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Wednesday, November 17, 2010

International investors issue global warming warning

"A group of international investors responsible for more than $15 trillion in assets called Tuesday for the world's nations, particularly the United States, to move decisively to combat climate change or face economic disruptions worse than the global recession of the last two years.

"The statement, signed by 259 asset managers and asset owners whose holdings account for one-quarter of global capitalization, was aimed at world leaders who will meet in two weeks in Cancun, Mexico, for a United Nations conference on climate change."

Full story http://www.latimes.com/business/la-fi-climate-financiers-20101117,0,6204171.story