Because Big Bankers really want to save the Earth, right?
BlackRock, the 10 trillion dollar “global investment fund” is urging the Australian company AGL to shut Bayswater and Loy B Yang Coal Plants much sooner than planned. BlackRock is a NY based and as wikipedia says “Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.”
The move only got 20% support from investors. Australian investors largely said “no thanks”. Where are The Greens in exposing multinational powers that want to influence Australia — they’re part of the Big Banker Promotion Team.
BlackRock turns up the heat on AGL’s coal exit plans
Nick Toscano, Sydney Morning Herald
AGL faced an investor revolt on Wednesday, as more than 20 per cent of the company’s shareholders backed a resolution for the board to align the retirement of the Loy Yang A power plant in Victoria and its Bayswater station in New South Wales with a strategy to limit global warming to 1.5 degrees.
This would mean shutting Loy Yang A, the largest brown coal fired power plant in Victoria, at least 12 years before AGL’s planned 2048 closure.
While prominent local superannuation funds including Aware Super declined to support the motion, the $10 trillion BlackRock, which ranks as one of AGL’s top shareholders, voted in favour of it.
AGL is responsible for 8% of Australia’s emissions (an extraordinary thing in itself — why was one company allowed to own so many generation assets that it could become a predatory capitalist at the expense of Australian electricity consumers?).
It’s all about “embarrassing” people into following the Paris 1.5C accord. The resolution was lodged by a group called Australasian Centre for Corporate Responsibility (ACCR). That in turn gets about a million dollars a year from a bunch of foundations and community groups (which in turn get various millions and also promote “climate action”). There is obviously plenty of money for people to work in full time paid jobs to “embarrass” boards and write press releases promoting the same aims as “The largest Shadow Bank ” in the world. Coincidence?
Banks love to save the world
Banks are very very keen to get “climate action”: Goldman Sachs pledged $750 billion on climate change. Bank of America spent $50 billion to save the world. Citigroup committed $100 billion to “climate change”. A Spanish Bank spent €100 b on Earth’s weather, cos they are nice people. Deutsche Bank write 50 page scientific reports on climate change. They don’t do that to save whales. There’s something different about “climate action”.
Banks with “carbon trading desks”
There are a few big profit making reasons Big Banks want “carbon action”. Many of their other investments in Renewables Corporations are completely dependent on Big Government artificial anti-market rules. Ultimately Big Bankers also want a Global Carbon Trading Scheme — potentially the largest “commodity” market in the world which banker-brokers would cream instant profit from, if only anyone wanted to buy the product (worthless paper certificates) which they don’t — unless Big Government forces them to. Carbon credits are just another corrupt currency, but one that would, in theory, not be “controlled” by any democratic government. Once it starts, how would it ever by unwound?
But there is another benefit here for Big Bankers, who depend on Big Government to protect their monopolies and existence. Coal mines and coal generators are in theory, highly competitive profit-making machines that have no need of Big Government protector or subsidy. As such, if they were independent voices in Australia they would have enormous power to speak up and criticize Big Government (coal is our largest export item, and coal fired power is our cheapest electricity generator). Renewables, on the other hand, are utterly dependent on Big Government to protect them and become part of the Big Government cheer squad.
Hence, it’s in the interest of Big Parasites to buy up, subsume and control the independent voices that don’t benefit from Big Government. As Malcolm Roberts and Alan Moran showed, right now the parasites get about $1,300 per household in Australia thanks to Big Government rules that force consumers to buy a product which will never be delivered, and can’t be measured. How many consumers would voluntarily spend $1,300 a year to get “nice weather” in 2100?
BlackRock backs AGL coal closure bid, against Aus investors
Sarah Simpkins, Investor Daily
Dan Gocher, director of climate and environment at the ACCR said BlackRock’s support “embarrasses Australian super funds and asset managers who voted against the resolution”.
“It demonstrates an increasing trend that European and US investors are more prepared to take critical action to address climate risk,” Mr Gocher said.
