So much for stranded assets then.
Is there any better proof that “believing” in climate action is just a fashion statement? For all the talk of the end of fossil fuels, the biggest and most powerful funds in the world sign up for their “Net Zero” clubs but pour money into oil, gas and coal, hither thither, anyway.
The 30 biggest funds in the world manage €42.5 trillion in assets. These funds are so big, they can move markets if they want too…
Soak in that hypocrisy
Larry Fink starred at Davos and other events pontification for years on the importance of “tackling climate change”, how it’s an investment risk, and on how “climate change will upend” the way we do business, and how we need to do “long termism“. But he’s the CEO of BlackRock, the largest asset management fund in the world and they don’t mind at all they profit from all the fossil fuels. They joined the Net Zero Asset Manager Alliance, but do almost nothing. Indeed, vocalizing about what bad investments fossil fuels are while investing in them, is like a reverse pump and dump. They’re just scaring off the competition.
In 2020 BlackRock virtuously promised to sell “500 million of coal related investments.” And perhaps they did. But in a $10 Trillion dollar fund, it’s nothing.
Poor old journalists and NGO’s are flummoxed, but at least they are paying attention:
This sort of contradiction wreaks havoc with the Occupy crowd.
Climate Crisis? Fund Managers Are Sticking With Fossil Fuel
A new report alleges broken promises on the part of bankers and asset managers who just a year ago pledged to fight global warming.
Tim Quinson, Bloomberg
None of the world’s largest asset managers has definitively called on fossil-fuel companies to stop the development of new oil and gas projects.
Surely, one would think, given all the climate-conscious talk coming from Wall Street bigwigs like BlackRock Inc. Chief Executive Officer Larry Fink, that the investment industry would be using all of its muscle to press the world’s worst polluters to reduce their production of dangerous greenhouse gases.
Instead, the opposite is true.
Together, 30 of the biggest asset managers have at least $550 billion invested in oil, gas and coal companies that have expansion plans, and even more alarmingly, they continue to provide “fresh cash to companies that are ignoring climate science,” said Lara Cuvelier, sustainable investment campaigner at Reclaim Finance, a nonprofit which published a scorecard Wednesday grading investment firms on their environmental commitments.
From the report — a list of Climate Hypocrites:
Being a Net Zero Manager means doing nothing at all…
h/t to Rafe Champion
Asset managers are highly investing in fossil fuel expansion.
1. Coal: The 30 asset managers we assessed have combined holdings of US$ 82.5bn in companies involved in coal expansion as of November 2021.3 The biggest investors include BlackRock and Vanguard, which together hold US$ 60bn. The 25 asset managers with net zero pledges account for 97% of these holdings in coal expansion.
2. Oil and gas: The 30 asset managers have combined holdings of US$ 468bn as of March 2022 in 12 major oil and gas companies, which are among the biggest short-term developers in oil and gas (including in Gazprom, Saudi Aramco, BP, Shell, TotalEnergies, Chevron and Exxon).4 Exxon is the company the most supported by the asset managers, which have combined holdings of US$ 130bn in shares and bonds of the US company.
23 out of the 30 asset managers do not restrict investments in companies launching new coal projects.
It’s always about the money, except when it’s about power.
Sadly, this doesn’t seem to apply to the Big 4 woke Australian banks who apparently won’t lend money for new thermal coal projects and will cease lending for existing projects by 2030.
https://www.ft.com/content/ec29da04-6282-4e80-b5a8-a7fdbf429f0b
SEE LINK FOR REST
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When the Superannuation Guarantee Levy was introduced by Federal Labor, paid by employers into superannuation accounts for employees, the Union Movement soon established “industry super funds” and encouraged union members to sign up, and other employees via employers. Many business people at that time were worried that industry super funds would based on investment of member’s funds into publicly listed companies gain board level influence and even positions as directors on boards.
The Royal Commission conducted in recent years exposed the often poor returns for members via the SGL system, employees moved to new jobs and new funds, their old fund soon became zero as management fees were deducted from earnings and funds invested. For superannuation schemes generally financial advisers, funds made it difficult for members to manage their own investments, received fees for services and as the Royal Commission discovered, too often fees for no service, plus commissions, including hidden from fund member but deducted from their funds invested. And a whole lot more “crony capitalism” activities created to profit from superannuation investments. Many members have since received financial compensation after the Royal Commission so ordered.
The point is that access to boardrooms and to senior executives has been used to influence decisions like what is an acceptable investment and what is not, no coal mining but renewables (so called) good.
An extension to the UN influence via climate hoax that has captured governments and the representatives we elect to parliaments to look after our best interests and resulted in the transition to renewable energy, electric vehicles, others and even emissions trading schemes for profit, and carbon offsets.
