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Keyword: stepaway

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  • Funds step away on climate change issues

    04/25/2007 9:02:15 PM PDT · by NormsRevenge · 2 replies · 208+ views
    AP on Yahoo ^ | 4/25/07 | Tim Paradis - ap
    NEW YORK - Investors pressing companies to say more about the possible financial effects of global warming haven't found an ally in large mutual funds. While global climate change appears to be drawing more attention in the United States from lawmakers and businesses, no large mutual fund companies voted in 2006 to support shareholder resolutions seeking added disclosures about the possible financial effects of global warming. The 28 investment houses that run the country's 100 largest mutual funds either abstained from or opposed the handful of resolutions that reached a vote last year, according to data compiled by Institutional Shareholder...