Prime Minister Scott Morrison has backed Australia's resources sector as the world's largest investment manager signalled it will immediately dump thermal coal from its huge $10 trillion global portfolio., but the change will have limited impact on its hefty holdings in Australian mining and energy companies.Alex Ellinghausen
Climate change moved sharply into focus this week after Mr Morrison signalled his government could change its approach to emissions policy amid the unfolding bushfire crisis, although he ruled out lifting emissions targets or introducing a carbon tax. Fund manager Martin Currie, which manages $12.5 billion in Australian equities and a total of $24.6 billion globally, estimates BlackRock's target will exclude investment in only 0.3 per cent of Australia's top 200 companies.
Bronte Capital hedge fund co-founder John Hempton, which avoids fossil fuel investments, said BlackRock's decision was "good marketing .. but it's actually a good investment decision too."
Repeat after me: Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero tax paid Zero ta...
Shifting of Wealth. Sellers of coal stocks will make share prices drop. Waiting in the wings - Smart money buying at bargain prices. Jump forward a few years - new technologies, changes in attitudes, desperation for energy. That coal will be highly desired
Wouldn't want to be in scottyfromselfmarketing's team of losers
Australia nowhere to be seen only on the bottom of the coal column
Why are they picking on Australia?
This is according to the latest Key World Energy Statistics report by the International Energy Agency (IEA), which provides data for the 10 largest coal-producing nations, including third-placed US, which produced 9.2%, or 672 MT, and Australia, which produced 6.9%, or 503 MT
Why are they picking on Australia? The coal giants As a result, China produced 3,242 MT of coal in 2016, dwarfing the world’s second biggest producing nation, India, which accounted for 9.7%, or 708 MT, of the world’s total in 2016
Good
If the coal mine in Australia is closed. Would it be better?
This will be a transition over 50 years... to make them appear Environmentally friendly
How does he think steel is made for all those wind turbines? 😂
Well if that is consistent with the investors desires and the company charter please get on with it and stop grandstanding you are after all just another employee?
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PM focused on 'initial and additional' support to manage drought, fire crises | Sky News AustraliaPrime Minister Scott Morrison says “the recovery continues, and the fires also continue, so we’re dealing with both of those conjointly”.\n\nMr Morrison said he does not “want to see support that is being provided for drought redirected, to support and respond to the bushfires”.\n\nMr Morrison said he is focused on “initial and additional” support, meaning the government “will continue to roll out the work on drought response in all of these communities,” as well as bushfire relief. \n\nThe prime minister is expected to meet with the Treasurer in Canberra on Tuesday to discuss recovery funding and assistance for fire-ravaged communities. \n\nThe bushfire crisis will cost the Australian economy an estimated $5 billion and cut up to 0.5 per cent of its economic growth.\n\nImage: News Corp Australia Just like drink suppliers they are guilty of pollution until all bottles are returned and recycled Australia is guilty of the pollution our coal causes where ever it goes and is burned or ? HEY STUPID LEAVE COAL IN THE GROUND Some of your recordings lately are pretty poor. It's only Sky, so it's not my computer. Ok who out there has used this fake map of AustralianFires showing our whole country ablaze? 🔥 Thanks for trying to destroy our tourism and our economy auspol ClimateEmergency
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PM announces $75,000 grant offers to farmers | Sky News AustraliaThe Prime Minister has announced farmers and primary producers affected by bushfires will soon have access to grants of up to $75,000. \n\nThe money will come out of the government's $2 billion fire recovery fund.\n\n“We have agreed on an important package to support our farmers…we will provide grants up to $75,000 to farmers and primary producers in the affected areas,” Scott Morrison said. \n\nMeanwhile, Victorian Premier Daniel Andrews launched a review of this bushfire season on Tuesday, soon after Prime Minister Scott Morrison flagged a potential shift in the Coalition's climate policy after he called for a royal commission into crisis on Sunday.\n\nSky News Political Editor Andrew Clennell said there are now three inquiries into this year’s bushfire season 'with the end result being every jurisdiction just blaming each other”. \n\nMr Clennell said “one of the aims of a national royal commission, from what the prime minister says, is to give him cover and perhaps to blame NSW for the fact that defence when in at the time it did”. \n\n“There are real concerns I think about the politisation of all these inquiries… I would have thought a wiser way to go would be a joint federal, state royal commission.'\n\nImage: Getty Has Gina claimed $75k. She has an apple tree that was smoke effected. Watch the rorts commence with NLP politicians first in line. Like the water buybacks, it’ll be exploited. WHY ARE TAX PAYERS FOOTING THE BILL?! Why aren't the people/orgs responsible paying!?
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PM Morrison has delivered a 'Herculean effort' on bushfire relief and recovery | Sky News AustraliaSky News host Chris Smith says Prime Minister Scott Morrison has “thrown the kitchen sink at relief and recovery,” in the face of the devastating bushfire crisis gripping the nation. \n\nMr Smith said the prime minister has produced a “Herculean effort” to address bushfires in the nation since he returned from a widely criticised family holiday to Hawaii in December.\n\nDespite Mr Morrison facing a “political pile-on”, Mr Smith said climate protesters should be targeting their demands at the United States, China and India, as opposed to Australia.\n\n“According to climate scientists,” Mr Smith said, those are the countries that “can change the rate of warming”. \n\nThe Morrison government is now “acting on, and changing policy to appease the loudest voices, voices who stupidly think that we can change the weather from Australia,” Mr Smith said. \n\nImage: Getty\n ScottMorrisonMP Chris Smith: class act. ScottMorrisonMP All most believable!!!!! Almost ScottMorrisonMP Not really. Still a heap of water bombers sitting on the tarmac in Canada that was offered to us. And even if he did, two months too late until he started getting bad press. Pathetic.
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PM to hold round-table discussions with fire-affected businesses | Sky News AustraliaPrime Minister Scott Morrison will host a roundtable in Canberra today, speaking with small business from bushfire-affected areas, with tourism boosting measures high on the agenda.\n\nThe Prime Minister, Treasurer Josh Frydenberg and Small Business Minister Michaelia Cash will meet with industry groups - with small business owners joining the discussion over the phone.\n\nMany local businesses have been impacted heavily by emergency fires, largely by tourists urged to flee or avoid visiting certain areas entirely.\n\nImage: News Corp Australia\n\n ScottMorrisonMP ScottMorrisonMP ScottyFromMarketing at it again ScottMorrisonMP To little to late sonny.
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World's largest fund manager cuts thermal coal exposure on climate concernsAfter facing activist pressure over its position as a major investor in fossil fuel companies, BlackRock has vowed to toughen its stance on climate change. euronews Belanglo European Backpacker accused murderer, IvanMilat went to his grave last year. Claiming entire incarceration,not guilty of crimes, ogre still at large. MH370. Westminster accepted pension offer made by my suspect. Scales of justice with science,afflicted smh
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Aussie mauling makes cricket historyAustralia sent an ominous warning to world cricket after David Warner and Aaron Finch’s obliteration of India delivered a 10-wicket win and their biggest ever ODI victory over the hosts. Have the bans made Australia a better team? Warner and Smith arguably now better. Paine more confident as captain of test team and Finch getting support to release individual pressures. World Cricket witnessing a new age!
Source: newscomauHQ - 🏆 9. / 77 Read more »