Add Greens groups lobbying public companies and media, examples have been exposed of tiny lobby groups using many email addresses to bombard companies and media threatening to boycott products, to abandon media unless they stop advertising for targeted businesses, demanding media personalities stand down. In short, blackmail. One such crazy group a couple of years ago referred to themselves as “mad fuc*ing women”.
Hopefully, but I am not holding my breath, the energy crisis before the invasion by Russia of the Ukraine increased since the invasion is a wake up call for all but the greenest and woke politicians.
Even Australia refusing to sign an agreement to achieve net zero emissions by 2050, and I do understand the international pressures and politics involved, is disappointing, we have “an aspirational goal” based on new technology development and without damaging the economy, but there should not be in my opinion any such aspirational goal and future expenses. In the same perfect world Federal proposals for gas and coal fired power stations would be accepted and development approval granted by State Governments to secure future electricity supply and lower prices. There will be no mandate for EV in Australia according to the Prime Minister recently, but infrastructure for recharging will be encouraged and part funded subject to applications.
The fact is that we the people have been out manoeuvred by globalist left forces more influential than we are as voters, and of course far better organised.
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Refused to sign, then what is he talking about here?
https://www.youtube.com/watch?v=JWkPnxU-seo
Can you just jot down a couple of these new technologies, yet to be invented.
No mandate on EV’s, no mandate on vaccines either, just flaps his gums and handballs it.
Those tree’s blocking your view of the forest.
I am as yet undecided on which Muppet I want cast in this show. Could you list half a dozen achievements Smirko has done in 4 years?
I do not consider preventing a country from purchasing our wares an achievement, quite the opposite actually.
While your polishing, can you have a dig around for the fire donation money, should be easy to find as it will have another $110 million flood money keeping it company.
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Answering your deceptive comments is a waste of time however, you obviously do not understand the areas of responsibility and powers between our three levels of government, and in particular between State and Federal.
A clue, all natural disasters are the primary responsibility of the State Governments, the Federal Government does not have Emergency Services, Rural Fire Service and others front line responders. If and when assistance is requested by a State Government the Federal Government will send ADF assets.
As for financing, State Governments are responsible for appropriate compensation claim settlement and financing Local Councils to repair infrastructure such as roads and bridges.
You and others are taken in by Labor misleading politic based deception, for example, the QLD Labor Government some years ago declined from taking out natural disaster insurance and said it was too expensive or otherwise unavailable. The Morrison Federal Government decided to provide a backup support for the people and established a disaster relief payment investment fund and like the Future Fund set up by the Howard Coalition Government to pay public service pensions from revenue, the relief fund terms and conditions do not allow the funds invested to be withdrawn, only earnings and limited to a maximum withdrawal in any one year. It is a back up fund, the States still have primary responsibility for funding disaster relief and repairs.
And by the way, when the/any Prime Minister is away the Deputy Prime Minister takes over as Acting Prime Minister, as was the case in late 2019 and the bushfires, the DPM and other Federal Cabinet Ministers were available and arranged ADF assistance requested by State Government. And the DPM toured bushfire areas with State Officials.
As for net zero emissions, what I posted is factual, you asking me to detail new technologies is a rather pathetic diversionary tactic.
20
There are only two tiers of government, your continually stating three does not make it so.
I am fully aware of which of the two are responsible for emergencies. I was not calling for the PM to return as he has no experience in fire control. Abbott on the other hand would of been there, hose in one hand onion in the other.
Your another Muppet that thinks because I detest the Lib/Nat I must be a labor voter, locked in the two party paradigm. You can’t read the crowd Dennis, a major failing.
“As for net zero emissions, what I posted is factual, you asking me to detail new technologies is a rather pathetic diversionary tactic.” No Denis you posted, “Even Australia refusing to sign an agreement to achieve net zero emissions by 2050,” Slomo posted “We have adopted this net zero by 2050 goal” That’s called lying Dennis, but you Lib types can’t tell the difference anymore!
The pathetic diversionary tatic was from Smirko, ” Drive down the cost of a range of new energy technologies – bringing a
portfolio of technologies to parity is the objective of Australia’s Technology
Investment Roadmap,” I just asked you to list a couple of these technologies.
Our priorities are:
clean hydrogen
ultra low-cost solar
energy storage for firming
low emissions steel
low emissions aluminium
carbon capture and storage
soil carbon.
Steel and Aluminium refining, Scotty has all ready waved those industries good bye.
11
I thought net zero action by whenever… meant just do that: fold one’s hands and sit on them.
That’s doing nothing.
