In the alarmist bastion The Guardian no less. The first few crumbs of humble pie consumed?
The year climate science was redefined - Mike Hulme
The 12 months since the leaking of emails written by climate change scientists have seen major shifts in environmental debate
How has the climate change story changed since then? And how important was "climategate" in catalysing this change? I believe there have been major shifts in how climate science is conducted, how the climate debate is framed and how climate policy is being formed. And I believe "climategate" played a role in all three.
Voters Want to Save Planet from Attempts To Save Planet
[...] The Waxman-Markey bill worried the electorate more than global warming itself (and quite rightly so), and contributed to the loss of more than two dozen of its supporters in the House of Representatives.
Citi Investment Research & Analysis: The €1trn Euro Decade - Revisited
# What has changed? — A year ago we looked at the extraordinary capex demands being faced by the Utility Sector in the decade to 2020 as it tries to meet the enormous costs of government imposed environmental regulations and embark upon large scale asset replacement cycle. One year on - what has changed?
# The Cost has risen — Last year we estimated the total capex required of the Utility sector to meet environmental standards and replace / renew assets in the five major EU markets in the coming decade was €800bn. One year on our estimate has risen by 17% to €938bn.
# Risk is up — Events in Spain and Germany over the summer have substantially increased investor perception of political risk in the Utility sector in our view. This is very damaging where Utilities make large investments to meet govt environmental targets. Much of this investment is non-commercial and relies upon subsidy. Confidence that govt policy will remain consistent is crucial.
# Woeful sector performance — Since March 2009 the European Utility sector has underperformed the wider market by 26%. Of particular worry to policy makers should be that the underperformance has been concentrated in the large cap generation based Utilities – the very same companies who are expected to do most of the heavy lifting on the capex front. /continues
Full study available from: peter.athertonATciti.com
We Need Carbon Tax - To Prevent Terrorism
New York Mayor Michael Bloomberg said Tuesday that he’s in favor of a carbon tax –- a view not shared by many political leaders of either party in Washington.
Bloomberg, speaking to a group of chief executives at the Wall Street Journal CEO Council, said the U.S. needs to reduce its dependence on foreign oil if “you want to stop sending your money to…terrorists.”
The answer: “We need a carbon tax,” he said.
Ass. Yanks need to drill more and subsidise conversion of more vehicles to dual petrol/gas systems. Many NYers believe Bloomberg is a destructive sell-out because of his counterproductive policies and support for the ground zero mosque, supposed as propaganda to encourage acceptance and islamic financial assistance for his company's middle east expansion policy. One can only wonder what profit he derives from CO2 tax.
A Letter from London
This is a guest post from Roddy Campbell who coincidentally shares many of my views on energy. It’s an empassioned essay on where the best use of energy dollars, or pounds rather, would be. The post is written in the context of UK events, but applies equally to the US. What’s more, I think that if properly understood, the concepts expressed below make sense even without climate change. Enjoy, It’s a good one
"The Conservatives have offered the Liberals a ‘low-carbon economy’ as part of their coalition deal. This probably means more subsidies for solar, wind, biomass, feed-in tariffs, ground-source, and higher electricity prices. Success or failure will be measured either as absolute CO2 emissions, or as the carbon intensity of the economy, with unintended consequences unaccounted for. Is this a good idea, what CO2-emission bang for the buck does it provide, and does it make a difference to our environment and the planet?" /continues
WSJTV on the AGU balance
The American Geophysical Union is putting together a bank of scientists to advise journalists on global warming. Anne Jolis of the Wall Street Journal wonders why it doesn't appear to include any sceptics.
German Scientist: CO2 Not The Cause of Climate Change – Cold Period Is Anticipated
The European Institute For Climate and Energy (EIKE) released a paper today written by German physicist Dr. Horst Bochert. The paper reveals a clear relation between solar activity and ocean cycles, and thus act as the main climate drivers. Measured data shows no CO2 impact on climate.
Intensified El Niños in the Central Equatorial Pacific: Are they caused by global warming? ... or do they contribute to it? [Think trade wind direction/strength influenced by stratospheric air currents, ozone and UV that varies evaporation and so cloudiness.]
Sea Life Flourishes in the Gulf
The Great Oil Spill Panic of 2010 will go down in history as mass hysteria on par with the Dutch tulip bubble.
