Skip to main content

Let us, the people, take action on climate change

With Global Divestment Day this weekend, a simple and straight-forward message from a farmer:

"Nothing is more important to farmers like me than the weather. It affects the growth and quality of our crops and livestock, and has a major impact on global food supply.

The world’s weather is being messed up by global warming, mainly caused by the burning of fossil fuels, which releases heat-trapping gases into the atmosphere.

If your bank lends money to coal, oil and gas projects, then take your business to one that doesn’t. It will put a smile on your face.
Every national science organisation in the developed world agrees that global warming is real and caused by human activities. That’s good enough for me.

If we keep on burning coal, oil and gas at ‘business as usual’ levels, our grandchildren will inhabit a planet some 5 degrees Celsius hotter by the end of the century – rendering large parts of it uninhabitable, including many currently densely populated areas, which will be under water due to melting glaciers and ice caps.

The impacts on farming in Australia (and everywhere else) of such a rise in temperature would be very severe indeed.

To avoid such a bleak future, we simply must stop putting greenhouse gases into the atmosphere. If our politicians had any common sense, they would change quickly to renewable energy, but sadly they are captives of the fossil fuel industry that funds their re-election campaigns.

Just look at the Nationals, who in spite of claiming to represent farmers, this month declared donations of 30,000 dollars from oil & gas company Santos, 25,000 from coal miner Peabody, and 50,000 dollars from prominent climate change denier and coal & oil company director Ian Plimer.

So, for the sake of future generations, we have to make this change happen ourselves, and the best way to do this is to disrupt the business model of companies trying to make money from fossil fuels by pulling the financial rug out from underneath them.


It’s called divestment, which is simply the opposite of investment. Here’s how it works. If you’ve got shares in fossil fuel companies, then sell them and invest in something that won’t wreck the planet.

If your super fund invests in fossil fuels, then transfer your money to a fund that doesn’t. If your bank lends money to coal, oil and gas projects, then take your business to one that doesn’t. It will put a smile on your face.

The global movement to divest from fossil fuels is gaining momentum, and the more people that take part, the better it works. Share prices (just like wheat and cattle prices) are set by supply and demand, so as more people sell, the price falls.

When a company’s share price falls far enough, it finds it more difficult to borrow money, with which to fund its next coal mine. Take oil and gas company Santos, for example. Due mainly to the recent plunge in oil prices, in the past six months its share price has dropped by almost 50 percent.

As a result, the company has announced plans to cut back on expenditure and reduce its operations.

On the flip side, the more money that flows into companies involved in renewable energy, energy efficiency and green technology, the faster they will grow and the sooner we can put a lid on runaway climate change.

A brave new world awaits. Let’s divest together and change the future!"

Comments

Popular posts from this blog

Big Brother alive and well in the USA in 2007

The so-called "war on terror" has shown itself up in a multitude of manifestations. The most dangerous thing has been governments using the "excuse" of the war to restrict certain civil liberties, allowing government agencies to pursue a variety of things that they would otherwise would not - and should not - be allowed to do and gathering, and retaining, a variety of information on its citizens.

The Washington Post reports on the latest incursions into civil liberties of all Americans:

"The U.S. government is collecting electronic records on the travel habits of millions of Americans who fly, drive or take cruises abroad, retaining data on the persons with whom they travel or plan to stay, the personal items they carry during their journeys, and even the books that travelers have carried, according to documents obtained by a group of civil liberties advocates and statements by government officials.

The personal travel records are meant to be stored for as lo…

Whatever democracy the Palestinians had is dying

Almost a desperate cry from a well-known, respected and sober moderate Palestinian.

Mustafa Barghouthi is secretary-general of the Palestinian National Initiative and a member of the Palestinian Legislative Council. He was a candidate for the Palestinian presidency in 2005.

He writes in a piece "The Slow Death of Palestinian Democracy" on FP:

"Palestinian municipal elections were supposed to be held last week. Instead, they were canceled. A statement released by the Palestinian Authority claimed the cancellation was "in order to pave the way for a successful end to the siege on Gaza and for continued efforts at unity" between Hamas, which governs the Gaza Strip, and the government in the West Bank.

The cancellation of this election was an unjustified, unlawful, and unacceptable act. It damages democratic rights and makes a mockery of the interests of the Palestinian people.

But this is far more than an internal Palestinian issue. The only lasting peace between Isr…