.

"This is not just an environmental issue, but a significant issue that will begin to show up on the balance sheets of companies in which we invest," Angelides said. He cited projections that adapting to climate change will cost companies hundreds of billions of dollars over decades.

Monday's move was the final piece of Angelides' "Green Wave" program that also saw the pension plan invest $700 million in clean technology and environmentally oriented stocks and mutual funds last year. The plan in December also set a goal for its real estate holdings to cut their energy use by 20 percent.

Angelides sits on the pension fund's board, as does state Controller Steve Westly.

Westly promoted a separate initiative adopted Monday to focus investor attention on automakers and support shareholder efforts to force them to develop cleaner cars.

That move came after the auto industry declined to send representatives to defend manufacturers' legal challenge to the greenhouse gas emissions standards California adopted in December.

---

On the Net:

CalPERS: www.calpers.ca.gov


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government; Politics/Elections; US: California
KEYWORDS: climatechange; gore; govwatch; kyoto
GOREbal warming


1 posted on 02/14/2005 6:20:42 PM PST by NormsRevenge
[ Post Reply | Private Reply | View Replies]

Whay is aRnold's position on global warming and Kyoto?

just curious.


2 posted on 02/14/2005 6:21:53 PM PST by NormsRevenge (Semper Fi ...... The War on Terrorism is the ultimate 'faith-based' initiative.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge; Carry_Okie; SierraWasp; calcowgirl; hedgetrimmer; marsh2; GVgirl; DoughtyOne

Sigh.


3 posted on 02/14/2005 6:22:06 PM PST by farmfriend ( Congratulations. You are everything we've come to expect from years of government training.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

If Algore is so worried about global warming maybe he should shut up for the next decade. That will curb the hot air emissions immeasurably.


4 posted on 02/14/2005 6:22:37 PM PST by infidel29 (America is GREAT because she is GOOD, the moment she ceases to be GOOD, she ceases to be GREAT- B.F.)
[ Post Reply | Private Reply | To 1 | View Replies]

What=Whay


5 posted on 02/14/2005 6:22:50 PM PST by NormsRevenge (Semper Fi ...... The War on Terrorism is the ultimate 'faith-based' initiative.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge

As I have said at other times on this forum, we are kidding ourselves if we think Kyoto isn't alive and well within the United States. I maintain that a number of states have quietly enacted Kyoto protocols so that they are in compliance. Do I have stats to prove it? No. I still maintain that it is true.


6 posted on 02/14/2005 6:25:18 PM PST by DoughtyOne (US socialist liberalism would be dead without the help of politicians who claim to be conservative.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
"California ... is providing the kind of leadership that the federal government in Washington has for the time being unfortunately abdicated," Gore told reporters during a conference call arranged by Democratic state Treasurer Phil Angelides.

Couldn't happen to a nicer bunch of "me first" marroons.
I know that if the rank and file had a voice in the matter, it would overwhelmingly be defeated.
The administrators better be long gone, before the results of this boondogle become apparent; and the lawmakers better not manipulate laws to make this fraud at worse, pipe dream at best appear reasonable.

7 posted on 02/14/2005 6:32:16 PM PST by Publius6961
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
The fund now will nudge companies to publicly disclose the financial risks they face from climate change over the coming decades, and the steps they are taking in response.

"This is not just an environmental issue, but a significant issue that will begin to show up on the balance sheets of companies in which we invest," Angelides said. He cited projections that adapting to climate change will cost companies hundreds of billions of dollars over decades.

Unless it ends up costing Calpers millions in loses when companies which accept the fraud spend hundreds of millions needlessly.
Will I rather buy from a company that sells for more because of the cost of a mythical global warming panic?

Not in this lifetime!

8 posted on 02/14/2005 6:37:28 PM PST by Publius6961
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge; Carry_Okie
Whay is aRnold's position on global warming and Kyoto?

He's a true believer.

From Arnold's Environmental Platform:

"I will direct the California Energy Commission and California Environmental Protection Agency to ensure that California's fuel marketplace offers producers and consumers a real choice of fuels that are more plentiful, cost-effective and at the same time reduce harmful pollutants and greenhouse gasses. "
For Carry_Okie's excellent analysis of Arnold's platform (as written by RF Kennedy, JR.), Go HERE.
9 posted on 02/14/2005 6:43:40 PM PST by calcowgirl
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge
"The entire global business community has to sit up and take notice and respond" because of California's actions, Gore said. The $182 billion pension fund has $41 billion invested in foreign companies.

What do they care if they are good investments or not.If the fund loses money every municipality,towns,schools,counties will just increase local taxes to make up the shortfall.This is all for show.

Al Gore is starting a "green" mutual fund.Someone should check if California steers money his way.
Conflict of interest speaking at this announcement?Al Gore`s Socially Responsible Mutual Fund

10 posted on 02/14/2005 6:51:39 PM PST by carlr
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Great cartoon! Love the tongue stuck to the microphone!


11 posted on 02/14/2005 6:54:33 PM PST by Theresawithanh (2005! My resolution: FReep even MORE this year!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theresawithanh

That's from a little over a year ago when eGore went to NYC to deliver a speech about global warming,,

It was the coldest day of the winter in NYC, if I recall correctly..

and some folks say God doesn't have a sense of humor. ;-)


12 posted on 02/14/2005 6:56:48 PM PST by NormsRevenge (Semper Fi ...... The War on Terrorism is the ultimate 'faith-based' initiative.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: NormsRevenge

No WAY GORE CAN CONTROL GAS!


13 posted on 02/14/2005 7:52:04 PM PST by -=Wing_0_Walker=-
[ Post Reply | Private Reply | To 1 | View Replies]

To: farmfriend
"The entire global business community has to sit up and take notice and respond" because of California's actions, Gore said.

Still a legend in his own mind.

14 posted on 02/15/2005 4:41:47 AM PST by GVnana (If I had a Buckhead moment would I know it?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: GVgirl

"The entire global business community has to sit up and take notice and respond" because of California's actions, Gore said.

Still a legend in his own mind.






There are no shortage of such folks.

btw, What does the Gub support when it comes to the global warming/GReen side of the street?

Was that even discussed last weekend or is that side of things on autopilot under RFK Jr. control?


What about all the jobs jobs jobs lost lost lost as this king of crap is forced down folks throats and passed off to the unwitting masses of sheople as .

Is this what the new unified CA GOP supports as well? wow.


15 posted on 02/15/2005 6:25:26 AM PST by NormsRevenge (Semper Fi ...... The War on Terrorism is the ultimate 'faith-based' initiative.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: NormsRevenge
is that side of things on autopilot under RFK Jr. control?

I really wouldn't know, but I suspect you have an opinion.

16 posted on 02/15/2005 6:46:44 AM PST by GVnana (If I had a Buckhead moment would I know it?)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Publius6961
The corporate reports should read something like this:

"'Global warming' is an unproven scare tactic, and unless sufficient numbers of states drink Kalifornia's Marxist Kool-Aid, we face no legislative risk associated with this 'issue'. The steps taken to remediate as much as possible this risk will be to phase out operations in states with legislatures having sufficient degrees of cranial rectal insertion to enact Kyoto-like laws, while confining expansion to states whose governments understand the principles upon which this nation was founded."

17 posted on 02/15/2005 3:31:06 PM PST by Still Thinking (Disregard the law of unintended consequences at your own risk.)
[ Post Reply | Private Reply | To 8 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson