Posted on 11/06/2021 2:04:50 AM PDT by markomalley
I HAVE had a bellyful of COP26. Hypocrisy and harangues dispensed by teenagers, billionaires, royalty, and corporate lobbyists, make a bilious mix. Another week to go. How much more of this phoney righteousness are we expected to swallow?
The crack troops of the new world order, individuals who are probably right in thinking that they run the world, arrive in 400 jets to give us our orders in the name of stopping a climate apocalypse.
Every measure they suggest will make ordinary people worse off. You won’t drive a car. You won’t go on holiday. Your house will be cold, your water tepid. Your bills will go up. You’ll eat insects, not meat. You won’t have as many children. Suck it up plebs, we’re all in this together.
But we blatantly aren’t.
In terms of sheer Marie Antoinette-style obliviousness, Amazon founder Jeff Bezos, takes the biscuit so far.
(Excerpt) Read more at heraldscotland.com ...
Amazing Polly’s latest podcast looks at the following video from Bloomberg, and how it might lead to corporate “greenwashing” and worse (social justice issues, for example). I turned sound on to “mute” during the preceding ads:
1 Nov: Bloomberg: The rapid rise of sustainable debt
BNN Bloomberg’s Jameson Berkow explains how sustainable debt is turning corporations into climate leaders.
https://www.bnnbloomberg.ca/video/the-rapid-rise-of-sustainable-debt~2312319
5 Nov: Lighthouse Economics: The Rapid Rise of Sustainable Debt
by Mark Skidmore, Professor of Economics at Michigan State University
“Bloomberg’s Jameson Berkow explains how sustainable debt is turning corporations into climate leaders.”
In other words, if corporations accept these types of loans then they are required to comply with certain rules regarding “diversity”, “carbon footprint, and “health and wellness”.
***Businesses get a reduced interest rate if they meet the various goals. But who makes the rules, who enforces, and is this really “good” for society?
https://mark-skidmore.com/2021/11/05/the-rapid-rise-of-sustainable-debt/
***sounds a bit like the vaxxed vs the unvaxxed.
5 Nov: Bloomberg: The niche, not-so-niche sustainable debt market
In the first half of 2021, the issuance of sustainable debt reached $825 billion, which represents an 8% increase over the $759 billion issued through all of 2020. In June 2021, the sustainable debt market hit another milestone, reaching $3 trillion of issuance since its inception in 2007, when the European Investment Bank issued their first “Climate Awareness Bond.”...
Sustainable debt has traditionally been defined as fixed income instruments raised with environmental and social purposes in mind...
https://www.bloomberg.com/professional/blog/the-niche-not-so-niche-sustainable-debt-market/
...and the delicious part is that the Aspergers Climate Change Frankenstein monster that is young Greta - and her acolytes - will be growing up and calling out (and voting out) the phoney politicos who pretend to care about this climate hoax. So fun!!
Conference of Parties, 26th annual iteration.
So, I looked it up, found the words which make up the acronym, and I still don't get it.
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