I was, in a previous existence, wrangled into involvement with the exercise known as GFANZ. The more I became involved, the more it became apparent that the game was structured to funnel public money to private corporations, and above all, to the finance industry under the guise of saving the planet.
Needless to say, GFANZ essentially vanished once shit got real and the subsidies to various players dried up. Its demise was foretold from the start, by many more than my minor player ass.
Those of you familiar with Carney’s Greenwashed self-serve piety are likely not surprised by his recent elevation of Jonathan Wilkinson to EU Ambassador. I’ve lost track of the colloquial titles at this point. Is Carney the King of Greenwash and Wilkinson the “Minister” or Duke, or vice versa. Either way, there’s a massive infrastructure built upon this scam.
SWFs can be good things if they are structured to take accumulated excess value and use it for public benefit. If the SWF is a vehicle to drain public wealth and give it to corporations… that’s a different game. The gloss of nobility wears off the latter pretty quickly once folks figure out what the reality is.
I was thinking about exactly this when I saw the details of Carney's "fund". Every one of the Just Energy Transition Partnerships that he boldly promised would "crowd in" private investment has faltered or failed. No one talks about the fact that these schemes just don't *work*. So Vietnam and South Africa are stuck with these collapsing non-functional plans and Carney is long gone - pitching another group of people on the same failed concepts. He's the finance version of Lyle Lanley, moving to a new town and extolling the virtues of a monorail over and over.
It seems to be something of a trend among the centrist politicians attempting to present themselves as more center-left or social democratic than they actually are in general in North America, not just with Carney.
I can imagine it is immensely frustrating, but trust me the alternative of centrist/center-right policy to go with centrist/center-right posturing is no picnic here in the UK.
I was, in a previous existence, wrangled into involvement with the exercise known as GFANZ. The more I became involved, the more it became apparent that the game was structured to funnel public money to private corporations, and above all, to the finance industry under the guise of saving the planet.
Needless to say, GFANZ essentially vanished once shit got real and the subsidies to various players dried up. Its demise was foretold from the start, by many more than my minor player ass.
Those of you familiar with Carney’s Greenwashed self-serve piety are likely not surprised by his recent elevation of Jonathan Wilkinson to EU Ambassador. I’ve lost track of the colloquial titles at this point. Is Carney the King of Greenwash and Wilkinson the “Minister” or Duke, or vice versa. Either way, there’s a massive infrastructure built upon this scam.
SWFs can be good things if they are structured to take accumulated excess value and use it for public benefit. If the SWF is a vehicle to drain public wealth and give it to corporations… that’s a different game. The gloss of nobility wears off the latter pretty quickly once folks figure out what the reality is.
All the best, Luke. Great work.
I was thinking about exactly this when I saw the details of Carney's "fund". Every one of the Just Energy Transition Partnerships that he boldly promised would "crowd in" private investment has faltered or failed. No one talks about the fact that these schemes just don't *work*. So Vietnam and South Africa are stuck with these collapsing non-functional plans and Carney is long gone - pitching another group of people on the same failed concepts. He's the finance version of Lyle Lanley, moving to a new town and extolling the virtues of a monorail over and over.
I would have gone with Harold Hill.
Showing my age…😑
It seems to be something of a trend among the centrist politicians attempting to present themselves as more center-left or social democratic than they actually are in general in North America, not just with Carney.
I can imagine it is immensely frustrating, but trust me the alternative of centrist/center-right policy to go with centrist/center-right posturing is no picnic here in the UK.