Beam me to Planet Gore !
Posted on 01/16/2012 10:20:02 PM PST by Olog-hai
Institutional investors with a collective $26 trillion under management have opened a new front in the fight against climate change, urging the private sector to mobilize and find new technologies to cut greenhouse gas emissions.
The pricing of planet-warming carbon emissions, which underscores the EU’s Emissions Trading System, is “nice” but not essential, says Kevin Parker, global head of Deutsche Asset Management.
“It's not going to be long before an investor looking to roll out a new energy plant has to take solar and wind and other forms of renewables very seriously,” Parker said on the fringes of a UN investor summit in New York.
“It's coming down to following the bouncing ball of money, because it's money that talks.”
Inside the 12 January session, which drew more than 400 representatives of banking, insurance, government, labour and institutional investing, the UN’s Roland Rich warned attendees against “putting all our eggs in the government basket.”
“The carbon-burning economy is tomorrow's Rust Belt,” Rich said. “Your job, it seems to me, is to invest in the Microsofts and Googles of the green economy.”
Parker and others noted that climate change skeptics and deniers, especially in the United States, made tackling the problem more difficult.
Richard Trumka, president of the AFL-CIO labor federation that represents some 12 million US workers, was blunt: “It is clear that as long as Congress is effectively controlled by climate change deniers, all of us—investors, companies, workers and the broader public—must take action ourselves.” …
(Excerpt) Read more at euractiv.com ...
This is great news. It means they support getting the government out of it. If some company wants to blow its wad fighting climate change, hey, knock yourself out. But when you take taxpayer money - my money- to prop up Solyndra or Beacon or whatever, that’s an offense.
Let’s focus on the REAL greenhouse gas - WATER VAPOR! Try to control THAT!
Yeah wow they gotta do something and real fast! CO2 makes up 0.04% of the earths atmosphere which you can literally call zero point zero like it was a hundred years ago and the hundred before that and before that and before that......My God if they don’t act now that level in the future can reach zero point zero and possibly even zero point zero!!!!!
Great idea Dick. You and your UN buddies piss private investors money down the drain and stay away from taxpayer money from now on. Once your "investors" start seeing no return on their investment, something tells me they will be back to investing in "old dirty oil" again.
Don’t be taken in. EU trading scam maybe dying, but they still want the corporate welfare scam.
If you’re going to start taking people’s cars away, I think that’s the government’s job.
There are some ideas so stupid only an intellectual could believe in them.
The kind of gas this gentleman is generating is of another nature entirely.
Only because government regulations force them to, not the market. They can couch it in any language they like, but it's still government dictat compelling it, not market forces.
“The carbon-burning economy is tomorrow’s Rust Belt,” Rich said. “Your job, it seems to me, is to invest in the Microsofts and Googles of the green economy.”
Rich seems to have fuzzy thinking here. Seems to be saying that physics and chemistry are passe, and that improved information management will keep our lights, furnaces, air conditioners, and automobiles running.
Don’t give that man any of my money. Its obvious he’s a simpleton.
Thanks - that just may be my line of the week! All too true. If it weren't for over-educated, self-important "intellectuals" that think they know everything -- and are therefore reluctant-to or incapable-of recognizing their own limitations -- swindlers, hucksters, and various other criminals wouldn't have a chance.
If you’d like the government to take your car away, then you perhaps should give it to them? because I certainly would not stand for them taking my car from me.
Al Gore Said North Pole Would Be Completely Melted This Year… Guess Not, Huh?
Global Warming: The Evidence is Endless
Global Warming on Free Republic
Ohh. You meant ACTUALLY and EFFECTIVELY fighting it, not just scaremongering after making carefully-timed investments.
Heh, you caught me. I actually thought of Al Gore when I wrote that. Yes, getting rich, but not doing a damn thing about solving the so-called “problem”.
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