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1. How is this underhand scheme to be resisted ? Certainly we can express our dismay and outrage that our money is funding UN activities, but fund managers are unlikely to respond if the returns are there.

   Comment by Ayrdale | February 4, 2010 | Reply

   • What returns. Most green schemes (solar, wind, etc) only happen because of government subsidies. What happens when governments run out of money and there are no subsidies? It means your investment goes belly up and you lose your money. Look at Spain for every green job created they lost 2.2 normal jobs. All that is happening is they are creating an artificial green business environment that is anything but sustainable – especially from a financial point of view.

     I would think people can instruct their fund managers on who they do and don’t want to invest their savings with – and to do so in writing. It is their money not the funds.

     Comment by twawki | February 4, 2010 | Reply

     • I would also think that the government backing this scheme is illegal (need legal opinion here) as it is not democratic, does not support free trade or business practices and it is giving undue preference which is an abuse of civil rights. For some reason being green now means you have the rights to discriminate against others – I don’t think so.

       Comment by twawki | February 4, 2010

2. Social comments and analytics for this post…

   This post was mentioned on Twitter by John_Leal: Super Green, putting your retirement in Al Gores hands? – http://tinyurl.com/ycbygdj...

   Trackback by uberVU - social comments | February 4, 2010 | Reply

3. [...] (follow up post here) [...]

   Pingback by Al Gores getting his hands on your super! « TWAWKI | February 6, 2010 | Reply

4. [...] for responsible investing) which directs superannuation/retirement funds into UN backed causes already has hit $80 trillion and growing. This means peoples retirement savings are going to be wasted on risky, expensive green projects [...]

   Pingback by UN salivating over greed and power! « TWAWKI | February 9, 2010 | Reply

5. Before slagging off at the UNPRI have a good look at what it is and what it isn’t. these overtones of world conspiracy and al gore taking over our money just makes you look nuttier than you may already be. The comments coming back are very confused and ill informed about how the financial system and super system works.

   - PRI is an extension of ethical investing. It is a set of internationally agreed principles for responsible investing in Australian and global firms via equity or debt markets e.g. buying stocks on the ASX. So it is a screening of firms that do business in a long term sustainable way ie. those that follow sound best practice (ESG) environment, social and good governance /risk management . These are principles that most sensible people would say makes the planet a better place to live in. Hence they are investing in major and smaller firms all over the global and not into al gore funds. Yes al gore has an investment business and he wants to attract super funds to use his firm just like AMP does. No different .

   It is no big secret…APRA regulations require full disclosure of all impacts on investments and so this is notified to all super fund members.

   - the big guys have worked it out. Calpers (Californian public employees retirement scheme) manages $1,153 billion on behalf of 1.6 million pensioners. These are the investment managers of one of the biggest pension funds and have one of the better investment teams in the world. They say “We at CalPERS found that these principles are consistent with our own corporate governance efforts and in accounting for environmental and social factors to enhance our investment returns.”
   They just might know a little bit more about this than you and I. So less global conspiracy and bit more balanced facts and arguments after good research vs. some tabloid level that you are doing here. Also being linked into global conspiracy peddlers like these http://www.globalresearch.ca/index.php?context=home
   http://www.2012-thecountdown.com/2012-thetruth.htm
   really reduces your credibility.
   Come on this is the sort of stuff that late night callers to shabby shock jock talk back shows worry about. Do I laugh or cry?

   Comment by michael | February 10, 2010 | Reply

6. What it is is the UN redirect funds into areas they benefit from – its not that difficult.

   Comment by twawki | February 10, 2010 | Reply

7. [...] UNIPCC – Copenhagen new global governance structure to oversee greenhouse gasses, PRI and how they aim to take control of the finance industry, REDD etc The ultimate aim of these GGOs is to usurp our national and sovereign [...]

   Pingback by The rise of the GGO « TWAWKI | March 15, 2010 | Reply

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