Ontario teachers have a new plan to go green…..by investing in Middle East pipeline projects.
23 Replies to “Ontario Teachers Pension Plan Goes Green”
Did they find treasures up my nose?
You know, going green and all…
Perfectly defining the term useful idiots.
The fund will do very well, but not for these so called educators. The union grime will siphon it. When the markets shift they will be shocked! Shocked I tell you to find that the fund is running dry.
Proving once again, people hate this country. They don’t see a future when investing in it but regard it as only a cash cow.
I call bullshit, as there are no LNG pipelines.
Yeah, right Woodporter. Normally, one liquifies natural gas and loads it directly onto a ship for transport. It is under huge pressure. Why would anybody liquify natural gas then place it in a very expensive high pressure pipeline for land-based transport and then decompress it. Makes no sense.
Gerry
Woodporter is 100% right.
There are NO LIQUID Nat Gas Pipelines…common sense buddy.
Natural Gas Liquifies at -260F. IN a liquid state it is under very Little Pressure but must remain at or below that temperature…its only when it gasifies that it expands exponentially and pressure becomes an issue.
These white collar unions have likely learned about what happens to their returns when they allow union bosses to direct the investments. The Union representing forest workers on the Coast (IWA) used to have their boss “invest” their pension funds in union-friendly ventures like hotels that went broke. The union subsequently went broke and was taken over by steel workers who had deeper pockets. The epistemological mush of ESG is now the latest thing to come along to the rent seekers, greens, and finance drones. It was pushed to starve the Oil and Gas sector but depending on how deeply one dives into the definitions, one could justify no investments in anything. Under the S and G portion, no company in China or any company that has anything to do with China could pass. Right now, the O&Gs are generating enough cash flow and applying cap-ex discipline such that they can eliminate all debt, literally buy their stock back and privatize if no one else was interested in making 100 to 200% returns over the next few years. They could pay out double digit dividends sustainably. I say let all those institutions driven by ESG and Mark Carney clones invest in feel good industries with hopefully lousy returns.
Ask them about Blackrock and Vanguard then watch them slink away.
It’s just occurred to me that the unionized civil service sector of this country are like vultures and just pecking at the marrow of our bones now, only because they know the middle class will be gone in a couple of years.
It’s like the scene from Goodfellas where the mob had access to the money counting room. They knew it would all come to an end someday but they never let that knowledge interfere with their greed.
Back In 2012 Mauritius celebrated Earth Hour by turning all the lights up to eleven.
A few years ago I read somewhere that Quebec doesn’t want Alberta oil because the Quebec pension plan is heavily invested in Saudi oil.
I’m thinking also that the Montreal & Quebec dock workers are all part of the Quebec mafia…and skim a decent chunk of Oil profits from every tanker that comes to either Montreal or Quebec city….said Backsheesh helping to lubricate the Quebec & Federal Liberal Party political scene.
I guess for Ontario Teachers, it’s a good thing they don’t practice what they preach in class.
They should invest in Putin’s Nat. Gas. … why? Because Vlad. has got … leverage. Leverage over a childishly “green” Europe. Childishly desperate … dependent … and … “green”.
Cha-CHING!!! €€€€€
Seriously looking at investing in Gazprom. Good dividends, lots of opportunity and a non-tarded government.
Ontario school teachers always taught socialist principles of envy and greed, they have used those principles to become enormously wealthy. The government should expropriate their pension plan – and put it into “health care” for the greater good of course…
I sold some of my father’s machine shop equipment to some teachers who were close to retirement. There wasn’t a lot of dickering over the prices. They simply peeled off 50s and 100s without much problem.
That paid for a lot of my expenses when I was at my house in B. C.
Did they find treasures up my nose?
You know, going green and all…
Perfectly defining the term useful idiots.
The fund will do very well, but not for these so called educators. The union grime will siphon it. When the markets shift they will be shocked! Shocked I tell you to find that the fund is running dry.
Proving once again, people hate this country. They don’t see a future when investing in it but regard it as only a cash cow.