Well, he’s confident that he’s going to get weather as usual to acheive all those loverly goals.
Obviously he’s not heard of the Eddy Minimum (the Grand Solar Minimum) the sun has taken us into. This is going to be Interesting Times. Very Interesting Times indeed.
What all these Wallies don’t realise is the plant life (aka as our food) is living in a food shortage. We should be burning carbon-rich fuels to raise the CO2 content of our atmosphere to provide better for our plants, not continue to starve them. And definitely not to remove CO2 from the atmosphere. 900 to 1100 ppm for our food, I would regard as a great fit.
20
Dennis from marketing.
Prime Minister Scott Morrison and Minister for Industry, Energy and Emissions Reduction Angus Taylor today released Australia’s Long Term Emissions Reduction Plan (the Plan), to deliver net zero emissions by 2050.
Over the next decade, our existing $20 billion investment in low emissions technology is expected to unlock at least $80 billion of total private and public investment, including in clean hydrogen, carbon capture and storage and energy storage.
“The Plan will deliver results through technology, not taxes. It respects people’s choice, and will not force mandates on what people can do or buy.
Lets look at what they have done regarding mandates for fake vaccines!
https://www.industry.gov.au/sites/default/files/October%202021/document/australias-long-term-emissions-reduction-plan.pdf
Disclaimer
The Australian Government as represented by the Department of Industry, Science, Energy and Resources has exercised
due care and skill in the preparation and compilation of the information and data in this publication. Notwithstanding, the
Commonwealth of Australia, its officers, employees, or agents disclaim any liability, including liability for negligence, loss
howsoever caused, damage, injury, expense or cost incurred by any person as a result of accessing, using or relying upon
any of the information or data in this publication to the maximum extent permitted by law. No representation expressed or
implied is made as to the currency, accuracy, reliability or completeness of the information contained in this publication. The
reader should rely on their own inquiries to independently confirm the information and comment on which they intend to act.
We have adopted this net zero by 2050 goal because practical global action on
climate change is in Australia’s national interest, and we must play our part.
Carbon capture and storage (CCS)
CCS (Section 2.3.5) can help decarbonise industrial sectors including steel, cement
and natural gas. It can also provide a pathway to produce clean hydrogen using
natural gas or coal.
In the future, CCS coupled with bioenergy or direct air capture technologies will likely
play an important role in drawing carbon from the atmosphere. This will help achieve
the Paris Agreement temperature goals.
130 pages of drivel. Just throw other peoples money at it.
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An “aspirational goal” not a signed and ratified Agreement committing Australia.
And your comments are laughable considering the UN IPCC expressions of frustration and anger ever since COP26 Glasgow ended, even renewed threats of retaliation by downgrading the Great Barrier Reef status which would impact adversely on QLD tourism and therefore our nation as a whole.
Why the frustration, isn’t that obvious? The refusal by our Prime Minister and Government he leads to ban coal and exports, to increase the Paris Agreement emissions target and bring back the target date from 2030 to 2025, and worst of all refusal to commit to net zero by signing an Agreement.
Maybe you don’t understand international politics, our dependence on export trade and the foreign affairs relationships, defence relationships and support, etc?
On short, Australia is not in a position to walk away, but our PM and Cabinet found a way to manoeuvre around the minefield successfully, well subject to whatever retaliation the UN can get away with if they are game to try, but that is part of the politics.
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Here is the government commissioned “King report”
Slomo has agreed with 21 of the 27 recommendations.
Naa we signed nothing, but we’re doing it anyway.
10
You really don’t get it, fair enough, some of us follow current affairs and politics and others are indoctrinated to be parrots.
10
Oh I get it, spin, such as “aspirational goals”.
Some of you also believe everything your told.
The reef is fine, the tourist industry is dead. Christmas hotel occupancy rate for Cairns, 52% normally 100%. Easter 80% normally 100%. 2 weeks every three months is not a prosperity driver.
The few remaining tour operators survive on sit down money. 4% unemployment yet 20% of small business closed over the last two years, which employ 60% of the work force. Spin from the spin doctor.
Parrots repeat phrases continuously Dennis, but can’t answer questions. Dennis want a cracker?
Why do you never answer the questions.
Put the sitting member last is my plan this election, this does not mean I will be putting the opposite member first, they will be second last.
Those parties or persons that have spoken up about our rights will be at the top.
Why has this not been mentioned by any major party, because they are all in this together.
10
Maybe it’s not a problem. The asset managers on the above list said the same thing but are still invested. So even the though the “big 4” claim they won’t lend by 2030/2035 it’s probably just PR.
50
Well if the current Big 4 won’t invest in Australia’s competitive advantage then they will become the Forgotten 4. Perhaps Balckrock need to open a bank here, they’d clean up … pardon the pun.
