Prince Charles wants pension funds to help finance his climate obsessions

Posted: July 1, 2021 by oldbrew in alarmism, climate, net zero, opinion
Tags:

greenhouseAnyone in charge of large pots of other people’s money is in his sights, it seems. The people whose money it is are excluded from the conversation, such as it is, of course. Just keep shouting vague buzz terms like ‘climate change’,  ‘greenhouse gas’, ‘net zero’, ‘biodiversity’ etc. and wait for the money to roll in.
– – –
HRH Prince Charles has called for “real action” from the pensions and investment industry on tackling the “existential threats of climate change and biodiversity loss”, says Corporate Adviser.

His call to action was made at the Pensions and Lifetime Savings Association’s online ESG conference.

Setting out the challenge Prince Charles said: “I have spent much of the last forty years trying to get across the message about why sustainability matters and… frankly, I am fed up with all the talking. We know now what needs to be done.”

He said that institutional investors, pension professionals, chief finance officers and accountants attending have an “essential role to play in driving the urgent and substantial change required”.

He added: “Your ability to raise and allocate funds for transition and adaptation, to embed greenhouse gas reductions within your organisations’ decision-making processes, to influence others and to track and report on progress against these targets places you at the very heart of the transition.”

Earlier this year Prince Charles Sustainable Markets Initiative launched the ‘Terra Carta’ – a blueprint for the next decade on ways to balance prosperity with the needs of nature, people and the planet.

He said this initiative reflects the “considerable progress that has been made in forging consensus on the direction humanity must take and the milestones we must meet by the middle of the century to secure a sustainable future”.

Prince Charles says he was encouraged by the number of organisations signed up to this agreement and also committing to net zero targets.

Full article here.

Comments
  1. saighdear says:

    ‘call to action was made at the Pensions and Lifetime Savings Association’s online ESG conference’ – Of course! – who invited him in? What else did they expect him to say? We highlanders have an old saying WRT to thae city fowk:’ when asked a silly question, give a silly answer’. …..

  2. oldbrew says:

    The Telegraph also reports it.

    Pension providers should channel billions of pounds of savings into green projects to help fight climate change, The Prince of Wales has said.
    . . .
    The UK pensions market is the third largest in the world, behind the US and Japan, with assets totalling $3.6 trillion (£2.6 trillion).

    However, there are concerns that any rapid withdrawal of cash from fossil fuel companies seeking to transition to cleaner alternatives could hurt their plans and result in lower returns for savers.

    https://www.telegraph.co.uk/business/2021/06/30/prince-charles-urges-pension-funds-use-savers-money-advance/
    – – –
    He reckons they should just take his word for it and bend to his will 🙄

    Never mind the savers.

  3. pochas94 says:

    I grieve for the decline of the British Empire.

  4. pameladragon says:

    Gosh, he just has no respect for the will of the people! How dare he mess with the pension fund that so many depend on? It would be a terrible mistake for these funds to back out of oil and into renewables or some other cockamamie scheme. If he is so sure it’s the right thing to do, let him invest his own considerable wealth

  5. Gamecock says:

    “I have spent much of the last forty years trying to get across the message about why sustainability matters and… frankly, I am fed up with all the talking. We know now what needs to be done.”

    “essential role to play in driving the urgent and substantial change required”

    I don’t know about you, but to me, after forty years, you might get the idea that is isn’t urgent.

    The beauty of kicking the can down the road. After 40 years, you might just pick up the can and go on about your business.

  6. ivan says:

    Maybe Charlie should not only talk to his plants but also listen to their needs. It would also help if he actually looked at the real world situation and consider the fact that most of the ‘renewable’ ventures are killing off the birds, bats, bees and other insects and not providing enough power to justify their use, if it wasn’t for the subsidies.

  7. tom0mason says:

    To HRH Prince Charles,
    I call for “real action” from the Royal family on tackling the “existential threats of climate change and biodiversity loss”. To this end, ALL government assigned funds to ALL members of the Royal family and all profit from Royal enterprises must be redirected to fund the action.

    TRANSPORT UPDATE:
    Your official sustainable & organic Royal Electric Bicycle, to replace all the ICE powered vehicles, will be dispatched tomorrow. The Royal Glider is nearing the end of the test stage, and will be available as soon as soon as Mrs Withenshore completes knitting the new undercarriage.

    Your Royal subject No. 24344395.

  8. oldbrew says:

    ‘Real action’ — wind power edition…

    0.4% of 33 GW is pathetic.

  9. Gamecock says:

    Solar 7.5% at 0810 . . . is that correct? I didn’t think solar produced until late morning.

  10. oldbrew says:

    Gamecock – 8:10 UTC is 9:10 BST.

    Sunrise in London was 4:48 BST today.

  11. Gamecock says:

    Got it. Forgot how far north you are.

  12. Gamecock says:

    I assume then that solar output on the winter solstice is awful.

  13. oldbrew says:

    Yes, short daylight hours and low sun aren’t much use for PV power.

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