Monday, March 31, 2008

Shareholders of major corporations willing to bite the hand that feeds them if necessary to protect future investments from Climate Change

Photo Source: Click here

Investor Network on Climate Risk reported on their website that

as of March 6, 2008, leading U.S. investors have filed a record 54 global warming shareholder resolutions with U.S. companies that face far-reaching business impacts from climate change. The resolutions are nearly double the number filed just two years ago.

This is sugnificant because the shareholders include were filed by some of the nation's largest public pension funds, as well as labor, foundation, religious and other institutional investors.

They have not been happy with the "business as usual" approach that the American companies have been conducting and are ready to bite the hand that feeds them if necessary.

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