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Am I missing something?

Unless you are buying shares yourself, it is most likely that you’ll be holding shares via a Managed Fund or your Super. The Managers who run these funds select the stocks which, in their opinion, offer the best opportunity to produce the highest long term returns. The Managers analyse the activities and profitability of companies to help them with their decision making.

What is interesting is when the same Managers either continue to hold fossil fuel companies or buy more shares in these businesses. Did they not hear about the Paris agreement in 2015 (COP21)? Do they not see what is going on all over the world with so many other managers offloading fossil fuel companies?

cop21paris.org

cop21paris.org

We all know that investing in shares is a form of gambling, so it seems to me that any fund manager who still holds or buys fossil fuel companies is either taking a very short-term punt or they are making a very conscious decision to bet against the Paris agreement and hope that climate change isn’t real. That’s a rather major bet given the overwhelming evidence supporting the man-made negative influence on climate change.

From my point of view, one way of looking at these fund managers is that they are in that strange, small, weird cult of climate change deniers. They must be climate change deniers because if they are not the only other explanation is that they are playing fast and loose with peoples’ money and, as such, should be removed and find another job elsewhere. Do you want someone managing your money who is just making bad calls and gambling? Surely you want someone who understands what they are doing, understands the companies they are buying and has a good understanding of how the real world is changing.

I’d hope that if you are reading this you would be investing ethically and your money won’t be in fossil fuel companies anyway, but if you do have money in mainstream funds you should be worried if your money is being managed by someone who isn’t fit for the job.

When the Fund Managers buy or continue to hold Fossil Fuel stocks, they are in effect betting against Paris COP21. They are making a conscious decision that the Paris agreement will fail and that climate change doesn’t exist. So, despite all of the evidence to the contrary, the majority of Fund Managerss are active climate change deniers. If they weren’t, then they couldn’t hold any Fossil Fuel stocks.


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