00
As reported by todays News.com. Climate analysts have a new model that predicts China will use significantly less coal in the future and thus exports from Australia will possibly drop by up to 45% over the next few years. This prediction is based on Chinas “rapid: plans to decarbonise the economy and better infrastructure to move their own coal around. As a result investing in Australian coal is not looking good. Wow, models that can now predict CCP thoughts and directions, I goota get one of these models for next weks lotto numbers.
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The Chinese aren’t stupid. They will use for reliable energy whatever makes sense which is coal (ten million tonnes per day), gas, nuclear and hydro. Any concession they make for random output solar and wind projects is for show purposes only.
Meanwhile they laugh at how the Green woke West is destroying itself to China’s benefit.
Incidentally, apart from electricity, the other objective of China’s hydro program and activities in Tibet is to gain control of most of SE Asia’s and South Asia’s water supply. But few complain about that, and certainly not the Left.
https://asia.nikkei.com/Opinion/China-is-weaponizing-water-and-worsening-droughts-in-Asia
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David mentions this: (my bolding here)
Sometimes, something like this is difficult to believe.
A large coal fired power plant, with a Nameplate of 2000MW PLUS will consume between 10,000 and 15,000 Tons of coal each day. That’s to operate four large Units of 640MW each.
For those plants not sited at the actual coal mine itself, most of them have their coal brought to the Plant site by rail. Here in Australia, each coal train has five locomotives hauling 100 coal hoppers. Each hopper holds 100 tonnes of coal, hence each trainload brings in 10,000 tonnes of coal, and most of those large plants get two deliveries a day.
When we lived at Blackwater in Central Queensland for one year, you’d see these trains along the track between Blackwater and Rockhampton, on their way to the coal loading Port at Gladstone. There would be a coal train every fifteen to twenty minutes, 24 hours a day, 365 days a year. Each train would be around a kilometre long. Two of those Diesel Electric Locomotives at the front and three in the middle.
So, where David mentions that China is consuming ten million tonnes of coal each and every day, that’s not just hyperbole. (or, umm should that be hyperbowl)
Tony.
290
A bit like the Russians years ago provided funds to green groups to protest against local oil and gas projects in the UK and EU. Stop fracking etc in England. Was very effective, because now those European countries are dependent on the Russkies. What’s the bet the CCP is behind this new “model”? Would lead to supply countries like Australia worrying about coal exports and then more likely to do cheap deals with the Chinese.” Hey Aussies, we at China would love a 50 year supply deal, but only at 1/2 of present coal prices”.
70
John Howard already did something like that when he was behind the giveaway of most of Australia’s NW Shelf gas supply at rock bottom prices, barely above the cost of production, on a 30 year contract. And even worse, the genius who wrote the contract, by design or through incompetence, forgot to include any provision for inflation or market prices.
https://www.smh.com.au/opinion/how-australia-blew-its-future-gas-supplies-20170928-gyqg0f.html
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Yes, don’t remind me. It was back in the time we were all a bit gullible about China. It was when all our ag exporting industries were falling over each other to supply product to the CCP/China. Dairy exports being the most stupid. Somehow they thought the Chinese couldn’t learn how to milk cows!! They suck you in, then spit you out.
80
G’day S,
There’s a story in Today’s SMH about China and its coal. An extract:
” One of China’s new rail lines, the Haijo coal railway, was commissioned in 2014 and completed in 2019, linking coal fields of Inner Mongolia with central China’s heartland. It can move 200 million tonnes of coal a year, which is equivalent to all of China’s thermal coal imports, or all of Australia’s global thermal coal exports. ”
Cheers
Dave B
10
Most of the green leadership continue to use fossil fuels also, as evidenced by their extensive use of private jets flying to climate conferences…
https://www.forbes.com/sites/oliverwilliams1/2021/11/05/118-private-jets-take-leaders-to-cop26-climate-summit-burning-over-1000-tons-of-co2/
118 Private Jets Take Leaders To COP26 Climate Summit Burning Over 1,000 Tons Of CO2
Ollie A Williams
Nov 5, 2021,07:08am EDT
SEE LINK FOR REST
170
A similar review of Australia Superannuation Funds would be interesting. They just love to signal their ESG credentials.
130
Happily the big fossil fuel profits now ongoing will only boost this welcome hypocrisy. Greenmania hitting the wall of reality?
212
Perhaps they have figured out that without fossil fuels, western civilisation collapses… taking them with it. !
190
That’s the plan!
120
Great Guide to which Funds to avoid as they head for bankruptcy.