I call bullshit, as there are no LNG pipelines.
Yeah, right Woodporter. Normally, one liquifies natural gas and loads it directly onto a ship for transport. It is under huge pressure. Why would anybody liquify natural gas then place it in a very expensive high pressure pipeline for land-based transport and then decompress it. Makes no sense.
Gerry
Woodporter is 100% right.
There are NO LIQUID Nat Gas Pipelines…common sense buddy.
Natural Gas Liquifies at -260F. IN a liquid state it is under very Little Pressure but must remain at or below that temperature…its only when it gasifies that it expands exponentially and pressure becomes an issue.
Call ’em and find out.
https://g.co/kgs/yihRCz
Ha ha.
These white collar unions have likely learned about what happens to their returns when they allow union bosses to direct the investments. The Union representing forest workers on the Coast (IWA) used to have their boss “invest” their pension funds in union-friendly ventures like hotels that went broke. The union subsequently went broke and was taken over by steel workers who had deeper pockets. The epistemological mush of ESG is now the latest thing to come along to the rent seekers, greens, and finance drones. It was pushed to starve the Oil and Gas sector but depending on how deeply one dives into the definitions, one could justify no investments in anything. Under the S and G portion, no company in China or any company that has anything to do with China could pass. Right now, the O&Gs are generating enough cash flow and applying cap-ex discipline such that they can eliminate all debt, literally buy their stock back and privatize if no one else was interested in making 100 to 200% returns over the next few years. They could pay out double digit dividends sustainably. I say let all those institutions driven by ESG and Mark Carney clones invest in feel good industries with hopefully lousy returns.
Ask them about Blackrock and Vanguard then watch them slink away.
It’s just occurred to me that the unionized civil service sector of this country are like vultures and just pecking at the marrow of our bones now, only because they know the middle class will be gone in a couple of years.
It’s like the scene from Goodfellas where the mob had access to the money counting room. They knew it would all come to an end someday but they never let that knowledge interfere with their greed.
Back In 2012 Mauritius celebrated Earth Hour by turning all the lights up to eleven.
https://hosting.photobucket.com/albums/b331/kevster1346/.highres/Mauritius.jpg?width=1920&height=1080&fit=bounds
A few years ago I read somewhere that Quebec doesn’t want Alberta oil because the Quebec pension plan is heavily invested in Saudi oil.
I’m thinking also that the Montreal & Quebec dock workers are all part of the Quebec mafia…and skim a decent chunk of Oil profits from every tanker that comes to either Montreal or Quebec city….said Backsheesh helping to lubricate the Quebec & Federal Liberal Party political scene.
I guess for Ontario Teachers, it’s a good thing they don’t practice what they preach in class.
They should invest in Putin’s Nat. Gas. … why? Because Vlad. has got … leverage. Leverage over a childishly “green” Europe. Childishly desperate … dependent … and … “green”.
Cha-CHING!!! €€€€€
Seriously looking at investing in Gazprom. Good dividends, lots of opportunity and a non-tarded government.
Toronto Star article from the 1970’s
“The prospects are chilly for Canada”
https://app.photobucket.com/u/kevster1346/p/fce08ede-9493-4817-aa07-9965621edaca?mode=zoom
Test
https://app.photobucket.com/u/kevster1346/p/c2f6f930-8f91-4651-a15d-21b8d4600139
Nope, and nope.
Re-test.
Thanks, back to the drawing board.
Test 2
https://hosting.photobucket.com/albums/b331/kevster1346/val%20sears_zpsmhims2bl.png?width=1920&height=1080&fit=bounds
Ontario school teachers always taught socialist principles of envy and greed, they have used those principles to become enormously wealthy. The government should expropriate their pension plan – and put it into “health care” for the greater good of course…
I sold some of my father’s machine shop equipment to some teachers who were close to retirement. There wasn’t a lot of dickering over the prices. They simply peeled off 50s and 100s without much problem.
That paid for a lot of my expenses when I was at my house in B. C.