#ClimateElection

Space Invader left Shorten unable to insert more coins

Bill Shorten’s “it’s everyone else’s fault” tagline yesterday was proof that he was out of his depth all along. It certainly must be a bitter pill to swallow but he can’t escape the fact that the ‘Space Invader’ ran a superior campaign and blew away Shorten’s defences when it mattered most. On May 18, Shorten had no more coins to insert.

He might well criticize the Murdoch media and all of those evil “corporate leviathans” to thwart his campaign but there are few worse leaders than those that can’t reflect and reevaluate their own flaws. Labrador puppy dog shoots with Kristina Keneally or dismissing legitimate requests for hard numbers over climate policy costs with “that’s a dumb question” are hardly going to win friends and influence voters to shy away. Having his treasurer slap those that didn’t like the policy suite with “then don’t vote Labor” probably weren’t the fault of big business or Murdoch.

No, Bill Shorten must have channeled Hillary Clinton, thinking May 18 was a coronation. Why didn’t Shorten curse the betting agencies for giving him the kiss of death?

The true litmus test from here is whether the press give Shorten the same negative profiling given to Tony Abbott after the Turnbull coup. Shorten’s prints were all over the candlestick in the drawing room when Rudd then Gillard were disposed. Will Albo be in his sights?

New Labor leader Anthony Albanese had a dilemma. He chose to put Shorten on the front bench. Best to keep him in the inner circle. Albo wouldn’t have viewed Shorten’s excuse ridden whine as the type of action that supported his appointment. He better hope he doesn’t become the demoted former boss who finds fault in everything and ends up poisoning the well on every occasion.

Does apathy come before extinction?

NSW Greens politician Cate Faehrmann wrote of her disappointment at the low numbers attending the school climate strike today. CM wonders whether apathy is the penultimate stage to extinction?

CM finds it hard to reconcile how Faehrmann has only just started to realize there is a need to “develop new strategies.

She wrote,

Not a massive crowd at today’s Strike 4 Climate in Sydney and I’m sure our opponents will use that against us. However, it’s not surprising so close to a demoralising election result for us climate activists. It doesn’t mean we stop protesting. We have to keep going.

For now though, we take stock, recover and then get back to work on building support for urgent action to address the climate emergency upon us. That means absolutely continuing to campaign like we know how, because the hundreds of thousands of you who have been working for climate action have been bloody effective in raising the issue to the top of the national agenda. However, we also have to develop new strategies to reach new audiences to win. We need to build new alliances and develop a greater understanding of people’s motivations and values. We need to be prepared to work with everyone over the next few years because as long as we continue to frame this as a ‘fight’ on climate change against the conservatives, winning for the ‘right’ is stopping genuine action.

It’s going to be the toughest thing we’ve ever done but we have to broaden support beyond those who voted for climate action last weekend. Do you think it’s possible? How? I’d really love your thoughts on this.

Here’s a suggestion – try debating in open forums with facts not feelings. No hysteria. It will really help. Belittling skeptics by screaming through megaphones and brainwashing children aren’t activities that win over the majority of the public you wish to sway.

Palaszczuk backflips on Adani

What a farce. Queensland Labor Premier Annastacia Palaszczuk is about to backflip on the Adani coal mine approval after her federal colleagues were wiped out in Queensland.

Typical. She’ll still lose the next state election in October 2020 for this expediency. She had to weight for the litmus of a federal election to find her missing conviction. Total clown show.

The people have spoken. So all the radical left activists have failed. The bullying of the banks which caved in to this pressure are no better.

This approval process has been 8 years in the making. An Indonesian coal mine took only 18 months.

Queensland Government appointed an advisor, Tim Seelig, to the Dept of Environment. As an anti-coal Greens activist it seems apparent he threw up roadblocks to dissuade Adani from going ahead by unnecessary and overbearing approval processes.

Now Palaszczuk is considering launching an inquiry as to how Seelig was hired into the role despite the applications deadline having ended. Another backflip.

Once again – get woke, go broke!

