The world-first case alleges the Government failed in its duty to disclose climate change's impact on the value of government bonds
Katta O'Donnell, the head litigant for the class action suit, said she hoped the case would change the way Australia handled climate change. Experts say the drought and the threat of bushfires in Australia exposes the Government to more financial risk compared to other countries. However bonds, like shares, can lose value if they become less attractive to the market. This can occur if investors question a government's ability to repay them due to rising government debt, ethical or reputational reasons.
APRA is working with corporate regulator ASIC and the Reserve Bank of Australia to ensure public companies are examining climate risk, disclosing it to investors, and acting on it. The case is a class action, with Ms O'Donnell representing all investors and potential investors in government bonds tradeable on the Australian Securities Exchange.
Lol that they have enough puts determination to do that
An example of the list ability of students to think & analyse a problem, considering all evidence. And how is it just the fault if this one government, not all governments for all time. As we know Aus could eliminate our carbon emissions & it would have little to no impact.
What will your response be re: Australian Government Bonds not disclosing climate risk ? HumanFutureAu , RBAInfo , IPCC_CH , CommBank , ANZ_AU , Westpac , ActOnClimate100 HESTASuper AustralianSuper UniSuperNews IAGAust RACV_Official
HAARP luv... HAARP
What a stupid kid
Hahahahahahaha, go live in Norway ,you might have more success.
Maybe some numpty can sue the government & stop the Covid19 pandemic at the same time. Obviously they deludedly think it works for ClimateCrisis
Let’s do it, just sue everyone!
DefundTheABC ScottMorrisonMP If they want to be an activist organisation, they can pay their own way. The world is not doomed because of 400ppm of CO2 & groups who promote it are a cult.
You better hope that sanity prevails & this crap doesn't get up. We would need to cut ABC handout to fund it.
Good luck, Katta. The world is rooting for you...
Leftie woke entitled self centred snowflake. GetAJob .
We all need join class action against China for COVID damage.
GO AND GET A REAL JOB
Junk science.
I hope she wins.
The problem is, we fight these legal battles but Arctic ice may be gone before it reaches court.
Stupid attention seeking brat will be home this morning with lights on in rooms she’s not using, having a half hour shower and using a bunch of unnecessary luxury items to pretty herself up, and killing the environment by doing so.
she should be suing the Sun.
What nonsense, probably funded legal costs by unknown, parties involved in alternative energy like Greta. All a time waste to keep the issue hot. OZ 1.3% world emissions. A joke, young people Gamed what's new.
You're already misleading a court of law by mislabelling HumanCausedGlobalWarming something type-, cause-, an epoch-ambiguous like 'climate change'. It's an Orwellian error, but a common theme for the left (esp. those influenced by the religion of critical theory).
Can she define “safe” investment ? all,of them have risks, be responsible,for your decisions...as if the court system needs this waste of time...
KetanJ0 I hope she needs to pay costs
Good luck. Current federal government are climate change deniers. Hopefully next one will be better.
Anyone who's still a student at 23 should just be laughed at.
Girls, the government has more important things to do right now ... go get laid and relax
Good onya girl , go get these climate criminals helping to ruin our homes , our world 👍🏽
Crippling our economy with unreliable renewable expensive power manufactured in China with coal power while not utilising out own abundant natural energy sources. Go Greens!
Our poor brainwashed youth
If she studied finance she may have bought a hedge instrument.
Good on her.
Interesting... Most law students get attention by doing an internship and/or paralegal work.
Yes!! Finally! Australia is finally catching up to the rest of the world. For all the morons saying this is waste of time... please read this.. Governments and firms in 28 countries sued over climate crisis – report
DefundTheABC
Oh wow....words fail.
... seriously?
In Australia ? Omg that is ridiculous , climate change has nothing to do with Australia regardless of your beliefs , how does she think Australia can change pollution in India and china and the rest of the world ? .