“Lead investor for engagement with AGL in the Climate Action 100+ initiative, Aware Super [formerly known as First State Super] has previously said that ‘climate change clearly poses the most significant risk to investment portfolios over the long term’. Yet Aware Super justified voting against the resolution, claiming it was not commercial to close coal-fired power stations by the mid-2030s.
ACCR funders include: Graeme Wood the Wotif founder, who gave $1.6m to the Greens in 2010. LUCRF Super Fund, The Sunrise Project, which gets $9m a year from unnamed donors, is largely about “climate change” but also openly supports all the classic Social Justice Warrier causes — BLM, LGBTIQ, etc. And the amorphous Australian Communities Foundation. It’s not easy to say where some of these large groups get their funding from. Only 45% of the ACCR income is listed as donations. The rest is “Other revenues” whatever that is. Their 2019 Annual Report is so blurry on the Australian Charities site it’s nearly unreadable.
There is some AGL shareholder conflict afoot. At the same meeting 46% of shareholders voted against a plan to give CEO long term incentive rights. This is called a “first strike” against the board, and if it gets a “second strike” next year, that will trigger a spill motion to dump the entire board.
Related stories on Bankers in Climate Change
- Central banks drive booms and busts, and force everyone to be a high risk speculator
- Banks *really* want to save the world. Citigroup commits $100 billion to “climate change”. Media loves it.
- Giant Spanish Bank spends €100 b on Earth’s weather, cos they are nice people
- How Green is Your Bankster? Bank of America spends $50 billion to save the world.
- Global Carbon Market Hits $176 Billion in 2011
- The Ground Zero of Global Corruption – it starts with The Currency
- When is a free market solution *not* the answer? When it isn’t free.
- UN Green Climate Fund: good for bankers, bureaucrats, but not so much the poor
- Deutsche Bank — A Wunch of Bankers
- Sub-prime carbon is coming
- Six words to expose the scam: Bankers want us to trade carbon
- Climate money: Bigger money moves in
- Massive climate funding exposed
- Carbon credits: another corrupt currency?
h/t Chris Dawson, David B and Andrew & Marion.
Of course thay want coal fired power stations taken off line …
http://joannenova.com.au/2018/04/in-a-fake-free-market-2000mw-1000mw-and-liddell-is-worth-more-destroyed-than-sold/
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If coal s profitable the company should stay firm and tell the Greens to sell their shares.
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Guess what? Our PM Morrison is going along with that nonsense. As is often said, follow the money. By and large Australians are fools for voting “1” for either major party.
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Surely every Industry Super fund in Australia would have voted FOR the resolution? You know, IndustrySuperFunds = function(Greens, Labor, Unions).
That implies that Industry Funds must be only part of the “20% of investors”. And that implies Industry Super funds totally only have a very low stake in AGL (~20%).
That is really good news. Maybe Cancel-Culture Inc is not working in the Oz energy industry.
…. OTOH maybe BlackRock only “wanted” you to think that …. Doctor Evil at work?
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It is not only the banks. Even NATO is in on the act now. Can the world get anymore crazy ?
https://www.breitbart.com/europe/2020/10/08/delingpole-natos-new-mission-saving-the-world-from-climate-change/
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These superficial morons will stand there looking surprised when the lights go out and they wont even have the “unreliable coal” meme/lie to point the finger at.
Bring on 100% “renewables” and bring it on hard
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But the lights won’t go out for the very rich.
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I think you lot are being very selfish. Why do you need energy anyway? Its warm in summer and you just need to sling on another T shirt in the winter. You shouldn’t be up late enough in the evening to need any electric lights. A fuel allowance of say 20 litres a month for your vehicles and you are set to lead the world. Think how virtuous you will feel. Think of Greta’s warm smile of gratitude.