ALP, first find a purpose before you choose your next leader

On what planet does Shadow Treasurer Chris Bowen honestly believe he is a viable candidate for the ALP leadership? Of course the Coalition welcome such an appointment as they’ll be guaranteed another 3 years in government. Does Bowen believe that the electorate will grant what he calls a “blank canvas” and give him a fair go? Like any good retail store, the best assets are put on display where people can see them first. If the repudiated policies of the election just finished were the best he had to offer, what hope has he got ‘connecting’ with the base? Will this be the “these were the policies I wanted but Bill Shorten didn’t let me run them” campaign? If that were so Bowen stands for nothing so will fall for anything,

Bowen co-led the most dreadful campaign. Telling hope owners to forget if their houses slipped into negative equity and throwing two fingers up at self-funded retirees telling them if they didn’t like it not to vote for Labor. At least that message cut through.

Tanya Plibersek withdrew her nomination stating she “wasn’t ready”. Is that what a deputy for 6 years does when her boss vacates the top job? She clearly sees the next 3 years as toxic. So her loyalty to party is limited to her own ambitions of taking the top job once other members of the team have become political cadavers. CM spotted her pre-election in Hermes in Sydney so she is most definitely a champagne socialist.

Anthony “Albo” Albanese is the true Labor man who has never been given a title shot. He too is of the left, but he is eminently likable. He is a down to earth battler. However will his party see him as one to lead them back out of political oblivion? The hard left has been the problem.

Then that leaves Jim Chalmers. He is young. Served as an advisor to Rudd. He was pretty ordinary on Q&A last night. He won’t prosecute like Albo can.

The ALP first has to find a purpose before it selects a leader. If it does it the other way around it will only foul up the works and elevate the chaos this unlosable election has already brought upon them. To make a rash choice and then in-fight over policy direction will turn them into a carbon copy of the US Democrats

The lesson was loud. The electorate rejected radical climate change policy, punishing pensioners, identity politics, class warfare and the politics of envy. That Chris Bowen thinks he can lead the party back from the pits of despair with that legacy behind him means he is more delusional than Malcolm Turnbull.

It is worth remembering that experience is a hard teacher. You get the test first and the lesson afterwards.

Go woke, go broke

Yet another example of why CM has cancelled his FT subscription. Where is the critical reporting? This article by Pilita Clark doesn’t critique the ridiculous movement by corporates to virtue signal but falls in line with the stupidity.

Maybe the best metaphor for the woke corporation is parsley. It often looks nice as a garnish but 99.9% of us push it to the side of the plate and leave it to be thrown away.

Corporate hypocrisy is everywhere.

Take Josh Bayliss, CEO of Virgin Group. He says,

“It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight.”

Why doesn’t he close down the airlines in the portfolio? Instead of waiting for his customers to grow a conscience and do the right thing why not force their choice? The obvious answer is that it’s hypocritical.

Airlines operate on about 70% capacity load factor break even so if Virgin flights end up being half full he’ll only end up spewing more or less the same CO2 per flight and go out of business. British Airways, EasyJet and Ryanair will welcome Virgin’s virtue signaling. Go woke, go broke.

Qantas has the world’s largest carbon offset program yet only 2% of passengers elect to pay. That’s the extent of the belief in global warming.

Blackrock’s chief Larry Fink said his asset manager needs to do more than just make money yet it only backed 10% of the climate related shareholder proposals. Why? Supposedly because they would crush profits. All talk, little walk.

BP surprisingly helped prevent a carbon tax it openly launched support for. A fossil fuel company trying to undermine a carbon tax? Wow. Who’d a thunk?

UK shadow chancellor John McDonnell has said Labour would seek to delist companies from the London Stock Exchange that didn’t meet their climate change commitments. In order to meet that, will that mean a child daycare company will be burnt at the stake for not brainwashing kindergarten kids? Will there be a minimum pot plant to child ratio?

How would regulations impact the myriad of different businesses that would trigger being dumped from the LSE? What standard would be applied? CM is betting corporates jus need to “file” a governance statement on climate change which no one will read. As long as 100% of companies file, nothing will happen.

Pretty easy to avoid too. Companies could list on Nasdaq or the Singapore exchange to avoid the regulations and still raise capital. Did you think of that Mr McDonnell? No because it is all about being woke and there are plenty of alternatives to dodge stupid policy. Capital is global.

