Bankers plot ways to get paid carbon credits for emissions they might have emitted, but didn’t

 

https://www.bloomberg.com/news/articles/2024-12-03/bankers-to-start-including-counterfactuals-in-carbon-accounting

By Jo Nova

What other industry gets paid for what they could have done, but didn’t?

The carbon market is the perfect scam-quasi-tax currency for our banker overlords. They were always trading reductions in an invisible gas, now they’re trading reductions from an imaginary increase that may never have occurred.

Carbon credits were always atmospheric nullities that “might theoretically change the weather”. Now they’re even less real…

It’s a nice gig if you can get it. This elastic game can expand to cover as much of the economy as feasible. The bankers payout is limited only by how much they can squeeze out of their political vassals. Homeowners will not get a “carbon credit” for turning a heater off that they might have left on, or for not-buying a second-hand Dodge Challenger Hellcat. This is a game only the uber rich money-changers can play. The Blob has effectively set up a secondary fiat currency in the world that has a Byzantine web of rules that they control but has no physical products for delivery.

As Steve Milloy says — Coming soon: Unending bank climate fraud Bankers Find Way to Claim Credit for Avoided Emissions By Frances […]

Renewables Star state “urgently” wants to force two diesel plants back to stop blackouts

By Jo Nova

Going Green with Diesel

Back in February, South Australia was the Renewables Wonderland basking in the thrill of driving two diesel plants out of business. The remarkable transition had claimed two new fossil fuel scalps. But the farce of last week’s near blackout in Sydney must have scared the management in South Australia. Suddenly this week, the government announced it wants to change the rules and force those mothballed diesel plants back into action.

The Frankenstein economy fails (again)

The government created a monster — an artificial market that favoured random energy and drove dependable power out of business. So, not surprisingly, now they have to do emergency market surgery and spend even more money, to force Engie to reopen these uneconomic plants.

The fact that essential plants are “uneconomic” only shows what a Quasimodo market this is. If the rules favored the cheap reliable electricity (that customers want) instead of hobgoblin-electrons that change the future weather (maybe), no one would have to order Engie to restart the plants. They wouldn’t have gone out of business. Instead, a bunch of unreliable wind farms and fields of glass would never have been created. No one could afford […]

Solar power is so good the govt needs emergency powers to switch your panels off in case they crash the national grid

By Jo Nova

Shh. The Renewable Crash Test Dummy Nation is at work.

We’re still subsidizing new solar panels even as we figure out how to shut down the excess panels we already have.

The body responsible for keeping the lights on in Australia’s biggest electricity grids wants emergency powers to switch off or throttle rooftop solar in every state to help cope with the daily flood of output from millions of systems.

It turns out those negative prices for electricity at midday are there for a reason. A firehose of electricity at lunchtime isn’t always a good thing. Negative prices are not a bargain, they’re the penalty a seller has to pay to get someone to take the toxic waste away, and the price signal was saying “Don’t Add More Solar”.

The amazing thing is that an institution with fifteen years of grid management didn’t see this coming fifteen years ago. Does night follow day? Is there any industry that runs better for only four hours a day rather than for 24?

The AEMO surely knew that without a Sea-of-Galilee type miracle in battery storage, the whole nation could not run on lunchtime generators. The AEMO also […]

Bang! 11 US states sue BlackRock, StateStreet and Vanguard for working as a cartel to reduce coal and increase electricity prices

By Jo Nova

Finally, a strike at the heart of the Blob

Texas and 10 other US States have pressed the radioactive Antitrust legal button and filed against BlackRock, Vanguard and State Street. The states claim the money managers bought up large stakes in coal companies and then colluded to promote ESG and DEI (diversity, equity and inclusion) goals that reduced coal output. The decreased supply of coal, in turn increased the cost of electricity to consumers. It was fundamentally anti-competitive behaviour. These three companies together have $26 Trillion dollars of assets under management. That’s only one trillion smaller than the entire US GDP.

In this case, some of the collusion hidden in clear view. The three money managers said they were trying to save the world and to protect the people, and they joined groups like the GFANZ and Net Zero alliances like Climate Action 100+. But in the end, these three financial giants had collectively acquired close to 30% of most US Coal companies, and even though they claimed to have good intentions, the 11 State Attorney Generals argue that any extraneous claims of social benefits are irrelevant. These three companies have profited immensely […]

Pull down the blinds. We’re in a Transition to the Third World

by Jo Nova

Australia is too poor to use air-conditioning and dishwashers on a warm day

Welcome to Bananaustralia.

