CALIFORNIA PENSION FUND MAY PRESS AUTO INDUSTRY TO SKIP CLIMATE SUIT

December 2, 2004
Key members of the board overseeing California's employee pension fund are urging fellow board members to convince the auto industry to avoid an expected lawsuit over the state's groundbreaking new climate change standards, using the leverage from the board's $838 million investment in the industry. The move could lead to a broader campaign among other investment groups to back shareholder resolutions asking the auto industry to address greenhouse gas emissions from cars on the road. Two key state financial officials...


Not a subscriber? Sign up for 30 days free access to exclusive environmental policy reporting.