What looks, smells and acts like One-Health World Government?

John Campbell talks about a speech by Andrew Bridgen MP in the UK Parliament a couple of weeks ago

By Jo Nova

Do you want Tedros and the UN to tell you what medicine you can or can’t have?

WHO World Health OrganisationThis is how the world is silently conquered by Bureaucrats, one subclause at a time. It sounds like something out of a James Bond movie, except so much more believable.  The UN and helpful Oligarchs simple bore their way in with “good intentions” and indecipherable legalese, and most of the world slept through it.

It applies to all 192 countries that signed up to the International Health Regulations (IHR), managed by the WHO in 2005. (So, yes, wherever you live). Here’s the sneaky thing, new amendments that change this agreement don’t need to be voted on by your Parliament or Congress. They just need to be tabled and 18 months later, “bing” — if no one objects, they are accepted de facto. The only way for a nation to stay out is if your PM or President writes to the WHO and says “No Thanks”. That date of rollover “acceptance” is December 1. (Can you believe). And yet, for some reason, almost no MP or media outlet has whispered a word of it. Since they love to tell us how saintly and essential the UN is, we can assume that they’re not telling us because they don’t think we’ll like it.

There are two parts to this — one are the Amendments to the IHR, and the other, but completely separate —  the Pandemic Treaty. If they both slide into place, the WHO could declare an “Emergency” and decide things like whether you should be allowed to take a drug (or even a vitamin), whether you must take some mandatory medical treatment, and things like that. For your own good of course.

Rafting, boat, training session.

If it all sounds creepy and like a Tom Clancy novel — ponder that we’re already part way there. For two years Australians were not allowed to leave Australia without taking an experimental injection first. Our Chief Health Officer explained this was because of our obligations to the International Health WHO Agreement. So Tedros, the former Foreign Minister of Ethiopia, decided what the free citizens of Australia would inject if they wanted to fly to Bali. This conspiracy is so real 147,000 uninjected Australians applied to leave the country and were denied. Some may have paddled across the Timor Sea but the Australia govt hasn’t given us any data on escapees.

Coming soon: the WHO want digital passports — so they can keep you safe, keep Big Pharma friends happy, and presumably because it suits President Xi. Plus it will make it so much easier to add up their social carbon score.

This is the same World Health Organization that failed at the only task they were set up to do — prevent global  pandemics. They were the ones praising China’s transparency and leadership in January 2020, telling us the Wu-Flu wasn’t spread human-to -human and insisting we keep letting bioweapons fly free on planes. It’s almost as if they were trying to spread it…

If the amendments etc become law, the only option is to Exit The WHO (and abandon the whole UN!). Let’s do that anyway.

PS: You thought “One Health World Government” was nice line, but actually it’s WHO policy –“One Health” is designed to wrap the health of people, plants, animals and trees — even the planet — into one conglomerate Quadripartite Executive.  It’s the acronym basket of the WHO, FAO, WOAH and UNEP. So if there is a vaccine against climate change, they will want to make you take it. If there is a bug-burger that will stop the storms, or prevent pandemics, that’ll be in your allocated menu. It’s like supergiants in the bureaucratic galaxy are forming a black hole…

More information on the Amendments thanks to James Roguski:

Stop The Amendments.com

ExitTheWHO.org (worldwide) http://ExitTheWHO.com (USA)

Take Action in Australia, in the United Kingdom, in New Zealand, and in Canada

http://ThePeoplesDeclaration.com

http://ScrewTheWHO.com

Doctor Mercola

There is another WorldWide Freedom Rally this Saturday 18th at 12 noon — search for your city details here (USA, Canada, NZ, Europe, Australia). I’ll  be speaking in Perth on the joys of the ACMA Ministry of Misinformation.

Thanks to Tides of Mudgee, Strop, David Maddison, MP, Lance, Catherine, John Connor II, Robert Rosicka, KP, Tel, Robert Christopher, Anton, Steve, Paul Cottingham, cherry-picked#7, and also Malcolm Roberts, Craig Kelly and George Christiansen.

Photo of dingy — Bijay Chaurasia

 

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China promised to strictly control coal then started 182 coal power plants instead

By Jo Nova

Two and a half years ago President Xi promised to  “strictly control coal-fired power generation projects” in China. Before this solemn pledge the CCP had approved a blockbuster 54 gigawatts of coal fired power plants in just two years. Afterwards, to show how committed they were to Net Zero principles and international agreements, they *only* approved 131 GW. As President Xi promised — he’s “strictly in control”  (of a massive increase). He’s also strictly in control of the world’s manufacturing.

