{"id":276989,"date":"2023-09-02T20:42:52","date_gmt":"2023-09-02T18:42:52","guid":{"rendered":"https:\/\/climatescience.press\/?p=276989"},"modified":"2023-09-02T20:42:54","modified_gmt":"2023-09-02T18:42:54","slug":"did-a-climate-alarmist-law-student-just-kill-the-green-movement","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=276989","title":{"rendered":"Did a Climate Alarmist Law Student Just Kill the Green Movement?"},"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

An Aussie law student has forced the government to settle an accusation it breached its duty to investors, by not adding climate risk warnings to new sales of government debt. The consequences will not be what she expects.<\/p>\n\n\n\n

\n

Australian government acknowledges risk of climate change to bonds after court case<\/strong><\/p>\n\n\n\n

By the Specialist Reporting Team\u2019s Leonie Thorne<\/a> and national science, technology and environment reporter Michael Slezak<\/a><\/p>\nThe federal\u00a0government has agreed to settle a world-first court case accusing it of misleading investors by failing to disclose the risk\u00a0climate change poses to its bonds.<\/em><\/cite><\/blockquote>\n\n\n\n

\n

The class action called for a public declaration that the Commonwealth had breached its duty to investors, by not disclosing information about how climate change could hurt the value of government bonds.<\/em><\/p>\n\n\n\n

However, in the proposed settlement terms published\u00a0today, the government has agreed to publish a statement acknowledging that climate change is a \u201csystemic risk\u201d that may affect the value of its bonds.<\/em><\/p>\n\n\n\n

In return, Ms O\u2019Donnell will drop the request for a declaration of misleading conduct.<\/em><\/p>\n\n\n\n

\u201cThe settlement is an important first step in realising the risks of climate change,\u201d Ms O\u2019Donnell said.<\/em><\/p>\n\u201cThe government must now prioritise effective action on climate change to mitigate those risks.\u201d<\/em><\/strong><\/cite><\/blockquote>\n\n\n\n

\n

Read more:\u00a0https:\/\/www.abc.net.au\/news\/2023-08-30\/australian-government-climate-change-risks-to-bonds-court-case\/102791964<\/a><\/p>\n<\/blockquote>\n\n\n\n

\"\"
Law student Katta O’Donnell\u00a0sued the federal government over not disclosing the risks climate change posed to her bonds investments.(Supplied:\u00a0Meggie Weaver)<\/figcaption><\/figure>\n\n\n\n

Katta, you just broke the green movement.<\/p>\n\n\n\n

The problem debt addicted politicians are facing is not climate change, the problem the government is facing is court acceptance that the government believes climate change is a problem, and that they were not properly advising investors of the climate risks associated with buying new government debt.<\/p>\n\n\n\n

Which response do you think would be easier?<\/p>\n\n\n\n

a) Actually doing something about CO2 emissions.<\/p>\n\n\n\n

b) Convincing the courts that the government no longer believes climate change will impact their ability to repay debt.<\/p>\n\n\n\n

I\u2019m guessing they\u2019ll go with option b). Obviously they may squirm a bit first, try to fake option a), but courts are pretty good at spotting outright lies.<\/p>\n\n\n\n

Katta, I know you are not a climate skeptic, but you have given climate skeptics like myself an incomparable gift \u2013 a potential lever for restraining out of control government borrowing and climate rhetoric, by forcing left wing politicians to choose one or the other. Thanks to you, they can no longer have both.<\/p>\n\n\n\n

What can I say? If you know a lawyer who enjoys a good legal joke, and would like to smack the Biden administration, or any other green left administration, with a stick of their own making, pick up the phone and convince your lawyer friend to launch a similar case in your country. Make sure you get the courts to insist on making the climate warning as terrifying as possible, really scare off the creditors.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

An Aussie law student has forced the government to settle an accusation it breached its duty to investors, by not adding climate risk warnings to new sales of government debt. The consequences will not be what she expects.<\/p>\n","protected":false},"author":121246920,"featured_media":276998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","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_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":[691818216,691818244,691818056,691818076,691822278],"class_list":{"0":"post-276989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-australia","9":"tag-climate-alarmist","10":"tag-climate-change","11":"tag-co2","12":"tag-law-student","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00shutterstock_622874000.jpg?fit=1000%2C667&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1a3z","jetpack-related-posts":[{"id":284488,"url":"https:\/\/climatescience.press\/?p=284488","url_meta":{"origin":276989,"position":0},"title":"Aussie Government Settles Climate Bond Disclosure Lawsuit","author":"uwe.roland.gross","date":"22\/10\/2023","format":false,"excerpt":"Thanks Katta O\u2019Donnell for destroying the climate movement and doesn\u2019t realize\u00a0that. 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