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Featured Profile
David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
Thanks for that John Hewson. You couldn't even tell us how the GST on a birthday cake worked and you gave Prime Minister Keating (at that time) another three years in the 1993 election. That extra three years was more damaging to the economy and my investments than any possible effects of climate change.
So no investments in industries that use energy or raw materials from the earth. Might be time to put money in wind chime futures.
Too bad you won't be around to see if this is right or wrong. I'm betting you will be way off the mark anyway, or corporations will have adapted.
You should be careful about making predictions that you can't back up for sure.
I think your right on the mark! The climate bubble is looming and the Australian Governments leadership or lack there of on the matter is very concerning. The research is out by the scientists if we do not make enormous changes to the level of fossil fuels we burn right now then we are going to destroy our planet. Climate Change is upon us and people are already losing their homes as a result.
The economists have also shared their research that if had act 10 or 20 years the fallout would have cost us less. The longer we wait the more it costs financially and environmentally (by environmentally I mean having a comfortable way of life).
The rest of the world has begun acting on climate change, the divestment movement has started in Australia. We rely on overseas markets to buying our fossil fuels if we cannot sell them and we have not planned for this, Australia will just be one big Kodak moment.