90
AGAIN here’s the data for global Human c02 emissions from 1970 to 2018.
Note that we’re looking at the greatest con trick and fra-d in history and yet the con merchants still insist we must believe their lunacy.
In fact the “other countries” + China and India’s co2 emissions have soared since Dr Hansen’s crazy talk in 1988.
In fact the combined USA + EU co2 emissions haven’t risen since 1970.
Why don’t our so called scientists, pollies and MSM tell us the truth?
Africa’s population has increased by over 1000 million ( now 1400 mil) people since 1970 and soon their people will demand more reliable BASE-LOAD energy like coal, gas, nuclear or hydro.
And China has until 2060 and India until 2070 before they might consider reducing their co2 emissions. Look up the Glasgow COP 26 clown show.
https://upload.wikimedia.org/wikipedia/commons/1/15/World_fossil_carbon_dioxide_emissions_six_top_countries_and_confederations.png
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Doesn’t matter if its Net Zero “Carbon” or Covid, there is no risk analysis that has been done. The endless pursuit of Covid Zero only produces unbalanced public health outcomes. Same for the endless pursuit of reduced emissions- all it does is lead to unbalanced economic outcomes.
60
A remarkable graph. It should be posted EVERYWHERE.
(Note, it’s Wikimedia so not copyright. It can be reproduced anywhere with appropriate acknowledgement.)
60
Except the climate catastrophists will use it to attack those companies that are not following their virtue-seeking demands.
50
Here is the data source for that remarkable graph, from the page that hosts the graph.
English: World fossil carbon dioxide emissions 1970 to 2018, with the six top emitting countries and confederations. Data source: EDGAR – Emissions database for Global Atmospheric Research. Published in: Crippa, M., Oreggioni, G., Guizzardi, D., Muntean, M., Schaaf, E., Lo Vullo, E., Solazzo, E., Monforti-Ferrario, F., Olivier, J.G.J., Vignati, E., Fossil CO2 and GHG emissions of all world countries – 2019 Report, EUR 29849 EN, Publications Office of the European Union, Luxembourg, ISBN 978-92-76-11100-9, doi:10.2760/687800, JRC117610, September 2019.
Date 4 October 2019
Source Own work
30
It would be interesting to calculate the cost every year to electricity consumers on individual accounts (bills) for the $7 billion a year being paid on behalf of taxpayers who are of course the electricity market customers.
People were upset by the Labor carbon tax and renewable energy surcharge of 10 per cent each on our electricity bills, plus GST 10 per cent, before the Abbott Coalition abolished those taxes and managed to lower the Renewable Energy Target (RET) with subsidy a little and so they would be knowing their share of the $7 billion a year.
50
The Morrison Coalition Government has set the end timing for RET and subsidies at 2030, that was done in 2019/20 financial year.
51
Well done Dennis, you keep flying the flag for Morrison and the LNP. But, there’s a but coming. But, why don’t the LNP and Morrison articulate that fact to the population? If you ask 10 previous LNP voters probably 9 would say that Morrison is hell bent on Carbon Zero and that all FF will be replaced by renewables. Guided by the LNP/Scomo. You could frame that policy to the public very easily and probably obtain net votes in their favour. But all I hear about is Angus Taylor gallivanting around the country spending hundreds of millions of $ on crazy green energy projects.
90
Maybe a better question is why don’t media people explain the facts in full?
We know that ABC and other left leaning media rarely report on Coalition achievements or report in a less than positive manner. But even more conservative media annoy me when they fail to explain “an aspirational goal” for net zero emissions, based on new technology being developed and with no damage to the economy. Yes, Australia is working on a net zero result but with no commitment and related exposure to economic prosperity decline resulting.
12
I’m not sure we can always blame the media. Sometimes you have to look at the original messaging. It needs to be explained in simple terms. Are the Coalition (note how the word Coal is actually in the name?!!!!!) trying to be too clever? Trying to too hard to cosy up to potential Green crossover votes but in the end just alienating their base. I’m pretty convinced that all they are doing is alienating their middle of the road/ slightly centre right voters. Those ones that voted for Howard years ago. Next election they will park their votes with PHON, UAP or Lib Dems and I don’t think they give a toss if it causes political chaos in Canberra.
20
Also, I am on Twitter. It’s mostly sewage but occasionally you do actually pick up good info. (Depends on who you follow) I follow both Morrison and Taylor twitter feed. Not once, never, has either of them articulated what you said at #10.1.
10
And even more interesting, into whose pockets does the money go?
40
I wasted 1 hour watching the debate last night and the delusional Albo clown stated that extreme weather events and everything else were getting worse and so we must TAKE ACTION on their climate change.
