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Climate Aid: The $39 bn industry, mostly used to slow developing countries « JoNova

Sooner or later, the aid-recipients are going to suffer through a flood or a drought (thanks to climate-sameness). But two thirds of this aid money won’t add up to a dime’s worth of protection. Seventy percent of the funds were used to stop emissions of a fertilizing trace gas instead of preparing people against the ravages of the weather. Indeed most of the money was spent reducing something that would be considered an asset if not for the decree of climate models that we already know are wrong.

Hey, but it’s only $27 billion or so wasted.

A billion here, a billion there. Pretty soon we’ll be talking real money.

New Study: More U.S. Mutual Fund Companies Supporting Climate Change Resolutions, But Big Firms Still Lagging – Press Releases on CSRwire.com

Six fund families failed to support even a single climate-related resolution in 2012, including BNY Mellon, Franklin Templeton, ING, Pioneer, Putnam and Vanguard.

“Too many mutual fund managers still fail to grasp the risks that climate change poses to companies they invest in,” said Mindy Lubber, president of Ceres, which commissioned the analysis by Jackie Cook of FundVotes.com.

Schools Addressing Students' Fossil Fears Without Divesting - Bloomberg

selling stocks in fossil fuel companies will likely not drive stock prices down for those companies because buyers are waiting to purchase those stocks, said Chris Davis, director of investor programs at Ceres, also speaking on the webinar.

Stock returns for electric, oil, and gas companies have been good lately, Davis said, so selling them may not send a message to fossil fuel companies because there are ready buyers.