Rob Henderson, a former National Australia Bank markets chief economist, now an economics and financial consultant, said it was a “really interesting claim”.
He said there had been a significant shift in thinking over the past decade that had accelerated after the Australian Prudential Regulation Authority warned in 2017 that it was not safe for companies to ignore climate risks. He said Australia’s major banks now all published annual climate reports and issued green bonds.
“In some ways I’m surprised this claim hasn’t been brought earlier, and the commonwealth hasn’t taken the initiative in laying out how it would do this properly,” Henderson said. “It’s an anomaly in our current financial system.”
It’s a laugh or cry moment. This is a huge deal and pretty much the last hope gone - this is the snowball picking up speed and it’s all over now folks. There is a whole lot of methane in sea beds, enough to kick off many more feedback loops on their own.For The Win Smiley Face, @Haakon. Whatever.
This is an interesting legal case!
Now that is some ingenuity!
literally....trying to hold back the tide
You need to watch the dredge...