If you are unwilling to be a friend to the planet, perhaps you can suggest these measures to your MP’s? They will be delighted to make the necessary sacrifices in order to set an example to the people of Australia and save the planet from whatever it is they think it needs saving from.
I am utterly confident that these bankers are already at net zero CO2 emissions
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Not required. We can only travel 5km and get 1 hour per day to get exercise or buy essential items. If I walk or ride my bike I make better use of that 1 hour, killing two birds with one stone as the saying goes.
Anyhow I have learnt an unneeded lessons about the insanity of owning a diesel car. You see these vehicles are required by law to have a particulate filter in the exhaust system. Repeatedly driving the car less than 5km means the filter never gets a chance to get into burn mode hence is gums up with an alarm of impending doom if something is not done. So car sitting in the garage with hood up and battery on charge until the 5km limit is lifted- maybe sometime in 2021.
I am not yet halfway through my second tank of fuel for 2020 and no likelihood of it getting to a third tank this year. 20 litres a month would be an outlandish overkill in this part of Australia.
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My overall energy costs for the year are in the black. Money from solar electricity paid for gas heating and fuel for car. First year I have managed that outcome. But then I have not done much beside household chores in the whole of 2020. I guess you could call it existing.
Actually watched all 13 seasons of Heartland – 2007 to 2019 – on Netflix. Watched the young actors grow into middle age and the older actors grow into old age over a period of about 3 months. The last season was obviously cut short by Covid. It is a show that was just interesting enough to keep me awake for an hour or so after the football finished.
In the lockdown for the first wave, I watched all 5 seasons of Shitt$ Creek. It comes across as just light fluff but engaging enough with interesting characters in an interesting setting. I was surprised that it set a record for awards at this year’s Emmys. My taste may not be as bad as I thought.
Great season for AFL on the telly. A match almost every night for a couple of months.
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As can be seen! Rick is heroically trying to save the planet and does not need his 20 litres a month fuel allowance. What am I bid for his 20 litre ration? The money raised will go to a very good cause not unconnected to my own bank account.
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Up late in the evening? That’s the last thing the elite want you to do. It could lead to you reading books and educating yourself.
Vehicles? All you need is a pair of thongs to scuffle to the food queue.
As for T-shirts to keep warm, remember what one Aussie pollie advised: “if you can’t afford your electricity bill, go to bed early and cuddle your pets’.
Unfortunately, I can’t find a link for that inane suggestion.
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The good news is if we behave correctly we will get a gold star to sew onto our government issue beige tunics
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Important to keep commentary up on these situations.
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Of course there are many reasons why an individual or organisation might want to support renewables, but one that is never explored is the basic rule of investment that says the biggest profits come about through disruption. This could be due to war, recession or rapid shifts in consumer demand. Whenever money moves from one asset class to another, or from one market to another, profits arise whenever ‘my dollars’ can stay ahead of the game.
The ‘smart’ folks advising banks, investment companies and the very, very wealthy are therefore thus simply manipulating the market, creating investment opportunities by actually encouraging disruption. Give it another ten or twenty years and the real power (i.e. those with lotsa money) will be doing their utmost to wreak havoc in some other aspect of our lives, while they bet on an outcome that they themselves have ensured.
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Steve
An agricultural example from about the 1970s.
Most of the iceberg lettuce used in US came from Imperial Valley in California.
There is a Rio Grande irrigation area in New Mexico which can grow lettuce but comes in a bit later so uusually missed the market.
One farmer there optimistically planted lettuce and plowed it in numerous times.
Until the year Imperial Valley got hit by a late frost and, for about 2 weeks, he had the only lettuce available in US.
Seems he allowed after that that he mightn’t plant lettuce again for a while.
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It’s not just Blackrock, though Blackrock is the major in AGL. They have a sister company called Vanguard, who is the major shareholder in Blackrock. Blackrock is the major shareholder of Vanguard, then the next are the bankers. (these are the people who really run the shows)
Look into the boards of both, what orgs and NGO’s they sit on. Blackrock CEO of marketing is on the board of the Rocky Mountain institute.
