The wall of money is enormous, and the media oblivious to the real flow from taxpayers to corporate welfare freeloaders.
The wall of money, part 23
Citigroup promised to spend, invest and loan $50 billion in 2007 and found it so easy, it managed to do it by 2013, three years ahead of schedule. This month it promised to send another $100 billion more towards “sustainability”.
How much of this is about being a green corporate citizen? Not much apparently. Citigroup are making the Citigroup buildings energy efficient, but what they didn’t say was whether they would stop investing in or taking money and profits from their fossil fuel customers. As it happens Citigroup might Big-Green, but they are also Big-Ungreen too, they were one of “the top providers of funding for the most damaging practices of the U.S. coal industry last year. “ Not that any journalist mentioned that when they repeated the press release.
The banks can sniff out a good subsidy — it’s money for jam, and they are happy to feed the machine that feeds them.
Easy money for “sustainability” will also generate thousands of scary press releases from each and every sub-project as they [...]
This is about much more than just Willie Soon. The fans of man-global warming know they can’t win a polite science debate. They know the biggest threat to the green gravy train is for competitive research, free debate, and independent funding for scientific research. The anti-science brigade want to stamp out and starve independent research. Where once companies would be lauded for their philanthropy, now they are forced to hide it knowing they’ll be targeted, and no matter how good the research work and publications are the results won’t even be discussed if smear-fans can talk about “funding” instead.
Welcome to the dark world of manufactured petty smear campaigns against scientists.
Where was the outrage when a lead author of an IPCC report was paid by Greenpeace? Do the puritans of science funding care when GE lobbies for renewables subsidies, or owns parts of media outlets? GE makes $21 billion a year on “Clean Energy”.
What we need is a science debate, but if “science writers” want to talk money, I say Yes Please. Lets talk about the wall of money distorting science from monopolistic government funding. This one vested interest is running at almost 100% purity in climate science. [...]
David Rose at the Daily Mail has been following a network of money. The big machine funding climate activism is Climate Works, which was kicked off with a half billion from a Hewlett Foundation in 2008 (as in Hewlett-Packard). Other donations are in the order of $60 - $100 million, any one of them vastly larger by orders of magnitude than budgets that skeptical groups operate on (if they have a budget at all).
It takes a lot of money to keep a false idea alive. This is just another Wall of Money. Yet despite that, skeptics are winning battles, unwinding schemes, shrinking the Green gravy trains, and spreading the word. It’s amazing what a small group of volunteers and barely funded skeptics can achieve with only their wits and truth on their side. (Thank you to the readers who help us, it makes a big difference.)
ClimateWorks feeds money to the whole gamut of groups like Greenpeace, WWF, and the usual suspects, and it partners with the European Climate Foundation, and in the US, the Energy Foundation. There are Chinese and Indian branches and an Australian Climate Works as well (but it’s not clear how or if the latter [...]
Some extraordinary statements from Owen Paterson, the man who was the UK Environment Secretary until a week ago. This is baking hot. Paterson also draws attention to the way big-goverment has fed big-government lobbyists 150 million euros since 2007. Can we get this man to Australia? — Jo
I’m proud of standing up to the green lobby
The Telegraph UK I leave the post with great misgivings about the power and irresponsibility of – to coin a phrase – the Green Blob.
By this I mean the mutually supportive network of environmental pressure groups, renewable energy companies and some public officials who keep each other well supplied with lavish funds, scare stories and green tape. This tangled triangle of unelected busybodies claims to have the interests of the planet and the countryside at heart, but it is increasingly clear that it is focusing on the wrong issues and doing real harm while profiting handsomely.
Local conservationists on the ground do wonderful work to protect and improve wild landscapes, as do farmers, rural businesses and ordinary people. They are a world away from the highly paid globe-trotters of the Green Blob who besieged me with [...]
Finally, some coverage of the massive amount of money pumping the Big-Green agenda. What is really so remarkable about this is that skeptics are winning, despite the fact that the greens have almost all the institutional, academic, government, and big-media support, and far, far more money. All we have is truth and wits.
The Washington Examiner
Mainstream media don’t know Big Green has deeper pockets than Big Oil
Mainstream reporters appear not to be aware of the component parts that comprise Big Green: environmentalist membership groups, nonprofit law firms, nonprofit real estate trusts (The Nature Conservancy alone holds $6 billion in assets), wealthy foundations giving prescriptive grants, and agenda-making cartels such as the 200-plus member Environmental Grantmakers Association. They each play a major socio-political role.
Seeing Big-Green funding means taking a broader view of the money trail:
Invisible fact: the environmental movement is a mature, highly developed network with top leadership stewarding a vast institutional memory, a fiercely loyal cadre of competent social and political operatives, and millions of high-demographic members ready to be mobilized as needed.
That membership base is a built-in free public relations machine responsive [...]