Attention seeker. This is so unnecessary
I think we have bigger problems at present than giving airtime to this light weight. Good luck darl.
Yeah this is the sort of moronic crap that needlessly wastes precious court resources. 🙄
The same generation that throws rubbish on the ground at our local lakes and parks? And yes I have seen them do it and they don't care
Oh lordie, not another wanna be Greta after her 5 mins of fame🙄
Lol as if a Uni student would invest in govt bonds ... but funny anyway. The gift is steeped in its own bs
sheryl_gwyther DeeWhiteauthor !!! 🤗
Yes
Well done to this girl....
This is what it will take, the strength, conviction & integrity of those who actually own the future.
Superannuation funds should be sued for investing in useless renewables. They cannot survive without taxpayer funded subsidies. This moron should be sued for stupidity. Find out who is backing her. I bet it’s a renewables investor. Probably her Dad.
Whys MrKRudd bought a sea side mansion Asking for a friend.
Suing the government over the weather, the epitome of having too much time, money and no real issues
you go girl!
Useless publicity stunt
What a stupidity. The government will win (it cannot value the effect of climate change on government bonds), and the girl will remain with a hefty bill for the litigation costs.
Can we sue the Govt for all the corruption? 😡😡😡
Her parents should be arrested for child abuse.
Student bankrupted by legal costs.
Goes to show her priorities with what is happening in the world right now...
Yep the Gunga is particularly good tonite!
Stupid case from all legal perspectives... even if she wins liability technically falls onto the people who voted them in & failed to monitor thier activities under a democratic system. She should sue her parents, grandparents, & network providers she uses her phone from...
Brainless.
Hahahahaha, hilarious!
Stupid snowflake mole.
Should read: ‘Student wastes taxpayers money and time’
Agree with sentiment BUT to be clear, Gov is ISSUER of the currency & doesn't borrow from ANYONE to spend in its own currency. Bonds don't 'fund' spending at all. Their main role is to control interest rates. But go for it. Pass the popcorn 🍿auspol ClimateCrisis economics
LouisevanSmee The government may pass legislation to prevent them From being prosecuted by anyone, Except the High Court, Which is expensive.
I’m encouraging every person whose ever been inside a Smokey nightclub to Sue the fuck out of everyone icantbreathe😵😷
Sue ya heart out , it,l be your taxes payin it 😀 everyone thinks money magically appears.
Yes. The government funded education you received was definitely money better spent elsewhere. 🖕🏻
Do your research before investing, don’t blame government for your own stupid actions...
Duh....
She is contributing to this environmental damage by existing. We should all sue her.
There's a Greta in every country. We found ours.
Tell her to grown a brain and grow up!
A new generation of Australians has come of age. Totally fucking useless drones what will have no intention or capabilities to contribute to the world they've inherited.
Huh?
😂 Good luck with that climate scam Princess. 🤔 Who's paying this 🤡s legal fees.
Ah. So can we sue the government for ACTUAL financial loss that is happening in REALITY right now? Or can we only sue them for imaginary eventualities? Asking for the population of a large island.
wilburhunt
Its not world first. Many investors been trying to tag companies with non disclosure of climate risks. Just a waste of courts time. Ultimately, the risk in Bond default is whether a country can pay the face value at maturity. Climate change is not material to that.
This has just made my day!!!
When it comes to climate change and Australia, money should be the least of our worries but instead, our rapidly withering earth. But if the Australian Government are wrong, they're wrong...and I'm not sure if they are or aren't. Wish boomers would stop thinking climate change
In addition to government defunding of social science, political science and gender studies, we should also include a marked reduction in govt funding for legal studies that major in advocacy for PC Left activism. Once the Andrews govt is gone from Vic, this should become easier.
Who is backing her
political_alert RichieRichiHunt
Idiot, what climate change.
Another Greta? 🤮🤮🤮🤮🤮
Can we sue Dan Andrews then?
