Who would call Tony Abbott stupid?

Well who would say our Prime Minister in Australia is stupid? Not I; even though the financial community across the world is supporting a transition to renewables.

The following article is from the Financial Times - 24th September 2014

Well, what would Rockefeller's investors know any how? They made their money in oil, and they now recognise when it's a lost cause. Yes, they would call Tony Abbott stupid.

Well, lets try someone else. How about Warren Buffet? That's the same guy that invested $15B from the world's most famous investment fund (Berkshire Hathaway Inc) in renewables and said this year that there's another $15B where that came from - he's betting the farm on it. Nice one Warren... Yes, he'd call Tony Abbott stupid.

The CEO of GE, Jeff Immelt priced carbon internally in GE from 2005, forcing lower carbon emissions. The market thought he was crazy until the 2008 oil shock (when oil rocketed to $147/barrel) and GE's diesel electric trains and jet engines which had been driven to the most efficient in the world had order books the envy of every other company. Jeff said when he was in Australia a few years ago that the Australian Government was crazy for not having an ETS.  So I think definitely Jeff would call Abbott stupid.

In fact, many companies around the world including Shell and BP price CO2 internally to bring about a certain behaviour. Ha, not Australia, we dropped our Carbon Tax!

So, do I call Abbott stupid? No, I don't have to, many much more eminent people than I would stand up in front of me to call Abbott stupid. Why should I waste my breadth? He doesn't listen anyway.