Breakingviews - Aussies put net-zero nationalisation on the map Brv - Clm HEAD TOPICS

Breakingviews - Aussies put net-zero nationalisation on the map

10/21/2022 8:10:00 AM

From Breakingviews - Aussies put net-zero nationalisation on the map

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Reuters

From Breakingviews - Aussies put net-zero nationalisation on the map Nationalisation and capitalism are supposed to be like chalk and cheese. But Daniel Andrews, the Premier of Victoria, Australia’s second-most populous state, is toying with a hybrid of the two that could speed up reducing carbon emissions and give the private sector much of what it has been asking for. ByAntony CurrieVictoria's State Premier, Daniel Andrews, speaks to the media regarding Thursday's incident involving a vehicle ploughing into pedestrians in Melbourne, Australia December 21, 2017. REUTERS/Luis AscuiMELBOURNE, Oct 21 (Reuters Breakingviews) - Nationalisation and capitalism are supposed to be like chalk and cheese. But Daniel Andrews, the Premier of Victoria, Australia’s second-most populous state, is toying with a hybridof the two that could speed up reducing carbon emissions and give the private sector much of what it has been asking for.On Thursday Andrews said that his Labor government, if re-elected next month, will invest an initial A$1 billion ($630 million) in 4.5 gigawatts of renewable energy projects, own a controlling stake in them and plough any profit back into the network. He also accused privately run energy generators of reaping huge profits “at our collective expense” without helping to achieve net-zero goals. Read more:
Reuters » 19 states investigate major US banks for pushing ESG policies 'killing' American companies 19 Attorneys General Announce Investigation into Six Wall Street Firms over ESG Investing Breakingviews - Breakingviews: Zooming car sales will hit China’s growth limit Breakingviews - Breakingviews: Britain’s next leader will be on a short leash

