Move over Mr Dreadlocks

Environmental activism has come a long way from rent-a-crowd unkempt youngies with dreadlocks standing in the way of bulldozers and sleeping in trees.

Check out this slick corporate spin under the heading: Climate Change and Financial Risk to Oil Capital Expenditure.

Don’t you just love it: carbon sense?

The PRI Initiative is inviting select media to attend a webinar presenting the recent Carbon Tracker report - Carbon Supply Cost Curves – Evaluating Financial Risk to Oil Capital Expenditure. The report assists investors to continue their engagement with companies over carbon asset risk. It introduces the concept of a carbon supply cost curve to global oil projects – highlighting that many make neither financial or carbon sense when stress-tested against demand, price and emissions scenarios.  Additionally, an update will be provided on findings from a collaborative investor engagement with US and European energy sector companies which aims to assess the disclosure of climate impact by companies within the sector. The webinar is hosted jointly by the Principles for Responsible Investment (PRI), the Institutional Investors Group on Climate Change (IIGCC), Ceres and the Investor Network on Climate Risk (INCR).

Speakers will include:

  • Mark Campanale, Founder & Executive Director, Carbon Tracker Initiative

  • James Leaton, Head of Research, Carbon Tracker Initiative

  • Mark Lewis, Senior Analyst, Sustainability Research, Coordinator Energy Transition and Climate Change, Kepler Cheuvreux

  • Craig Mackenzie, Chair, Corporate Programme, Institutional Investors Group on Climate Change, and Head of Sustainability, Investment Solutions, SWIP, part of Aberdeen Asset Management

  • Ryan Salmon, Manager, Oil & Gas Program, Ceres

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37 Responses to Move over Mr Dreadlocks

  1. .

    Do they want to discuss the use of cadmium or rare earths in the manufacture of solar panels?

    Didn’t think so.

  2. Washout

    Do they want to discuss the use of cadmium or rare earths in the manufacture of solar panels?

    Didn’t think so.

    …or uranium / thorium for nuclear baseload power

  3. Bruce of Newcastle

    I love to see the coal divestment campaigns, the emissions certificates and the green energy funds. The numpties who invest in such things deserve the massive capital loss which always happens when the gloss wears off.

  4. H B Bear

    Greenmail for Dummies.

  5. rickw

    I think they’re late to the party, it seems to be pretty much over.

  6. Ant

    Environmental activism has come a long way from rent-a-crowd unkempt youngies with dreadlocks …

    They got smart and it’s more evidence of the Left’s conquering of the institutions.

    Once they had no choice but smell as though they hadn’t showered since puberty because no organisation would have been stupid enough to employ them.

    But with government and bureaucracy swinging further and further left, they now actively seek out the miscreant class amonst the population to give them highly remunerated publicly funded employment.

    And the beast continuously feeds itself from there.

    The budget is hugely relevant to this because it’s cowers in the shadow of this kind of thing showing no serious spine in tackling the growing and destructive bureaucracy.

    16,500 public servants laid off over how many years? A joke, surely.

    It should have been 16,500 immediately!

  7. gabrianga

    Wot! No Mal and Lucy ?

  8. ar

    What! Have we lost our carbon senses???

  9. Metgasco’s Bentley gas drilling suspended, referred to ICAC
    May 15, 2014 – 11:38AM

    Who would be a gas explorer in NSW?

  10. Ubique

    Check out what Geodynamics aided by investor Tim Flannery have done with $90m of public money thrown at them by Kevin Rudd. The ANU at one time had $70m invested in this disaster. Check the share price’s slide from $2 down to 5 cents, a perfect example of how eco-mania destroys capital:

  11. Crossie

    Anything with sustainability in its name can only be sustained by taxpayers’ money. These people are only looking after their own phoney-baloney jobs.

    The environment, on the other hand, IS self-sustaining and doesn’t need them. These people have never lived on a farm or in the wild, I don’t think they even have a garden. Turn your back on a piece of land or a garden corner even for just a matter of months and it turns into a jungle.

  12. jupes

    No dreadlocks on Big Al Jones either.

    Probably the most effective greenie in the country.

  13. johanna

    Well spotted, jupes. Jones is one of the most effective anti-gas campaigners in the country. He is in bed with people who oppose everything that he has previously claimed to support. The Lock the Gate movement has been taken over by rabid greenies, content-free scaremongers, and people who think that the ALP is part of a right-wing conspiracy.

    Meanwhile, consumers in NSW are facing steep price increases because reserves which are known to exist cannot be tapped thanks to these morons.

    Is it a senior moment or a cute young activist at play here?