Twitter needs a laugh react
Go! You good thing!
Is it just me? 1.6 million job seekers that must apply for 4 jobs per month. That's 6.4 million job applications per month for 100,000 vacancies of which most go to ppl with jobs. Who is going to read these applications? Business will just trash 99%. Absolute Madness!!! LNPfail
Can you imagine the LNP Govt in court, challenging everything: 'Define Earth' auspol
Acting on 'expert' advice? Or is this part of her course-work?
grandsolarminimum Jesus. H. Cuhrist. Huemans are THICK.
Joke!
More power to her
She needs to get a job. A proper one.
Get some life experience
Well I hope she’ll have to pay costs when she loses
Oh for fucks sake.
Great! Finally some good news.
We should let this go on for a bit longer, because we all need something to laugh about sometimes.
Students can learn logical thinking at our Unis or not?
How does a student get the funds to sue anyone? How do I get the funds to sue -HER- for future existential harm brought about by her hostile attempt to coral me into a World without benefit of Carbon-driven efficiency and intensity? DefundTheUndergradGoths
Im clocking off
Really I would think that the government is well aware without wasting time and money when at this moment there is more pressing things for the government to focus on
what a load of shit
Can we sue ABC for their unrelenting Marxist propaganda and their use of taxpayer funds trying to push a system with 100% rate of failure and 100 million dead as it's crowning achievement?
Hahaha. Now she had to actually prove in a city of law all the lies the media have been feeding her. This has been tried before and thrown out.
She should be suing the education system.
Give her covid-19 and see how long she lasts without all the man-made pollution advancements that would save her life.
Does the ABC run its news room on solar panels and batteries if not shut the F**k up!
The only risk factors required to be offered in prospectus are those which are both specific and reasonably foreseeable by management but not investors. Risks from climate change are macro, not specific and are expected to be understood by investors. What a farce.
This is the most ridiculous thing I have ever heard, the only people that this will benefit is the lawyer’s
Shouldn't she be more worried the government is going into increasing debt to give out money for the chinavirus shutdown?
Her, but the point stands.
‘World first’... I think attention seeking narcissistic behavior has happened before. Pretty sure of it.
rationaliza 🤣🤣😂🤣😂🤣🤪
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂fire truck off
Lets hope this grab for cash is thrown out and sends her broke with court costs... What a waste of space !
Gotta speak their language, smart kid :/
Look Mr Howard! Turns out it was real after all! Hey ScottMorrisonMP... APRA, ASIC & the RBA all believe it's real too. Why the hell don't you?
How will she fund her case & how much will it cost the taxpayer to defend?
I will sue the government for not protecting me from people like her! What a waste of resources.
Bonds, like any investment, carry an inherent risk. Its not the government's responsibility to mitigate or manage YOUR exposure to those risks.
Good. I hope they win. Government sitting on their hands waiting for climate and ecological breakdown, all while subsidising the biggest polluters on this planet.
Federal government policies on climate change look decades ahead, same as any government around the world. I think she could be married, kids grown up and grey haired before she collects.
Who is paying her bills?
Correction: Girl seeks attention.
Well there is this thing called 'law of unintended consequences' hope she is ready
Who's paying for this shit?
May I suggest the stupid young woman, is wasting her time, it will be years before it gets to court, if it ever does. Only on the Anti-Australian ABC !
What an idiot
I Hope She Wins.
Bla bla bla, found a few leftie lawyer to represent her for the publicity This will go nowhere
HelenErrington1 AustralianLabor must be BOLD with 100% renewable by 2030. Good for the environment, good for jobs and shows they are different - or are they really? We have the $$$, we just need the agenda. LearnMMT auspol
This kid’s parents need to be sued for child abuse
I’m in grneral insurance. There has been a massive increase in fire premiums across Australia. The cost is being born now.