After being deceived, the UN, Greenpeace, and Joe Biden promptly did nothing at all — it’s not like the future of life on Earth is at stake. And John Kerry somehow saw only “agreement” and “hope”.

When faced with this environmental catastrophe, the BBC  told the world about China’s green power surge instead, and only mentioned the coal in passing as an aside. China had spawned a world record in coal plant construction, but apparently these coal plants are not so bad because many are built on renewable parks, “partly as backup for all the new wind and solar farms”. As if CO2 emissions are neutralized just by the presence of the sacred talisman of “renewables”. It’s a religion.

Meanwhile the International Energy Agency (IEA) — a kind of mini UN energy bureaucracy — predicts China’s peak coal will happen next year. Righto.

Apologists, all of them for planet destroying polluters.

 

Just for comparison: Australia has one 1,000 MW plant in the “pre-permit” stage. (Collinsville). A whole gigawatt of dreamtime coal plant. It’s so “pre” that even though it was suggested four years ago, and awarded $4m for a feasibility study, no feasibleness has been announced. In the same years, China built about 300 coal plants.

At least Europe has some nuclear plants.

Likewise the US:

All this data on coal plants comes not from overpaid academics, Ministries of Energy, or publicly funded “news” broadcasters. None of them, apparently, give a toss about actual CO2 emissions. Instead, this was done by some NGO’s who are paid to be perplexed but at least they are honest in their confusion.

These people believe propaganda put out by both the UK and by China, and are caught in the headlights, genuinely surprised…

China Pledged to ‘Strictly Control’ Coal. The Opposite Happened.

 , , Foreign Policy

The recent about-face on coal is odd for Beijing, which generally under-promises and over-delivers on climate commitments. Controlling new coal power projects is one of the few pledges China has made from now until 2025. Furthermore, more coal power is not necessary to keep the lights on, since China has a booming clean energy sector.

By many measures, China is the front-runner in the global clean technology race. Its renewable energy investments accounted for 55 percent of the global total in 2022. Just two Chinese companies have captured over half of the world’s electric vehicle battery market, and 60 percent of electric cars sales in 2022 occurred in China.

Someone should tell them that  “half the worlds renewables” only made 7% of China’s total energy needs.

All the back up coal plants made 57%.

Thanks to NetZeroWatch for the inspiration.

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Wednesday

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Victims of a dead-end religion — Too anxious about climate to have children

By Jo Nova

Written just in time for the UN Climate junket, Anna Lee, 21,  declares she’s too worried about climate change to have children.

In the past these declarations have been a part of a Doomer fashion show where people who probably wouldn’t have had children anyway brag about how saintly they are for not having them. They wear their childlessness as a badge of glory. But Anna Lee’s declaration sounds more like a cry for help from someone raised on a climate fantasy. She doesn’t feel she can offer her children a future, perhaps because she doesn’t have one herself. She has, after all, been raised by the village on a dead-end religion. The world will only be saved if impossible things happen. Storms, fires and floods can be stopped with whirly-gigs and magical silicon carpets, don’t you know? The solution is so obvious, and it’s cheap and free too, but people in our tribe are too stupid and greedy to do it. Imagine what a depressing message that would be — born into a craven mob of colonizing lemmings who didn’t do anything good like ending slavery, inventing antibiotics or walking on the moon. Losers…

Some subset of Gen Z have been turned into perpetual climate alarm machine.

On the other hand, there’s also an activist element here. News editors are milking youthful angst to help the UN agenda. And Greenpeace are holding the next generation hostage unless they get their way on climate change. The Greenpeace plan, called  “No Future, No Children” aimed to get teenagers to pledge not to have children unless the government fixed the weather, or helped oligarchs get very rich, or something like that. Thankfully I don’t think their 2019 plan caught on. The webpage CNN links to is now a shipping container company. But what could go wrong with coercing adolescents into making pledges they may later regret?

Why I’m not going to have children — says Anna Lee

CNN Logo

 If temperatures weren’t rising, I’d choose the name “Athena” for a girl. If the rivers were safe, I’d choose “William” for a boy. If I could breathe clean air on my morning commute, I’d paint the nursery a warm yellow. If I could see hope for a sustainable future on this planet, I wouldn’t be spending time mourning the children I’ll probably never have.

