The agency is considering what measures it will take as part of President Obama’s Climate Action Plan – Strategy to Reduce Methane Emissions.
- Methane emissions are a serious climate problem.
- There are cost-effective solutions that will dramatically cut emissions now.
- It is insufficient to rely solely on voluntary initiatives and state-level action.
- Methane policy can reduce risk and create long-term value for investors and the economy.
Methane is a highly potent greenhouse gas — at least 84 times more powerful than carbon dioxide over a 20-year time period. This poses a risk to the climate and, in turn, economic stability and investment opportunities, the investors say.
Signatories of the letter include: New York City comptroller Scott Stringer, Trillium Asset Management, F&C Investments, Pax World Management, Portfolio 21, Arjuna Capital, Christopher Reynolds Foundation, Domini Social Investments, First Affirmative Financial Network, Calvert Investment Management, Friends Fiduciary Corporation, Miller/Howard Investments, Nathan Cummings Foundation, Tri-State Coalition for Responsible Investment, Domini Social Investments, Mercy Investment Services, Daughters of Charity, Province of St Louise, Mercy Health (formerly Catholic Health Partners), and Walden Asset Management.