They are either the major shareholders in all the Big Pharma or major shareholders in the company that is the major shareholder.
Blackrock were also the given Trillions of dollars by Trump to “distribute”.
How’s that swamp draining thing going.
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“Trillions” you say , while I wouldn’t be surprised if money was changing hands I’d like to see proof that Trump gave them Trillions .
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Blackrock are also handling Canada’s QE
https://www.helleniscope.com/2020/04/09/the-enormous-power-of-blackrock-handling-assets-worth-over-30-trillion
https://www.counterpunch.org/2020/04/08/blackrock-takes-command/
Federal Reserve Appoints BlackRock To Manage Corporate Debt Purchase Program
BlackRock CEO Larry Fink was appointed by the Federal Reserve to “oversee” the Federal Reserve’s $4.5 trillion slush fund for the purchase of corporate debt. But the corporation actually controls up to $27 trillion more dollars in various business sectors.
Like Joyce Nelson outlined for CounterPunch, “This much consolidated financial power may be unprecedented, but with BlackRock involved in virtually every major corporation across the planet (including the media), even BlackRock’s competitors (if that word even applies) are quiet about Fink’s appointment.” [March 24]
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The Federal Reserve is run/owned by the same bankers that are the major shareholders in Blackrock and Vanguard.
Blackrock’s board are voted by the share holders, Vanguards are placed not voted.
The bankers run every central bank in the world including the (RBA) and the bankers bank, the Bank of International Settlements (BIS).
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Potential 4.5 Trillion from the federal reserve ?
If Trump has made an executive order for this I can’t find it and neither can the MSM , the federal reserve is part of the swamp no doubt but I can’t see Trumps finger prints anywhere here .
Also that word “Potential” means to me no deal has been done at all , the rest of the Trillions have nothing to do with Trump .
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It was not an EO.
https://www.msn.com/en-us/news/politics/the-us-has-thrown-more-than-dollar6-trillion-at-the-coronavirus-crisis-that-number-could-grow/ar-BB12G4S0
In late February, the Trump administration said it planned to spend $2.5 billion to fight the coronavirus. A month and a half later, President Trump signed off on spending almost a thousand times as much — $2.35 trillion. And that amount doesn’t include the Federal Reserve’s efforts, which are harder to measure but seem likely to blow past the $4 trillion mark.
This is back in May. https://www.washingtontimes.com/news/2020/may/21/blackrock-skirts-question-about-china-climate-stan/
Fueling the pressure on BlackRock is its fiduciary role in administering the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act, prompting questions about whether the $7 trillion investment firm is treating businesses in a politically neutral manner.
10 minutes of my life I will never get back.
QE to infinity
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Ok so Trump spent 2.5 Trillion in Covid relief money and the Federal reserve spent 4 Trillion but if I’m not mistaken the Federal reserve is independent of Trump .
So all Trump did is what every other country did and handed out stimulus money but to the tune of around 2.5 Trillion, I’m not seeing anything wrong here .
As for the Federal Reserve that’s something else .
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Blackrock were also the given Trillions of dollars by Trump to “distribute”. which was my original point, which you refuted because it was not in the MSM, (Believe the MSM)
Trump signed the CARES act which authorised the Treasury to write some IOU’s. The Fed then dish’s out the coin. The Feds charter prevents it from entering the financial markets so it pushed the financial side to Blackrock but the Fed does not have over-site of the money it gives Blackrock, not that it matters as the owners of the Fed are the owners of Blackrock.
Trump signed the CARES act into existence, the Fed can’t spend until that money is bought into existence by the treasury.
Its all COVID relief money and it all had to be created from nothing by the Treasury issuing Bonds. (I think)
Yes the Fed is independent of government, the Treasury is Government.
