Richard Moore backs a plan to use the market to address global warming.
The state treasurer and Democratic gubernatorial candidate announced today that he hopes to use the state's pension fund to invest in companies promoting energy efficient technology.
"As a large investor, North Carolina can help encourage the marketplace to support energy efficient opportunities that are also highly profitable," he said in a statement.
North Carolina joins a coalition of 50 U.S. and European institutional investors who are committing to investing $10 billion in so-called "clean technology" over the next two years.
The plan was announced at the Investor Summit on Climate Risk hosted by the Ceres coalition. Pension fund managers in California, Florida, Illinois and Pennsylvania also signed the plan.
The agreement does not commit any of North Carolina's money, since the goal is collective.
"It's not binding," said Ceres spokesman Peyton Fleming.
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Re: Moore announces global warming plan
Moore needs to sign a pledge NOT to spend a dime of taxpayer money on the silly notion of 'global warming', which is a MYTH perpetuated by thousands of bureaucrats and loiwyers so they can generate needless jobs!
When will all the goobernatorial candidates have a forum where the AUDIENCE can ASK THE QUESTIONS??? WHEN??? WRAL??? hello...