He raved about how we could turn it all around by changing to clean, cheap energy like S & W ( actually very expensive and TOXIC) and of course EVs.
I’m sure China and Russia will be pleased and will be hoping for an ALP, Greens victory next month.
230
Don’t you worry about that, soon batteries will be all that is needed.
/sarc.
170
“Don’t you worry about that, soon batteries will be all that is needed.”
Mercedes has this covered with their AA Class vehicle:
https://www.nbc.com/saturday-night-live/video/new-mercedes/3021121
10
I assume Alba-sleazy posted a data source proving extreme weather events were getting worse…?
90
Here’s a link with nots of data sources.
https://wattsupwiththat.com/2022/04/20/2021-state-of-the-climate-report-empirical-observations-show-no-sign-of-climate-crisis-snow-cover-stable-sea-ice-levels-recovering-no-change-in-storm-activity/
30
nots –> lots
30
As the Western Australian newspaper front cover reported, he wouldn’t know his RCE from his Albo.
10
This is brilliant: thank you D.
The placement of hard won super money into dead end investments is cruel and evil.
https://joannenova.com.au/2022/04/naughty-worlds-30-biggest-funds-go-net-zero-but-invest-550-billion-in-oil-gas-coal-anyhow/#comment-2540376
71
That link is a link to this page. Was that the intention?
20
He has adopted the current Liberal policy of going around in circles.
I would mention a dog chasing his tail but at least that amuses the dog.
30
Woooff.
I identify as a male dog.
Just for this morning.
00
Yes.
00
German Govt Release Inflation Data, Hyper Production Inflation Surpasses 30 Percent, Highest Rate Since 1949
The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories. [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
Germany is the largest economy in the European Union. This level of inflation within Germany has major ramifications.
First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products. There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient. Germany is dependent on Russian energy.
Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance. In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness. The U.S. proxy war against Russia does not benefit Germany, at all.
Third, as a result of the first two points, Volodymyr Zelenskyy will be even more mad than he was yesterday. Additionally, the German position makes Biden more vulnerable because it forces the U.S. to take a bigger public footprint on the entire operation. This explains why the people in the background of the White House are saying Ron Klain needs to quickly extricate Biden from his unilateral focus on Ukraine.
If the White House doesn’t cut Zelenskyy loose soon, the anchor of fail Ukraine represents will further sink Biden. Sooner or later the White House, Administrative Deep State, Dept of State and Intelligence apparatus along with the total foreign policy establishment and all the politicians who benefit financially from their use of Ukraine, are going to have to give up.
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US Doesn’t Know What Happens to Weapons Sent to Ukraine
Without U.S. troops in Ukraine, tracking the use of lethal aid to Ukraine amid Russia’s invasion has shortcomings, including relying on the very beneficiary that would be inclined to keep asking for more.
How the anti-tank, anti-aircraft, and other weaponry are being used by Ukraine is going to be a bit of an unknown, but it will not stop the Biden administration from supplying those amid war, sources tell CNN.
“We have fidelity for a short time, but when it enters the fog of war, we have almost zero,” a source told CNN. “It drops into a big black hole, and you have almost no sense of it at all after a short period of time.
90
I’m beginning to think that Net Zero is the IQ of Australia’s “Pollies”………………….
190
Yes John, but remember that Net Zero is still a future target. The nations politicians and public serpents are leading the way.
40
dont be too harsh, apparently they are our best and brightest from the leadership pool. Where does that leave us mere mortals?
10
Blackouts Occur When Green Energy Fails
Previews of what will happen when green energy fails are popping up all over the world. It’s not a pretty picture of the future.
Lessons from California, Texas, Europe, and Australia show that if the “Keep it in the ground” movement succeeds in stopping the use of fossil fuels, the world is worse off.
In 2021, I experienced firsthand the dangers of over reliance on wind and solar energy. Although there was plenty of blame to go around when the Texas power supply failed across much of the state during a bout of extreme cold weather that winter, the replacement of reliable coal-fueled power plants with industrial wind facilities bore the lion’s share of the blame. Driven almost entirely by politics, not market demand, wind and solar power now account for approximately 28 percent of Texas’ electric power supply.
California has the distinction of having simultaneously the nation’s worst air quality, among the highest gasoline and electric power prices, the most electricity generated by renewable sources, and the least-reliable electric power grid. The latter three points are a direct result of California’s green energy mandates.
Likewise, Europe has suffered from massive power outages in recent years.
Commenting on Europe’s ongoing energy debacle, Ralph Schoellhammer, an assistant professor of international relations at Webster Vienna Private University in Vienna, toldNewsweek,“The current energy transformation in Europe is probably the greatest geopolitical blunder since World War II, the last time when misguided ideologies plunged millions of people into what can justifiably be called the darkest period of human history.”
