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Angry Planet

What's a Planet Worth?

Angry Planet

Matthew Gault

War, Politics, Conflict, Government, History, News

4.3882 Ratings

🗓️ 6 March 2023

⏱️ 55 minutes

🧾️ Download transcript

Summary

As the planet slowly broils, we keep hoping that some technological revolution will save us. Not just carbon capture or seeding the oceans with iron to grow algae that will drink in all the carbon dioxide right out of the atmosphere, but solutions that we can power our homes with and drive around. But what if we’ve put all of our money on the wrong horse? David Ko and Richard Busellato former hedge fund managers, have a different solution, but can it really save the Earth?

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Transcript

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0:00.0

Love this podcast support this show through the a cast supporter feature

0:05.1

It's up to you how much you give and there's no regular commitment. Just click the link in the show description to support now. People live in a world with their own making.

0:25.0

Frankly, that seems to be the problem.

0:31.0

Welcome to Angry Planet. Hello and welcome to angry planet. I am Jason Fields. Matthew Galt is under the

0:47.8

weather which is ironic because that's what we'll be talking about today. As I record this, it's a balmy 60 degree day in the middle of February in Washington, D.C.

0:58.4

And that's just not right. To talk to me today about what it means for all of us, I'm joined by Richard

1:06.1

Bussellato and I'm pronouncing that by the way properly.

1:10.8

Very good for an American. You get nine out of town there.

1:14.0

And David Koh, they are the authors of the unsustainable truth, how investing for the future is

1:21.8

destroying the planet and what to do about it.

1:25.0

Well, what does that mean?

1:28.0

Which of you guys wants to start?

1:30.0

Oh, bringing straight on the...

1:34.0

Yeah, basically if you boil it down to its smallest essence is...

1:55.0

We are running out of capacity on this planet to keep on doing what we've been doing for quite a long time and the reason we are doing so is that we've extracted too much. And part of that is that all investments we do requires more of these resources to be used.

2:04.0

There are no shortcuts, even if you're doing good with your investments, you still require resources to get them off the ground and become productive.

2:12.0

So we find ourselves more or less, I think,

2:14.2

in a situation now when we are running out

2:16.2

of this capacity on the planet.

2:18.8

And to us, it's fairly clear that ultimately a problem caused by too much investment cannot really

2:26.4

get resolved by investing as further through this transition.

2:30.5

We need to look at a different approach of how to safeguard the planet as we know it.

...

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