The creature from Jekyll island, how the Fed was formed. Not bad at over an hour. seems to check out with other sources.
https://www.youtube.com/watch?v=lu_VqX6J93k
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Slight exaggeration, it’s only hundreds of billions.
01
https://twitter.com/99freemind/status/1199131138142490624
-on Vanguard and Black Rock from Amazing Polly in Ontario, Canada.
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Bankers love this ownership scam.
In the end as money becomes more inflated and worthless.
The only assets left are the endebted properties that are confiscated.
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The claim that there is “a strategy to limit global warming to 1.5 degrees” are false, insofar as that strategy could work. The falsehood is nothing to do with the numbers that would make up the 1.5C (though those are highly dubious) but the ability of policy, as enshrined in the Paris Agreement, to deliver on the global 55% reduction in global emissions relative to 2017 by 2030. In particular Article 4.1 puts a severe policy constraint on the maximum that can be achieved.
As developing countries account for >60% of current emissions & likely all the net increase through to 2030, leaving them out means the policy maths does not work.
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The Paris Agreement policy maths never worked, scams never do.
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The claim that there is “a strategy to limit global warming to 1.5 degrees” are false, insofar as that strategy could work. The falsehood is nothing to do with the numbers that would make up the 1.5C (though those are highly dubious) but the ability of policy, as enshrined in the Paris Agreement, to deliver on the global 55% reduction in global emissions relative to 2017 by 2030. In particular Article 4.1 puts a severe policy constraint on the maximum that can be achieved.
As developing countries account for >60% of current emissions & likely all the net increase through to 2030, leaving them out means the policy maths does not work.
00
So keeping the lights on is no longer any priority whatsoever. Which is what the anti coal brigade really are after…
So when the renewables are not producing at any decent level, which is 75% of the time ( Think again, 75% of the time) what is going to supply our power needs?
Black Rock are economic vandals and need to be recognised as such.
Remember that the market can be played both ways, and Black Rock have no care if the market goes up or down, or what happens to our economy, as they can always profit. Unfortunately for the rest of us we want to actually have the lights on and industries to employ our children still around…
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If I was a banker paying attention, I’d invest in companies that produce diesel powered generators.
Or, how about a startup producing backyard coal fired generators. The already low price of coal is going to crash, as will fossil fuels if the foolish green blob gets its way.
If the demand for coal and oil drops, so will their price and if Western Democracies are too driven by virtue signaling to act in their own best interests, their economies will rightfully fail. The winners will be those countries led by China that are not being bullied into destroying their own economies and countries like Russia whose science knows better and would love to see the West destroy itself. It’s all part of the nefarious plot to acheive the UNFCCC’s agenda of wealth redistribution from Western Democracies to the third world.
It’s not like this is some kind of wild right wing cons piracy theory, it’s a validated one confirmed by the words and actions of those associated with the IPCCC, the UNFCCC and many others who support radical green.
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Well Andy it’s new form of feudalism.
00
If there is one thing that Banks love more than “climate action”, the environment and ‘Global Warming’, it is Money. They will do and say anything that promotes and enables this aim and their target is your wallet.
Say after me: “Open my wallet and help yourself”!
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Follow the money trail always follow the money trail then you will know why they want to close coal fired power plants so they can rip you off and make more money.
10
It’s a longish segment, but if I put up the whole link, maybe a lot wouldn’t get down to this pertinent piece. Blackrock gets plenty of mentions. It’s from a Nexus investigation into the rise and rise of Greta.
A Climate of Fear: Capitalism Is Now in A Free Fall
“Capitalism is in crisis, says World Economic Forum founder Klaus Schwab.” — January 17, 2017, Deutsche Welle
Leading up to the January 2019 Davos gathering, a top Wall Street economist warned investors that they face a tough road ahead with global economic growth ‘now in free fall’. The current headlines read like Orson Welle’s economic version of “War of the Worlds”.