Pilita Clark closes her article by saying,

“Yet the climate debate is shifting and I am willing to bet that companies failing to match their green claims with solid action face far greater risks than they ever have before.”

Like much of the climate religion, few hard facts are ever presented except the date we are all supposed to die. Even then that is an ever-shifting goal post. We can be assured that when 2028 arrives all of a sudden we’ll have another 12 years to do something. A bit like the joke where a patient asks his doctor how long he has to live and is given an extension so he can pay his bill.

The ever-growing tide of the “woke” corporation is going to thwart ingenuity and entrepreneurship. It is corporate suicide to pander to this nonsense. It is not for companies to bang on about their wonderful commitments. Customers and shareholders can decide for themselves. Maybe if companies listened to both groups they would find profits go up. People are growing sick and tired of being told what to do. How to think.

The world is littered with corporate wokeness backfiring. The irony is much of it is self-inflicted. By trying to create false images of virtue, the results have been disastrous.

P&G had to write off billions from its Gillette brand for the toxic masculinity campaign. Before the campaign Gillette was ranked 7th out of 45 health and grooming brands. After, rock bottom.

There is almost a wave of corporate fear twisted by a minority of social activists like Sleeping Giants which create false narratives about public perceptions of evil companies. There is a flip side.

Chick-fil-A was established by Southern Baptists. They don’t ram their Christian beliefs at all in the restaurants. Activists tried to boycott the fast food outlet because one of the directors personally didn’t support same-sex marriage. Guess what, store numbers have doubled and revenues tripled over the last decade.

Chick-fil-A states it’s mission is, “To glorify God by being a faithful steward of all that is entrusted to us. To have a positive influence on all who come in contact with Chick-fil-A.”

Chick-fil-A is notable by its closure on Sundays, Thanksgiving and Christmas. So people are well aware ofthis corporate backing its religious beliefs.

There is a difference between founding a company on certain beliefs and concocting them to ride a wave of hijacking social movements. Customers are aware of the difference.

Virgin Group can wax lyrical about its concerns in trying to save the planet but the only woke thing would be to shut down. Pushing the guilt back on its customers shows how hypocritical the airline is.

To be honest it gets tiring waiting in corporate lobbies watching flat panel TVs advertising all of the wonderful community things they do. 99% of the transaction with any corporate will be driven by the ability to deliver goods and services, not supporting tree planting. It is not to diminish charity or good intentions, rather to cut back on acting as though they’re angels to avoid being put on an imaginary naughty step that doesn’t exist.

Perhaps CM should recommend a portfolio of non-compliant ESG companies. When the market sells off, all the passive money in ESG compliant names should well underperform those that don’t. Perhaps an asset manager should establish an ETF with a basket of companies that just provide product or service rather than garnish it with lashings of corporate virtue. Here is betting it would be a contrarian winner.

CM blocked by Alex Turnbull

Must have hit a nerve to say the Turnbulls are hurting more than the vanquished Bill Shorten. Former PM’s son Alex Turnbull has banned CM from reading his Twitter feed today. CM was never a follower which must make it a double blow for Alex.

PM Scott Morrison managed to unite a party his father couldn’t. CM has criticized Alex Turnbull for his unhinged rants well after his father’s ousting. He’s only proved CM’s point. Thank you.

Hubris always leads to Nemesis

3 for 3. As CM mentioned, the betting agencies are a curse. Paying out early smacked of arrogance. Bill Shorten was running in a t-shirt this morning saying he’d win. Hubris leads to nemesis.

PM Scott Morrison has done an impressive job to beat Bill Shorten given the poison left behind by Malcolm Turnbull. If anything this will hurt more for Turnbull than Shorten. Just goes to show that unlosable elections can be lost. Independents like Julia Banks were summarily thrashed despite backing by Alex Turnbull.

CM always believed this was a cost of living election. Climate change wasn’t an issue even though 16yo Greta Thunberg weighed in. People didn’t want more taxes.

Bill Shorten has to step down. He was simply untrustworthy on numbers. Not having numbers on climate change were a bad sign.

This election is not over but it seems even Labor MPs are conceding that the Coalition has won. Perhaps the aggressive activity to oust Abbott was part of the problem. It diverted resources away from other battles. They won the battle but lost the war.