How fast can we burn millions of dollars trying to stuff a perfectly good fertilizer down a sinkhole? This fast…
Carbon capture must rank as one of the most flagrantly ridiculous ways to spend money (even more pointless than desal). To capture and bury the CO2 of a coal fired plant we have to spend around 60% more to build every new power station and then throw away 40% the electricity it makes. (See TonyfromOz’s calculations in the link below).
Sputnik News reports on the second collapse of UK funding for Carbon Capture:
The UK Government has wasted US$123 million on a competition to develop technology that will capture carbon emissions. The project was cancelled according to a report, after the Energy Department failed to agree the long-term costs of the competition with the Treasury.
Concerns over the price to consumers led to the competitions demise, according to the National Audit Office (NAO).
The report, which was produced by the NAO, warned that it was “currently inconceivable” that the CCS projects would be developed with government support, and that the competition costs did not achieve value for money.
This is not the first time a competition run by the government to kick-start CCS has been cancelled. In 2011, the government having spent [...]
(More at the Daily Mail)
UPDATE: Full GWPF report (PDF) A bargain at half the price
The geniuses in the UK government decided to take £10,800 from every UK household to cool the world by a figure which, rounded to the nearest tenth of a degree, is 0.0 degrees C a century from now.
The Daily Mail:
Hot air: Bombshell report shows green levies backed by government will cost the economy £319bn by 2030 The radical shift to green, renewable energy will have cost £319bn by 2030 The huge sum is three times the annual NHS budget for England The policy will be adding an average burden of £584 a year to every household by 2020 and £875 by 2030 Shocking report takes its calculations from official figures issued by government
The real cost to poorer families paying vastly higher electricity bills might be measured in terms of people choosing second best health options, putting off treatments, foregone holidays, going cold, and for some on the brink, perhaps divorce or worse. (It’s hard to imagine how forcing people to do £10k of pointless work will improve mental health stats). If the UK government came knocking at doors asking for [...]
Don’t underestimate the Brexit effect. The landscape is shifting.
The Paris agreement just became less likely. The UK Dept of the environment will submerge, and Boris Johnson, the outspoken skeptic and Brexit figurehead, has been promoted to foreign minister.
James Delingpole says: Britain’s New Prime Minister Drives A Stake Through The Heart Of The Green Vampire
Britain no longer has“the greenest government ever.” This is good news. Very good news. The agonised screeching of all the usual suspects in the Environmental movement will be enough to sustain many of us in lols for weeks and months to come.
Five years ago, could we imagine an “infamous climate denier” like Boris rewarded in any Western Government? There were closet skeptics in the cabinet, but that’s not the same. In Australia, Tony Abbott once said climate change was “crap” and somehow still managed to become PM, but once he was, his official line was the permitted global warming story. ( He pandered, but in the most sensible possible way. And because he did not flagrantly add to the climate slush fund they still called him a “denier” but he rarely said anything openly skeptical.).
To have Boris in such an [...]
The fifth biggest economy in the world suddenly frees itself from worlds biggest bureaucratic basket case, and everyone else is knocking at the door?.
Daily Mail: Countries are lining up to enter trade talks with Britain in the wake of the decision to leave the European Union, it was claimed last night.
American politicians are clamouring for an agreement, while talks could soon begin with Australia, South Korea and India.
Otherwise, Brexit is a disaster. Indeed it is so unthinkable, half the pundits are still thinking up reasons why it might not happen. Today uncertainty is what Tony Blair wants, and for as long as possible — “Let’s keep the options open” he says, as he thinks up a list of excuses to ignore a Yes:No vote, like an opinion poll. “People can change their minds” he points out. And they do, which is why we elect governments then throw them out two weeks later when their polls fall below 50%.
On the Twelth Day of Brexit the excuses are hitting the Orwellian-Turbo-Booster: If Britain leaves the EU it will lose sovereign control says some guy in Ireland. Black is white. Up is down. And [...]
For five days headlines have told us the markets are being “Pounded”, with “Turmoil”, like a “Wild Ride” with “bloodletting“. I thought I’d graph the horror of the last week on the FTSE100, DAX, the CAC40 and the Euronext. Naturally big-government fans in the media have no interest in overselling the disaster that is Brexit.
Spot the crisis?
The last five years of the FTSE 100. See the carnage of the last week:
5 Year FTSE graph TradingEconomics.com
More shocking routs on the continent. Here’s the last twelve months of the EURONEXT:
EU fans are rightly fearing the unravelling of their empire, built on decades of sneaky, undemocratic bureaucratic creep. The French, Austrians, Finns, Dutch and Germans want a vote on the EU.