If things were different, I’d be honored to become a parent — indeed, I think there is no greater privilege or responsibility. But each day, the current state of the world dissuades me more and more from having children. Like many folks in Gen Z (those born between 1997 and 2012), my main concern is climate change. And, as climate catastrophes are already well in motion (coupled with a host of related socioeconomic and equality issues), I feel as if I would be doing an increasingly irreparable injustice to any children I would bring into this world with my inability to offer them a future.

Is she the product of Green Woke parents who felt guilty themselves? Sounds like her childhood may have been filled with doomsday clocks.

At my age, concrete discussions of family and having children are still far down the line — but this is a decision I’ve held firmly to since I, myself, was a child. Passing on my own climate anxiety would be akin to a generational curse — nor do I think the joys of childhood should be tampered with doomsday clocks, higher risks of disease and health issues and climate change’s ripple effects on the economy, violent conflict and education.

It certainly wasn’t filled with patriotic pride. For Anna, the US is not a culture, just a place on a map:

As a US citizen, I wield enormous privilege by virtue of location, alone…

Climate anxiety is becoming unbearable

Climate anxiety knows no national borders — according to a study from the University of Bath, nearly 40% of 16- to 25-year-old participants from several countries stated that they were hesitant to have children because of climate change.

Threats for climate change!

Other organizations, such as the Canadian “No Future No Children” group, have gained considerable traction among teens, many of whom are pledging not to have children until their government takes climate change more seriously.

…many of my decisions emerge from a need for control. Like many Gen Z and Millennial individuals, I feel largely powerless within today’s environmental and political climate.

The pointless rituals of comfort to soothe the anxiety:

With larger policy control out of the picture, I find myself grasping for any miniscule way to assuage my climate anxiety — finding green travel alternatives, reusing plastic bottles until they fall apart, buying locally sourced food and repurposing any clothes or unwanted items. My decision over whether to have children is yet another example of exerting control over events that seem to be, at this rate, uncontrollable.

The purpose of the story (for CNN at least) is to push the propaganda for the UN annual junket. The editors even admit that:

This story is part of CNN’s coverage of climate change ahead of the COP28 summit …

 In reality of course, for most fertile adults it’s not about climate change but about the cost of living. Give them cheap fossil fuels and a culture that believes in itself.

h/t Willie Soon.

 

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Tuesday

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Hottest in 125,000 years say EU scientists — as if Cavemen could measure the temperature to a tenth of a degree

Humanity lived through the hottest year in the last 125,000 years.

CNN

By Jo Nova

Hottest 12 months in 125,000 say EU Soothsayer scientists

Greenland Ice Core, GISP, Temperature, holocene, Graph.

UPDATE: This graph shows the ice-core data up until 1855.

Think for a minute about how stupid this claim is that no single year, not one, in the last 125,000 years was warmer than the last 12 months. Cavemen are rolling in their graves.

It’s “virtually certain” said two journalists at Reuters. It was broken by 0.4 degrees!

Homo Sapiens have had satellite data for 44 years, which only leaves 124,956 years of extrapolation to guess at the rest. Not one journalist at the ABC, Sydney Morning Herald, CNN, or anywhere, asked the “scientists” — how would you know? Do tell us, professor, what exactly was the temperature from November 6,789 BC to October 6,788? And to a tenth of a degree, and globally. I heard it was hot?

Try to imagine what kind of miraculous science makes these headlines make sense?  Did the EU team find neolithic newspapers hidden in caves in Turkey? Could they reconstruct temperatures from 10,000 BC to 1978 to a tenth of a degree Celsius. And not just Turkish temperatures but ones in Timbuktu and Peru too? Those goat herders needed a satellite program.  Perhaps clay pots powered with goat dung?

Holocene

ABC

It’s as if thousands of hotter Holocene years never existed

Studies all around the world show sea levels were as much as 1 – 2 meters higher 6,000 years ago, and have been falling for thousands of years. For example, studies on mangroves in Brazil show sea levels were about 2.7 meters higher in the mid-Holocene, and mangroves grew 34 kilometers further inland.  (Fontes et al 2017). How does that happen if the world was cooler then?

NoTricksZone lists sea level studies all over the world and CO2 Science lists other proxies. 6,000 years ago the world was so much warmer, the Sahara was lush green and wet. Even the sacred, revered ice cores from both Greenland and Antarctica show it was warmer. The deepest oceans around Indonesia were 2 degrees warmer 10,000 years ago. And 6,000 boreholes drilled around the world agree.

