Fossil Fuel ‘Subsidies’ – If You Believe They Exist I’ve Got a Bridge to Sell You

Chris Ratcliffe/Getty

Every now and then greenies like to wheel out the claim that fossil fuels are “subsidised”.

Usually, this is because they’ve found some parti-pris, left-wing think tank to give their specious claims a veneer of respectability.

Today it is the turn of the Overseas Development Institute (ODI), which claims to be the “UK’s leading independent think tank on international development and humanitarian issues”. [I think that “and humanitarian issues” gives the game away, don’t you?]

According to the ODI, the world’s seven major democracies are spending at least $100 billion (£70 billion) a year propping up fossil fuels with “subsidies” and that the UK, with “subsidies” of £11 billion a year is the worst offender.

Really?

As I’ve written before, this is a lie: the last refuge of some the biggest, ugliest, most mendacious scoundrels on earth, stretching the meaning of “subsidy” beyond all usefulness.

Read the rest on Breitbart.

Green Nightmare: Germany’s Clean Energy Flops While Global Fossil Fuels Boom…

Sean Gallup/Getty

Germany, epicentre of global environmentalism, is losing faith in the green dream. Its energy minister has admitted that it will fall some way short of its 2020 climate targets and that voters are weary of the renewable energy projects which in Germany alone cost taxpayers around €25 billion per year.

EurActiv reports:

Voters across Europe have lost faith in politics partly because of “unachievable targets” on renewable energy, said German Energy Minister Peter Altmaier, who rejected calls from a group of other EU countries to boost the share of renewables to 33-35% of the bloc’s energy mix by 2030. […]

“Germany supports responsible but achievable targets,” Altmaier said from the outset, underlining Berlin’s efforts to raise the share of renewables to 15% of the country’s overall energy mix.

But he said those efforts also carried a cost for the German taxpayer, which he put at €25 billion per year. “And if we are setting targets that are definitely above 30%, that means that within a decade, our share has to be more than doubled – clearly more than doubled,” Altmaier pointed out.

Meanwhile, France24 reports:

Rather than cutting emissions of the greenhouse gas by 40 percent compared with 1990 levels, Europe’s largest economy will manage reductions of just 32 percent, said the annual climate report for 2017 signed off by Chancellor Angela Merkel’s cabinet.

The shortfall of eight percentage points translates into around 100 million tonnes of carbon dioxide (CO2) pumped into the air annually.

These are shocking admissions from the country which has probably done more than any other to advocate for “clean energy”. Germany had set itself the ambitious target of becoming completely independent of fossil fuels in a scheme known as Energiewende.

Read the rest on Breitbart.

Fossil Fuel Martyr: Mrs Tom Steyer Resigns from Harvard (One Day Before Her Six-Year Tenure Ends)

Business advice for the mission-driven entrepreneur. SVN member Kat Taylor, CEO & Co-Founder of One PacificCoast Bank, says "culture matters the most" when starting up a business.
Screenshot

Kat Taylor—wife of billionaire environmental activist Tom Steyer—has resigned from Harvard’s Board of Overseers in protest at the university’s ongoing refusal to divest itself of its fossil fuel investment holdings.
The Daily Caller reports:

Taylor had enough of Harvard University’s fossil fuel investments. She stepped down from her position as a member of the Harvard Board of Overseers on Tuesday. In her resignation letter, Taylor decried the school’s “failure” to “adopt ethical commitments,” according to the Harvard Crimson.

“We should and would be horrified to find out that Harvard investments are actually funding some of the pernicious activities against which our standout academic leadership rails,” her letter stated. “But that is where we still sit, vulnerable to the inevitable association with our investment targets that profiting from them demands.

Harvard has a total endowment of $37.1 billion, with some investments in fossil fuels. The prestigious university has long faced pressure to divest. Over 100 Harvard faculty penned an open letter in 2014 urging University President Drew Faust to do so. In 2015, 20 students stormed a university building and demanded divestment. In March 2017, members of the activist organization Divest Harvard made similar demands while blockading University Hall.

