Is there any policy that doesn't link to the UN?

Tuesday July 9th 2024 5PM

Purpose: To provide Council with an update on investments and how staff are aligning with North Cowichan’s socially responsible goals and objectives for investing.

• Recommendation:

  THAT the Committee of the Whole receive the report dated July 9, 2024 from the Director, Financial Services, for information.

Meeting link

Once again, NC is in bed with the UN SDGs and ESGs with their investments. Unfortunately a) ESG investments are extremely expensive compared to their counterparts, and have a much lower return, and can be greenwashed ( ie largest ESG funds consit of BlackRock, and Vanguard, who invest in EXXON and asked them to put less investments into resources that we depend on.

From NC Investment firm:

Even if these seem good, how are they regulated? They are not.

Many well established groups such as the Fraser Institute and Harvard Law have also pipped in which can be seen Here, Here, and here (well worth signing up for to read - free)

Our Councilors mean the best, as many do who invest, but the dark belly of this beast who feeds the trillion dollar industry does not actually save the world, it directs our money to their funds to claim some virtue signaling credit, that only is used to create more wealth, not true environmental protection and sustainability.

From their Climate Action Plan to their investments, North Cowichan and all other Munis are beholden, and it is not to you.

Have your say if you wish tomorrow.

Sincerely,

Team COAP