Golden State tries to catch a "Green Wave"

California is proposing to spend $1.5 billion to support companies it invests in in their pursuit of environmentally-friendly business practices, such as the use of clean fuels, and development of green products. As part of the plan, the state pension plans involved would review their real estate holdings for energy efficiency, the use of green building standards and other environmentally-friendly practices.

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San Jose Mercury News (Calif.) (free registration)

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