Graunocrisy -Josh 319

Well £600 million is a lot of money, you have to act responsible and stuff.

Cartoons by Josh

Comments

[CharmingQuark]

As funny as ever.

It would have been slightly funnier if he had a large pinocchio nose.

[M Courtney]

In fairness to the Guardian, if they can persuade suckers to sell them their stocks cheap then good on them.

The contempt should be shown to the stupid and weak who are suckered by Rusbridger and co,

That's how capitalism works.

[Golf Charlie]

Rusbridger can be proud that the Grauniad is a pillar of enlightenment, even if the light is fossil fueled, the paper is fossil fueled and his salary and pension are guaranteed, ( provided they remain fossil fueled).

Anybody not employed by the Grauniad, who relies on anything fossil fueled, is evil, and must be relying on Big Oil money.

[esmiff]

Brilliant Josh. Bullseye !

[esmiff]

Climategate: George Monbiot, the Guardian and Big Oil by James Delingpole

But who is it that sponsors the Guardian's Environment pages and eco conferences? Why, only that famous non-fossil-fuel company Shell. (Though I notice their logo no longer appears on top of the Guardian?s eco pages: has the Guardian decided the relationship was just too embarrassing to be, er, sustainable?)

And which company has one of the largest carbon trading desks in London, cashing in on industry currently worth around $120 billion ? an industry which could not possibly exist without pan-global governmental CO2 emissions laws ? BP (which stands for British Petroleum)

And how much has Indian steel king Lakshmi Mittal made from carbon credits thanks to Europe?s Emissions Trading Scheme? £1 billion.

And which companies were the CRU scientists revealed cosying up to as early as 2000 in the Climategate emails? There?s a clue in this line here: ?Had a very good meeting with Shell yesterday.?

And how much was Phil Jones, director of the discredited CRU, found to have collected in grants since 1990? £13.7 million ($22.7 million)

And why does this Executive Vice-Chairman of Rothschild?s bank sound so enthusiastic in this (frankly terrifying) letter about the prospects of the ?new world order? (his phrase not mine) which result from globally regulated carbon trading?

Or why not try this blog, in which a German Green party MP is revealed being given hefty donations by a solar power company?

Or how about this tiny $70 million donation to the climate change industry from the Rockefeller Foundation?

http://blogs.telegraph.co.uk/news/jamesdelingpole/100019523/climategate-george-monbiot-is-in-the-pay-of-big-oil/

[Golf Charlie]

I think that Rusbridger et al, as a pointless gesture of defiance, should refuse to accept any future pension, until the funds are invested in appropriately biodegradable, Green loss makers. This would be leading by example, a concept that the Grauniad has always struggled with.

Lions led by truffle hunters (provided they don't get their snouts dirty)

[VenuNotWarmerDueToCO2]

ALL lefties should be depicted with a far longer nose

[Anonymous]

Surreal Brigand
Slurred Bargain
Granular Rebids

Arrangers Build
Sangria Blurred
Grander Burials

Garland Bruiser
Bands Irregular
Abrading Rulers

[Graeme No.3]

The Gaurdian (did I spell that right?) should realise they shouldn't own shares in an industry they don't understand and campaign against, just because it pays their salaries and pensions.

Instead they should invest in something they know all about and truly believe in .... I would suggest Hypocrisy Unlimited. There will be plenty available later this year in Paris.

[Graeme No.3]

Sorry Josh, forgot to say I liked your comment.

For the future I note that Dave Cameron is related to the Kardashians. Which boob?

[michael hart]

Graeme No.3, you are quite right. Experts like Warren Buffet caution people to invest only in industries they understand.

Unfortunately for the Graunidad that number appears to be a vanishingly small, and the number not in some way dependent on fossil fuels is fewer still.

Luckily the employees can be grateful that, unlike that other great socialist Robert Maxwell, Rusbridger probably has no real control over any company pension assets. So he could comfortably advocate for anything he likes, knowing it wouldn't happen.

[steveta_uk]

Does anyone know whether Moonbat, Rusbridger, et al have any say whatsoever in how the GGauniad's funds are invested? Are they perhaps considerably less relevant than they think of themselves to be?

[Clovis Marcus]

Divestment or not should be treated as financial advice and come under the FCA codes of practice.

If you are not an IFA you have to say so.

[kim]

The rules for me,
The rules for thee,
'Cuz the money
Thinks differently.
===========

[Phil Clarke]

http://www.theguardian.com/environment/2015/apr/01/guardian-media-group-to-divest-its-800m-fund-from-fossil-fuels

The Guardian Media Group (GMG) is to sell all the fossil fuel assets in its investment fund of over £800m, making it the largest yet known to pull out of coal, oil and gas companies.

I smell a dead fox.

[jamesp]

There is a(nother) splendid cartoon in the current Private Eye, showing a newspaper editor looking balefully at a message on his computer screen: "Do you really need to print this paper? Think of the environment."

I wonder if he does?

[jamesp]

For some reason I recall another cartoon from the 70's, when Standard Oil (Esso, as was) decided to change its name to Exxon. Tricky Dicky was president, so the cartoon showed the White House under a large 'Nixxon' banner. The caption was: "But it's still the same old gas".

[Bill]

@ Phil Clarke

Yes that dead fox could very well be the natural gas and fracking shares that aren't included in the GMG firesale.

Because ethics.

http://www.theecologist.org/News/news_round_up/2815495/guardians_fossil_fuel_divestment_pledge_allows_gas_fracking.html

[Phil Clarke]

Jeez you guys.

Anything less than a total overnight purge of all fossil fuel assets ( a single digit % of the total) from the portrfolio is going to be deemed 'not good enough'. ?

I say again, Jeez.

[Jack Hughes]

@Phil Clarke - not sure what your point is?

From the Guardian piece (/www.theguardian.com/environment/2015/apr/01/guardian-media-group-to-divest-its-800m-fund-from-fossil-fuels

He said GMG, which owns the Guardian and Observer newspapers and website, has set a target of a “couple of years” to sell its direct fossil fuel investments, such as company shares and bonds, and five years to divest “co-mingled” funds which contained some fossil fuel assets.

This does not look very ethical to me. If they think that owning shares in fossil fuel companies is unethical then they need to get rid right now. This looks like "aiming to sell my slaves over the next 5 years at market rates" and "trying to stop smoking some time over the next 2 years".