The Premier of NSW issued death threats about electricity bills to get attention:

“If you use electricity this afternoon, you’re going to get killed in terms of how much you pay, the amount of money (to run appliances) this afternoon will be through the roof,” he said.

The NSW Minister, Penny Sharpe told eight million people to avoid using the dishwashers and pool pumps between 3 and 8pm, close the doors and blinds, and turn the air conditioner up to a higher temperature. “Stay hydrated and avoid going outside in the hotter parts of the day where possible” she said, like she was talking to four year olds.

All around New South Wales and in Canberra people spent the day wandering around turning off lights and appliances, and rearranging their plans. Public servants were asked to pull the blinds and turn off appliances at work. The four water utilities, the dams, and water management, were also asked to help. And the Reliability and Emergency Reserve Trader (RERT) condition was instigated, which means some businesses were paid to stop […]

UN Cop delegates promise to take your money and do another junket

By Jo Nova

Just to be clear, yet again, the 29th United Nations Conference of Parties was a smashing success, 70,000 people got a free trip to Azerbaijan, millions of dollars were siphoned from taxpayers, nobody was asked any hard questions, and everyone gets to schmooze it all again next year.

In a big win, nothing at all was achieved in solving “The CrisisTM” which means The Gravy Train rides again.

Last year the UN was excited because of the “historic” move to use the phrase “transition away from fossil fuels” for the absolute, first time ever in a global document. It marked the “beginning of the end of fossil fuels” according to the UN. But one year later, and the phrase was quietly dropped. Nevermind. This time, Saudi Arabia and the petrostate allies were able to nix that promise — possibly because the world still needs their oil. Where were the honest headlines: “UN backslides from key historic transition away from fossil fuels?”

The new $300 billion “goal” replaces the last $100 billion target, which achieved almost nothing, and wasn’t reached, except with accounting games, like relabeling foreign aid and rebadging loans. Seven years after the […]

Not even summer, with one warm week, and the Australian grid is on the verge of blackouts

By Jo Nova

Following the footsteps of Cuba

It’s not even summer and the Australian grid is having heart palpitations.

The Blob are in concert — blackouts might be at hand, and they want us to blame the heat (it’s code for climate change). Let’s get a grip, we’re only talking about a Sydney forecast of 33°C (all of 91F).

The ABC calls this “sweltering” and files it under “extreme weather events”. Channel Nine call it a “major heatwave”, which it might be if it were London.

For most of the last week, the AEMO (Australia Energy Market Operator) has been flashing red lights and ringing the LOR3 bell. That means they’ve been forecasting a full Level 3 Lack of Reserve, which means they can see blackouts coming. A level 3 is the most serious warning alarm. Not only is there no reserve power available if something goes wrong, there’s not even enough power for normal operations.

A week ago the AEMO saw blackouts coming for Tuesday, Wednesday and Thursday — but by hook or by crook with finagling, they’ve got enough promised power now to turn off the sirens, though the lights are still flashing. Think of […]

Australia’s only wind tower manufacturer goes out of business

Image: Keppel Prince

By Jo Nova

More proof that wind power can’t be used to make wind turbines

The one and only Australian manufacturer of wind turbine towers is going out of business, despite Australian electricity reaching 35% glorious renewable, and the Prime Ministers big plan to have the $22 billion dollar Future Made in Australia, as well as our galloping Net Zero fantasy to reach 82% renewable by 2030. We are, in theory, supposed to install 40 new wind towers a month somewhere in Australia, but none of the towers, it turns out, will be Australian made.

Imagine what we could do if Australia were the largest exporter of iron ore and coal in the world? The government could still screw it up.

Right now, we ship the iron and coal 7,000 kilometers away with heavy fuel oil, to be made into windmills to save the world, only to ship them right back, rather than make them here.

Renewables are the cheapest source of electricity on Earth, they say, and Australia has twice as much as China (proportionately). But China makes 65% of all wind turbines globally, and soon Australia will make 0%.

OWID

[…]

One day to make submissions about the Under-16 social media ban (excuse to force Digital ID on us!)