160
Here’s a list of some groups like EU and countries plus or minus co2 emissions since 1990 and up to 2017.
World plus +63.5%
China plus +353.8%
USA plus + 0.4% and way below after population increase since 1990 is taken into account.
EU minus -19.5% So what and the Putin swine has now proved it’s all for NOTHING.
India plus + 305%
NZ plus 53.3% yet just 0.1% OF GLOBAL EMISSIONS, but their PMs a big yapper about climate change but even a country blessed with natural hot thermal plus hydro finds it very hard to reduce their co2 emissions.
Australia plus + 46.1% and about the same as our increase in population since 1990. Who cares and of course Aussies are net zero anyway and also the entire SH. See CSIRO Cape Grim data.
https://en.wikipedia.org/wiki/List_of_countries_by_carbon_dioxide_emissions
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A good point regarding Australia, we exceeded our UN IPCC Kyoto Agreement emissions target and were one of the very few signatory nations that did even achieve the target.
And now well on track to achieve Paris Agreement target by 2030.
But our economy is growing right now at 3.5% GDP and the OECD this week predicted GDP growth of 4.1% in the near future.
I understand that IF net zero emissions is possible, with yet to be created new technology and existing iniatives, and with no damage to the economy, that Kyoto and Paris results are worth considering as a guide.
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While the rest of us will be required to do the heavy lifting to implement Net Zero targets, the WEF globalist elites will live lavishly using fossil fuels for their own exclusive lifestyles.
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I strongly suspect that the energy crisis overseas, UK, EU, US and others, will soon persuade Australian politicians to change course, and adding to the evidence for change is the invasion of the Ukraine by Russia.
Given all the evidence that overturns the climate hoax modelling and tipping point goal movements, and the admissions that climate change is really about wrecking the capitalist system (free enterprise private sector), this farce surely cannot continue for much longer.
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Journalists won’t do research or ask questions about global warming claims, so I will do their job for them
Everywhere you go, you hear about global warming.
It’s a fake idea not supported by science. And the press is the biggest perpetrator of the false claims, never bothering to ask questions when presented with looney claims. They are going to wreck the country if they can’t stop repeating this phony narrative. So I will do their job for them.
The following is historical scientific data that is not shown to the public by the media and government officials. The reason the public is not shown actual scientific data, instead of computer models made up predictions, is because it would demolish the fabricated theory that humans and fossil fuel consumption are causing temperatures and sea levels to rise rapidly, are destroying the planet, and are an existential threat to our survival. It is pure fraud!
There have been several warming and cooling periods throughout history.
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Almost 50 Years Ago, Soylent Green Portrayed a Grim Future for 2022
In anticipation of Earth Day 2022, it is a good time to reflect on the upcoming 50th anniversary of the release of the eco-apocalypse movie Soylent Green:
It’s the year 2022. Cumulative effects of overpopulation, pollution, and “climate catastrophe” have caused severe worldwide shortages of food, water, and housing. Scientists confirm oceanographic reports saying the oceans are dying. The food chain is disrupted. Food is becoming scarce, and the temperature is so hot that heatwaves have become year-round thanks to climate change aka “global warming.”
Homeless people are everywhere; only half the workforce is employed while the other half is barely making it. Many people are illiterate and few factories are producing new goods.
The homes of the elite are barricaded, with private security. Only the elite can afford air conditioning. Strawberries are now a delicacy at $75 a quart. The situation with food has gotten so bad that people are being harvested off the streets and “recycled protein” is being distributed to the population.
The movie Soylent Green was produced and filmed in 1972 and released in 1973. It is a futuristic tale of doom, describing life in the year 2022.
We are living in that year, and things aren’t anywhere near as bad as the movie portrayed. While some of the items it touched on (self-inflicted thanks to COVID-19, green energy policy, inflation) might be considered climate-caused by “climate activists,” the climate itself is not a catastrophe when you look at real-world data.
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In reply to David Maddison above at 9.00 am.
David it’s the greatest puzzle of all that nobody bothers to actually quote the data or even look it up since 1988 or whenever.
The GLOBAL deaths from extreme weather events have dropped by 97% since the 1920s, but who cares?
It just proves AGAIN that Humans are the masters of ADAPTATION and have been for thousands of years. I hope this OWI Data link works, but just shows GDP per capita over the last 2000 years.
Note almost vertical rise in the graph for the last 200 years, thanks to the UK and the Industrial Revolution plus those terrible fossil fuels SARC. Aussies are above most of the wealthiest countries shown and just under USA.
https://ourworldindata.org/grapher/gdp-per-capita-maddison-2020?country=IDN~ARG~KOR~FRA~GBR~USA~AUT~IND~CHN
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Is Austria mislabelled?
