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Speaker 1: The Huddle with New Zealand Southby's International Realty find your

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Speaker 1: one of a kind.

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Speaker 2: On this evening we have Jordan Williams of the Taxpayers

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Speaker 2: Union and Jack Came, the host of Q and A

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Speaker 2: and Saturday Mornings here on News Talks'd be hire you too, Jack,

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Speaker 2: Go on, Jordan, you're.

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Speaker 3: Just nonsense mindful investment? What the guy's nonsense? One? Wasn't

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Speaker 3: he the idea that, you know, with a million dollars

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Speaker 3: for turners to have to disclose this information? We're well,

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Speaker 3: we're gonna get It's gonna get so.

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Speaker 2: John with us, said Joan Withers said in the midway

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Speaker 2: through this year. She said they were spending more time

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Speaker 2: on the climate disclosures than they were on their financial accounts.

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Speaker 3: If this guy Barry was half right, we would have

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Speaker 3: seen an impact on the price of the INSIDEX if

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Speaker 3: investors were so desperate for this information. It is just

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Speaker 3: it really annoys me, these hardcore activists that try to sound, oh,

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Speaker 3: you know, we're all about the markets. Bollocks. Yeah, totally

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Speaker 3: total bollocks.

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Speaker 4: Jack, Wow, I will more convinced by Barry than Jordan was. Well,

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Speaker 4: if you were to considered that the first of all,

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Speaker 4: a million dollars way too much for a company like Turners.

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Speaker 4: We all agree on that. Right. Second, of all, the

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Speaker 4: initials regular thank you Jack, in establishing the frameworks, the

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Speaker 4: initial investments in establishing the frameworks and the procedures by

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Speaker 4: which you make these disclosures has been made by these companies. Now,

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Speaker 4: if the concern of the government, as they've said today,

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Speaker 4: is that the regulatory burden is too great and these

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Speaker 4: companies aren't as profitable as they should be, well I

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Speaker 4: would have thought at the very least it would be

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Speaker 4: worth trying to quantify our much New Zealand listed companies

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Speaker 4: are undercapitalized as a result of not having these kind

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Speaker 4: of disclosures which could affect investing decisions.

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Speaker 3: And it done it today a result of this. And

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Speaker 3: also they actually are affected into the accounts because we

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Speaker 3: have a comprehensive emission trade trading scheme. All of the

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Speaker 3: companies are already paying for their emissions.

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Speaker 4: But it's not just about emissions though, it's about climate risk,

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Speaker 4: right Like, so, if climate events are likely to disrupt

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Speaker 4: your profits going forward, if there's some sort of natural

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Speaker 4: event that affects you, that that I mean, that's not

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Speaker 4: covered in the day.

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Speaker 3: Has it disclosed material risks anyway? That I mean Turners

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Speaker 3: is a great example, like the auction cars. What is

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Speaker 3: is not going to get too hot for cars? I

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Speaker 3: get that for an energy company with which this will

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Speaker 3: be disclosed anyway, because if it's a material financial risk,

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Speaker 3: this is just disclosures for the sake of disclosures. Because

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Speaker 3: for an ideological ram rate.

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Speaker 4: Yeah, I think having having not yet seen the having

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Speaker 4: having not yet seen the evidential basis for changing the threshold.

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Speaker 4: You know, I can't comment too much on the government's

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Speaker 4: justification for it, but at the very least, if I

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Speaker 4: were an institutional investor, I would want to be able

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Speaker 4: to properly quantify all the rest and a better way

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Speaker 4: of doing it. I think there's a better way of doing.

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Speaker 2: What I'm seeing here, Jordan is that there is an increase,

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Speaker 2: there is an increased intolerance of climate nonsense like this,

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Speaker 2: what's going on in the world? Why why have we

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Speaker 2: got these the nets era banking alliance blowing up the

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Speaker 2: insurance version.

