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  • Pension Funds Push Climate Change Laws Pension Funds Argue in Washington for Climate Change...

    03/20/2007 2:37:09 PM PDT · by Shermy · 30 replies · 606+ views
    AP ^ | March 19, 2007
    WASHINGTON - Large pension funds and companies called Monday for Congress to create a cap-and-trade system for curbing emissions of carbon dioxide and other gases blamed for global warming, the latest among several business-oriented groups to call for a national climate policy. The 65 signers of a letter to President Bush called for a 60 to 90 percent reduction of greenhouse gas emissions from 1990 levels by 2050, a goal that could require, among other changes, a major shift away from fossil fuels used to run power plants and automobiles. The letter promotes a market-based system that would give companies...