January 3, 2019, The Globe and Mail, “Global economic growth ‘now in free fall’:
“Merrill Lynch strategist Ajay Singh Kapur recently wrote that “global [economic] growth is now in a broad, deep and persistent slowdown,” creating market conditions that, I believe, will make life treacherous for commodity sectors and beyond…”
“Since August, 2017, growth in manufacturing activity has been decelerating rapidly, dragging metal prices with them.”
January 15, 2019:
“Global economic growth is slowing, including in Canada, according to new data from the Organization for Economic Co-Operation and Development (OECD).”
January 21, 2019:
IMF, CEOs Warn of Slowing World Economy on Eve of Davos Summit: “Corporate executives joined the International Monetary Fund in warning the global economy is slowing faster than expected, establishing a downbeat tone for this week’s annual meeting of the World Economic Forum.”
January 21, 2019:
“China’s 6.6% growth in 2018 is its slowest in nearly 3 decades…”
February 1, 2019:
“World’s Largest Pension Fund Loses $136 Billion in Three Months”
To the Rescue: A Politically Correct Bailout -The Climate Finance Partnership
“UNLOCKING THE INCLUSIVE GROWTH STORY OF THE 21ST CENTURY – Accelerating Climate Action in Urgent Times – This is our ‘use it or lose it’ moment. Investing the US$90 trillion to build the right infrastructure now will deliver a new era of economic growth. Investing it wisely will help drive innovation, deliver public health benefits, create a host of new jobs and go a long way to tackling the risks of runaway climate change. Getting it wrong, on the other hand, will lock us into a high-polluting, low productivity, and deeply unequal future.” — The New Climate Economy website, Executive Summary
Following the September 8, 2018 Rise for Climate mobilization (a follow-up to the People’s Climate March 2014, having been re-branded to the People’s Climate Movement in 2017), the single goal behind the accelerating climate emergency language, was finally unveiled at the September 26, 2018 One Planet Summit in New York:
“Efforts to blend capital in order to engage and mobilize large-scale institutional capital toward climate solutions took a notable step forward on September 26 at the One Planet Summit in New York, when French President Emmanuel Macron and BlackRock’s Larry Fink announced the Climate Finance Partnership (CFP). The CFP consists of a unique combination of philanthropies, governments, institutional investors, and a leading global asset manager. The parties, including BlackRock, the Governments of France and Germany, and the Hewlett, Grantham, and IKEA foundations, have committed to work together to finalize the design and structure of what we anticipate will be a flagship blended capital investment vehicle by the end of the first quarter, 2019.“
September 26, 2018, “Governments and Philanthropies Announce Ground-breaking Partnership with BlackRock to Mobilize and Deploy Climate Finance at Scale”:
“France, Germany, the Hewlett, Grantham and IKEA foundations, and asset manager BlackRock today announced the Climate Finance Partnership at the One Planet Summit in New York. The Climate Finance Partnership is an unprecedented cooperation between philanthropies, governments and private investors, which have committed to jointly developing an investment vehicle that will aim to invest in climate infrastructure in emerging markets.”
The two institutions identified as the media contacts for the above unprecedented announcement, are the European Climate Foundation and the aforementioned Climate Nexus – a lead organizer for the 2014 People’s Climate March.
On November 8, 2018, the article “The Climate Finance Partnership: Mobilizing Institutional Capital to Address the Climate Opportunity” discloses where the money will come from for the “fourth industrial revolution”, sold to the public under the guise of sustainability:
“Nowhere is the investment gap between what is needed and what is currently flowing greater and more urgent, or the opportunities more significant, than in the world’s developing and emerging markets. These economies are generally characterized by growing populations, rapidly increasing energy demand, and extraordinary infrastructure investment needs. But they also tend to have less developed capital markets and higher political and regulatory risk than their developed country counterparts. Institutional investors may therefore be partially forgiven for moving cautiously, even in the face of compelling long-term economic and demographic drivers.
