28 January 2009

U.S. investors call for green incentives

United Press International, Jan. 27, 2009 at 2:42 PM

WASHINGTON -- A group of 44 U.S. investors is calling on Congress for green economy incentives.

The investors manage more than $1.7 trillion in assets and want more opportunities to invest in energy efficiency, clean energy and clean transportation.

The group wants Congress to include those green investment opportunities in the economic stimulus bill currently being reviewed.

The investors sent a letter to the U.S. House and Senate leaders and the Obama administration, asking for the renewable energy production tax credit to be extended and for federal funding for programs to retrofit buildings to be energy efficient and to make the nation's power grid more efficient.

The letter was coordinated by Ceres and the Investor Network on Climate Risk and signed by investors including Deutsche Asset Management, F&C Asset Management, the California Public Employees' Retirement System, New York State Comptroller's Office, California State Teachers' Retirement System, Florida State Treasury and New York City Comptroller's Office.

"The economic downturn provides a historic opportunity for government to take charge of the fight against climate change rather than being a reason to put off action," said Kevin Parker, global head of Deutsche Asset Management.

© 2009 United Press International, Inc. All Rights Reserved.

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1 comment:

Ron Robins said...

The US is, and will, continue to spend big on green

Lots of green energy and infrastructure development also means huge sums being spent on the products and services of green companies. So, as I'm sure you realize, stocks of these companies could benefit significantly in the years ahead.

For anyone interested in green and socially responsible investing, I have one of the most popular sites on the web on these subjects. My site also covers the latest related global news and research too. It's at www.investingforthesoul.com

Best wishes, Ron Robins