It’s possible, however, that Harvard’s Board of Overseers won’t feel the loss of Ms Taylor too keenly. Her resignation, highly principled and selfless though it surely was, reportedly came just one day before her six-year term was due to expire.

Read the rest at Breitbart.

Killing Yourself for Gaia Is an Act of Insanity

DOMINIQUE FAGET/AFP/Getty

Environmentalism has a long history of attracting cranks, loons and zealots.

There was the Unabomber, whose Manifesto was all but indistinguishable from Al Gore’s Earth in Balance.

There was James Lee, the eco-terrorist who in 2010 was shot by police at the Discovery Channel after taking hostages, leaving behind rambling messages protesting about “overpopulation” and the need to “the human race from breeding any more disgusting human babies.”

Now there is David S Buckel, a lawyer who burnt himself to death in Prospect Park, Brooklyn, apparently in the belief that this would set some kind of moral example to all those people out there bent on destroying the planet.

Read the rest at Breitbart.

There Is No Big Oil Conspiracy to Suppress Truth About Climate Change

Oil refinery
Andrew Vaughan/AP

There is no Big Oil conspiracy to suppress the truth about “climate change,” a federal judge in California has ruled.

According to Michael Bastasch at Daily Caller:

San Francisco and Oakland filed suit against five major companies, including Exxon and Chevron, demanding money for damages global warming allegedly caused. A core component of their suit is fossil fuel companies “engaged in a large-scale, sophisticated advertising and public relations campaign” to promote fossil fuels while they “knew” their products would contribute to “dangerous global warming.”

The cities’ suits against oil companies, however, do not show an industry conspiracy to suppress climate science from the public, U.S. District Judge William Alsup said, according to journalists who attended the hearing.

Alsup said plaintiffs “shows nothing of the sort” regarding some sort of conspiracy against science, Conservative journalist Phelim McAleer tweeted.

This ruling, so early in the trial, may well have come as a shock to the plaintiffs. Judge Alsup, after all, was a Bill Clinton appointment, operating in the most eco-friendly state, California. He might therefore have been open to persuasion by the green narrative.

The case owes its origins to a little-publicized gathering of leading climate alarmists in La Jolla, California in 2012.

Read the rest at Breitbart.

Climate Hypocrite George Soros Bets Big on Fossil Fuels

Soros
BRENDAN SMIALOWSKI/AFP/Getty Images

George Soros spent $160 million investing in fossil fuel companies in the final quarter of last year alone.

This makes him a huge liar or a massive hypocrite or an outrageous cynic – or, likely, all three – for almost no one in the world has spent more campaigning against “climate change” than Soros.

The Daily Caller reports:

In the last quarter of 2017, Soros Fund Management reported investments in eleven new fossil fuel corporations totalling nearly $160 million, according to his company’s December 31, 2017, filing before the Securities and Exchange Commission reviewed by TheDCNF.

His investments in fossil fuels undermines his public pledge to use his money to eliminate the oil, gas and coal industries, claiming they threaten the planet by accelerating climate change.

The billionaire’s most recent political efforts to warn about climate change was his underwriting of the organizations behind the April 29, 2017, “People’s Climate March” that marked the 100th day of President Donald Trump’s administration. Soros donated $36 million to 18 of the march’s 55 steering committee organizations between 2000 to 2014, according to the Media Research Center.

As with his pal Tom “Rhymes with Liar” Steyer – another billionaire environmental campaigner who has made a chunk of his fortune from fossil fuels – it appears to be a case of “do as I say, not do as I do.”

Read the rest on Breitbart.

Three Great Signs that Trump Is Winning the Climate Wars

Trump digs coal
DOMINICK REUTER/AFP/Getty

Donald Trump is #winning the climate wars.

Here are three signs that despite stiff opposition not just from greens and Democrats, but from elements (such as Javanka) from within his own administration – Trump is on course for crushing victory over the Green Blob.

