The moral compass that would otherwise support a pain-free demographic transition and accompanying ecological renaissance appears all but non-existent, even amid the greenest of conversations and investor appetites.
Putting aside for a moment the moral and security dimensions of this matter, I use the term "material" with regard to these non-financial concerns because of the advent of South African apartheid-type divestment campaigns and the prospect of economic sanctions against proliferators or other offenders which could impact adversely on the value of foreign equity and debt holdings (e.g. the Talisman case).