My niece has been on the cheerful London protest and I had a chance to discuss it with her last week. I can see where she’s coming from, as it were.
Why are asset managers investing in fossil fuel companies?
No, I think it's just short-termism.Fossil fuels will return to being normal after the current rebellion?
The Guardian said:The simple answer is because they make money. For now, at least. The world needs fossil fuels and will continue to need them during the energy transition, albeit on a much smaller scale.
Publicly listed fossil fuel companies remain among the most profitable companies in the world, so if you invest in an index tracker fund, like millions of people do, they will be there. You will get Apple, Google and Facebook, as well as ExxonMobil and Chevron.
I'm sure that this must have been in the thoughts of the elite, during the marches and protestations of the Tolpuddle Martyrs; The Luddites; The Suffragettes, and all the many other groups that fought for change throughout the centuries.They are naive idiots, but as the weather is less helpful for demos, we will see less of it over the next few months.
But not smart enough to realise that any system (eg untrammeled capitalism and consumerism) relying on constant growth and expansion within a limited space (ie planet earth) is not sustainable long term.smart enough to understand that while they are well meaning, if the outcome they desire happened, it would be ghastly for everyone.
Let’s unpack that a bit.But not smart enough to realise that any system (eg untrammeled capitalism and consumerism) relying on constant growth and expansion within a limited space (ie planet earth) is not sustainable long term.
I understand your scepticism, but democracy (and its regulatory institutions) seems to be the least bad system of government out there. What would your solution be?@rjwooll
”Actually, it never is 'untrammelled' as it always operates in a regulatory environment”
Remind me who puts these regulations together and who polices these regulations?
I have no faith in many of the regulatory bodies that police the major corporate players or government departments be it any of the utilities, police (met specifically and recently) BANKS, :lol: and by no means lastly, the twarts in the two houses.
If I had a solution I would have several larger houses and more cars/toys. :lol:I understand your scepticism, but democracy (and its regulatory institutions) seems to be the least bad system of government out there. What would your solution be?
On the other hand, have you heard the crap the average person spouts? :lol:we all should have a voice that is listened to
Consumption is topping out, so even though population is continuing to grow we will probably have a shrinking consumption / energy-use worldwide before too long. If you are interested in economics & statistics then its a great read:I read somewhere that if the world's population was 500 million, then there would be nothing humans living normally (21st Century "western"/like today standards, I presume) could do to the planet that affected the climate.
Maybe XE need to draw up a list of the 7.3 billion people that are currently "clutter".
The future is going to have to tend towards "shrinking population"... 10 billion into a space that fits 500 million is not going to work, no matter how many vegans (and presumably vegan cats and dogs) there are.