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' Their plans, which they termed a "call to action," were announced
in conjunction with a meeting at the United Nations that brought together fund managers representing more than $1 trillion
in assets and representatives from numerous Wall Street banks and investment advisers. '
New York Times November 22, 2003
Pension Funds Plan to Press Global Warming as an Issue
By BARNABY J. FEDER
[found through a Google search by article title on the above
date]
Opening words--
Officials controlling some of the nation's largest pension funds announced plans yesterday
to press regulators, public companies and Wall Street to pay more heed to the potential financial upheaval from climate change.
They said that their effort would be coordinated through a new group, the Investor Network on Climate Risk.
"In global warming, we are facing an enormous risk to the U.S. economy and to retirement funds that Wall Street
has so far chosen to ignore," said Philip Angelides, the treasurer of California. ...
Copyright 2003 The New York Times Company
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