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My New Favorite Futbolista will introduce you to the World Cup’s most inspiring soccer players and the causes they champion. New episodes hosted by former Colombian striker Juan Pablo Ángel and LX News host Eric Alvarez will drop November 1 in English and Spanish. Read more >> Not Aussies - a socialist leader of a state. Only doing it to keep the obscene cost and madness of this hidden because the market exposes it. foxdoom71 This guy is one of the worst human rights abusers out there. Don't get sucked in 19 states investigate major US banks for pushing ESG policies 'killing' American companies19 states are serving top banks in the U.S. for information regarding their involvement in the United Nations' net-zero ESG policies, saying it is harmful to American businesses. Bank of America gives mortgages based on race. Nuts. Stop the madness. 19 Attorneys General Announce Investigation into Six Wall Street Firms over ESG InvestingNineteen Rep ublican attorneys general announced an investigation into six Wall Street firms regarding their involvement with the United Nations Net-Zero Banking Alliance. Meanwhile RepubliQans block probe of illegal $ contributions by Chinese govt elites to Trump PAC Breakingviews - Breakingviews: Zooming car sales will hit China’s growth limitAutomakers are hitting China’s growth limit. The industry achieved four consecutive months of double-digit growth in September when deliveries reached 2.3 million, 33% higher than a year earlier, per the China Association of Auto Manufacturers. But temporary government incentives greased sales, which could pull forward demand. Breakingviews KatrinaHamlin This is weird. The commentary doesn't seem to recognize the reason for the reduction in IC engine sales is the increase in EV engine sales. One is replacing the other. Which is the desired outcome. Breakingviews - Breakingviews: Britain’s next leader will be on a short leashLiz Truss has earned a footnote in the history books. The British leader on Thursday after just 44 days in charge, making her the country’s shortest-serving prime minister ever. Failed policies and a deeply unpopular party will keep her successor on a tight leash. pfft Coronavirus cases in Arizona, mapped by county: October 19Here's a daily map of coronavirus cases in Arizona, broken down by county. The U.S. Supreme Court is poised to roll back decades of progress towards racial equity OpinionPennsylvania Voice advocated that the new legislative maps be drawn with racial equity as a value. Aussies put net-zero nationalisation on the map By Antony Currie Victoria's State Premier, Daniel Andrews, speaks to the media regarding Thursday's incident involving a vehicle ploughing into pedestrians in Melbourne, Australia December 21, 2017.Missouri Attorney General Eric Schmitt says at least 45 members of the Biden administration were in 'constant communication' with social media platforms to censor speech and deplatform Americans on 'Varney & Co.ANGELA WEISS/AFP via Getty Images Sean Moran 19 Oct 2022 Nineteen Republican attorneys general announced an investigation into six Wall Street firms regarding their involvement with the United Nations Net-Zero Banking Alliance.Some recent purchases represent pent-up demand after months of lockdowns. REUTERS/Luis Ascui MELBOURNE, Oct 21 (Reuters Breakingviews) - Nationalisation and capitalism are supposed to be like chalk and cheese. But Daniel Andrews, the Premier of Victoria, Australia’s second-most populous state, is toying with a hybrid of the two that could speed up reducing carbon emissions and give the private sector much of what it has been asking for.S. On Thursday Andrews said that his Labor government, if re-elected next month, will invest an initial A$1 billion ($630 million) in 4. Kentucky Attorney General Daniel Cameron, Arizona Attorney General Mark Brnovich, and Missouri Attorney General Eric Schmitt have led the effort to investigate these financial conglomerates.5 gigawatts of renewable energy projects, own a controlling stake in them and plough any profit back into the network. The states, led by Missouri Attorney General Eric Schmitt, oppose the UN's policies that require banks in the alliance to set carbon dioxide emission reduction targets in their lending and investment portfolios, and reach net-zero emissions by 2050. He also accused privately run energy generators of reaping huge profits “at our collective expense” without helping to achieve net-zero goals. Smoothing out data on a year-to-date basis, total sales grew 14% from a weak base. The risk is public ownership will crowd out private capital. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo were served Wednesday by the states with civil investigative demands, which acts as a subpoena, for the requested information., to starve companies engaged in fossil fuel-related activities of credit on national and international markets. Behind the electioneering bluster, though, lies a potential solution to a big problem. Victoria relies on three coal plants for around 60% of its electricity. (Fox News) These civil investigative demands include identifying which Global Climate Initiatives each bank is affiliated with, which groups or divisions within the banks are responsible for ESG implementation , and to what extent the banks' CEOs have been involved, among others. Last year the state negotiated an early closure, in 2027, for the one owned by EnergyAustralia; AGL Energy , which operates another, just brought forward the end date for its plant to 2035.N. That puts pressure on Alinta Energy to follow suit on the third plant.N. Battery-powered designs were especially popular. Register now for FREE unlimited access to Reuters.com Register Neither industry nor investors, though, have stumped up enough to replace the capacity with renewables. Missouri farmers, oil leasing companies, and other businesses that are vital to Missouri’s and America’s economy will be unable to get a loan because of this alliance," Schmitt told FOX Business. Missouri, Arizona, Arkansas, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Texas, and Virginia, and five other states serve as the coalition states involved in the investigation into the Wall Street firms’ involvement in the UN green energy alliance. In fact, AGL has not devoted any capital expenditure to wind or solar since 2016, per hedge fund Snowcap Research in February. Lack of clear policy from Australian federal and state governments is one reason the private sector has not moved faster. ((AP Photo/John Minchillo) / AP Newsroom) "We are leading a coalition investigating banks for ceding authority to the U. Companies also often won’t invest in longer-term, expensive projects unless the state shoulders some risk, be that offering grants, guarantees or other financial support. consumers. Andrews’ plan could quell both those concerns: in addition to committing taxpayer funds, he intends to set the ambitious target of reducing carbon emissions by up to 80% from 2005 levels by 2035, which makes developing more wind and solar power crucial., which will only result in the killing of American companies that don’t subscribe to the woke, climate agenda. Meanwhile, renewable energy can offer the kind of predictable revenue streams of long-term infrastructure assets that deep-pocketed Australian pension, or superannuation, funds increasingly want to invest in directly. There are examples of such public-private partnerships. Missouri, Arizona, Kentucky and Texas are states taking the lead in the investigation. This investigation serves as the latest action for Republicans to combat Environmental, Social, and Governance (ESG) investment. Earlier this year Macquarie .