Image by Thomas Breher from Pixabay

By Jo Nova

What looks, smells, and works like a Trojan horse to force all adults to use a digital ID?

Incredibly, we have only until today (Friday) to put in submissions on this major, world first, social media ban for under 16s. Feel the panic. It’s as if our PM is running out of time to ram through complex legislation before the Donald Trump inauguration? Perhaps he’s hoping Elon is distracted.

The Good News is The Australian Misinformation Bill appears to be dead. Congratulations! The Bad News is the Internet ID bill (posing as a ban on Under 16s using social media) has support from both major parties, even though it is wildly ambitious, vague, dangerous, and the first in the world. The government can’t answer questions on how this will be managed. Instead, the people who have screwed everything up, say “Trust us” we will work out the details later. (Thanks @Craig Kelly)

The laws, supposedly, will pass next week, but then there will be a 12 month “consultation” to work out what will be banned. Since when do we pass the laws and consult later?

Everyone knows this […]

Former CDC head says Covid virus origin was biodefense research, maybe in North Carolina

By Jo Nova

It’s just another day in an endless round of blockbuster stories that once would have occupied a news cycle and foreign affairs panels for days…

Robert Redfield in 2020

Robert Redfield, the former head of the Centres for Disease Control (CDC), now says COVID-19 was ‘intentionally engineered as a part of a biodefense program. More radically, it may well have been a US program. He thinks there is a real possibility Covid-19 originated in a lab in Chapel Hill, North Carolina.

So the virus that may have killed 20 million people, cost trillions, changed history and wreaked havoc across the world, might have grown from a US experiment. This won’t be a shock to people following this topic on blogs and on X. But to have the former head of the CDC during the pandemic talking about it, takes these claims to a whole new level.

Isn’t it time we talked about bioweapon research?

Right now around the world, some 36,000 scientists are working on bioweapons, and those are the scientists we know about. One year ago, a warehouse in California was discovered by chance to be a clandestine biolab that housed frozen samples of […]

BIG News — The Climate Blob finally goes Nuclear “to save the world”: US and UK offer nuclear secrets (and Australia says NO)

Photo by Spiritrespect.

By Jo Nova

Everything just changed. For the first time in Climate Bureaucracy, Nuclear power can save the world too.

Until today, only renewables had the Holy Sacred Power against Climate Change. But last night the UK and US signed a new agreement at COP29 to share “billions of pounds worth of nuclear research” in order to “decarbonize” the world.

They did this backflip in such a tearing rush, they didn’t even have time to phone the Prime Ministers they were offering this bonanza to. They accidentally listed all the countries they expected to sign up, only to find the Australian government is going to an election waving the anti-nuclear flag, while the opposition demons carry the pro-nuclear pennant. Oopsie indeed. The press release was reissued, but the Labor government in Australia are now trying to explain why nuclear power is great in submarines, but too expensive and slow for sites that don’t move and aren’t underwater. It’s entertaining.

Apparently, Australia has too much sunshine, and thus we’re stuck with solar power. We also have the largest uranium reserves in the world, but shh. This is like energy lessons on Sesame Street.

 

Blockbuster: Labor’s weather control “renewables plan” turns out to be half a trillion more than expected

By Jo Nova

Finally, twenty years too late, Australian leaders are talking about the galactic cost of making a spare energy grid that might, maybe, hopefully one day reduce world temperatures by one thousandth of a degree. Sadly they are still not talking about why that’s a pointless quest, why CO2 feeds the poor, warmth is good, humans emissions are irrelevant, or how science has become a turgid swamp patrolled by dead sacred cows. But it’s a start!

We got the trifecta: Our car-crash energy bills, the revolution of common sense in the US, and the appearance of our own election on the horizon have set off the Air-raid sirens to wake a sleeping nation.

It’s only half a trillion dollars

The Minister for Energy says the cost of renewables by 2050 will be $122 billion (AUD). Not convinced, the Opposition commissioned a study that estimates it’s more like $650 billion. But what’s a half a trillion dollars when you have hope, faith, and a fantasy to make storms a bit nicer? It’s a horror show. The Labor Government wants every family of four to spend something like $100,000 on their wind and solar vision over the next 25 […]

Like a bomb: Trump tells Robert F Kennedy Jr to “go wild” on the CDC, FDA, NIH, Big-Food, and Big Pharma

By Jo Nova

It’s a war on The Blob

Trump has endorsed the man they call the anti-vax conspiracy theorist, the one who wrote the book accusing Anthony Fauci of abusing his power for thirty years. (Something Fauci has not sued him for). RFK Jr has relentlessly criticized the CDC, the FDA, and the NIH for more than twenty years, while they’ve mocked him and refused to give him the data, and now he’ll be in charge of them.

