You are invited to our FILM SCREENING: Tuesday October 13th, Perth: ‘Banking Nature’, the much anticipated doco comes to Perth as part of Ethical Investment Week 2015. Come along and bring a friend!
RSVP: http://bankingnatureperth.eventbrite.com.au
Having just screened to packed audiences at the Byron Bay International Film Festival and Environmental Film Festival Australia….
Protecting our planet has become big business with companies promoting new environmental markets. This involves species banking, where investors buy up vast swathes of land, full of endangered species, to enable them to sell ‘nature credits’. Companies whose actions destroy the environment are now obliged to buy these credits and new financial centres have sprung up, specializing in this trade.
Many respected economists believe that the best way to protect nature is to put a price on it. But others fear that this market in nature could lead to companies having a financial interest in a species’ extinction. There are also concerns that – like the subprime mortgage crisis of 2008 – the market in nature credits is bound to crash. And there are wider issues at stake. What guarantees do we have that our natural inheritance will be protected? And should our ecological heritage be for sale?
“We use nature because she’s valuable, but we lose nature because she’s free.”
Pavan Sukhdev, CEO of GIST Advisory (former Managing Director at Deutsche Bank).
“A licence to kill nature.”
Pablo Solon, Executive Director of Focus on the Global South (former Ambassador of Bolivia to the United Nations).
“If we invest money in protecting nature, we’ll earn very, very high financial returns.”
Mark Tercek, CEO of The Nature Conservancy (former investment banker at Goldman Sachs).
This screening is an Ethical Investment Week event. It is the latest in our series of film screenings which draw attention to important sustainability and ethical issues.
Organised by the WA chapter of The Ethical Adviser’s Co-op and supported by Australian Ethical Investment, this is a free screening with gold coin donations collected for the Conservation Council of WA.
More details about Ethical Investment Week
