Remove the yoke imposed by the woke on energy investment

We have G7 Finance Ministers, regulatory authorities, woke businesses and their industry associations and governments themselves all trying to choke-off funding for hydrocarbons. We also have government institutions like CSIRO fabricating cost data to prove that renewables are cheaper (though such assessments are never followed by the corollary that we should cease renewables subsidies).

Most businesses, even those like electricity utilities and miners deeply enmeshed in fossil fuels are mouthing the net zero emissions catechism. In addition, BlackRock and other global financial institutions, and all Australia’s union-dominated “industry” funds, filter their investment decisions against firms supplying and “excessively” using hydrocarbon fuels.

I have a piece in The Spectator which addresses this.

Excluding broad sectors of the market is likely to bring about lower investment returns.  This is not evident at present – the returns of the superannuation funds that are most gung-ho in rejecting politically incorrect energy match those of the leading performers. It may however be that the weight of new investment discriminating against energy stocks has suppressed their relative prices.  In that case a future correction is likely.

The discriminatory policies of superannuation funds (and the willing or unwilling matching behaviour of energy businesses) is contrary to the interests of hydrocarbon rich Australia (as well as developing countries).  Rather than encouraging firms to exclude such investment opportunities, the Government should prohibit the custodians of individuals savings that are favoured by regulatory measures from investing using political criteria.

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7 Responses to Remove the yoke imposed by the woke on energy investment

  1. min says:

    Evidently CSIRO people have not viewed Michael Moore’s The Planet of the Humans still available on Rumble that explains just how environmentally friendly, cheaper and better than fossil fuels , renewables are . In fact those on the left had it removed from Google as he explained it so-well.

  2. m0nty says:

    Rather than encouraging firms to exclude such investment opportunities, the Government should prohibit the custodians of individuals savings that are favoured by regulatory measures from investing using political criteria.

    COVID lockdowns are fascism! Also, the states should coerce citizens into investing in coal, for FREEDOM!

  3. Terry says:

    ‘COVID lockdowns are fascism!’ – Yes

    ‘Also, the states should coerce citizens into investing in coal…’ – Simply no need. Just remove subsidies for dirty wind turbines and solar panels and people will naturally adopt the cheaper and more reliable coal option.

    To give coal some competition (and further reduce costs), unban Nuclear and watch dirty wind turbines and solar panels disappear from the national grids.

  4. Kneel says:

    “COVID lockdowns are fascism! Also, the states should coerce citizens into investing in coal, for FREEDOM!”

    You either left off the </sarc> part, or someone has reprogrammed Monty.
    <sarc>Must be all those magnetic vaccine parts, eh? </sarc>

  5. Diogenes says:

    Monty,
    My super fund has an “ethical” option. It has no “tobacco, weapons, coal” option, which is where i would like my money invested. Despite a long hunt, I have not been able to find a fund that offers such a thing.

  6. gowest says:

    Waste of time Alan – we must have lower power prices to keep us warm and survive covid this winter. We don’t care how they do it – we just want the power prices cut. State governments make a fortune out of high power prices. The govts are forcing Miners and businesses to change their operations to benefit from the free part of renewable energy production. Meantime energy suppliers are able to cut the power cost anytime -we should be charged for the cheapest form – coal, gas whatever, instead they charge us cost plus the profit for govt super funds – climate change is a scam tax by stealth – straight into public servant pockets – evil!

  7. will says:

    no “tobacco, weapons, coal” option, which is where i would like my money invested

    this is now the province of the private equity funds

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