
I refer to the dramatic headline for the report ("CLP, HK Electric could be innocent victims of Norwegian fund sell-off", June 7) on a decision by the Norwegian parliament to require its national wealth fund to divest itself of holdings in coal-energy businesses.
I do not see anything in the article which indicated that CLP or HK Electric are in any way "innocent victims" - they burn lots of coal and apparently want to burn even more in the future. In this they are abetted by our government through a scheme of control which seems to encourage security of capacity above efficiency, let alone a reduction in pollution. Currently, if there is an "innocent victim", it appears to be the Hong Kong population.
The Norwegian parliament based its decision on a principled stand against further global warming, however you do not need to be a global warming warrior to applaud their move.
There is a more immediate argument for funds to divest from our old-fashioned power utilities - to encourage the reduction of local pollution.
Such a move might encourage our power suppliers to pro-actively propose changes, such as: remove the discounts for the biggest consumers; provide a feed-in tariff to encourage private solar panels; introduce peak-load shedding via the internet, and encourage energy saving air-conditioning and lighting upgrades.
Who knows, one day CLP and HK Electric could even be looked upon in a more favourable light.