Transcript from Lateline last night - interview with David Murray, Chairman of the Future Fund:
ALI MOORE: Just a final question. This week starts the mark of a UN - or the UN, I should say, climate change talks in Durban. Would you describe yourself as a climate sceptic?
DAVID MURRAY: Ah, yes. A sceptic is not the word you should use when you disagree with somebody. You should say you disagree. And I don't think there is sufficient evidence to take the sort of risks that are being taken around the world. I've always thought that with the global population growing as fast as it is, that there would be real pressure on energy prices and people would correct automatically by using energy much more sparingly and that would start to self-correct - if there's a problem.
ALI MOORE: So you don't rule out there being a problem; you're just not convinced there's a problem.
DAVID MURRAY: No, but with these things one looks at probability and severity. And you look for actions you can take which would reduce the severity if the problem is there. But if we're not certain that the problem's there, then we don't - we shouldn't take actions which have a high severity the other way.
My bolding.