Scott Pruitt is cleaning out the Augean Stables (aka the Environmental Protection Agency)

Essentially the EPA is and always has been a communist sleeper cell introduced to the heart of the U.S. government system by Richard Nixon in the mistaken belief that paying Danegeld to your enemies will make them leave you alone. Since 1970, it has swollen to embrace more than 17,000 employees, many of them deep-green ideologues on a holy mission to rein in economic growth, restrict consumer freedoms and reduce living standards by introducing ever more swingeing environmental restrictions on both businesses and private individuals. The EPA is the viper in America’s bosom.

But now the viper is being defanged.

Here is one example, which the Washington Post reported under the headline Pruitt’s new science advisers add more industry experts, conservatives to the mix.

Read the rest at Breitbart.

Muslim Leaders Finally Bite the Bullet on the Key Issue of Our Time…

muslim prayer
AP/Matt Rourke

Finally, just when we were beginning to fear it couldn’t get any worse, Muslim leaders have taken a stand and said: “Enough is enough!”

Yes, the Islamic Society of North America – the largest Muslim organization in the U.S. – has affirmed its commitment to combating climate change. It is going to divest itself of all its investment holdings in fossil fuels.

Read the rest at Breitbart.

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.

Guardian Editor-in-Chief Hits Peak Stupid

I’d been meaning to write today about why Oxford University should divest itself of one of its zoology graduates. But I’m afraid that will have to wait because I’ve just read today’s Guardian cover story and have realised that the stupid runs much deeper than George Monbiot and goes right to the top.

The piece is sub-headed “Why it’s time to start divesting from the companies that already have far more fossil fuels than they can ever be allowed to use” and it’s written by the newspaper’s editor-in-chief Alan Rusbridger.

Now in the past I have been fairly agnostic about Rusbridger. His Harry Potterish appearance, his Quixotic secret ambition to be a concert pianist, his £400,000 salary package and his public school education (Cranleigh) all led me to believe that, for all the ghastliness of his newspaper’s politics, he was deep down a loveably ramshackle closet capitalist and probably not nearly as brainlessly left-wing as the Guardian.

What changed my view first was the Guardian’s disgusting complicity in the Edward Snowden intelligence leaks. Amazingly Rusbridger’s newspaper shared a Pulitzer prize for this, despite growing evidence that these leaks have done untold damage to the security of both Britain and the US and have certainly aided and abetted Islamist terror groups like ISIS.

Now Rusbridger has jumped onto yet another suicidal bandwagon, this time cheerleading a campaign for all the world’s big institutions, fund managers and so on to “divest” their share portfolios of their fossil fuel holdings. (Among the logos of companies featured on the Guardian’s cover as examples of “the most polluting coal, gas and oil companies in the world” is that of Shell, which for a long time sponsored the Guardian’s Environment pages. I hope Shell appreciates this display of gratitude).

In vain, though, do you find in Rusbridger’s lengthy apologia for this campaign any evidence as to why it is justified.

It is, rather, little more than a collection of slogans and dubious assertions. This first paragraph gives you a taste.

The world has much more coal, oil and gas in the ground than it can safely burn. That much is physics. Anyone studying the question with an open mind will almost certainly come to a similar conclusion: if we and our children are to have a reasonable chance of living stable and secure lives 30 or so years from now, according to one recent study 80 per cent of the known coal reserves will have to stay underground, along with half the gas and a third of the oil reserves.

This is scientific, political, economic and social illiteracy. It presupposes, first, that the case for man-made global warming theory is proven (which – duh – it so totally isn’t); and second, that all the nations of the world will have the collective will refuse to take advantage of the natural resources beneath their seas and their soil on the say so of kooks like the Prince of Wales, Al Gore and Alan Rusbridger. I particularly love that phrase “anyone studying the question with an open mind….”, which clearly doesn’t apply to Rusbridger himself. If it did, he would surely at least have acquainted himself with the fact the 87 per cent of the world’s energy demand is currently satisfied by fossil fuels and that renewable energy has proved itself quite unable to replace them on any economically viable level.

Read the rest at Breitbart London

Related posts:

  1. Climategate: George Monbiot, the Guardian and Big Oil
  2. Peak energy? What peak energy?
  3. Murdoch, Hackgate, Climategate, the Guardian and the vile hypocrisy of the Left
  4. Climategate: peak oil, the CRU and the Oman connection