The catastrophists were wrong (again) about the Deep Water Horizon oil spill. There have been no major fish die-offs. On the contrary, a comprehensive new study says that in some of the most heavily fished areas of the Gulf of Mexico, various forms of sea life, from shrimp to sharks, have seen their populations triple since before the spill. Some species, including shrimp and croaker, did even better.
And meanwhile, the media has greatly exaggerated damage found in studies about coral, which is in some ways more vulnerable to oil and dispersant. Most of it is doing fine. /read on
Arctic Temperatures Below Normal Steve Goddard
This has been the coldest autumn in the high Arctic since 2004, after the coldest summer on record.
Hansen’s claim that it is the “hottest year ever” are based on his imaginary Arctic temperatures.
Green Global System Integration, Joint Ventures, and Partnerships: How Renewable Energy Accelerates Globalization & Reduces Energy Independence
Many private investors and financial institutions are betting on who will win the green race, but contrary to how our national leaders and media outlets make things appear, they are not wagering on countries: not the U.S., not Germany, not China, and not South Korea. Even though there is a nationalistic slant to the way we frame green energy as a race between nations, it’s all a fictional bubble that no country can win.
To understand why this is true, we must exit a dream similar to how Neo in the movie, “The Matrix,” chose the famous red pill; after ingestion, he escaped the machine-created fantasy and experienced reality for the first time. Like Neo, let us escape the media and nation-created fantasy and experience the reality of green energy and globalization. Follow me, swallow the red pill, and escape through the sequence of logic outlined in these four steps:
Recognize that companies win in the market place, not nations or their people
Accept that despite a local company’s best efforts to develop its own technology, it must integrate core technology and components into its final product from diverse foreign partners due to the cutting-edge complexity of green energy/ continues with Escaping “The Matrix”
See that this systems integration-requirement spawns transnational partnerships and joint-ventures (JV), which reduces national borders and accelerates global financial and production-network integration
Awaken to a reality where global economic connectedness binds economies into one unit, thus creating a single common energy security fate for every country regardless of their national energy mix: making self-reliance impossible without returning to the stone age
Constructal GDP (Willis at WUWT)
Lack of energy doesn’t merely hinder or slow or delay development of poor countries as I had thought.
It puts an absolute ceiling on development.
Given the number of people in the world living on a dollar a day or so, that’s a discouraging insight in the context of the current AGW war on fossil fuel energy.
(Also see Willis' earlier article The Constructal Law of Flow Systems)
CCNet newsletter edited by Dr Peiser of the GWPF recommends reading;
Greek PM Expresses Support for Sarkozy's Carbon Tax - People’s Daily Online, 15 November 2010
EU Under Siege As Portugal Hits Panic Button - The Daily Telegraph, 16 November 2010
Greek MP Warns Nations May Be Pushed To Bankruptcy - EuroNews, 16 November 2010
Sarkozy Kills French Super Environment Ministry “Medad” - P Gosselin, NoTricksZone, 15 November 2010
Issa Downplays Prospect of Oversight Committee ‘Climategate’ Probe - The Hill, 15 November 2010
David Henderson: Climate Change Issues - New Developments In A 20-Year Context -Royal Economic Society, October/November 2010
Dalibor Rohac: As Kyoto Plan Collapses, Carbon Tax Promoters Emerge - The Washington Times, 13 November 2010
London Today: Pielke-Peiser Debate: The Climate Fix? What should the government subsidise? Renewables, R&D, or neither? Legatum Institute, London, Tuesday, 16th November 2010
And Finally: Deutsche Bank, Al Gore And The $10 Billion Climate Fund - Frankfurter Allgemeine Zeitung, 10 November 2010[Deutsche banksters employ such climate propheteer remarkables as Oxburgh and warmist APS POPA chairman Socolow]
UK pledges £7bn for Irish
George Osborne says Britain "stands ready" to back EU bail-out.
Bail-out of several state banks. Curious, which bankster will George borrow the £7bn from?
Euro crisis: Britain needs to prepare for an economic dark age next door
The crisis in the eurozone shows why this country must widen its horizons, writes Simon Heffer.