A detailed analysis by the World Bank found that while $100 trillion is held by pension funds and other institutional investors, these same investors allocated less than $2 trillion over a 25 year period into infrastructure investment in emerging markets. And the fraction of that investment that could be considered green, clean, or climate-friendly was negligible.
So, what can be done? Whether you choose to look through the lens of unprecedented challenge or unprecedented opportunity, there is violent agreement that institutional capital needs to be “unlocked” (a favorite word on the climate conference circuit) and mobilized quickly and at scale.”
It is here that the accelerating “demand” for countries to align with the Paris Agreement becomes clear: “The Paris Agreement requires us to align finance flows in support for a low carbon and climate resilient development.” Note the word “requires”. What was considered non-binding one moment, conveniently becomes binding when it involves opening up the treasuries and pension plans to the our corporate overlords.
No risk, all reward. The double speak of Wall Street is deliberately opaque. Yet, in layman’s terms, these are simply high-finance words to say there is less risk in using someone else’s money other than your own:
“Blended finance, or the strategic deployment of public or other concessional capital to de-risk institutional capital investment, offers one compelling answer.” Recently, the Blended Finance Task Force, a broad-based interdisciplinary effort, finalized a comprehensive report identifying key barriers to large-scale institutional capital mobilization toward the Sustainable Development Goals, and then subsequently designed a detailed Action Program to address these barriers.” [Source]
The Blended Finance Action Taskforce is comprised of fifty icons of finance including HSBC, Credit Suisse, Citi, JP Morgan Chase, USAID, WEF –Sustainable Development Investment Partnership (SDIP), World Bank, Investec, MacArthur Foundation, Allianz, EBRD, ClimateWorks (founded by the Hewlett, Packard, and McKnight foundations) and the Rockefeller Foundation. [Full list]
“The partnership, coordinated by the Task Force on Philanthropic Innovation and the Aligned Intermediary, an investment advisory group, was designed and structured specifically to use a layer of government and philanthropic capital to maximize private capital mobilization toward climate-related sectors in emerging markets.” [Source]
And here again, is where more stark reality is faintly disclosed:
“Doing so in partnership with the world’s largest manager and its set of world-class institutional investor clients should send an important signal to fund managers and institutional investors alike that there are profits to be had in sectors and geographies where this capital has not historically deployed…
“The partnership will seek to make investments in a targeted set of sectors including renewable energy, energy efficiency, energy storage, and low-carbon and electrified transportation, across three regions including Latin America, Asia, and Africa.
Today’s climate emergency mobilization must be recognized for what it is: a strategically orchestrated campaign financed and managed by the world’s most powerful institutions – for the preservation of capitalism and global economic growth. This is the launch of a new growth industry in the Global South coupled with the creation of new and untapped markets. Leading up to this precipice, The B Team, the Open Society Foundation, Oxfam, and many others that serve as the human face of capitalism, have moved their offices to or set up new divisions in both Africa and Latin America.
Also of threat, to Western imperialism, is a burgeoning China. And to be clear – there will be no “fourth industrial revolution” for the Western ruling class – without uninterrupted and perpetual access to Africa’s bounty of rare earth minerals and metals:
“While significant progress has been made on Africa’s political and economic transformation, the continent continues to face significant challenges. Geopolitically, new economic alliances are altering traditional relationships and spheres of influence.” [Source: WEF, 2019]
The sycophantic NGOs – in servitude, indeed on the very same team as their corporate benefactors, created a literal, albeit virtual firestorm (encapsulated in the mantra “our house is on fire”) – in order to instigate a “climate revolution”. The collective energy of the West stemming from a growing societal discontent, is being captured and utilized – transcending into a new weapon of choice that will aid the further colonization of the Global South. A climate revolution in name only, this said emergency, has nothing to do with the protection of our Earth – or climate – and never will. Rather, it has everything to do with saving, protecting and expanding the capitalist economy – at the expense of our already decimated planet. And nothing more than that. This oncoming new onslaught of environmental devastation and plunder – in the name of climate revolution – will make all of modern man’s historical violence against the nature, up to this point – seem like childish prattle.