  14. wreckage

    Move over Mr Dreadlocks. As Carpe Diem (in the links to the right) would say: “Markets in everything.”

  15. Dr.Sir Fred Lenin

    The corrupt unions are deep into green investment ,thats why giliard and the krudster threw billions at the greenfilth.its easy for a commo super fund to show profit ,if tha government is pouring Taxpayer s money into these airy fairy schemes.
    As for flim flammery , I hope he lost all the Taxpayer money he got for his pretend job.Bastard should be in a hard labour camp.

  16. Fibro

    Ubique: Check out what Geodynamics aided by investor Tim Flannery have done with $90m of public money thrown at them by Kevin Rudd. The ANU at one time had $70m invested in this disaster. Check the share price’s slide from $2 down to 5 cents, a perfect example of how eco-mania destroys capital:

    My only hope is that the greenfilth brigade all invested their hard earned into it.

  17. Crossie

    Meanwhile, consumers in NSW are facing steep price increases because reserves which are known to exist cannot be tapped thanks to these morons.

    If the resource companies compensated the affected landholders Alan Jones would not have their support. The gas companies would rather throw their money at politicians.

  18. .

    I’m not sure most of them support Jones. Note the intimidation of landholders by “activists” where they allow CSG exploration or mining.

  19. tgs

    If the resource companies compensated the affected landholders Alan Jones would not have their support. The gas companies would rather throw their money at politicians.

    If the property rights were defined properly and not in the silly way that Australia does it re: minerals/oil/gas/etc then the companies would be forced by the market to fairly compensate the land holders.

  20. nerblnob

    But with government and bureaucracy swinging further and further left, they now actively seek out the miscreant class amonst the population to give them highly remunerated publicly funded employment.

    Thanks to all the compliances etc, oil & gas companies now have plenty of this type of unproductive leech in their admin staff. Greenies and anti-industry obstructionists will never get anywhere with engineers and tech people ( no, I don’t count IT nerds as “engineers”) so now they try to target the admin and financial types. Like talks to like.

    It’s also another manifestation of the kind of creepily dishonest activism that pretends it’s only against certain farming practices, not against all animal farming, and certain hydrocarbon extraction practices, not against all hydrocarbons. They have infiltrated rural councils and local press to an alarming degree.

    They only question to ask these people is if they can point to operating abbatoirs and hydrocarbon extraction operations in Australia that they fully approve of .

    If they can’t, they are simply obstructionists, against all mining, oil & gas, and stock farming, and dishonest with it.

  21. aycee

    Even Choice is getting in on the act in their latest edition. They’re using the ‘ethical investing’ line to query you super funds on their investments in the evil oil/coal/gas industries. Not on the basis of their carbon outputs. But their pushing some line on the basis that as green technologies mature and reduce in price, the evil oil/coal/gas companies will be left with stranded assets in the ground. This will lead to a collapse in their share prices. Best divest of those evil companies or ‘we’ll all be rooned’.
    Seriously.

  22. nerblnob

    abbatoirs and hydrocarbon extraction operations in Australia that they fully approve of .

    If they can’t, they are simply obstructionists, against all mining, oil & gas, and stock farming

    I should have said “and/or ….. as the case may be”.

  23. Rockdoctor

    Here’s my 2c worth on Landholder relations. Lock the Gate, Greenies in disguise, but they either don’t realise or don’t care they are being used by some landholders to in a big game that is played out with resources companies and landholders to eek more money from the former. In my experience most landholders are pretty wiley characters who range from the cordial to the friendly, “for a price”, to the downright obstructionist till the last moment when it will cost before taking the money. Won’t mention names but hey are well known in Mining circles but I have seen some pretty unethical practices from Landholders in my time and I am one with most drillers (A lot of who are farm boys themselves) who I have worked with who try to respect where I work like someone elses backyard. As for the CSG scare, QGC did no favours to the industry before it was swallowed by British Gas and Debunking Gasland is a good site to see the lies pushed about CSG production.

  24. Crossie

    If the property rights were defined properly and not in the silly way that Australia does it re: minerals/oil/gas/etc then the companies would be forced by the market to fairly compensate the land holders.

    Resource companies could do it anyway, as a goodwill gesture.

  25. James In Footscray

    Ha – carbon asset risk, I knew it!

    If you want advance warning of any environmental memes, just listen to RN Big Ideas. This was on a while back.

  26. nerblnob

    Resource companies could do it anyway, as a goodwill gesture.

    They bloody well do already!
    Farmers, recently-discovered owners of hitherto-unknown tribal homelands, they all come flocking to the resources company honeypot alleging all sorts of misdeeds, and most companies have a fund to pay them off.

  27. Turtle of WA

    Gruppy, Green Yuppie.