This move has been telegraphed for months, and happened exactly as promised, yet shares in vaccine makers GSK, Moderna, Pfizer, and Sanofi fell three to seven percent today anyhow.

It’s a moment of master trolling. The far right extremist Donald Trump has put a Democrat environmentalist in charge of health and told him to “Go wild”.

https://www.theguardian.com/us-news/2024/nov/14/trump-administration-rfk-criticisms

Despite the so-called “controversy” of this decision, everyone seems to have forgotten that only six weeks ago the former head of the CDC, Robert Redfield, admitted that Trump and Kennedy were both right. In a blockbuster Newsweek article, the man Kennedy had criticized said:

“All three of the principal health agencies suffer from agency capture”. “A large portion of the […]

World’s largest coal user wants $1.3T from rich nations to save the climate, (or launch more rockets)

By Jo Nova

In the annual tournament for cash handouts, the UN now enables charity for space-faring nations with slaves. Somehow, the demands for climate reparations were led by the nation burning more coal than the rest of the world combined, and no one laughed, or wondered whether they should mention it.

… a group of 77 ­developing countries, led by China, called for $US1.3 trillion a year in new, ­additional, adequate and affordable finance to address mitigation, adaptation and loss and damage.

–-Graham Lloyd, The Australian

It’s almost as if the CCP invented the UN definition of “developing” as an industrial weapon.

….OWID

 

Like most developing nations, two weeks ago China launched a manned spacecraft with propellants made from natural gas, and coal because it could not afford to use solar panels and windmills.

Oct 30: China puts astronauts in space aboard Shenzhou 19.

For the moment, the world’s poor have to settle for using unsymmetrical dimethylhydrazine (UDMH) and nitrogen tetroxide (N2O4) to get their citizens in orbit.

China’s space exploration plans include bringing back the first samples from Mars, and from the near-Earth asteroid Kamo’oalewa, and to look […]

Lets spend $200m on an RSV vaccine for babies, but nothing on vitamin D which dramatically reduces risks?

Photo by Colin Maynard

By Jo Nova

Imagine we were spending $200 million to inject pregnant women and vaccinate babies against RSV, and the real cause of many of the life threatening cases was just low vitamin D?

RSV (Respiratory syncytial virus) is something nearly everyone catches by the time they are two years old. It’s like a bad cold. We’ll go on to catch it every few years for the rest of our lives, and it’s really only a problem for babies and the very old.

In the last week by some odd coincidence, the BBC, ABC and CBC all have stories promoting the idea of saving babies with RSV vaccines which often cost $300 dollars each (USD). The government rollouts are being promoted with free advertising on news programs that pretend to be journalists. But not a single journalist asked the obvious question — if most babies recover just fine, what is different about the babies that struggle. Could it be that low vitamin D puts them at risk?

Two studies suggest that babies with low vitamin D are, by golly, 5 to 10 times more likely to need intensive care.

Vitamin D3, Cholcalciferol.

[…]

To stop Spanish Floods, should we add more solar panels or more dams?

 

@PGuillermoSerra

By Jo Nova

Oh the Dilemma?

More than 219 people have drowned and another 80 are still missing after the devastating floods in Valencia, Spain. The UN expert climate scientists say that shutting coal plants and building windmills is the best way to stop floods.

Matt Ridley is wondering if removing 133 dams had anything to do with it, or if perhaps they should have built the big dam that was approved in 2001 but stopped by the Socialists in 2004:

Dam shame: what really caused Valencia’s floods?

Matt Ridley, The Spectator

… Valencia had a similarly terrible flood in 1957, in which 81 people died, long before climate change became the go-to excuse for any bad weather. After that flood, to prevent a recurrence, the Spanish government built a string of dams in the hills to hold back water and diverted the Turia river away from the city. For more than six decades the system worked well. Why did it fail this year? Because the unusually warm sea made for an unusually bad storm, say some. Yet charts of rainfall in Spain show no trend towards a higher frequency of more […]

Trump will dismantle the censorship cartel, just as Australia tries to set one up

Image by Julius H.