Glaciers in Europe were so much smaller, that as the world cooled and they grew, they swallowed up thousands of pieces of evidence. In the recent warming some 4,000 new tools, bridles, pieces of leather have melted out of Norwegian glaciers alone.

Many Pacific Island have only existed for three or four thousand years — emerging into the sunshine as sea levels fell from the Holocene peak.

This pattern of falling sea levels all over the world doesn’t fit the climate models. Instead of just admitting the models are wrong, researchers call their failure the “Holocene Temperature Conundrum”. We’re going to have to fight for the Holocene — the modelers want to erase it to solve the conundrum.

Shock news for alarmists, poor dears,
And sure to cause climate stress tears,
As 2023 beat,
All records of heat,
Kept for 125,000 years.

–Ruairi

Keep reading  →

9.8 out of 10 based on 120 ratings

Saturday

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Friday

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UN admits World will crash through Paris Agreement goals by a factor of two for 2030

By Jo Nova

Top 20 Energy mining nations are planning to increase production, not decrease it.

Despite 151 nations signing the Paris Agreement, the UNEP has all but admitted that most of the world is not even pretending to meet their emissions promises. As is obvious in the graph below, governments of the top 20 producers of the evil coal, oil and gas are planning to dig up even more of it by 2030 than they do now. These 20 nations produce 80% of the world’s fossil fuels and somewhere out there are lots of customers.

The report appears to be a scorecard to guilt-trip the 20 naughty nations into giving up warmth, food or billions of dollars in exports, but it reads like the Paris Agreement is pure charade.

Governments plan to produce double the fossil fuels in 2030 than the 1.5°C warming limit allows

Stockholm, 8 November 2023 – A major new report published today finds that governments plan to produce around 110% more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69% more than would be consistent with 2°C.

Who are we kidding?

The Production Gap really means “The Overshoot”.

UNEP Graph

Figure ES.1
The fossil fuel production gap — the difference between governments’ plans and projections and levels consistent with limiting warming to 1.5°C and 2°C, as expressed in units of greenhouse gas emissions from fossil fuel extraction and burning — remains large and expands over time. (See details in Chapter 2 and Figure 2.1.) https://www.unep.org/resources/production-gap-report-2023

Speaking of which China just opened the new 1,800 kilometer Haoji  Railway in 2019* — specifically to carry coal

It has 770 bridges spanning a total of 381 kilometers and 468 kilometers of tunnels. They started it in 2015.

No one is holding back on fossil fuels here: Wow, that is some bridge.


REFERENCE

The 2023 Production Gap Report: “Phasing down or phasing up? Top fossil fuel producers plan even more extraction despite climate promises” is produced by Stockholm Environment Institute (SEI), Climate Analytics, E3G, International Institute for Sustainable Development (IISD) and the UN Environment Programme (UNEP).

*Corrected: The Haoji Railway was not opened this year but just before the Covid pandemic broke out,  years after “The Paris Agreement” was signed. Thanks Ross.

 

9.8 out of 10 based on 96 ratings

Thursday

10 out of 10 based on 7 ratings

Solar Stocks crashed in the last quarter too, down 40% so far this year around the world

Solar panel storm damage

Jo Nova

It seems people only wanted renewable energy if they got cheap loans

Just as the quarterly reporting season revealed crippling losses for wind power and EV’s, so it is with Solar energy.

The general US S&P shares index gained 15% this year but The Invesco Solar ETF (Fund) which invests in solar energy stocks around the world — fell by a dire 40%. Even the US “Inflation Reduction Act” couldn’t save the solar sector. As finances tighten with rising interest rates, apparently solar panel orders are among the first to be cancelled.

Some of the worst performers in the whole US share market are solar shares, with SolarEdge and Enphase losing 70% each this year.  A few weeks ago, the CEO of SolarEdge said revenues this quarter were about half of what was expected. He blamed  “unexpected cancellations” from European distributors. But US demand was down too. Indeed, the bad news started in California, the largest market in the US, when the government slashed home solar  “net metering” payments in April by about 75%. Suddenly, it was going to take 10 years to pay off the panels. Solar panels were a luxury item.

If only solar panels were cheaper, in tough economic times, everyone would want them.

Solar Stocks Shaken By High Interest Rates And Supply Chain Issues

by ZeroHedge, Oil Price

The renewable energy industry is in full collapse mode this week. First, Orsted A/S, the world’s largest offshore wind farm developer, abandoned two major US projects due to supply chain and interest rate impacts, and now solar stocks are being clubbed like a baby seal in US premarket trading on Thursday after solar equipment-makers SolarEdge and Sunrun reported dismal guidance amid waning demand.

