Climate Change? Nahhh ...

I know the grabby headline is kinda the point, but do you ever really read one of these gaspers? As a fer-instance, this passage ...

... is laughable. You know who else owns stocks in fossil fuel companies? More than two million participants in the California Public Employees Retirement System (CALPERS).

 

https://calmatters.org/economy/2023/06/california-pension-calpers-fossil-fuel/

 

Another in-the-story plum ...

Also, the answer to the question posed in the headline -- Will California’s largest pensions, CalPERS and CalSTRS, divest from fossil fuels? -- is a pretty firm "No." The MAGA-er who chairs the oversight committee wouldn't even give the proposition a committee hearing.

 

Small country, yes - but ten million people.

Portugal just ran on 100% renewables for six days in a… | Canary Media

 

Fort Lauderdale is nine feet above sea level. And that rainwater has nowhere to go, since it just drains into the sand and the aquifer until it can't hold any more. Plus the Lake Okeechobee Flood Control District can't release any additional water into the canals if the canals can't drain out to sea.

So basically they're getting practice for when the real fit hits the shan in a few more decades.

 

When economists from the University of Groningen in the Netherlands and the University of St. Andrews in Scotland compared the financial performance of investment portfolios with and without fossil fuel company stocks from 1927-2016, they found that divested portfolios “would not have significantly underperformed” during that period.

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This isn’t the first legislative push for fossil fuel divestment. Last year a similar bill was passed by the Senate, and then died in the Assembly’s committee on public employment and retirement. It might have a better shot this time, thanks to some political musical chairs. Previously, the Assembly’s public employment committee was led by Jim Cooper, an Elk Grove Democrat who was opposed to the Legislature directing state pension funds on how to invest, Frost said. Now he’s left the Assembly, and the committee has a new chairperson, Tina McKinnor, a Democrat from Inglewood.

There's still hope!

 

Bet it costs the customers a shitload, too.

 

The jet set: 200 celebrities’ aircraft have flown for combined total of 11 years since 2022

 

All the more reason 99% of the world is justified in holding up a middle finger to anyone who suggests they need to sacrifice for the sake of the planet.

 

Of course working-class people care about the climate crisis: they emit the least, but will suffer most | Roger Harding

 

www.pbs.org/newshour/science/this-study-calculated-the-carbon-emissions-of-getting-rich

 

https://www.washingtonpost.com/clim...08/17/greenhouse-emissions-income-inequality/