Climategate, UK Edition: Following the Money, All €4 Trillion of It

[Dementia_Madness]

http://bigjournalism.com/otockfield/2010/02/12/climategate-uk-edition-following-the-money-all-e4-trillion-of-it/

There’s a question oft-posed by the proponents of global warming… or of “climate change,” as the new term of art has it, thus allowing warmists to claim both the snowstorm now blanketing America’s East Coast, as well as the melting of that snow, as evidence for their theory.

“To what end?” the warmists ask the skeptics.  Or, in the lingua franca of conspiracy theorists everywhere: “Cui bono, my friend, cui bono?”

Well, lots of people are benefiting from the practical implications of this theory. There’s Nobel Laureate Al Gore for one, who is on track to become the first green billionaire:

Then, at the UN there is the organization that shared Gore’s Nobel Prize, the IPCC, and its controversial director Dr. Rajendra Pachauri, a railway engineer with no back ground in climate science who lives what has been described as a lavish lifestyle in Delhi.  Publicly he oversaw a report issued with the imprimatur of the UN that the Himalayan glaciers that feed India’s rivers will have melted by 2035.  Privately he has been acting as a director or advisor to a score of companies, including Pegasus Capital Advisors, GlorOil, Toyota, and Deutsche Bank, as revealed by Christopher Booker of the Telegraph here and here.

But hard-core warmists, intent on skepticizing the skeptics, invariably ask: “why would the media go along with this poppycock?”

Yes, why are the media so invested in the warming notion, given the countervailing evidence, the fact that the last climate theory (the global cooling scare of the 1970s) was so quickly disproven, and that it is self-evident that CO2, that most persecuted of molecules, is essential for life… for plant life.  (When an elephant sighs, a tree smiles.)

Well, the BBC, a prime proponents of warming theory, or AGW, has heavily invested its pension fund in the theory, and thus have had a major non-Scientific reason for their bias.  As revealed this weekend in The Express:

    The corporation is under investigation after being inundated with complaints that its editorial coverage of climate change is biased in favour of those who say it is a man-made phenomenon. The £8billion pension fund is likely to come under close scrutiny over its commitment to promote a low-carbon economy while struggling to reverse an estimated £2billion deficit. Concerns are growing that BBC journalists and their bosses regard disputed scientific theory that climate change is caused by mankind as “mainstream” while huge sums of  employees’ money is invested in companies whose success depends on the theory being widely accepted. The BBC is the only media organisation in Britain whose pension fund is a member of the Institutional Investors Group on Climate Change, which has more than 50 members across Europe.

The IIGCC is an interesting group.  As their website explains:

    The IIGCC is a forum for collaboration on climate change for European investors. The group’s objective is to catalyse greater investment in a low carbon economy by bringing investors together to use their collective influence with companies, policymakers and investors. The group currently has over 50 members, including some of the largest pension funds and asset managers in Europe, and represents assets of around €4 trillion.

Wait… I hate to be a skeptic, but did they just say… “Four Trillion Euros”?

They did.

The Chairman of IIGCC investment group is Peter Dunscombe, who also happens to be the BBC’s Head of Pensions Investment.

Cui bono, my friend, cui bono?

[NCVol]

I see, so NOW you want to take my concerns seriously about the power of big money?  GREAT!!!  Now I suppose that when I talk about plutocrats and oligarchs and the behemoth trans national corporations and talk about how those tiny few at the very top of a pyramid are driving just about every economic decision in this country and worldwide, that you'll say, preach on brother NCVol, I've seen the light and now on questions like health care, I'll look at the policies that benefit the large health insurers, same with drugs, with war, with trade, with hospitals, with illegal immigrant labor.

We now have a populist convert who's ready to renounce the GOP and the rich plutocrats who pull the strings of Dick Armey and Sarah Palin and the Tea baggers, the Koch family influence in dozens of "think" (aka propaganda") tanks that push a "conservative" line, who dictate to Mitch McConnel, and Boner (Boehner?).

It's nice to have you on board - follow the money!  Follow the money to the "liberal" MSM, DBM who survive on advertising revenue from the worlds largest companies and therefore invariably promote policies that benefit the world's largest companies.  On CNBC, we know we're going to get shilling for Wall Street, a message that it's always a good time to buy stocks, since sellers of stocks pay THEIR bills.  

So great.  We now know that $4 trillion is tangentially attached to a group that thinks it might be a good idea to invest in wind, solar, geothermal, nuclear, batteries, new grids, in short to transition from fuel supplied by terrorists and tyrants to sustainable and renewable energy and therefore it's clear that if there is someone who wants to INVEST in a new industry - lets take technology - it's obvious that the entire industry is built on a castle of sand.  Why the whole tech thingy was and is a joke, there was never any benefit from tech, just like there will never be any benefit from new solar technology or wind or geothermal or even nuclear.  Why the only possible fuel that we will be using is oil and gas and coal and any rich dude who invests in alternative fuels is basing the investment on a lie.  

So this is really interesting stuff.  I'm really glad to know that new money should always go to sustain OLD technology, since we know that new stuff never does work out for investors.  Betting on the future is a fools errand.  We should demand that our policies go to sustain the existing "old guard" at any cost, since change and technological advancement is risky and bad and so new industries must not be encouraged!!! 

[Dementia_Madness]