Ceres Investor Summit Gets Great Press CoverageJanuary 18, 2012 by Sally Farhat Kassab
Climate change creates enormous economic risks, but investors know it also represents one of the great financial opportunities of our time. And they are not waiting for governments to start moving on their own toward action. That was the key message as 450 global investors controlling tens of trillions from four continents gathered recently at the United Nations for the Investor Summit on Climate Risk & Energy Solutions, put on by Skoll Awardee Ceres. Skoll Foundation CEO Sally Osberg was in attendance.
Carl Pope writes in the Huffington Post that good news came from “AFL-CIO President Richard Trumka, who pledged organized labor ‘ to work together with others to shape a process for how we are going to address climate risk by putting America back to work, how we are going to build a smart grid and retool our vehicle fleet, catch up with our foreign competitors on high speed rail and wind and solar, retrofit coal plants and commercial buildings and modernize industry….’”
“The US overtook China to regain top position as the world’s leading investor in ‘clean’ energy last year, thanks to the Obama administration’s subsidy programme, according to Bloomberg New Energy Finance, a research company.
Mindy Lubber, president of Ceres, the socially and environmentally focused investor network that organised the meeting, said: ‘There’s been real progress by investors, but it’s only a start … The prospect of more and more of these catastrophic events should shock the world and should clearly shock investors whose job is to protect the security of those entrusting their money to you.’”