Further to my post yesterday on Al Gore seeking to get Australian (and international) super funds to invest in his companies I have done a little research and found an interesting growing web of government backed financial interests pushing for private enterprise to invest in companies that have UN backed business/green policies. You will see below most Super Funds are now signed up and this means your retirement funds are more and more likely to go towards the likes of Al Gore and his associates. All without your knowledge or approval!
They call it PRI – the UN principles for responsible investing.
How much money do they already have signed up?
$18 trillion dollars
Quote; “In essence, those parts of the investor and finance community engaged in climate change policy discussions believe that the power for good of capital markets and private investors to allocate capital and release finance to the ideas, entrepreneurs, technologies, companies and communities which, at the end of the day, will deliver the much needed transformation to a low carbon economy, should be recognised in any agreement delivered by CoP15 or in subsequent meetings in 2010.”
See the letter to the heads of State at Copenhagen
Another speech on it here by Australian Environment Minister Peter Garrett.
Quote from speech; “In Australia alone, there are 87 signatories representing more than $US500 billion in assets. Approximately 40 per cent of our funds under management have signed up to the PRI (principles of responsible investing), making Australia the best represented country in the world for PRI signatories”.
This quiet but overarching change is happening right before us in the halls of power and money we are not being adequately informed. These NGOs (non government organisations) are slowly increasing their power as their policy is backed by the government and foisted upon private enterprise.
Whilst the left constantly derides capitalism they have no problem when in government of aiding and abating any business they see fit. Not only does this cause huge conflicts of interest but it also brings into question issues of impartiality especially when the whole global warming dogma continues to collapse. We now have the situation where hundreds of billions of peoples savings are being directed towards policies that are based on inconclusive science at best and fraudulent science at worst.
Check to see if your fund is on the list;
UNPRI signatories; lists from site as follows;
|Australian Capital Territory||Australia|
|Catholic Superannuation and Retirement Fund||Australia|
|Catholic Superannuation Fund||Australia|
|CBUS Superannuation Fund||Australia|
|Energy Industries Superannuation Scheme (EISS)||Australia|
|First State Superannuation Scheme||Australia|
|Goldman Sachs JBWere Superannuation Fund||Australia|
|HESTA Super Fund||Australia|
|IAG & NRMA Superannuation pty Limited||Australia|
|Insurance Australia Group (IAG)||Australia|
|Local Government Superannuation Scheme||Australia|
|State Wide Superannuation Trust||Australia|
|Telstra Super Pty Ltd||Australia|
|UniSuper Management Pty Limited||Australia|
|Victorian Funds Management Corporation||Australia|
UNPRI Investment Managers;
|Agricultural Management Company||Australia|
|AMP Capital Investors||PRI services||Australia|
|Apostle Asset Management||Australia|
|ArkX Pty Ltd||Australia|
|ATI Asset Management Pty Ltd||PRI services||Australia|
|Atom Funds Management Pty Ltd||PRI services||Australia|
|Australian Ethical Investment Ltd.||Australia|
|Aviva Investors Australia Limited||Australia|
|Axiom Properties Limited||Australia|
|Bakers Alternative Energy Ltd||Australia|
|Bennelong Funds Management Limited||Australia|
|BT Financial Group||Australia|
|Carnbrea & Co Limited||Australia|
|Challenger Managed Investments Limited||Australia|
|CHAMP Private Equity||Australia|
|Charter Hall Group||Australia|
|Colonial First State Global Asset Management (including First State Investments)||Australia|
|Dalton Nicol Reid||Australia|
|EG Funds Management||Australia|
|Eureka Funds Management||Australia|
|Five Oceans Asset Management||Australia|
|Global Value Investors Limited (GVI)||Australia|
|Goldman Sachs JBWere Asset Management (Australia)||Australia|
|Greencape Capital||PRI services||Australia|
|Herschel Asset Management||Australia|
|Hyperion Asset Management Limited||PRI services||Australia|
|Industry Funds Management||Australia|
|Investa Property Group||PRI services||Australia|
|Investors Mutual Limited (IML)||PRI services||Australia|
|Ironbridge Capital||PRI services||Australia|
|JF Capital Partners Ltd||Australia|
|Legg Mason Asset Management Australia Limited||Australia|
|Lend Lease Investment Management||PRI services||Australia|
|Maple-Brown Abbott Limited||Australia|
|Members Equity Group||Australia|
|Northward Capital||PRI services||Australia|
|Perennial Investment Partners Limited||Australia|
|Regal Funds Management||Australia|
|Solaris Investment Management Limited||Australia|
|Souls Funds Management Limited||Australia|
|The GPT Group||Australia|
|Treasury Asia Asset Management (TAAM)||Australia|
|Tyndall Equities Australia Limited||Australia|
|UCA Funds Management||Australia|
|Zurich Financial Services Australia Ltd||Australia|
It makes you ask the question how secure is green investing when green dogma isnt secure at all! If AGW collapses, once again (just like the WFC) the fund managers will have made their profits and you’ll be left with an empty basket!
It also means if you are in business and you dont support UN policies you will see an ever diminishing pool of funds to support and grow your business. hardly what you could call democratic or a free society.
Dont worry Al Gore is on track to be the first carbon billionaire – like he lives in luxury – hell be able to retire in the same!