Investment in Clean technology

US and British institutional investors who collectively manage over $3 trillion in assets pledged on Tuesday to invest $1 billion in clean energy companies in an effort to reduce risks posed by climate change. Institutional investors, including state treasurers from Connecticut and California, labor pension funds, and British pension funds, pledged to make the investment at the Institutional Investor Summit on Climate Risk. The combination of oil prices trading at over $50 a barrel and growing concerns about possible future US regulations on carbon emissions make it a good time to invest in clean energy and that investments could soon well exceed Tuesday’s pledge.
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