Divestment movement shows up Tony Abbott’s short-sighted view on the economy
Fossil fuel divestments are putting the Abbott government on notice Christine Milne theguardian.com, Saturday 18 October 2014 ANU’s decision to end investment in fossil fuels is democracy up against crony capitalism The decision by the Australian National University to end its investment in fossil fuels is a bellwether moment for Australia. It’s democracy up against crony capitalism, science up against ideology and renewable energy against the old polluting industries.
Tony Abbott’s derision of ANU as “stupid” is a raw ideological refusal to face three key facts:
1. If we are to constrain global warming to less than two degrees, Australia’s remaining fossil fuel reserves cannot be burned. Not by any country, not ever.
2. Australians are already experiencing the effects of climate change, through more frequent and intense extreme weather events. We must stop it getting worse.
3. People can take control of their power bills, take control of their money, and they don’t need to wait for governments.
While climate policy is being torn apart and emissions that came down under the carbon price are going up again, it’s heartening to see that thousands of Australians already know they can take the power back. National Divestment Day events are underway today in Hobart, Lismore, Ballina, Geraldton, Maroochydoore and Darwin, with more tomorrow in Melbourne, Sydney, Brisbane, Perth, Adelaide and Coffs Harbour.
The divestment movement is putting the Abbott government on notice. People are voting with their wallets – as are churches like the Uniting Church and the Perth diocese of the Anglican Church, and super funds like Local Government Super – all moving their money out of companies that profit from fossil fuels. Now the option is there, students can even invest their minds and fees in a uni that shares their values.
People are changing the direction of our economy, but Abbott’s only response has been to call them stupid and declare that “coal is good for humanity”. What a desperate statement from a man exposed as governing for the big end of town…….
What Abbott’s efforts amount to is “economic suicide,” to quote an adviser to the German Chancellor. The divestment movement proves that Australians won’t be left behind, even if our government is determined to cling to the age of fossil fuels. It’s a bellwether moment and the pendulum is swinging away from the Abbott government, towards restoring our democracy, towards science and towards a clean energy future. http://www.theguardian.com/commentisfree/2014/oct/18/fossil-fuel-divestments-are-putting-the-abbott-government-on-notice
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