Investors Call for Continued Support of Paris Climate Agreement
January 11, 2017 // Boston, MA – In November 2016, Trillium Asset Management joined over 300 investors and companies as signatories of the “Business Backs Low-Carbon USA” letter urging the incoming administration and elected leaders to support the Paris Climate Agreement and public policy helping to advance a low-carbon economy. Yesterday, ahead of the incoming administration, the statement was re-released after the number of signatories grew to 637 investors and companies.
The letter calls for U.S. leaders to support the following:
“With tens of billions of dollars of U.S. renewable energy investment in the works this year alone, and far more globally, the question for American political leadership is whether they want to harness this momentum and potential for economic growth,” said Jonas Kron, Senior Vice President at Trillium. “It is critically important to realize this is an opportunity that state policymakers can take advantage of, too, not just national leaders.”
At Trillium, we recognize that climate change is the defining investment issue of our time. For several years, we have worked alongside other concerned investors to improve public policy and legislation on climate change. For example, in April 2016, Trillium, NEI Investments, Ceres, CalSTRS, and the Interfaith Center on Corporate Responsibility (ICCR) released a statement representing $3.6 trillion in assets under management supporting U.S. and Canadian commitments to limiting methane emissions from the oil and gas sector. In March 2016, both nations pledged to reduce oil and gas methane pollution by 40 to 45 percent over the next decade, and to put forth standards to achieve this goal.
We continue to support policies that curb climate change and stand alongside hundreds of other companies, businesses, and investors calling for a Low-Carbon USA.
Read the full statement of support here: http://lowcarbonusa.org/