That’s a nasty surprise:

Let’s start with solar equipment maker SolarEdge Technologies. The company said current quarter revenues are expected between $300 million to $350 million, far below analysts’ estimates of $718.9 million, as per Bloomberg Consensus data.

This has been a sharp turnaround in the solar industry. The rocket-like growth of 2020 has collapsed. And as long as interest rates are high, nobody is talking about a fast recovery:

What happened to solar stocks? Investors ‘pick up the pieces’ after a brutal earnings season

Claudia Assis reports at Marketwatch,

Just about every major U.S. solar company had big quarterly misses…

Shares of Enphase Energy Inc. ENPH, which sells microinverters widely used in solar-power systems and can stand in as a barometer for solar, among other wares, are down more than 70% in the year. As recently as 2020, the stock drew triple-digit yearly gains; it rose 45% last year.

SolarEdge Technologies Inc. SEDG warned late last month that starting in the second half of the third quarter it experienced “substantial unexpected cancellations and pushouts of existing backlog” from our European distributors, a dip it said wasn’t related to the Israel-Hamas war.

Some residential solar companies in the US are down 55-70% too. These are terrible numbers.

Solar Stocks Still Searching For A Bottom

Beth Kindig, Forbes

Solar is arguably one of the market’s most sold-off industries at the moment,…

SolarEdge and Enphase are among the S&P 500’s worst performers this year, falling more than 70% each; a significant weakening in US demand starting in Q2 worsened with weakening European demand in Q3, causing revenues to nosedive. Residential solar companies SunPower, Sunrun, and Maxeon have all declined more than 55% to 70%, as well.

The decline was sudden in Quarter 3. What was a 25% growth in quarter two, became a 34% fall:

Enphase echoed SolarEdge’s commentary about weakening EU demand, as European revenues fell (34%) sequentially in Q3, after recording +25% QoQ growth in Q2. That’s a pretty swift QoQ decline in European revenues, which Enphase attributed to “high inventory at our distribution partners along with a softening in demand in our key markets – the Netherlands, France, and Germany.”

The near-term outlook for solar has definitely taken a hit from high rates impacting demand – a forecast from Wood Mackenzie/SEIA is pointing to a YoY decline in US residential solar installations in 2024, weighed down by a sharp contraction in California. Overall, the group expects installations to drop (4%) in 2024, dragged down by a (38%) contraction in California primarily due to the shift to NEM 3.0.

________________________________________________

 

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Wednesday

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Tuesday

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Good for our enemies: Wind turbines scramble the Air Force radars, and provide cover for jets

Barrow Offshore wind turbines NR.jpg

By Jo Nova

UK RAF planes, fighter jets.

Imagine you built hundreds of wind turbines off your coast and then found out they reflect the signals used by your air defense radar?

It turns out that large rotating blades reflect radar pulses rather like planes do, and with future offshore wind turbines as tall as the Eiffel Tower and 1,000 feet wide, things are only getting worse.

RAF pilots already use the turbines to help them hide in training exercises.

The UK government has quietly spent £18m to try to figure out how to stop this and the best they have come up with is coating the blades in the type of paint used on stealth fighter jets. But the paint on F-22 jets peels off a bit too often, so they are considering something like the new ceramic paint from the F-35 program. But since that’s a top military secret, presumably it won’t be too similar. What could possibly go wrong? Since you asked, last year, after just six months on aircraft carriers, the F-35s were already looking kind of rusty.

Just drive a truckload of money to your local wind subsidy farm. Other plans include adding cameras, microphones, and radio aerials to turbines to detect hostile jets or perhaps some naughty boats and subs.

The German military have asked to be able to veto any wind development within 50 kilometers of their military radars. And given that it has 18 radars that could rule out a significant part of the German coast. The wind industry is not happy.

Imagine you bet your national economy on building thousands more of these by the end of the decade.

Thanks to Oldbrew at Tallblokes:

How wind turbines are blinding the RAF’s vital North Sea radars

By Gareth Corfield, The Telegraph

Offshore wind farms blades interfere with radar signals and there are concerns that plans for a significant expansion of turbines in the North Sea by the end of the decade will cause problems for the Royal Air Force (RAF).

Dangers in the North Sea are more than theoretical: a “ghost fleet” of Russian ships were spotted mapping communication and power cables in the area earlier this year, sparking fears that the Kremlin is preparing for a campaign of sabotage.