Yet none of this should come as a surprise. As the oligarchs financed, shaped and largely managed the climate movement – it’s only natural that they alone benefit from it. The power-elites repackaged our oppression as revolution and sold it back to us. By exploiting the innocent youth, which in turn exploited our emotions and fears as a collective populace, we devoured it. And soon, young Greta, and all the youth they have exploited, will be thrown under the bus. It’s all par for the course under capitalism.
+++
20
WOW – furious what a post. My take on all this is the question – when will the public stop having faith in the financial system ? With governments worldwide handing out mountains of money , how long before we all join Venezuela in hyperinflation? The west has been on a spending binge for a long time and there isn’t a politician who is talking about deficits anywhere. We appear to be heading for the cliff with the accelerator pressed to the floor…the irony is that we have arguably the best time to be human in the history of the planet.
20
Blackrock seems to be the new Enron.
Those NY W- ah B-ankers set up the previous Big Crash 2008 (and the one before that, and …)
so why should we think they learned their lesson? They failed with
We all know what happened to Enron.
I’ll just sit back, stay clear, and watch.
What will happen when the cooling locks in and it’s no longer warming?
It’s my estimate/guess the next Big Crash will be c. end of 2026, maybe but will certainly be before 2030. “The Climate Finance Partnership” sounds like a ‘new’ version of the Sub-prime mortgage’ instrument purveyors. It’s Where Have All the Flowers Gone all over again….
00
Yep, the next big crash has been set up. 2026 +/- a couple of years.
Mount your ponies, the Carousel is about to start again (if it hasn’t already).
00
Just bought a diesel generator – reckon I will need it!
10
Blackrock = Soros?
00
The only way of stopping the destructive form of opinion established science has to be a Trump election win. That would give him 4 years of not worrying about re-election. He is the only political force likely to demand an opening up of scientific debate around AGW. He also needs 4 years to call the purveyors of the Russian Hoax to task and hopefully to prison. He is the only hope for saving retirement funds, hated by the left (except for their own) because the left thrives on dependency.
A Biden win will simply destroy the US as a capitalist society and all the wealth and living standards that comes with it. That will also destroy us, losing our main source of investment capital with our now huge debt. One would imagine the defence forces would also shrink.
Science is being destroyed by ‘cancellation’ risk which forces compliance and kills debate. Latest science on the GBR from a government inquiry could find no evidence to prove a thesis, but the thesis was proven due to the preponderance of scientific opinion! That’s our politicians’ idea of science at work. It’s the standard of proof that we have our lives upended by, in law.
Australia, as in the USA, has minimal media interest in reversing this stuff, and plenty of cash around to keep pushing it for the profits. We have no politician of Trump’s ability to cast pearls of truth amongst the untruthful and who commands listening to and is willing to fight. Unless we get this stuff reversed the Democracies will fail – which is the point of the exercise, and at any cost.
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Just a heads up. BlackRock was the exclusive Covid-19 stimulus management team chosen by Trump to delegate spending priorities for the largest stimulus package in American history (Money printer go Brrrrrrrrrrrr). BlackRock is one of the dodgiest banks since BCCI. Barclay’s and HSBC, across the pond, give it a run for its money though.
All of these bloated, corrupt, unapologetical money laundering parasites, support carbon trading platforms enforced by the power of sovereign states encouraged to progressively surrender their ability to make energy and economic policy decisions to unelected global bureaucracies serving the Davos crowd and entities like the CCP.
Being a good leftist, today, means that you agree with BlackRock and Goldman Sachs. The irony of it all.
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Thank you Choroin. I was not aware of the stimulus package link. Brrrrrrrrrr indeed!
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It’s nice to find come across an article like this, that shows the author has common sense! You certainly made me think! Thanks-I hadn’t considered things from that angle otherwise. I have to share this…
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