Environmental concerns...

[Garpal Gumnut]

What i'd like to know is how many of us on this forum who are genuinely concerned about the environment own stocks in companies who directly or indirectly add to the growing problem of greenhouse emissions i.e mining companies, petroleum companies and other related heavy polluting industrials in search of a quick buck. None of us including myself I could be wrong though, I have tried to invest in companies for the long term that will decrease carbon emissions i.e EDE, EVM. hopefully my portfolio will cancel each other out and i will contribute 0% Greenhouse emissions on my Trades.

Well said BWA,
It seems that many of the green investors on this particular thread don't mind making a quid as long as they don't know how its made.

You cannot mine or drill or explore without stuffing the environment. You can pay "consultants" with dubious degrees to sign off that all is pristine.

It reminds me somewhat of all those old geeks who turned Palm Sunday into some sort of green/peaceful/left walkabout. Ten/fifteen years on, not a peep out of them. Probably all vote for L'l John and go to Hillsong now.

Garpal

 

[chops_a_must]

You cannot mine or drill or explore without stuffing the environment. You can pay "consultants" with dubious degrees to sign off that all is pristine.

You can't make wind turbines or solar panels without the produce from mines...

 

[Rafa]

exactly, the fact you are using a computer to post on this forum means your pollluting the planet (and its not just electricity to run, think about the plastics, the silicon, etc, etc)

what sort of silly arguement is this!

 

[Aussiejeff]

In todays Herald Sun ...

"FOREIGNERS are set to be major beneficiaries from the Federal Government's $3 billion plan to buy back water licences on the Murray-Darling.

The Australian newspaper has revealed overseas based companies and residents have significant stakes in the waterway.

The largest irrigator, Twynam Agriculture, is owned by Kahlbetzer Investments, which is headed by Argentine cattle baron John Dieter Kahlbetzer.

However, Mr Kahlbetzer is an Australian citizen and Twynam is an Australian registered company.

But cotton farmers Auscott Ltd, another big Murray-Darling grower, is wholly owned by JG Boswell Co, a major US cotton producer.

“We are operators not sellers and we intend to stay that way,” Auscott chief executive David Anthony said.

At the same time, British company John Swire owns big NSW irrigator Clyde Agriculture, while the Mildura-based irrigator Tandou Ltd's biggest shareholder is a Swiss company."

Now, of course these links to massive multinational companies (siphoning off ****loads of dough) wouldn't be behind the Feds plan to "pour" $3 billion worth of liquidity into Oz water resource management would it?

Sigh. I'd better go take another 'anti-cynical' pill...



AJ

 

[BIG BWACULL]

exactly, the fact you are using a computer to post on this forum means your pollluting the planet (and its not just electricity to run, think about the plastics, the silicon, etc, etc)

what sort of silly arguement is this!

a quick buck is a good buck but at what cost, all i say is be responsible with your choices, Maybe rafa for instance you could go back to telegramming your broker you orders LOL , get some solar panels on your house and cut emissions, my mate down the coast a while back got panels put on his house his yearly bill is +$20 thats right over the whole year he gets paid as he sells excess back to the grid. Make informed choices or follow the masses and rape the planet, Whats the point of being the richest man in the world when theirs nothing left to enjoy it on. Every bit helps.

 

[macca]

Hi AussieJeff,

The simple truth of the matter IMO, is that the MurrayDarling basin is a mess, caused by the fact that it spreads through four states.

At present each has the right to sell water allotments, they have done so to the extent that 128% or more, of the average water flow has been sold.

The only solution is that someone administers the whole lot otherwise we are going to end up with range wars and state feuds

Just last month Qld sold off more water rights to the Warrego River, this is a feeder into the Darling, so even in times of southern drought, Qld are pumping more water out, leaving less for everyone else downstream.

Something has to be done to give everyone "a fair go" , who actually owns the water rights is actually irrelevant to the fact that the water supply needs to be rationed, so that everyone has the opportunity to use their farmland properly and the river is kept in a healthy state.

The present owners of the water rights paid the states for them, by law they have the right to then sell them to anyone who will pay.

If you are unhappy that they are owned by overseas interests, then you need blame the states, for they are the ones who sold them in the first place.

Just as an aside, how do those in WA, and Tas feel about the fact the states have created the mess and the Commonwaelth is wanting to fund the solution ?

I guess the generous distribution of GST to the smaller states needs to be balanced at some time.

BUT I guess in the long term, the River itself, is the what we need to look after as best as we can and that can only be done by one authority so we can avoid the current buck passing and finger pointing.

 

[billhill]

Just as an aside, how do those in WA, and Tas feel about the fact the states have created the mess and the Commonwaelth is wanting to fund the solution ?

Being from WA i can't help but feel the coalition governments only concern about us is the royalties and taxes they can screw from from our well run ecconomy. That said apparently Carpenter has been promised a slice of the water pie, how big remains to be seen.

 

[Smurf1976]

Just as an aside, how do those in WA, and Tas feel about the fact the states have created the mess and the Commonwaelth is wanting to fund the solution ?

I guess the generous distribution of GST to the smaller states needs to be balanced at some time.

I'd be very wary of anything involving the Commonwealth, the states and water.

To be blunt, if it's Sydney or Melbourne (and to a lesser extent Brisbane) that stands to lose then the Commonwealth bends over backwards to make sure it doesn't happen. Witness the climate change debate noting that most coal used in Australia is to keep the lights shining in Sydney, Melbourne and Queensland. And we don't see mines shut down, mills or dams scrapped by the Commonwealth when it affects the major cities.

Meanwhile those in Adelaide see their upstream water supply mismanaged to the point of outright crisis. Those in WA see their fuel supply (NW Shelf gas) sold "in the natonal interest" with no regard for WA's future needs. And Tasmania never did actually receive (except for a few brief moments until it was taken straight back) the dams compensation promised back in 1983 (though I suppose the GST revenue split could count as partial compensation, albeit 17 years late).

All things considered, I wouldn't be surprised to find that 20 years from now we're diverting water from the Murray into the urban supply for Sydney and Melbourne. Never mind those in the bush or in Adelaide...