Look out, Australia might trim a tiny slice from the Tithe to the Gods of Weather (protest coming)
The Australian budget is in dire straits after the Rudd-Gillard years of promised surpluses but exploding arithmetic. The Commission of Audit is here to test public reaction to all the possible ways of paying off the Labor debt. Somehow, it missed the biggest cherry waiting to be plucked. We could save billions if the the Abbott Government become more rigorously scientific. Abbott should cut funding to any scientists who are using models that don’t work, and only fund ones that do.
“Abbott should cut funding to any scientists who are using models that don’t work, and only fund ones that do.”
I expect the Greens will join me in declaring that if the Abbott government cared about the environment it would immediately launch a royal commission, a real audit, or an independent investigation into the effect of carbon dioxide. Only the best science for the planet, right? All funding to environmental programs dependent on unverified research should be frozen until the audit is finished. Easy eh? Let me be PM for a day. :- )
But apparently the sacred carbon cow must not [...]
I say, it’s lucky people who want to save the planet do it for the love of it:
National Post: The Kyoto Protocol’s Clean Development Mechanism (CDM) has helped funnel almost $400-billion into emission-cutting projects in developing countries by allowing investors to earn carbon credits they can sell to companies and governments of richer nations that use them to meet emission targets.
I imagine they love $400 billion too.
This was just one branch of the great green-industrial-machine. (And yet skeptics are winning, she says wickedly, with hardly any money).
But those halcyon days are gone for the CDM — what was $30 per ton, is now 30c.
From 2003, developers flocked to register projects such as destroying heat-trapping waste gasses at Chinese chemical plants or installing hydroelectric power stations in Brazil, and made huge profits by selling the resulting carbon credits for up to $30.40 a tonne in 2008.
But interest has waned while countries wrangled over setting new emission goals under the United Nation’s Framework Convention on Climate Change (UNFCCC), hammering credit prices down to unprofitable levels below $0.30.
There’s a tiny $200 million or so left ticking over in the accounts:
The latest UN financial statements show [...]
Another cycle of the Climate Change Scare Machine is laid bare. David Rose explains how those lobbying and advising the government on green policies are benefiting from green projects. It’s all in the Daily Mail. The Green Industrial Complex has simply bought everyone off, and, cleverly, done it with your money.
It’s the new business model really. Why work for customers and compete in the free market? Instead scare the public, sell them the “answer”, and to make sure they pay, convince the government that you need grants and gravy (or you’ll call them names). Pretty soon, the government forces the public to pay, disguises and splits the payments into a thousand parts, and tells the people it is for their own good. The fun ramps up when the government hires you back to advise it on how to keep the gravy flowing to you.
What is really mindboggling is that it’s so blatant. Many of these connections “exposed” by Rose are listed on the CCC website, the conflicts are obvious. Why it wasn’t exposed years ago? As I keep saying, the problem is not so much that there are people on the take (there always will be) the real [...]
More good news.
The CDM is one of the only truly global carbon markets. It’s been the main mechanism for “mitigation” in developing countries, (China says “thank you”). Born with the Kyoto agreement, it was in a sick state last year and was even said to have collapsed. Now however it’s reached a state of “coma”.
Each CDM was worth 20 euros in 2008. Now they are selling for 50c.
Reuters: Investment under the U.N.’s $315 billion Clean Development Mechanism (CDM) has ground to a halt as the value of the credits they generate has plunged 95 percent in five years to around 0.30 euros, crushing profits that investors count on to set up carbon-cutting schemes in the developing world.
“As a tradable commodity, it’s in a coma and will be unless and until a 2015 agreement wakes it up,” said Jorund Buen, co-founder and partner at consultancy and project developer Differ.
A lot of things could be said about the last UNFCCC meeting in Warsaw. Here’s the one that matters:
“…no major nation offered to set or deepen emission targets, while Japan scaled down its 2020 goal.”
The language of death:
“…almost 200 nations “expressed concern” over the state [...]
It’s just another day tracking the decline of the global warming meme.
Things were so pear-shaped for global carbon trading markets in 2012 that the World Bank canceled its annual State of the Carbon Market report. But how bad were they? In their last report in 2012 the grand global total was $176b USD for the 2011 year. Since the World Bank figure are not publishing their tally any more, I’ve switched to the Reuters Point Carbon figures instead, which are issued in Euro.
Rather devastatingly, despite the fact the FTSE grew 6% in 2012 and Euro Stoxx grew by 13% in 2012, the global carbon market (which is mostly an EU market) fell by a whopping 36% in 2012. Money printing is running rife and new money is pouring into asset markets worldwide, yet globally the money is running from invisible, rortable, pointless carbon certificates. We are past the peak, and over the hill. This parrot is almost dead.
Back in the heady days of 2008 the growth was described as “explosive” and it was predicted it would grow to $1.2 trillion by 2020 (about 880 billion €) .
These figures are different to previous USD ones, [...]
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