<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:10pt"><div style="RIGHT: auto"><SPAN style="RIGHT: auto">Re-sending Peter's email.<VAR id=yui-ie-cursor></VAR><BR style="RIGHT: auto" class=yui-cursor></SPAN></div>
<div><BR></div>
<DIV style="FONT-FAMILY: arial, helvetica, sans-serif; FONT-SIZE: 10pt">
<DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT size=2 face=Arial>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Theo Negoita <ante712-gren@yahoo.ca><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> "all@gren.ca" <all@gren.ca> <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, December 22, 2011 12:50:19 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Fw: <BR></FONT><BR>
<DIV id=yiv926468165>
<DIV>
<DIV style="BACKGROUND-COLOR: #fff; FONT-FAMILY: arial, helvetica, sans-serif; COLOR: #000; FONT-SIZE: 10pt">
<DIV><SPAN>From Peter Kofler: please see below.</SPAN></DIV>
<DIV><SPAN></SPAN> </DIV>
<DIV><SPAN>Theo<VAR id=yiv926468165yui-ie-cursor></VAR></SPAN></DIV>
<DIV style="FONT-FAMILY: arial, helvetica, sans-serif; FONT-SIZE: 10pt">
<DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV id=yiv926468165>
<DIV>
<DIV dir=ltr>
<DIV dir=ltr> </DIV>
<DIV dir=ltr>-----<BR></DIV>
<DIV dir=ltr>
<DIV id=yiv926468165mpf0_readMsgBodyContainer class=yiv926468165ReadMsgBody>
<DIV id=yiv926468165mpf0_MsgContainer class="yiv926468165SandboxScopeClass yiv926468165ExternalClass">
<STYLE>
#yiv926468165 .yiv926468165ExternalClass .yiv926468165ecxhmmessage P
{padding:0px;}
#yiv926468165 .yiv926468165ExternalClass body.yiv926468165ecxhmmessage
{font-size:10pt;font-family:Tahoma;}
</STYLE>
<DIV dir=ltr>
<DIV dir=ltr>
<DIV dir=ltr>
<DIV dir=ltr>
<DIV dir=ltr><I>Still think that markets are uncannily clever in assessing risk with respect to the climate change, environmental and social justice files? Well guess again. As Grist writer David Roberts points out re. US (and, let's face it, Canadian) markets:</I></DIV>
<DIV dir=ltr> </DIV>
<DIV dir=ltr><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN><I>Markets are assuming that fossil fuel companies will burn the fossil fuels that the world's governments have, at least implicitly, said they cannot burn. That's the "profound contradiction." So what are markets thinking?</I></SPAN></DIV>
<DIV dir=ltr><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN><I></I></SPAN> </DIV>
<DIV dir=ltr><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN><I>....<SPAN style="LINE-HEIGHT: 115%; FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN class=yiv926468165ms__id5492>they just don't think countries are serious about climate change</SPAN></I><SPAN style="LINE-HEIGHT: 115%; FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN>. <I>They think it's going to be business as usual.</I></SPAN></SPAN></DIV>
<DIV dir=ltr><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN><I></I></SPAN> </DIV>
<DIV dir=ltr><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN>
<DIV style="LINE-HEIGHT: normal" class=yiv926468165ecxMsoNormal><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN><I>...They don't assume there will be no climate policy. They include state RPSs </I>(Renewable Portfolio Standards) <I>and even a carbon price starting in 2020. But as the results show, that level of policy is woefully inadequate.</I></SPAN></DIV></SPAN></DIV>
<DIV dir=ltr> </DIV>
<DIV dir=ltr>
<DIV style="LINE-HEIGHT: normal" class=yiv926468165ecxMsoNormal><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN><I>...And yet we do nothing to prepare for the future that inaction is going to bring us! It's a widespread and increasingly glaring case of cognitive dissonance in the institutions and practices at the center of the modern global economy. One way or the other, it's going to resolve itself, and I fear the results will not be pretty.</I></SPAN></DIV>
<DIV style="LINE-HEIGHT: normal" class=yiv926468165ecxMsoNormal><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN></SPAN> </DIV><SPAN style="FONT-FAMILY: 'serif'; FONT-SIZE: 12pt" lang=EN>
<DIV dir=ltr><A href="http://www.grist.org/climate-policy/2011-12-20-markets-and-climate-change-a-case-of-cognitive-dissonance" rel=nofollow target=_blank><FONT color=#0068cf>http://www.grist.org/climate-policy/2011-12-20-markets-and-climate-change-a-case-of-cognitive-dissonance</FONT></A></DIV>
<DIV dir=ltr> </DIV>
<DIV dir=ltr><FONT size=2 face=Tahoma><I>Perhaps these "markets" would be better described as schizoid delusional sociopaths.</I></FONT></DIV></SPAN></DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV><BR><BR></DIV></DIV></DIV></DIV></DIV><BR><BR></DIV></DIV></div></body></html>