There is an amusing side to this. "Green" investments are based on false assumptions so will probably go broke. And that will take the retirement funds of the BBC staffers with it
Guess what? The man responsible for looking after the fat pensions of the boys and girls at the BBC is a climate change fanatic, and he is part of an international group of investment managers who bust a gut to invest in 'climate change' schemes. He's called Peter Dunscombe, and he runs the œ8.2bn corporation pension fund, advising trustees on a day-to-day basis about their investments. Mr Dunscombe, who addresses conferences about 'ethical investments', is also chairman of the Institutional Investment Group on Climate Change(IIGCC), which has 47 members and manages four trillion euros' worth of investments; yes, four trillion. Their goal is to find as many 'climate change' investment opportunities as possible:
The IIGCC Investor Statement on Climate change was launched in October 2006. Asset owners and asset managers who signed the Statement committed to increasing their focus on climate change in their own processes and in their engagement with companies and governments.
So now we really know why BBC staffers are so fanatical about 'climate change'. It's naked self-interest. In 2008, there were 18,736 contributors to the BBC pension fund; every man jack of them benefits from climate alarmism.
Update: I've been going through the latest BBC Pensions Trust report, and it reveals that Helen Boaden, who is the overall boss of the BBC's news and current affairs operation, was appointed to the trust in 2008. So the woman who tells environment reporters such as Roger Harrabin and Richard Black that the science is settled also works to maximise the returns of the pension fund with Peter Dunscombe. I thought that needed spelling out fully, just in case any subtleties might be missed.
Don't socialists know that they can't abolish the laws of economics no matter how much they work to monopolize and manipulate the liberties of others in the economy?ReplyDelete
Why doesn't everyone just see it for what it is, socialism is big when it comes to people with money because it helps them scam the world and keep everyone oppressed. It is so horribly ironic. So Orwellian. So bankrupt and disturbing. Toxically slimey, if I can double up on the irony here.