Why Renewables Are Doomed and Fossil Fuels Are the Future

We’re on the verge of a new energy revolution. Except it’s the exact opposite of the one the “experts” at places like BP,  the International Energy Agency and – ahem – the Guardian are predicting.

For years we’ve been assured by politicians, energy industry specialists and green advocates that renewables such as wind and solar are getting more and more cost-competitive while dirty fossil fuels are so discredited and wrong and evil we’ll soon have to leave them in the ground.

But to believe this you’d have to believe in a world where Donald Trump and Brexit hadn’t happened; where taxpayers were still prepared to bankroll, ad infinitum, the expensive, inefficient, environmentally-damaging produce of favoured crony-capitalists; where no one had access on the internet to articles showing how the whole climate change industry is such a scam.

That world doesn’t exist.

This is why we need to take with a massive pinch of salt, for example, the latest BP Energy Outlook 2017 which claims that renewables are set to grow and grow over the next two decades:

Renewables in power are set to be the fastest growing source of energy – at 7.6% per year to 2035, more than quadrupling over the Outlook period. Renewables account for 40% of the growth in power generation, causing their share of global power to increase from 7% in 2015 to nearly 20% by 2035.

It’s why we should laugh to scorn articles like this one in Vox boasting about how the US solar industry employs more people than the US coal industry.

And why economics writers like the normally sensible Jeremy Warner do themselves no favours when they produce tosh like this in the op-ed columns of that once respectable newspaper The Daily Telegraph.

Read the rest at Breitbart.

World’s First Anti-Global-Warming Hedge Fund Sticks It to the Greenies

The other day, while out hunting, I met a man who ran a brothel. (Till he got busted, anyway). I liked and respected him for brothel-keeping is an honourable profession which supplies a vital need and makes the world a happier place.

This is something that never could be said of a single person working in the climate change industry. It is now worth an eyewatering $1.5 trillion per annum — not a penny of which goes on anything remotely useful. As I argue here at the Spectator, it is a Potemkin industry, a racket, a form of state-sanctioned organised crime.

No one, in a free market, would spend a penny of their earnings on wind turbines, solar panels, research grants for dubious climate science projects, local council sustainability officers, et al: the industry is entirely dependent for its existence on favours granted to rent-seeking troughers by the political class.

If you build a giant trough, the pigs will come. And they have. (No insult to real pigs, by the way. Bacon! Mmm)

I’m thinking, for example, of wind farm entrepreneurs like Dale “dog on a rope” Vince — the former new age traveller whose £100 million fortune derives from carpeting the British landscape with gigantic bat-chomping, bird-slicing eco-crucifixes.

Rajendra Pachauri, the bearded, yogic railway engineer with wandering hands who, largely because he fitted the right ethnic profile, managed to parlay his way into heading the Intergovernmental Panel on Climate Change, jetting round the world for a succession of climatological shindigs in exotic locations, as well as making a tidy bit on the side thanks to his TERI research institute.

Read the rest at Breitbart.