The California State Teachers’ Retirement System (CalSTRS), the second-largest U.S. public pension fund, said it would vote against a proposal by Toyota Motor Corp to issue “Model AA” shares as they would be closed to investors outside Japan.
The portion of the business world devoted to renewable energy resembles the telecom industry in the 1980s, said Reed Hundt, now the CEO of the Coalition for Green Capital, a nonprofit working to drive renewable investment by creating so-called green banks.
“I think that we’re in the really early days,” he said during a panel talk on green bonds, adding that a “total, radical, disrupting overhaul” of the energy sector must be accomplished with a massive lending market and robust debt securitization.
Greece is quickly running out of money and time, raising the risk it could exit the eurozone and rattle the global economy.
Greek Prime Minister Alexis Tsipras said Monday the country is in danger of “financial strangulation,” according to the Associated Press, amid rumors that the government could go bankrupt in a matter of weeks.
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