By Jo Nova

Like rats jumping on to a burning ship, the Australian Labor Govt picks the worst possible moment

Today the Australian Senate will consider whether to put the Labor MAD Misinformation bill into law, which will give government bureaucrats at ACMA the right to use draconian fines on “digital communications platform” (blogs and Social Media) that publish opinions the high priest bureaucrats don’t like. And they are rushing it through so they can shut down or scare off critics before the next election. They only need to win over three more Senators out of six independent ones. They should all be aware of how corrupt and stupid this will look. See details below on which Senators to write to.

Trump takes a warhammer to the censorship cartel

The censorship reached peak-absurdity when the left-wing-corporate-deep-state cartel shut down the US President’s Twitter account. The First Amendment was vaporized. Government officials had told Twitter and Facebook to censor political opinions they didn’t like. Since the FBI-CIA-State-Department have the money, the spies, the army and the assassins, the tech giants complied. The social media corporations also needed the government legal immunity of Section 230, which […]

The lamest UN climate meeting starts with some moonlighting fossil fuels deals “on the side”

By Jo Nova

It could be the lamest COP meeting yet

Every year thousands of bureaucrats meet in an exotic location for a UN conference to agree not to solve “global warming”. Next week will be the 29th failure. It is the Olympics of Big Government rorts. This is not just a few hundred climate scientists catching up for a weekend, there are forty or fifty thousand grifters meeting, not just for a few days but for two money-sucking weeks. After they’ve used the tax dollars to get there, they sit around and discuss how they will divvy up the loot, the other tax dollars, called “climate finance”, as if the atmosphere wants a loan.

In a devastating blow, this year the EU political Queen Ursula von der Leyen is going to miss the event, which some call a “fatal signal”.

As it happens, Joe Biden and Emmanual Macron are not going either. It just doesn’t have the social cachet these days in the wake of the US election.

This next little story is so emblematic of the corruptocrat blob. A senior member of Azerbaijan’s COP29 team has been caught red handed using the “climate” conference to line up […]

Trump wins — “This will be the golden age of America”

By Jo Nova

A historic victory — The greatest political comeback in the USA

Talking about Elon — Trump raved and said “We have to protect our super geniuses”. This is so incredibly rare — the recognition at the highest level that scientific and engineering genius needs to be protected.



I’m still the cynic looking for the gotcha — but he has also won the popular vote (51.1%), seemingly every swing state (so far*) and taken back the Senate. This is excellent. How can the Blob cheat their way out of this? Could they have planted “fake votes” for Trump to pretend he cheated and dispute the results, could they claim he is an insurrectionist on January 6th to disqualify him, after all his supposed “crimes” were laundered before the voters and the voters still voted for him.

Imagine how many votes he would have won if the media hadn’t worked against him every minute.

In Australia, our entire national renewable energy policy just turned into an albatross.

But the dark malevolent power of the ACMA Misinformation Bill was on the agenda in the Australian Parliament today. This legislation threatens the existence of this blog, social media, and […]

Last day to vote…

By Jo Nova

In the spirit of this strange moment, as Mark Steyn says:

But in Botswana everyone voted on Wednesday, the last up-country results came in on Thursday, the ruling party conceded and the new guy was sworn in on Friday.

That’s a normal election in a normal country.

Meanwhile, back in the greatest country in the history of countries, in twenty-four hours we shall be embarking on the usual folderol offour-hour lines to vote, malfunctioning machines, burst water pipes, court injunctions to keep polls open or close them down (according to taste), pausing the count before it’s completed, and the GDP-boosting quadrennial spike in plywood sales as storekeepers in DC and elsewhere board up their windows.

 

Meanwhile, nobody does advertising better than Americans — the pageantry, power, persuasion and fun:

New Trump ad just dropped

Staring Elon Musk, Tulsi Gabbard, RFK Jr., Nicole Shanahan, JD Vance and Vivek Ramaswamy. pic.twitter.com/Dm4RN8oFZY

— Wall Street Silver (@WallStreetSilv) November 4, 2024

It’s not about the left versus the right, it’s the people against the corruption…

 

 

 

10 out of 10 based on 81 ratings