All over the establishment media, the derogatory narrative is that “Little Brits” are scared of the outside world, and are xenophobic, racists, too afraid to engage with the rest of the world. So let’s look at how inward-looking and timid the Brits were in times before the EU modern wisdom.
Here’s the British Empire circa 1920:
The Sun never set on the British Empire
Map adapted from Wikipedia
Get into the spirit Rule Brittania! Want more?
“Little Britain” ran the largest empire the world has ever known — spreading democracy, justice, and one language across a broader array of races and places than any other nation. (And the real Anglosphere includes The United States of America.)
The Brits are the bigots who outlawed slavery, widow-burning and fostered democracy in India.
It’s not surprising that the Brits are leading the way out of the false anti-democratic empire known as the European Union.
The fight has just begun
Based on past form, we know that [...]
Both sides of Brexit were shocked — the Remainers because they have never met a Brexiteer nor bothered to read their arguments. And The Brexiters were a bit shocked too — amazed that despite the big-media bias, puffed up economic scare and the blanket of institutional warnings, the public can still fight off big-gov with their votes in a bloodless coup. It’s a rare win.
Who wants to be tied to an economic basketcase?
Under the media shock and warnings of the recession coming almost no one mentioned “Switzerland”, or “Norway“. Here’s the GDP growth graph from the World Bank showing just how well the EU fares compared to the non-EU countries of Australia, New Zealand, Canada, The US, Switzerland and Norway. Note the success of the EU red line which in nearly every year is outdone by nearly everyone else. The economic disaster that the UK faces is better GDP growth.
EU GDP Growth 2008 – 2015, World Bank, compared to non-EU nations, Switzerland, NZ, US
The reasons to leave the EU were so compelling the amazing thing is that 48% of the public still voted to stay. Chalk that “success” up to the media, and on an [...]
Best wishes to our UK friends on this important day. UPDATE: Polls shut at 10pm on Thursday UK time (7am Friday AEST). Final Tally: “breakfast time” Friday in the UK ( which is 4- 6pm on the East Coast of Australia).
“… it’s the last chance most of us are ever going to get in our lifetime to vote for an outcome which is genuinely in the interest of us the people – the demos – rather than that of the increasingly powerful, ever-more-deeply-entrenched elite.”
– James Delingpole
The British Isles Invented Freedom
“… the people of what is now called Great Britain created something entirely different from the closed and centralized regimes that have been the norm in most of human history. They produced a society where rulers were subject to the law and the law belonged to the people, where collective will did not trump individual right, and where free citizens were permitted to create and keep their own wealth. These principles have transformed the world: “The miracles of the past three and a half centuries—the unprecedented improvements in democracy, in longevity, in freedom, in literacy, in calorie intake, in infant survival rates, [...]
If there is anyone out there who hasn’t seen the M.P. Daniel Hannan speech on BREXIT two weeks ago, it’s worth your 6 minutes. It’s articulate. Compelling. Why would any great nation vote to give up their right to set their own laws and negotiate their own deals?
The EU is it’s own best example of big-government grown too big. As Hannan says, the “Every continent on this planet has grown over the past decade except Antartica and the European Union.” And it is so much more than just economics, but economics is the main reason given to stay.
“It’s not just the financial price of EU membership – it’s the democratic price.
We fought a civil war in this country to establish the principle that laws should not be passed nor taxes raised except by our own elected representatives. And now supreme power is held by people who tend to owe their positions to having just lost elections: Peter Mandelson, Neil Kinnock and what have you.
No one is talking about drawbridges or isolation. Nowhere else in the world do countries apologise for wanting to live under their own laws. New [...]
A few weeks ago UK Minister Amber Rudd cut subsidies to solar in the UK. I thought the UK government might be showing some signs of making sense, but now it appears Rudd was saving up for a UN gift:
The UK is increasing the money for climate activities in the development pot by at least 50%, to a further £5.8 billion of funding from April 2016 to March 2021, including at least £1.76bn in 2020. The UK is a leader on climate finance – we are the only G7 nation to meet the 0.7% aid commitment and the only one to enshrine it in legislation.
The UK is a leader on climate finance – we are the only G7 nation to meet the 0.7% aid commitment and the only one to enshrine it in legislation.The UK is a leader on climate finance – we are the only G7 nation to meet the 0.7% aid commitment and the only one to enshrine it in legislation.
Luckily it doesn’t cost money to fix the weather, it makes money.
To ensure a more secure and prosperous future for us all, the UK is playing its part [...]
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