Pension Funds to Invest in Clean Energy Projects

prosperity.jpgThe National Apollo Alliance of Washington State has proposed using state pension funds to creatively finance energy efficient upgrades to major buildings as well as to fund renewable energy projects.
A recent $3.5 million smart energy and efficiency upgrade of a Seattle skyscraper by Washington Real Estate Holdings, which manages the state’s pension funds, lowered average annual energy consumption by 40 percent, saved nearly 7 million kilowatt hours of energy per year, and had a 16.5% ROI with only a 6 year payback. This is what SMART, PROFITABLE, and SUSTAINABLE BUSINESS is all about!
These projects create jobs, lower our need for imported oil, and make life better for all. It seems like a no brainer to me…read entire story in Sustainable Industries Journal Northwest.