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William Furness's avatar

You've published a self-critical piece in the past, taking yourself to task for not doing enough. Perhaps it's time to acknowledge you have had an outsized role in getting this sentence written.

I don't always agree with you 100 percent, but you have done a ton. I appreciate this call to make the sentence meaningful through action as well.

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Tim MacDonald's avatar

"an agreement that included a sentence calling for "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner."

What I’m trying to say is, today’s agreement is literally meaningless—and potentially meaningful. "

Yes. You are right, Bill.

It is meaningless as another call for Corporations and Politicians to make a different plan to make a different plan.

It is meaningful as a call for activism to pivot to the question of, How?

Specifically, How are we going to finance the design of this transition that is just, orderly and equitable.

Orderly is the operative word. This transition cannot be an exercise in Creative Destruction. The conflict that will be involved in the Destruction will be just as deadly to justice, oder and equity as inaction is.

It needs to be an exercise in prudent stewardship.

What institution exists today that is purpose-built for prudence, with the mission, the duty and the scale to exercise stewardship over the redesign and reconstruction of the global energy supply ecosystem, for energy sufficiency with habitat longevity and social equity?

There is only institution that fits this bill. The institution of Fiduciary Money. The tens of trillions in society's shared savings aggregated, collectively, worldwide, into social superfunds for the social purpose of provisioning the social goods of Workplace Pensions and Civil Society Endowments.

This institution is currently invisible to our common sense, hidden from view by Market professionals, who have "basically pushed out the attorneys from interpreting fiduciary duty" for this Fiduciary Money (Keith Johnson). When the attorneys got pushed out, so did accountability to our shared common sense, and loyalty of this institution to its institutional purpose of prudently replenishing its depletions to keep itself ongoing as a mutual aid society that is also a forever machine, constantly and consistently delivering an ever-present and evergreen confidence of security in the future to contractually qualified populations of contractually qualifying individuals, directly, that will also be, of necessity, a secure future for all of us, consequently.

We need a movement of common sense to push the attorneys back in, and push the Market professionals out, so we can return this Fiduciary Money to its true authentic purpose, and mobilize I it, true to purpose, to finance the redesign and reconfiguration of our global "energy systems, in a just, orderly and equitable manner".

THAT is the true meaning of COP28!

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