On a shimmering day last June, I was talking to one of our most intelligent diplomats about the future of the euro. He told me, matter-of-factly, that there would be a serious crisis again before Christmas, and he suggested that it might not even survive in its present form. He has been proved right about the first point. Whether he is right about the second is anyone's guess, but if the markets have their way, he will be.
Privately, those who understand the workings of the European Union, but who can manufacture the right amount of detachment about them, admit that the iron façade of common purpose in the European project is starting to creak and rust. For years, a series of pretences has been entered into by dreamers of the European dream about the union's ability to advance as one entity. It has become worse since the inception of the single currency, of which this country is not, thank heaven, a member.
The club pretends (or sought to pretend: it is now wearing a bit thin) that the great disparities between, say, an economy like Germany's and one like Ireland's or Portugal's could be accommodated within the same common policy; and could be so while individual countries were allowed a measure of economic sovereignty, such as setting their own tax rates. Technically, deficits were to be regulated, but in practice, and in the interests of not upsetting any applecarts, they were not: otherwise, France and Italy would have been booted out long ago. The result is that some countries are now threatening to break the system. And poor old Ireland, with a number of its state-owned banks facing oblivion, cannot even turn its economy around, despite heroic amounts of self-flagellation. But then, if you were trying to have an export-led recovery when your goods were denominated in a currency that is among the most expensive in the world, you would be suffering, too.
EU tries to stop spread of panic over Irish banks
European officials scrambled Tuesday to stop Ireland's debt crisis from turning into another Greek-style meltdown and dragging down the euro currency. Talks over solutions, including possible help for Ireland's troubled banking system, went into the night.Only months after saving Greece, the 16-country eurozone has been shaken anew by concerns that Ireland will be unable to pay the cost of rescuing its banks, which ran into trouble when the country's real estate boom collapsed and their risky loans to developers stopped being repaid.
Ireland is on the hook for the bank losses - but wants nothing to do with the sort of European Union bailout that pulled Greece back from bankruptcy in May. That kind of intervention that could threaten the nation's status as a low-tax haven and humiliate the government ahead of possible national elections early next year.
[...] "This is not a matter of the survival of the euro, this is a very serious problem in the banking sector of Ireland," Rehn said. [deceptively!]
It is about time banksters formed their own bail out fund. No other industry has the freedom to keep profits yet transfer debt to the joe gullible public. The banksters with astounding complicity of goverments have royally screwed the UK economy. It is either through gross incompetence, or greed through fractional reserve practices, derivatives trading and cheap credit - else it was planned. Whichever, it is time to distance the government from the banking community and its get out of debt free policy, especially the Rothschilds and their cartel. Government of the people by the people for the people, remember? Not government of the people by the banksters for the banksters.
People are watching what is taking place in the US and on the continent. It seems demonstrations that hopefully aren't turned violent by plain clothes police pretending to be protesters (UK, Canada, US, France) will be the order of the day. If the government still fails to act in the public's interest ahead of third parties including the EU perhaps a coup should ensue.
A simultaneous public audit of Fed Res and BoE would be a first step to achieving honest government, perhaps DFID (the UN and Rothschild's cash dispenser) at the same time.
Whilst agitation for the outlawing of derivatives trading and fractional reserve banksterism is building, an interim measure that would salve a few of the bankrupted buisnesses' wounds, a 100% tax on all monies created out of thin air by banks. Nail 'em to the floor.
BP shuts North Sea field over Iran ban
BP has stopped production at a North Sea platform co-owned with Iran, as it works out whether it is breaching any European sanctions.
(From an earlier article: The joint venture is at the Rhum field, off the coast of Scotland – a £350m gas field, which has 800bn cubic feet of recoverable reserves. BP confirmed it has a joint venture with Iranian Oil Company UK, but declined to comment further.)
IOC UK is a subsidiary of Naftiran Intertrade Company (NICO).
The Hill's Energy & Environment Blog Roll
Climate Science Watch
Institute for Energy Research
Into the Wind
NEI Nuclear Notes
R-Squared Energy Blog
Stephen Brown’s Political Blog
Food for thought
Why do those that claim the science is settled still get public funding?
You know it makes sense. Carbon action day :o)
Thanks Junk Science, GWPF, WUWT, No Consensus, CO2Science, No Tricks Zone and them wot's linked in the text.