A coalition of 52 major public pension funds, asset managers and other institutional investors today called on the Senate to enact a national climate policy to reduce U.S. greenhouse gas emissions by at least 60% to 90% below 1990 levels over the next 42 years, according to a statement from the group, organized by Ceres and the Investor Network on Climate Risk.
The group includes Anne Stausboll, interim CIO of the $248.2 billion California Public Employees Retirement System; Jack Ehnes, CEO of the $164 billion California State Teachers Retirement System; Orin S. Kramer, chairman, New Jersey State Investment Council, which oversees the $78 billion New Jersey Division of Investment; Richard Moore, North Carolina state treasurer; and Jeb Spaulding, Vermont state treasurer, said Ceres spokesman Chris Fox.
Other members include Mike Johnston, executive vice president, Capital Group; Kevin Parker, global head, Deutsche Asset Management; L. John Doerr, partner, Kleiner Perkins Caufield & Byers; Rob O. Challis, global head of corporate responsibility, Man Group; Alain Grisay, CEO, F&C Investments; and Peter D. Kinder, president, KLD Research & Analytics.
A 12-page letter sent by the group today to Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Ky., urged the Senate to pass strong national climate legislation when it is brought to the Senate floor.
The letter mentions no specific legislation, but Mr. Fox said the groups request is similar to reductions called for in the Lieberman-Warner bill, expected to come up for debate in the full Senate in June.