JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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Worlds “Largest Shadow Bank” wants Australia to shut coal plants faster

Because Big Bankers really want to save the Earth, right?

BlackRock, the 10 trillion dollar “global investment fund” is urging the Australian company AGL to shut Bayswater and Loy B Yang Coal Plants much sooner than planned. BlackRock is a NY based and as wikipedia says “Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.”

The move only got 20% support from investors. Australian investors largely said “no thanks”. Where are The Greens in exposing multinational powers that want to influence Australia — they’re part of the Big Banker Promotion Team.

BlackRock turns up the heat on AGL’s coal exit plans

Nick Toscano, Sydney Morning Herald

AGL faced an investor revolt on Wednesday, as more than 20 per cent of the company’s shareholders backed a resolution for the board to align the retirement of the Loy Yang A power plant in Victoria and its Bayswater station in New South Wales with a strategy to limit global warming to 1.5 degrees.

This would mean shutting Loy Yang A, the largest brown coal fired power plant in Victoria, [...]

In the pandemic, investors fled from “Green Energy”. Desperate industry predicts 40 deaths a month in wake

Is that the dark smell of desperation?

Green energy is so essential and profitable that when the chips are down, investors ran a mile.

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history 31 May 2020

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions.

global investment is now expected to plummet by 20%, or almost $400 billion, compared with last year, according to the IEA’s World Energy Investment 2020 report.

Not only has the money gone, but renewables have been out-competed at the thing they are supposed to do best.

The Global Pandemic is the world’s greatest carbon reduction program since the Black Plague:

Those short-term benefits [of the Coronavirus] have been substantial. Consumption for jet fuel and gasoline, for example, declined by 50 and 30 percent, respectively, from early March to June [...]

Goldman Sachs pledges $750 billion on climate change — bankers just want to save the world too

Just when you think banks are only in it for the money, along comes Goldman Sachs to advise us on the planetary atmosphere:

“Goldman Sachs released a 34-page analysis of the impact of climate change. And the results are terrifying.”

All these nice banks want to save Earth too.

Yusef Kahn, Business Insider, Sept 2019

For some reason (what could it be?) a few months ago the Goldman Sachs investment bank was gripped with a sudden urge to repackage the IPCC report. Perhaps they were afraid their clients didn’t watch CNN, the BBC, or, pick-any-channel, maybe they couldn’t afford a television?

A Goldman Sachs report on the impact of climate change on cities across the world makes for grim reading. The bank warned that “consequences of a warming world may well play out over several decades to come, even if efforts to limit greenhouse gas emissions are successful today.” Rising temperatures would lead to changing disease patterns, more intense and longer-lasting heatwaves, more destructive weather events, and pressure on the availability and quality of water for drinking and agriculture.

“Despite the uncertainty around the timing and scale of the impact, it may be prudent [...]

Bonanza, not: With govt manipulation carbon credits rise back to 2008 levels

It’s being hailed as a “soaring investment” but it’s just the fake fiat carbon scheme that has been fiddled back to life. The EU ETS market had too many credits and crashed down to 5 Euro or less by 2013. On deaths door, the EU decided to cull a quarter of the credits for the EU ETS every year starting in 2019 and the price predictably went back up. The big success of this unnecessary unfree market is that it has added a tariff to cheap coal to make it just as expensive as gas, and pushed up electricity prices in the EU.

Any illusion of generating economic wealth, or energy efficiency is purely coincidental. There’s no supply and no demand, no extra products or productivity — and without government force, no market at all for imaginary carbon penances. It draws money from every consumer and hands it to gas, and renewables giants, as well as bankers, crooks and VAT Tax cheats. And if this market goes global it’s potentially a $7 Trillion dollar money-making racket for bankers. No wonder HSBC, Deutche Bank, Goldman Sachs, BBVA and Citigroup want to “save the world”.

Back to 2008:

Government decisions largely [...]

Renewables — the $300 billion dollar vested interest that hardly anyone mentions

Imagine there was a $300 billion dollar industry that depended almost entirely on a pagan belief that cars cause storms, and coal caused floods. Imagine this industry produced nothing that consumers would voluntarily buy unless the government banned cheaper options. Now imagine how much money these investors might be willing to donate to lobby groups, Superpacs, and activists in koala suits. Purely hypothetically…

Global clean energy investment[1] totaled $332.1 billion in 2018, down 8% on 2017. Last year was the fifth in a row in which investment exceeded the $300 billion mark, according to authoritative figures from research company BloombergNEF (BNEF).

Global investment in renewable energy, 2018 | Bloomberg.

With 100% of their income at risk of evaporating if the voters pick the wrong person, or if public faith in the pagan religion starts to wane, these investors have a reason to create a PR campaign that called anyone who questioned the faith an idiot denier, funded by fossil fuels, out of touch, old, white and unfashionable.

Fossil Fuels, on the other hand, wouldn’t need to worry. They’ve tried the solar and wind research already. They know how uncompetitive they are and how people will be using [...]

The new $30 Trillion dollar climate wishlist of the same old ideas

There’s a new Christmas fantasy list for Climate-worriers. It’s a New York Times bestselling book (aren’t they all) and people are gushing …because it lists the same old solutions we’ve heard 100 times before, like using wind, solar, go vegetarian, walk to work, and (wait) educate your girls.

The PR material glows like the Sun. Wear your sunglasses and hazmat suit when reading:

Project Drawdown is the most comprehensive plan ever proposed to reverse global warming.We did not make or devise the plan—the plan exists and is being implemented worldwide. It has been difficult to envision this possibility because the focus is overwhelmingly on the impacts of climate change. We gathered a qualified and diverse group of researchers from around the world to identify, research, and model the 100 most substantive, existing solutions to address climate change. What was uncovered is a path forward that can roll back global greenhouse gas emissions within thirty years. The research revealed that humanity has the means and techniques at hand. Nothing new needs to be invented…

Project Drawdown’s ranked list of 100 climate change solutions has priced the whole planet-fixing kit at a cool $29,609 billion dollars (of other people’s money). [...]