This is brilliant from Make My Money Matter:
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Indeed, it’s brilliant.
Never a fan of Theresa May (far from it), I find myself increasingly warming towards her (which shows how had things must be).
As reported on the Guardian Politics blog his morning:
‘Sunak has been strongly criticised by Theresa May, the former prime minister. As PM May legislated to put the 2050 net zero target into law and, speaking to the Times, she said she was opposed to the plan in the king’s speech to legislate to ensure new North Sea oil and gas licences are issued every year. Sunak has said he wants to “max out” these resources. But May said:
“I take a different view from the government on the oil and gas licences. This is about [a] phase-out and, ultimately, that is what it has to be about in terms of fossil fuels … ” ‘
I have never been more depressed about the state of world leadership than I am today, the start of CON28.
Pension funds invest billions in fossil fuel companies.
Why not apply a tax on the output at point of burning like what that Nobel winner said.
It’s not clear if this is just a slick video calling for pension funds not to invest in fossil fuel companies, if they think it should be illegal perhaps, but it would only make the companies more attractively priced for other investors.
Lots of pensioners have asked their funds to divest from fossil fuels. Some have; some haven’t. Everyone can only try their best.