The chicken littles are making a lopt of money from their sky is falling mantra. Everyone from Al Gore to Nike and Sony see environmentostalinism as a way to make cash.
here is no business on a dead planet.” That balanced and inspiring message was displayed at a seminar yesterday organized by the Investment Funds Institute of Canada (IFIC) on how to profit from climate change.
There is something jarring, even obscene, about regarding the allegedly apocalyptic threat of climate change as a money maker. Still, for many people, from Al Gore down, that is what it primarily is. The problem is that all the investment potential derives from restrictive legislation and/or subsidies, that is, from force and favour, salted with a good dose of economic fantasy.
From the point of view of investment funds, it’s rather like observing that Frederick Bastiat’s broken window fallacy (that broken windows are good for the economy since they mean business for glaziers) is government policy, then suggesting investors buy mutual funds filled with window manufacturers. Except that climate change amounts to a rationalization for a much more comprehensive bout of economy-smashing.