it continues to amaze me that the public shows so little interest in matters related to ESG.
in Australia, the pension (superannuation) funds are being raided, big-time:
15 July 2020: MoneyManagement: Australia taking ‘meaningful steps’ to integrating ESG in super
By Laura Dew
Australia’s superannuation system has taken ‘meaningful steps’ to ensure super is addressing environmental, social and governance (ESG) issues, according to research from the Principles for Responsible Investment (PRI).
In its latest report, the organisation compared private retirement systems in Australia, the US and UK and their inclusion of ESG...
Some ***81% of for-profit super funds***, it said, now had some form of responsible investment...
https://www.moneymanagement.com.au/news/superannuation/australia-taking-%E2%80%98meaningful-steps%E2%80%99-integrating-esg-super
Australian Govt’s plan for people’s pension funds!
23 Aug 2022: Australian Financial Review: Exclusive: Superannuation will fund nation building: Chalmers
by Jonathan Shapiro and James Eyers
Federal Treasurer Jim Chalmers has laid down a new agenda for the $3.4 trillion superannuation sector that he hopes will steer part of its vast pool of capital toward nation building investments in housing and ***clean energy...
https://www.afr.com/companies/financial-services/superannuation-will-fund-nation-building-chalmers-20220822-p5bbty
so many shilling for China/solar/wind/EVs etc. they must be getting some preferential treatment under ESG nonsense or something.
following has figures I’ve wanted to know for some years. they should be common knowledge everywhere. hope it goes viral.
quote is from a CNBC interview, video (2m15s) and transcript included:
21 Oct 2022: Climate Depot: Marc Morano: Goldman Sachs’ Jeff Currie: ‘$3.8 Trillion of Investment in Renewables Moved Fossil Fuels from 82% to 81% of Overall Energy Consumption’ in 10 Years
Economist Jeff Currie of Goldman Sachs (Global Head of Commodities Research in the Global Investment Research Division): “Here’s a stat for you, as of January of this year. At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you’re talking about 3.8 trillion, let me repeat that $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption. But you know, given the recent events and what’s happened with the loss of gas and replacing it with coal, that number is likely above 82.” ... The net of it is clearly we haven’t made any progress.”
CNBC TRANSCRIPT...READ ON
https://www.climatedepot.com/2022/10/21/goldman-sachs-jeff-currie-3-8-trillion-of-investment-in-renewables-moved-fossil-fuels-from-82-to-81-of-overall-energy-consumption-in-10-years