    I made this term up a few years ago to describe inner city professionals in Melbourne who were protesting that their power (and that of the poor) was too inexpensive. I was later to discover someone else had also coined the same word in the Urban Dictionary:

    Gruppy

    A green-oriented yuppy (i.e., gruppy = green + yuppy). Typically, one who works and/or lives in the city and lives an eco-friendly lifestyle. Often, given to trashing mainstream “pop culture” for conspicuous consumption while lavishly consuming many eco-friendly products to demonstrate a profound lack of consumerism.

    While she wasn’t exactly a hipster, the rain-driven drip-system she employed to grow herbs outside her 3rd story apartment showed she was very much a gruppy.

    It’s a handy word for describing the phenomenon in this post, because it captures the hypocrisy of the well-off environmentalist who lives as far from nature as possible, and as close to the locus of returns in benefits and public spending from taxes. They criticise suburbanites for not using public transport. On the edge of the city public transport is often useless, and ‘light rail’ an absurdity. Inner city types get the maximum benefit of public transport that suburbanites and rural folk pay for in taxes but never use. Same goes with housing density.

  28. john constantine

    it is interesting to note that geodynamics have now moved into the business of replacing diesel powered electricity with electricity from hot water, out in the volcanic islands of the pacific.

    actually cheaper and more reliable to use existing hot water technology than to burn diesel.

    political risk keeps me from making a big punt on them, but they are selling at a substantial discount to cash holdings, and the pacific island strategy actually makes economic sense, unfortunate about political risk [gdy lost a contract in the american marinaras when the politician with the power signed an interesting document locking in diesel power for a generation, then fled the country]

  29. Notafan

    Turtle, so true, I went past a east west tunnel protest in Fitzroy and though, try living in Narre warren North or some other outer outer suburb which has one bus service or a train station a couple of miles from home rather than take your pick trams not to mention cafes restaurants bars etc a short walk from home.

  30. nerblnob

    actually cheaper and more reliable to use existing hot water technology than to burn diesel.

    John, that statement might be true in those islands but I can’t help viewing it with a bit of suspicion.

    I’ve worked on a number of geothermal jobs recently in Europe (drilling in many of them is not much different to oil/gas wells – complete with …drumroll … fracking) and they’re all subsidised in some way through grants, feed-in tariffs, whatever. And conspicuously less regulatory oversight and harassment than equivalent oil or gas wells, despite using the same chemicals and practices.

  31. wreckage

    The other geotherm (as in, using the thermal mass of the water table) for heating and cooling can work very well in suitable areas.

  32. john constantine

    will indulge in a passive geothermal home project one day, even if only an old style underground wine cellar/cool room.

    geodynamics have backed off the hot dry rocks projects,after getting some electricity generated in the exact middle of nowhere. heroic proof of concept, but still better than windmills. the supply of industrial heat to cooper basin non-conventional gas projects is a non zero chance of monetising the existing project.

    just saying that the re-invented geodynamics probably needs to be renamed as well. the company announcements do give good thumbnails of the use of off-the-shelf technology–sinclair knight mertz have done some indications based on similar set-ups in new zealand.

    getting 24/7 electricity to the fly-specs of the pacific would be a better use of money than 300 million to inflict gillards emily’s list on them.

  33. gabrianga

    Why not a Federal Royalty scheme paying a royalty gathered from the mining companies which wish to explore on operating farms. properties?

    All minerals belong to the Crown so a form of agreed royalty payments between the Government. miners and pastoralists could be set in stone giving all an indication of value of the Crown Land applied for.

  34. nerblnob

    geodynamics have backed off the hot dry rocks projects,after getting some electricity generated in the exact middle of nowhere. heroic proof of concept, but still better than windmills. the supply of industrial heat to cooper basin non-conventional gas projects is a non zero chance of monetising the existing project.

    I believe they managed to power the Innamincka pub .

    According to their website, the infrastructure around the Hot Dry Rock wells has now been sold off to Beach Petroleum – oops! it’s now Beach “Energy” – which does shale oil & gas. Which just might involve The Controversial Process Known As Fracking.
    So at least Geodynamics has made some money off Fossil Fuels. We await the update on this exciting development from Eco-Citizen

  35. Frank

    AJ has form for taking up the case against people with cash (banks, pharma) and then being persuaded that he may have been a bit overzealous. The cynic in me thinks that this may be another instance of it.

  36. Michael Aldred

    Whoa, who’s paying these guys to do this stuff? Not us taxpayers I hope. This sort of fantasy is for the chop, to keep the budget deficit going down. Believe me, these fellows wont be missed, except by themselves of course.

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