{"id":255550,"date":"2023-05-02T10:34:18","date_gmt":"2023-05-02T08:34:18","guid":{"rendered":"https:\/\/climatescience.press\/?p=255550"},"modified":"2023-05-02T10:34:28","modified_gmt":"2023-05-02T08:34:28","slug":"99-2-of-swiss-national-bank-shareholders-just-rejected-a-green-investment-push","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=255550","title":{"rendered":"99.2% of Swiss National Bank Shareholders Just Rejected a Green Investment Push"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Swiss National Bank, image modified. By Baikonur – Own work, CC BY-SA 3.0,\u00a0link<\/a><\/p>\n\n\n\n

\u201c\u2026 SNB Chairman Thomas Jordan said the central bank took climate change seriously but should not be distracted from its primary goal of ensuring price stability. \u2026\u201d<\/p>\n\n\n\n

\n

Swiss National Bank rejects demands of climate change activists<\/strong><\/p>\n\n\n\n

April 28, 202311:21 PM GMT+10<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Around a hundred campaigners gathered outside the SNB\u2019s annual general meeting in Bern on Friday, triggering tight security at the event.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

But a move to reprimand the SNB\u2019s bank council over the investments failed, with only 0.8% of shareholders supporting the move.<\/p>\n\n\n\n

SNB Chairman Thomas Jordan said the central bank took climate change seriously but should not be distracted from its primary goal of ensuring price stability.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.reuters.com\/business\/sustainable-business\/swiss-national-bank-rejects-demands-climate-change-activists-2023-04-28\/<\/a><\/p>\n<\/blockquote>\n\n\n\n

\"\"<\/figure>\n\n\n\n

A Swiss National Bank logo is pictured on the SNB building in Bern, Switzerland May 20, 2020. REUTERS\/Arnd Wiegmann<\/p>\n\n\n\n

I\u2019m pleasantly surprised by this apparent outbreak of common sense. Despite Switzerland\u2019s 300 year track record of financial prudence<\/a>, the Swiss caught the climate bug in a big way. In 2022 the Swiss Government seriously considered big fines and up to 3 years jail for turning up your thermostat.<\/a><\/p>\n\n\n\n

Perhaps they are simply waiting for the right climate investment opportunities to appear, green investments which make financial sense even without generous government handouts or artificial green energy purchase mandates.<\/p>\n\n\n\n

They could be in for a long wait.<\/p>\n","protected":false},"excerpt":{"rendered":"

Perhaps they are simply waiting for the right climate investment opportunities to appear, green investments which make financial sense even without generous government handouts or artificial green energy purchase mandates.<\/p>\n","protected":false},"author":121246920,"featured_media":255556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818608,691818056,691819242],"class_list":["post-255550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-climate-activists","tag-climate-change","tag-green-investment","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Swiss-National-Bank-SNB-is-actively-dumping-FANG-stocks.jpg?fit=1280%2C798&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-14tM","jetpack-related-posts":[{"id":268877,"url":"https:\/\/climatescience.press\/?p=268877","url_meta":{"origin":255550,"position":0},"title":"Are 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