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Senators McCain and Lieberman Actively Seeking Vehicle for Climate Vote

Sens. John McCain (R-Ariz.) and Joe Lieberman (D-Conn.) reintroduced their plan for a nationwide plan to regulate carbon dioxide (CO2) emissions yesterday, with McCain pledging to go after a vote on the measure within the first legislative vehicle he can find. “Senator Lieberman and I will not give up on this issue,” said McCain, noting that many of his Senate colleagues are taking a fresh look at global warming as the topic becomes more mainstream. “We can no longer afford to simply gather data and publish reports,” he said, alleging “almost criminal inaction” by the Bush administration. “We can see with our own eyes what global warming is doing,” Lieberman said. “We’ve got to engage the American people more.” McCain said he will try to offer the measure as an amendment with the “first opportunity possible.” The McCain-Lieberman measure was defeated 43-55 last year and Republican gains in the November elections may further decrease the bill’s chances this year. Nonetheless, Lieberman said he and McCain plan on traveling around the country to educate the American public about global warming, with a series of “open meetings.” And support from some senators who previously opposed the bill is another possibility. Senate Commerce […]

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Pax World Fund to Go Carbon Neutral

Estimated 360 Tons of Carbon Pollution to Be Offset Pax World Management Corp., advisor to the socially and environmentally responsible Pax World Funds family, announced it has joined the Chicago Climate Exchange(R) (CCX), a voluntary, multi-sector market for reducing and trading greenhouse gas emissions (GHG). Pax World is the first U.S. investment advisor to a socially responsible mutual fund to join CCX and will honor its commitment to purchase Carbon Financial Instruments (CFIs) equal to the firm’s indirect greenhouse gas emissions. By doing so, Pax World will offset its entire greenhouse gas emissions that would otherwise contribute to global warming. “When it comes to the environment, Pax World holds other companies to rigorous environmental standards and we don’t feel that we can demand any less of ourselves,” said Pax World Vice President of Social Research Anita Green. “This is a direct and quantifiable illustration of our deep commitment to advancing environmentally sound business practices.” “Socially responsible investing (SRI) has enjoyed tremendous growth and Pax World is a brand name in the community,” says Dr. Richard L. Sandor, chairman and CEO of CCX. “We are thrilled to have Pax World as the first SRI mutual fund company to join CCX and […]

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