U.S. climate legislation tied up in Senate
UNITED NATIONS, Jan 14 (Reuters) - Global investors representing $13
trillion in assets called on the United States and other countries on
Thursday to adopt policies to fight climate change they said would unleash a
potential flood of private money into renewable and efficient energy.

"Without policies that create a stable investment environment our hands are
tied," Anne Stausboll, chief executive of the California Public Employees
Retirement System, a pension fund with more than $205 billion in assets,
said at a meeting called the Investor Summit on Climate Risk.

"We are ready and willing to up the ante to finance the transition to a low
carbon global economy but you need to have the courage to act," said Mindy
Lubber, the president of Ceres, a coalition of investors and
environmentalists which was hosting the meeting.

In India questions are also being asked about Pachauri's links with
GloriOil, a Houston, Texas-based oil technology company that specialises in
recovering extra oil from declining oil fields . Pachauri is listed as a
founder and scientific advisor.

Critics say it is odd for a man committed to decarbonising energy supplies
to be linked to an oil company.

http://www.reuters.com/article/idUSN...pe=marketsNews

Anyone smell another bubble forming ?

Best Regards

Tom.