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Speaker 3: We have a generation of bs from politicians saying, oh,

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Speaker 3: look we're going to get green jobs. You know, we're

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Speaker 3: going to We're going to ban oil and gas and

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Speaker 3: be richer and consumers can see straight through it that

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Speaker 3: we're paying that energy prices have gone up one hundred

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Speaker 3: and fifty percent. I actually would put to you it's

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Speaker 3: a real risk for Hopkins next year because they will

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Speaker 3: be that National Party will be hoping that they go

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Speaker 3: and continue to ban that oil and gas, and all

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Speaker 3: they have to do is remind New Zealanders can you

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Speaker 3: afford them again?

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Speaker 5: Yeah?

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Speaker 3: And the last time they didn't rely on the greens,

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Speaker 3: you know, they banned We can say, well, you know,

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Speaker 3: it's a bright future.

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Speaker 5: Don't worry.

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Speaker 3: We're gonna it's going to be solar and winded. You

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Speaker 3: know what, We're going to create green jobs. The Emperor

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Speaker 3: has no clothes, totally have realized that.

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Speaker 2: Okay, but I want your take on this, Jack. So

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Speaker 2: is it now that the emperor has no clothes and

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Speaker 2: we can see through the screenwashing nonsense and all the

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Speaker 2: other just that the absolute bollocks of the whole thing.

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Speaker 2: Or do you think it is simply that the world

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Speaker 2: has shifted slightly, right, there's an intolerance for it. As

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Speaker 2: soon as the world shifts left again, it's back.

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Speaker 4: I mean, my general sense with politics and culture is

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Speaker 4: that there is a bit of a pendulum of sorts,

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Speaker 4: so things teen to swing back and forth and then

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Speaker 4: and generally settle in the middle somewhere over time. So

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Speaker 4: I think that's probably component. I mean, it's interesting that

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Speaker 4: we're having this conversation. As you know, ten minutes ago,

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Speaker 4: I was looking on my screen of a person literally

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Speaker 4: being blown into the into busy traffic and Welbington crazy

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Speaker 4: crazy weather.

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Speaker 2: That happened to my dad in the seventies.

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Speaker 4: We yeah, well, the frequency, the frequency with which we

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Speaker 4: see extreme weather events is obviously increasing. It's curious that

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Speaker 4: we should have this conversation.

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Speaker 3: From extreme weather events than ever like this is the negativity.

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Speaker 4: That's That's not the question though, is the frequency of

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Speaker 4: extreme weather events increasing. What's what's happening to migrant flows

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Speaker 4: from or what they're being driven because last I checked,

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Speaker 4: Europe is being overrun by migrants, many of whom are

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Speaker 4: being pushed out by a warmer.

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Speaker 3: In Europe.

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Speaker 4: Climate Europe absolutely, absolutely, the two things a link. If

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Speaker 4: you think Europe faces a challenge now with some of

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Speaker 4: the authoritary in leadership, try again in fifty years when

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Speaker 4: you have millions more people coming from one of the

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Speaker 4: most densely populated parts of the world desperately trying to

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Speaker 4: find themselves in the cooler climates so they can actually

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Speaker 4: have prosperity in them more people do not.

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Speaker 2: We're going to stop then or not because I am

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Speaker 2: not fascinated by it. I am, but there's heaps more

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Speaker 2: than we have to talk about, and we're run out

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Speaker 2: of times.

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Speaker 5: That's what we started.

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Speaker 2: We'll come back and just to take.

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Speaker 1: The huddle with New Zealand Southeby's International Realty, the global

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Speaker 1: leader in luxury real estate.

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Speaker 2: You're back with the huddle. We've got Jack taym and

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Speaker 2: Jordan Williams. Jack, are you surprised by that support for

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Speaker 2: the mega strike?

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Speaker 4: I am, actually a little bit. I think the unions

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Speaker 4: are walking a fine line here personally, and this is

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Speaker 4: based only on kind of vibes at the moment, and

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Speaker 4: that I just think so many people across the private

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Speaker 4: sector are going to say, and the public sector are

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Speaker 4: going to say, you know what, I haven't seen a

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Speaker 4: massive improvement of my wages in the last couple of years.

