{"id":289117,"date":"2023-11-29T08:51:43","date_gmt":"2023-11-29T07:51:43","guid":{"rendered":"https:\/\/climatescience.press\/?p=289117"},"modified":"2023-11-29T08:51:46","modified_gmt":"2023-11-29T07:51:46","slug":"billions-of-dollars-of-aussie-retirement-funds-to-be-gambled-on-britains-failing-net-zero-push","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=289117","title":{"rendered":"Billions of Dollars of Aussie Retirement Funds to be Gambled on Britain\u2019s Failing Net Zero Push"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

The behemoth Australian fund IFM Investors will sink \u00a310bn (A$19bn) into infrastructure and energy transition projects in Britain by 2027 as part of a new memorandum of understanding with the Sunak government.<\/em><\/strong><\/p>\n\n\n\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

Betting retirement funds on the honesty, consistency and fiduciary skill of Nut Zero obsessed politicians \u2013 what could possibly go wrong?<\/p>\n\n\n\n

\n

Australian super fund puts billions into backing Britain\u2019s energy transition<\/strong><\/p>\n\n\n\n

Business and environmental groups urge Labor to supercharge incentives to lure capital<\/p>\n\n\n\n

Katharine Murphy<\/a> Political editor @murpharoo<\/a>Mon 27 Nov 2023 09.30 AEDT<\/p>\n\n\n\n

The behemoth Australian fund IFM Investors will sink \u00a310bn (A$19bn) into infrastructure and energy transition projects in Britain by 2027 as part of a new memorandum of understanding with the Sunak government.<\/p>\n\n\n\n

The decision by IFM \u2013 which is owned by 17 Australian industry super funds \u2013 comes as a coalition of business and environmental groups calls on the Albanese government to supercharge tax and other financial incentives to ensure Australia can attract sufficient capital to drive the domestic transition to net zero emissions.<\/p>\n\n\n\n

The MoU between IFM Investors and Britain\u2019s minister for investment will be signed at the Global Investment Summit in London. Kemi Badenoch, the UK\u2019s business and trade secretary, characterised the commitment from IFM as \u201ca very important investment for the UK\u2019s innovative energy and infrastructure sectors\u201d.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.theguardian.com\/australia-news\/2023\/nov\/27\/australian-super-fund-puts-billions-into-backing-britains-energy-transition<\/a><\/p>\n<\/blockquote>\n\n\n\n

What is the point of lending money to a nation whose currency is in danger of crashing? To be fair, Britain has an excellent track record of repaying debt, but if they wreck their economy through gross economic mismanagement, all the good intentions in the world can\u2019t fix that.<\/p>\n\n\n\n

There are already unequivocal signs the British economy is in trouble. British energy poverty is skyrocketing<\/a>. Inflation is running red hot, 4.6%+<\/a>.<\/p>\n\n\n\n

Inflation is fever of the economy, frequently accompanied by political delirium \u2013 in my opinion, a fair description of British energy policy. The British government\u2019s solution to this inflation, this unequivocal symptom of national policy trauma, is more of the same.<\/p>\n\n\n\n

Britain\u2019s national debt also exceeded 100% of GDP<\/a> according to official March 2023 figures, though it dipped down to 97% last month<\/a>. Of course this official figure may exclude some rather important future liabilities, possibly unfunded pension liabilities according to some analysis I\u2019ve read, though I\u2019m not an expert on the financial practices of the British Civil Service.<\/p>\n\n\n\n

In my opinion if Britain continues down this path, it is only a matter of time until Britain does so much damage to their own economy they default on their debts, either by suspending repayments, or a technical default in the form of trying to print their way out of trouble, repaying nominal GBP debts using hastily debased currency, fulfilling their financial obligations in name only.<\/p>\n\n\n\n

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

The behemoth Australian fund IFM Investors will sink \u00a310bn (A$19bn) into infrastructure and energy transition projects in Britain by 2027 as part of a new memorandum of understanding with the Sunak government. From Watts Up With That? Essay by Eric Worrall Betting retirement funds on the honesty, consistency and fiduciary skill of Nut Zero obsessed […]<\/p>\n","protected":false},"author":121246920,"featured_media":289120,"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":"The behemoth Australian fund IFM Investors will sink \u00a310bn (A$19bn) into infrastructure and energy transition projects in Britain by 2027 as part of a new memorandum of understanding with the Sunak government.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"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":[691818216,691818902,691818076,691818618,691818154,691823406],"class_list":{"0":"post-289117","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-britain","10":"tag-co2","11":"tag-energy-transition","12":"tag-net-zero","13":"tag-retirement-funds","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-608.png?fit=1024%2C1024&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1ddb","jetpack-related-posts":[{"id":413229,"url":"https:\/\/climatescience.press\/?p=413229","url_meta":{"origin":289117,"position":0},"title":"Sweden\u2019s pension disaster rings alarm bells for Reeves","author":"uwe.roland.gross","date":"14\/11\/2025","format":false,"excerpt":"Eighty kilometres from the Arctic Circle, Europe\u2019s decarbonisation dream is falling apart.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQMgyZucF4ivRfKon4nFCQPP0i3zyRlr71SKE2Bs3u2vArIANv_gLlo5wWp6Q1wPjbkluE5BE3G0-8mwjMoAoFAZMwhwMiJ0zVAWHlYMp_QU1AiaDv-fGx0sxeRUxUsbupUWJW6v-OvmHgHeV9dOdPxUUlootQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQMgyZucF4ivRfKon4nFCQPP0i3zyRlr71SKE2Bs3u2vArIANv_gLlo5wWp6Q1wPjbkluE5BE3G0-8mwjMoAoFAZMwhwMiJ0zVAWHlYMp_QU1AiaDv-fGx0sxeRUxUsbupUWJW6v-OvmHgHeV9dOdPxUUlootQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQMgyZucF4ivRfKon4nFCQPP0i3zyRlr71SKE2Bs3u2vArIANv_gLlo5wWp6Q1wPjbkluE5BE3G0-8mwjMoAoFAZMwhwMiJ0zVAWHlYMp_QU1AiaDv-fGx0sxeRUxUsbupUWJW6v-OvmHgHeV9dOdPxUUlootQ.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQMgyZucF4ivRfKon4nFCQPP0i3zyRlr71SKE2Bs3u2vArIANv_gLlo5wWp6Q1wPjbkluE5BE3G0-8mwjMoAoFAZMwhwMiJ0zVAWHlYMp_QU1AiaDv-fGx0sxeRUxUsbupUWJW6v-OvmHgHeV9dOdPxUUlootQ.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQMgyZucF4ivRfKon4nFCQPP0i3zyRlr71SKE2Bs3u2vArIANv_gLlo5wWp6Q1wPjbkluE5BE3G0-8mwjMoAoFAZMwhwMiJ0zVAWHlYMp_QU1AiaDv-fGx0sxeRUxUsbupUWJW6v-OvmHgHeV9dOdPxUUlootQ.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":422838,"url":"https:\/\/climatescience.press\/?p=422838","url_meta":{"origin":289117,"position":1},"title":"Britain to extend life of ageing nuclear plants to keep the lights\u00a0on","author":"uwe.roland.gross","date":"24\/01\/2026","format":false,"excerpt":"Two of Britain's oldest nuclear plants- Hartlepool and Heysham 1 (both Advanced Gas-cooled Reactors, or AGRs, operated by EDF Energy)- could see their lives extended by an additional two years to around 2030. 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