Posted on 04/08/2022 11:26:08 AM PDT by Oldeconomybuyer
LONDON (Reuters) - Asset owners managing more than $10.4 trillion have urged governments not to let worries about security of fossil fuel supplies impede the transition to greener energy needed to limit catastrophic climate change.
With governments scrambling to replace Russian oil and gas supplies after the invasion of Ukraine, United Nations climate scientists issued new warnings this week on the need to quickly scale up renewable energy and roll back support for emissions-intensive fossil fuels.
The Steering Group of the Net-Zero Asset Owner Alliance, which counts some of the world's largest pension schemes and insurers as members, said on Friday that energy security policies must align with the world's climate goal.
The group called for an end to using taxpayer cash to prop up the fossil fuel industry through subsidies that go against the pledges made by governments to get to net-zero emissions.
"In the short term, using all available energy resources – including the immediate scaling of energy efficiency – to diversify energy supply must be a top priority for many countries, especially in Europe," the group said.
(Excerpt) Read more at money.usnews.com ...
The climate conspiracy is the tool for world government.
Blackrock, Buffet, Bezos, Gates, Hunter etc?
“Eff ‘em. Let the little people starve”, said the plutocrats.
Asset owners.... and a huge chunk of their current holdings include “green energy” products and technologies. Imagine that.
Heck, the Blackrock sustainable green energies fund manager actually works in the Biden Whitehouse.
Foxes promised fat chickens and worried because the chickens are too expensive to feed. The foxes may have to go back to eating rats.
aka “please don’t stop sacrificing to Gaia so you can have a viable economy for your citizens. If you ignore our grift, how can we make money from our investments in so-called “green” energy?”
That’s an interesting(?) concept.
“I’m not responsible for every undercapitalized and poor investment decision investor in America” -Hillary Clinton (and yes I changed it just a little)
Investors in stupid green boondoggles, they mean.
EXACTLY....except I’d call them Oligarchs. .....just like the Drug Company Oligarchs pushing Covid
“Not to Ditch Climate for Energy Security”
OK.
Turn off their Electric “Energy” so they can be introduced to 100% of their “Climate.”
Let’s see how that goes.
.
yep they have already made big bets on green energy
they expect gov to mandate their new wealth
Exactly right, at least for the limited few investors the headline is listening to.
Yes. What kind of idiot pushes this nonsense? Lawsuits need to happen because it clearly is fraud; their investors want return and profit and they pushing this bunk.
They aren’t “Investors’. They are Crony Crapitalists, who make big bucks by getting governments to mandate that taxpayers pay for their products / services.
Anyone else smell money being a motive here?
energy security, you mean like heat and light? that kind?? food production maybe???
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