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20 September 2006 -- Climate change has become a major concern among leading US financial institutions and companies, according to a report issued Sept. 18 by the Carbon Disclosure Project (CDP), a coalition of global investors with more than $31.5 trillion in assets. The report was released at an event hosted by Merrill Lynch and held at their headquarters in New York.
International utilities named to the list were RWE, CLP Holdings, Kansai Electric Power, Iberdrola and Scottish Power. German power producer RWE was honored for its appearance for the first time on the list and its plans in constructing the first CO2-free power plant with 450 MW capacity.
North American companies making the list were FPL Group, Entergy Corp., Exelon and American Electric Power for their efforts to reduce greenhouse gas emissions. FPL was praised in the report for achieving an estimated 25 percent efficiency improvement.
Win Neuger, CEO of AIG Global Investment Group (AIGGIG) said: "As an investor, we must actively manage the risks and opportunities related to climate change and other environmental trends. The information gathered by the CDP helps us do this. On the opportunity side, AIGGIG is allocating new private equity to GHG mitigating investments."
The Carbon Disclosure Project is a special project of Rockefeller Philanthropy Advisors in New York. Full details on CDP, the CDP reports and the responses from corporations can be found at www.cdproject.net.
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