She should sue 🌞 because sun is responsible for the most climate change in the world. She should do research what impact 🌞 has on the world’s weather and climate change. If she was talking about pollution it would be different story. If she wants a fame she can pay for it.
Still a student at 23. Says it all.
I'm going to sue the ABC for wrecking our third largest export.
She’ll lose and so she should. Idiot attention seeking immature little white liberal from Melbourne.
😛🍿
I recommend she immediately fly to China to launch legal action against the Chinese government. See how that works out for her.
Yes, and every law firm in the country is going to be running to hire a troublemaker in these tough times
Put her in jail.
This suit will amount to absolutely nothing, it has absolutely no chance of doing anything. Shes either delusional or out for publicity. The ABC should include those facts in their story. What next, can I sue the ABC for damaging bond prices they are a state owned Corporation.
Here's how it will go:
I hope she is very rich and can pay for court costs, taxpayers don’t have money and should not pay her legal bills. Maybe she should look for better investment. Nobody is forcing her to invest in Australian bonds.
As a law student she should spend as much time as possible in a Federal Court, as she will gain first hand her chances of success. Their Honours being a mixed bunch of beliefs, views and judgements. Who is paying her court fees?
I stopped reading at “23 year old student from Melbourne”
Lmao
The ultra globalists of Wall Street attacking again and Fake News ABC Australia helping. The Australian people voted against ClimateFraud on the 18/5/19. Solar cells - Wind Farms never generate back the energy required to manufacture and install them auspol
This will either be thrown out as frivolous or be tied up in proceedings for so long it’ll stall. Is it a publicity stunt? I can’t believe she thinks she’ll win.
She should not invest in bonds if she is not happy. Danger of fire in Australia can be minimized only if we reforest all gum trees because gum trees are better known as fire 🔥 starters. She should invest in renewable energy like what all the country in the world are doing except
Another meme me
And pell walks
World first aka no one else has been that fucking stupid. Until now.
Fuck we’ve bred a society of morons.
I suggest we sue her parents for negligence and failure to disclose the climate impact of her existence. Here is one law student you would never employ... well done ABC for wasting tax payer dollars by bring this to our attention.
Is that Greta version II?
Katta is short for Karen...
Look at me i am going to university! 😂😂😂
political_alert Here’s hoping she realises the financial risks of losing !
🤪
remind me never to have you as a lawyer
how about suing over covid and its financial risk - makes about as much sense
she looks like a dopey fvckwit so no surprises here
I'm going to sue the governments of the world for allowing the world's population to exceed more than 7 billion.
Do it.
It would interesting to find out who is paying her legal fees.
Will the disclosure of government bond climate change risks highlight the importance of energy exports?
Lol, this is going to end well...
Oh gees , I hope she is strong enough to handle all the vitriol that’ll get sent her way from the likes of Bole , Jones and other assorted nut jobs
Is this person receiving a benefit from the current crisis? The federal government had to issue bonds in order to pay for it!
Victimhood is their currency.
ah hahahaahaaa lol
Just what we need - another grand stander. Investors should do their own research and anyone in the past 10 years who claims they not are of the claimed risks of climate change on their investments is either an idiot or an attention seeker - or both.
Good on them!
Well done. I hope you win. We all hope you win. Especially my children and my children’s children !
How can the government provide advice when nobody knows for sure what the climate will be like. What if China , USA and India go 100% coal from tomorrow? This would have a vastly different to if they went 100% renewable. There are too many variables
She can also sue her parents for having children which is the prime cause of excess carbon dioxide emissions .
🤦♂️
Always money.
Gov should definitely be upfront & honest about what exactly is in those pollution cocktails that they are allowing our skies to be sprayed with, regardless how pretty it looks.
She needs to have a baby she is going crazy
As a life long Australian taxpayer I hereby give the Australian Government full approval to bankrupt this brainwashed far left activist through the court system.
Pathetic.
I support this.
Bahahahahaha, better off trying to sue the sun, precious, that's what drives our climate