£352 billion investor coalition calls on companies to use 100% renewable energy
Author: Emma Howard, Guardian (UK), Published on: 5 January 2016
"£352bn investors' coalition launched to push for clean energÿ", 9 Dec 2015
A new £352bn coalition of investors including large insurer Aviva and major public and private funds in the UK, Norway and France has been launched to put pressure on some of the world’s biggest corporations to clean up their electricity sources...Other members include the French public sector fund ERAFP, Norway’s largest private pension fund KLP and Strathclyde pension fund, one of the UK’s largest public pension funds...The investors will call on the biggest companies on the stock exchange to switch to using 100% renewable electricity, by making a public pledge to join the RE100 campaign, which works to increase corporate demand for clean energy...On Monday, Coca-Cola, the BMW Group as well as the publishing and educational multinational Pearson joined the 50 strong group of companies who have already made the commitment. Others include Google, Nike, Starbucks, Microsoft and Adobe...The launch of the investor initiative follows the announcement last week that more than 500 institutions worldwide worth $3.7tn have now committed to move their investments out of fossil fuels...