Fund could enter fray; Duo coaxing Calif. fund to back emissions plan.(News)(California)
Waste News, December, 2004 by Geiselman, Bruce
Byline: Bruce Geiselman California's chief financial officer is urging the California Public Employees Retirement System to use its clout as an investor to pressure automakers to comply with the state's new, stricter emissions standards designed to curb global warming. State Controller Steve Westly and CalPERS board member Sean Harrigan wrote a letter dated Nov.
22 to the other CalPERS board members asking them to urge carmakers to drop legal challenges to the state's recently adopted regulations. The new rules require automakers to meet tougher standards beginning in 2009 and reduce emissions of greenhouse gases by 30 percent by 2016. Westly and Harrigan said instead of investing in a legal battle, automakers should devote their resources to...
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