TheThreeGorgesGroupisoneofthemostpowerfulcentralenterprisesintheYangtzeRiverBasin.ThestatehasgiventheThreeGorgesGroupanewmissionandnewtasktoplayaleadingroleintheprotectionoftheYangtzeRiver.AsthemainbodyandimportantplayerintheimplementationoftheYangtzeRiverGrandProtectionbytheThreeGorgesGroup,YangtzeRiverEcologicalEnvironmentalProtectionGroupCo.,Ltd.undertakesthetaskofprojectimplementationrelatedtotheYangtzeRiverGrandProtection.EcologicalenvironmentprotectionintheYangtzeRiverEconomicBeltservesthedevelopmentstrategyoftheYangtzeRiverEconomicBelt.@Relax1,thanksforcorrectingmyerrors."Talk about a company punching above its weight politically."
Ireproducedyourcommentsabovetoemphasizesomething:thisishuge.The3GGroupwascommissionedbynolessthanXiJinPingtoundertakewhatyoujustdescribed.AnybodywhoknowsChinaknowsthis,ifXJPwantstheYangtzebasincleanedup,itwillbecleanedup.ChinaisnotIndia.Thecommunistpartyknowsitgetsitslegitimacyfromgettingthingsdonetoimprovethelivesofitspeople,theenvironmentandadvancetheeconomy.
Lestthepointismissedoutfromyourreaders,FLC,asmall,LITTLE(emphasismine)foreigncompany,withthepartnershipofKaitianandYiyangCity.Yetitisabletobeapartofthesolutiontotheproblemofpollutionalongthe3provincesofAnhui,ZhejiangandHubei.(https://www.chinadialogue.net/article/show/single/en/11554-Half-of-Yangtze-provinces-are-water-stressed).FLCisthetechnologyprovider,Kaitianisthelocalgame-maker,andYiyangCitywantstoassemblethemodulesandcreatelocaljobs.
Nowthepointofthispost,whotheheckisFLC?Howisitabletogetintotheattentionofthe3GGroup,onestepawayfromBeijing?Similarly,howisFLCabletogetintothebooksoftheIvoryCoastgovernment,getacontractofEuro165mandthesupportofIsrael'sExportCreditAgency(ASHRA)?
Talkaboutacompanypunchingaboveitsweightpolitically.
Interesting piece from CNBC on ESG investing.
If you take out the personalised politics surrounding Climate Change, there is a global macro shift in investment attitudes at all levels - political, professional and retail.
It's a powerful thematic driven by vested interests at the highest levels of government and finance.
And it's just getting started.
It's taken a while, but Fluence is now extremely well-positioned to take advantage, and profit, from what is going to be one of the biggest macro trends, if not the biggest, for years to come.
With his global network of business and political interests, I'd suggest Ron Lauder is particularly well-placed to help drive this.
https://www.cnbc.com/2019/12/31/climate-change-investing-catches-on-with-millennials.html
"For investors, their view of climate investing may have been to avoid fossil fuels companies but invest in water pipes, power storage, carbon capture and solar panels.
But the scope of investment is broadening and climate is expected to be a consideration for every sector, starting with finance, at the very heart of all business.
Earlier this month, for instance, Goldman Sachs CEO David Solomon pledged the investment bank would invest $750 billion through 2030 in initiatives that include fighting climate change. The company is also tightening lending on certain fossil fuel projects, including Arctic drilling.
The Federal Reserve too is expected to become much more involved in assessing climate impacts. In November, one of its 12 regional banks, the Federal Reserve Bank of San Francisco held the Fed’s first climate research conference. The Fed has reportedly discussed getting involved in a global network which includes central banks and regulators, formed in 2017 to discuss climate-related issues and impacts on finance and the economy.
Other central banks have been more outspoken. Mark Carney, outgoing head of the Bank of England, warned this week that the world is in a climate crisis and the financial sector has been too slow to shift its focus away from fossil fuels. Carney has instituted stress tests for U.K. institutions and sectors to see how they could be impacted by climate. His next position will be with the United Nations as special envoy for climate and finance.
Grant Thornton chief economist Diane Swonk said the Federal Reserve is likely at some point to include climate exposure impacts in banking industry stress tests, as the European Central Bank does.“The Federal Reserve in particular is concerned about how our financial system will deal with extreme weather... [Weather] affects everything from insurance to bank portfolios,” she said. “It’s not a tomorrow problem. It’s a today problem. Once-in-a-100-year-storms are coming every year now. Whether you believe in it or not, it’s something you should hedge against.”
Extreme weather, in increased fires and drought, hurricanes and flooding, is making its own case for investment.“This is real money. It means real money, a real loss of money and real opportunity,” Swonk said. “What you’ve got at the end of the day is money talks. If people won’t listen to mother nature, they will think of the greenback.”
Jack Ablin, chief investment strategist at Cresset Wealth Advisors, said his baby boomer aged clients were looking for ways to invest when they were younger, and many of those investments didn’t really pay off.
He is now looking at water and water infrastructure, both through stock and private investments.“Water has been a big retail stock broker theme for years during the ’70s and ’80s and nothing really came of it. The older investors are somewhat skeptical because the story never played out. The younger investors never heard the story, and they’re looking out into the future, thinking there is an issue here,” he said.
Ann: Fluence wins US$3 million Follow-on Order from Kaitian, page-13
Add to My Watchlist
What is My Watchlist?
