Reference:- Superannuation funds are ditching their shares in fossil fuel companies . And also turning away from companies that are trashing the planet in other ways .
Dear Peta ,
We discovered on your excellent show that woke superannuation companies are virtue signalling at the expense of mum and dad investors . What do they hope to gain ? As you say , the whole point of an investment fund is to make money . And as we all know ( except marxist greenies , of course ) , money is what makes the world go around .
A woman such as yourself , with many decades of experience , should be able to convince those investment firms to rethink their decision . Doubtless you are fully armed with the requisite arguments .
As somebody once said " What is the point in having a pristine coral reef if we go broke protecting it so that nobody can afford to blast over the polyps on a 200 horsepower Jet Ski ? " .
Anyway Peta , here's something you may not have thought of .
Let's imagine that the super funds keep investing in fossil fuels , and lets assume furthermore that they make a lot of money . If you are right , and the environment suffers no ill effects, they will have done the right thing .
On the other hand , in the unlikely event that all those marxist scientists are correct , global warming will cause civilization to collapse over the next few decades , and those superannuation companies won't be required to pay out their beneficiaries . It's a win win situation .
Ken junior , always the contrarian , reckons that investing in green energy makes sense . He showed me a graph which does indicate that shares prices in green companies are growing strongly . That may be the case at present Peta , but the more astute among us are well aware that any growth in the green energy sector is not sustainable .
Your comrade , Ken .
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