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Speaker 4: My pay rises have all been behind inflation. You know,

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Speaker 4: my conditions haven't materially improved. And the fact that I

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Speaker 4: now have my children out of school for a day

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Speaker 4: is really frustrating, and if the fact that my operation

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Speaker 4: has been delayed yet again is really frustrating. So while okay,

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Speaker 4: maybe they enjoy the majority public support for tomorrow, like

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Speaker 4: I say, I think it's I think it's a delegate game,

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Speaker 4: and I think the government feels much the same as

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Speaker 4: evidence by Judith Collins, Open Leader and comments from Simmy

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Speaker 4: and Brown and them.

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Speaker 2: Yeah, what do you think, Jordan?

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Speaker 3: I agree with Jack, I mean, yeah, but bang on,

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Speaker 3: I almost want to know. I'm going to do it

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Speaker 3: in a shout out, like my little girl's primary school

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Speaker 3: is not closing tomorrow, and a lot of our friends

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Speaker 3: kids don't have school. And I'm so appreciative, although I

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Speaker 3: do your producer was telling me that the weather is

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Speaker 3: seeing all the actual turnouts.

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Speaker 2: Yeah, they're doing the rallies.

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Speaker 3: The sleeping in the long weekend, doesn't it. But I

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Speaker 3: can I can tell you exclusively that despite PSA education,

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Speaker 3: INSI education, it's PPT a celery medical speech. With all

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Speaker 3: these unions that very unfortunately, the textposer Union is not

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Speaker 3: on strike.

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Speaker 4: Do you know what?

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Speaker 2: Can I tell you?

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Speaker 5: Though?

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Speaker 2: When you guys first set up, we have family members

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Speaker 2: who are very very left, and one of them was

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Speaker 2: so angry at you guys for taking the union label

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Speaker 2: like it was visceral.

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Speaker 3: How angry there was the Farmer's Union in the UK.

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Speaker 3: I mean I also found at the Free Speech it

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Speaker 3: is an actually to speak.

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Speaker 2: About the Free Speech Union in a minute. Thanks for

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Speaker 2: reminding me, Jack. How do you cook a sausage? Best way?

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Speaker 4: Barbecue? No doubt. I think if you're cooking it enjoy,

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Speaker 4: you're in trouble.

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Speaker 3: Jack, Or are you a proper charcoal?

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Speaker 4: I'm a gas barbecue man, although it depends if I've

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Speaker 4: got the Persian. If I've got the Persian and laws

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Speaker 4: around there, we are a charcoal. We have it, and

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Speaker 4: we have we go one step further there you go,

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Speaker 4: we go charcoal. Sometimes the Persian and laws are around there,

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Speaker 4: you go. That's the way to that is.

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Speaker 5: That's what do you reckon? Jordan?

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Speaker 2: How do you cook your snacks?

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Speaker 5: Uh?

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Speaker 3: Well, I've had this issue course quite the debate in

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Speaker 3: my office because there's a few Brits and they insist

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Speaker 3: that the pork what you've been through into British sausages

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Speaker 3: is not correct because they insist that actually in Britain

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Speaker 3: it's more around pork sausages, whereas we default to the beef.

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Speaker 5: And so they argue that you need sauce. And that

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Speaker 5: led into the bat because tomato sauce. As you know,

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Speaker 5: the half is I'm extremely lucky, except because these these people,

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Speaker 5: they walk among us. She has ketchup instead of tomato sauce.

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Speaker 3: I find what difference.

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Speaker 2: I thought it was just the Americans called a ketchup, and.

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Speaker 3: We know it is significantly different. The best is what

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Speaker 3: what what you get in Berlin with the carry verse

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Speaker 3: and that delicious sort of mail and weird you know

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Speaker 3: what it is, which is so.

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Speaker 5: Happy right now?

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Speaker 2: Look at her face, Hey, thank you very much. Okay, well,

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Speaker 2: so now we're going to find now we've got an

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Speaker 2: issue with the tomato sauce and the ketchup. That was

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Speaker 2: Jordan Williams and Jack Tammer huddle this evening.

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Speaker 1: For more from Heather Duplessy Allen Drive, listen live to

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