Some planned wind arrays are 20 miles wide.

Looking across the Great Orme towards the offshore Gwynt y Môr wind farm

A serving RAF officer explains: “If you have three blades on one turbine, that’s three false reflections. Imagine you then put up 10 or 20 turbines.”

Former RAF Tornado instructor Tim Davies recalls using offshore turbines to hide from ‘enemy’ fighter jets during training exercises.

“We used to fly into wind farms and rapidly change direction, knowing that their radar would struggle to see us,” he says.

Just one more reason China and Russia are encouraging the West to build fields of giant industrial wind plants in the ocean.

Photos: Top wind farm (Rhyl Flats) Andy Dingley;   RAF Fighter jets photo by Steve Richardson; Gwynt y Mor wind farm, Steve Daniels.

 

 

 

 

 

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Foreign investment bankers *Really* want Australia to meet Net Zero Targets

Dark Money, power, retirement funds,

By Jo Nova

Shh! The Monster Banker Funds are secretly saving the World

By sheer coincidence the same day the Australian Treasurer said we’d have to pump up the subsidies on climate targets, a group of largely foreign bankers called for the Australian government to “hurry up with emissions reduction plans “.

IGCC LogoThe foreign investment bankers market themselves as “Australian and New Zealand investors” but boast they have $30 trillion in assets, which is a bit of a red flag when the GDP of both nations together is $2 trillion USD.  It turns out the blandly named Investor Group on Climate Change (IGCC) is only 10% Australasian:

IGCC represents investors with total funds under management of more than $3 trillion in Australia and New Zealand and $30 trillion around the world. Investors welcome the development of internationally aligned climate risk disclosure requirements in Australia.  IGCC  Submission to the Australian Treasury Feb 2023

But being 90% foreign doesn’t stop them putting in submissions to Parliament or pretending to be locals. Even The Australian thinks they are Australian:

An Australian investor group representing members with more than $30 trillion in assets says plans being developed by the Albanese government to decarbonise sectors like energy and agriculture must align to the Paris Agreement’s goal of limiting the global temperature rise to 1.5C.

The fund includes Australia’s largest retirement funds, but quietly also includes our old friends, Vanguard and BlackRock, which together make up $17 trillion of the $30 trillion dollar collective of climate concern.  So it’s the two supergiants, plus 100 extras. Who controls this group? It’s not the minnows.

Bankers use your pension funds to make your electricity bill higher

The IGCC says it’s just worried about their clients best returns, as indeed they should be. But given the S&P Global Clean Energy Index is down by 36% this year, their clients best returns would have been in the real Energy Sector which hasn’t gone down at all. If they were serving their clients they would invest in oil and gas. But instead the bankers apparently want the government to rescue their bad investments. Here’s their joint plea for “certainty” which means certain subsidies:

Rose Lewis, The Australian

In a new report released by the Investor Group on Climate Change – which represents Australia’s largest superannuation and retail funds, specialist investors and advisory groups – investors outline their priorities for the government’s decarbonisation plans to ensure the country remains a competitive place to direct capital during the net-zero transition.

“Unless Australia’s economy decarbonises in a manner that is rapid, orderly, and fair, the long-term retirement savings of millions of its citizens will be negatively impacted. [Not to mention all the foreign investors too, says Jo].

“The more orderly the transition to net zero, the better able investors will be to protect and preserve the value of their investments in the best interest of their beneficiaries.”

Given that “profits” from unreliable energy transitions depend entirely on government subsidies and laws, these giant funds are colluding together to lobby for better returns. But if they didn’t ask their 7.5 million Australian and New Zealand customers whether they want smaller retirement funds in order to save the world — then are they really serving them, or screwing them?

$30 trillion dollars is a lot of money to use to threaten and influence a $2 trillion dollar economy. Are the foreign bankers using the threat of withdrawing investments in order to bully more subsidies out of patsy Australian taxpayers and hapless Australian electricity consumers? They could feed the “profits” back to their own retirement funds overseas, while they boost wind and solar manufacturers in China, say, to get more favours with President Xi — the possibilities are endless. One arm of a supergiant fund can rake in the money created through predatory behaviour in another arm.

Or perhaps I’m wrong, and the saintly bankers genuinely lie in bed at night worrying about a half a degree of global warming.

These are the groups concerned about koalas and corals

Members of IGCC:

IGCC -- Investor Group on Climate ChangeFollow the money — the Greens do.

 

 

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