From Denmark’s energy minister on the UN Green Climate Fund:
So Denmark will willing to invest its sovereign wealth and pension funds in the Green Climate Fund so long as there are benefits to Danish companies — i.e., themselves.
Except the Green Climate Fund is just supposed to be financial aid to poor countries to help them deal with the much-alleged, much-dreaded global warming.
This is the first time I’ve seen the $100 billion per year Climate Fund called an “investment.” …more like a “gift” or “graft”
Would having public employees (or union) pension funds ‘invested’ in ‘climate projects’ be any more reckless than having those same funds ‘invested’ in a portfolio of debt issues of various kinds that were issued by various governments? Do you know of any pension fund anywhere that would like to have a stake in a brand new bright and shiny major league stadium?
Hey, The Federal Reserve has to have a high capacity means for laundering the magic money that they conjure out of their magic hole in the air, don’t y’know?
The prospect of having somebody’s pension funds invested in unspecified ‘climate projects’ is absolutely terrifying.