The woke are going for broke. Big money and the climate battle

Love the picture of Louise Davidson in The Weekend Australian, complete with woke head tilt (a Tim Blair favourite).  She is the CEO of the Australian Council of Superannuation Investors. The byline Funds ready for climate battle.  More companies will be expected to do climate modelling and it will have to be more rigorous. Call in the CSIRO and the IPCC. She is serious!

Change has to happen otherwise what we saw over summer is going to happen every summer. 

Well sort of, but what was burnt over summer will not burn again for a few years and I fear that the change that she thinks has to happen is not related to things that we can do on the ground. Someone talk to her about time-frame for slowing down climate change by reducing CO2 emissions (hint, think a hundred years or so).

On the next page Regulator puts banks on notice over climate. Banks face ‘stress test’ on climate. That means they will be assessed on their ability to withstand shocks from a warming climate or the transition to a low-emissions economy. To be fair, there will  indeed be shocks from the transition to a low-emission economy!

Someone tell him about Germany.

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14 Responses to The woke are going for broke. Big money and the climate battle

  1. a happy little debunker

    Change has to happen otherwise what we saw over summer is going to happen every summer

    Obviously has no idea that climate is determined over an average of 30 years – not one.
    Even the BOM/CSIRO calls the slight reduction in Australia’s Southeast/Southwest rainfall just a trend (20 years).

    That she has any say over our superannuation funds does not bode well for our retirements!

  2. Can all of these woke regulator chiefs and CEOs be hauled into court and charged with crimes (negligence or whatever) when this sham falls apart?

  3. How reassuring that our financial futures are in their hands

  4. Professor Fred Lenin

    Well I suppose since this summer was the hottest since 2019 , the interfering globalists want to keep that money pouring into their pockets. Regenerating forests burning every year ,bet they didnt teach that at Forestry School ,the global warming must make them grow quicker.

  5. Terry

    “Someone tell him about Germany.”

    A lack of information is not the problem. We “employ” (that is to say, provide salaries to) our “worst and dumbest” with faux qualifications and “expertise” to advise our “most nefarious and most incompetent”.

    Why would think that informing them about current examples that their agenda is an insane and an abject failure would make any difference to them at all?

  6. Leo G

    Well sort of, but what was burnt over summer will not burn again for a few years and I fear that the change that she thinks has to happen is not related to things that we can do on the ground.

    I have a (carbon) sinking feeling that Louise’s changes might just ensure the annual repeat of fire season firestorms.

  7. Crossie

    That she has any say over our superannuation funds does not bode well for our retirements!

    I was just thinking that, must workout some way to move as much of my money out before they lose it.

  8. Bob in Castlemaine

    The sad thing is most of our corporate boards are filled with similar woke, PC, gender quota selected time servers. Incapable of seeing beyond the Orwellian Global Government narrative of the “progressive” left, most will simply wave such BS through with nary a thought for the long term consequences of following the Emperor with no clothes.

  9. Russell

    So it’s crazy directions from the Board Risk Committees in Y2K-style all over again.
    Let’s waste business effort and talent that could be doing something that is actually productive.

    Just because someone said: “Half the jobs of this century haven’t been invented yet”.
    Let’s just make up a bunch of do-nothing-practical jobs … good grief

  10. TBH

    Time to go to a SMSF I think.

  11. Squirrel

    This posturing, by people who should (and are paid very handsomely) to know better, is another example of the crap that proliferates in a world drowning in very cheap, very easy credit.

    The only stress-testing of banks should be on their ability to honour their liabilities (most particularly to depositors) without bail-outs, bail-ins, “haircuts” or any other weaselly cop-outs.

  12. Obio

    The Class Actions should be fun

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