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The Money Trail

The U.S. Securities and Exchange Commission headquarters
The U.S. Securities and Exchange
Commission headquarters

The recent Securities and Exchange Commission "interpretive guidance" on climate change says companies should disclose not only potential risks from climate change, but also risks from climate-related legislation, regulation, international accords and effects on business trends.

Socially responsible companies will seize the opportunity to educate citizens, protect the interests of investors, employees and customers, and safeguard the well-being of communities they serve. Here are some of the questions they should be examining:

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Dominique Strauss-Kahn
Dominique Strauss-Kahn

International Monetary Fund head Dominique Strauss-Kahn today called for a huge global warming slush fund to be established as an interim measure before carbon taxes are implemented in the name of preventing weather disasters related to alleged man-made climate change.

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money-down-the-drain1

Somehow the tables have turned. For all the smears of big money funding the "deniers", the numbers reveal that the sceptics are actually the true grassroots campaigners, while Greenpeace defends Wall St. How times have changed.

Sceptics are fighting a billion dollar industry aligned with a trillion dollar trading scheme. Big Oil's supposed evil influence has been vastly outdone by Big Government, and even those taxpayer billions are trumped by Big-Banking.

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miscast forecast

The performance-related payout comes despite repeated criticism of the national weather service.

Forecasters were lambasted after their predictions of a barbeque summer turned into a washout. This was followed by forecasts of a mild winter which has turned out to be one of the coldest on record. The Met Office could be dropped by the BBC for the first time in 90 years when its contract expires in April.

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cartoon

As the massive global warming fraud implodes, the one aspect of it that has not been explored in depth is the equally massive waste of billions of dollars spent by the United States and nations around the world, we were told, to avoid global warming.

Whole industries such as automobile manufacture had demands and limits put on them. Some states required utilities to buy “carbon credits” to offset their use of “fossil fuels.” The list of things attributed to global warming expanded to the point of total absurdity.

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Cartoon_Cap_and_Trade

It’s hard to tell right now which part of global warming policy is in the fastest free fall — the economics, the politics or the science. The politics seemed to be winning the race yesterday. At least five major U.S. corporations have pulled out of the U.S. Climate Action Partnership, an agglomeration of business and green groups lobbying Washington for climate legislation. High on USCAP’s agenda is a cap-and-trade system for carbon emissions.

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Tehachapin wnd turbines
Tehachapin wind turbines

Wind farms are dying in the United States as the taxpayer handouts dry out:

Some say that Ka Le is haunted—and it is. But it’s haunted not by Hawaii’s legendary night marchers. The mysterious sounds are “Na leo o Kamaoa"-- the disembodied voices of 37 skeletal wind turbines abandoned to rust on the hundred-acre site of the former Kamaoa Wind Farm…

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money_black_hole

Global warming skeptics are agog that President Obama is seeking to dramatically increase federal funding for global warming research in the wake of the Climate-gate scandals that have emerged during the last three months.

The federal budget for 2011 proposes $2.6 billion for the Global Change Research Program, a  21 percent boost over 2010. It will bring funding to a level higher than under any administration dating back to 1989 -- when global warming first attracted federal budget funds.

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New Penderel House
New Penderel House

If you happen to be wandering down High Holborn in London, you will hardly notice New Penderel House but, if you did, you might catch sight of a nameplate, one of many, just inside the lobby, announcing the London headquarters of New Energy Finance Ltd.

Apart from the name, there would no other clues as to the nature of the company, still less that it is one of the new breed of parasites living off the hype over "climate change". Part of the Bloomberg empire, with offices in New York, Washington and throughout the world, including Peking and Delhi, it was set up to exploit the burgeoning and totally artificial carbon market, grabbing money indiscriminately from wherever the trail led.

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climate_money

Our old friend Jo Abbess BSc is back. And she’s got some searching, pertinent questions which could put paid to my AGW-denying antics once and for all!

Dear James,

I am researching a short article on the possible relationships between financial investments and politics in the Media.

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windfarm_windpower

From Tuesday any energy company advertising or selling a "green" electricity deal needs to prove its environmental credentials to a new panel set up by the industry regulator Ofgem.

Only those companies who pass certain tests can call their tariffs as eco-friendly. Previously, some suppliers have merely repackaged the renewable energy they are legally required to sell under European rules and called it "green".

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