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No Serp it is Austria, but I should’ve shown the link with Australia included and it is higher than all the others shown, but just below the USA.
But if the Albo loony and his Green comrades take over next month all bets are definitely off.
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Australia now has a ‘serious national security problem’ with fuel supply, as report warns we only have 68 days of reserves
Australia now has a “serious national security problem” when it comes to fuel supply, with a report revealing how bad the situation is.
The situation was already precarious for Australia, but now new research by The Australia Institute has revealed we have only increased our reliance on imported transport fuels in recent years.
Now, it says Australia is reliant on imports for around 91 per cent of its fuel consumption — meaning the big oil producing nations, quite literally, have us over a barrel.
Just 68 days of fuel in the tank
Worryingly, the report states that Australia only has 68 days of liquid fuel to keep us going if we’re cut off — despite International Energy Agency (IEA) guidelines requiring us to hold 90 net import days worth.
However, the average daily consumption over the last year means current stocks are expected to last just 32 days.
“The Australian Government tries to bolster this by including some 21 days of fuel in transit to Australia or on-board ships docked in foreign ports – the majority of which are foreign vessels,” the report states.
“There is no guarantee that this fuel would reach Australia in the event of a crisis.”
If Australia needed to access US-based fuel reserves, the fuel would take around three weeks to get to Australia, the report states.
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Bruce of Newcastle says:
April 21, 2022 at 11:31 am
The situation was already precarious for Australia, but now new research by The Australia Institute has revealed we have only increased our reliance on imported transport fuels in recent years.
Wow, if even our favouritest nutty climate think tank has worked out we have a problem then it must be worse than we thought. Maybe we should electrify everything for Gaia, like the Poms.
Energy crisis: State pension warning as millions of Britons face ‘devastating’ blow (21 Apr)
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And that would not be a fuel reserve, but an oil reserve, which would then need to be refined and turned into product and distributed. Assuming one still had functioning Refineries.
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If the biggest funds are making money from fossil fuels and using their influence to make everyone else divest then their motives are obvious . They probably have a controlling interest in every media outlet social or MSM . They are steering the worlds economies off a cliff so that they can pick up the pieces at bargain prices . A more cynical bunch of greedy illegitimate children would be hard to find…
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There is, of course, absolutely no scientific or rational reason why anyone would want to divest from fossil fuels.
Fossil fuels are the backbone of all western civilisations.
It is very obvious that the CO2 warming conjecture is a total farce, a huge con/scam. !
Cooling since the last big El Nino.
No warming between 1998 and 2015 El Nino.
No changes in extreme weather.
No evidence of CO2-based warming anywhere. !
UK has actually been cooling since 1989
https://notrickszone.com/2022/04/20/march-mean-temperature-data-for-uk-ireland-show-no-early-spring-trend-taking-place-stable-since-decades/
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Average temp for March 6.8 deg C, their worried about warming?
https://www.metoffice.gov.uk/pub/data/weather/uk/climate/actualmonthly/3/Tmean/UK.gif
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they’re
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Yup
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The NZAMI commitment is listed here
It talks about 2030 and 2050 not 2022
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Compulsory “superannuation” is one of the biggest scams ever perpetrated on the public. Lobbied for by the funds … and fully supported by big government because it means that there are fewer parties to wrangle and the “savings” being invested largely follow those of government policy. Those producing the wealth are stripped of the decision of how to save and/or invest their earnings.
Attempting to run a SMSF is fraught with bureaucracy and expense. It’s not sufficient to just put the compulsory “contribution” into a trust fund. It must be administered. monitored and TAXED. The mandated parasites on wealth have an insatiable hunger.
Imagine if there were no compulsion and individuals were paid the allocation: They could make smart choices like paying off mortgages more quickly, without the inflationary effect of an equivalent pay rise.
A clever country shouldn’t need government to manage the purse strings of individuals. Governments have enough trouble managing their own.
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As a system I think it works fairly well.
People arent stripped of the decision of how to invest their funds at all, there is quite granular control if you choose to accept it. It is less than total freedom however the intent is to preserve funds for retirement. Given median IQ I think that is a reasonable approach, and if you want to do something else go SMSF which isnt the minefield you make it out to be.
Its a different approach , a bit like our gun laws. Imperfect but workable.
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I suspect, but do not intend to provide documentation, that large investment firms have purchased shares of many companies because “indexers” provide a specified basket of underlying investments that the firm must own if they promote a fund as such. Say the S & P 500 is offered as a fund. That index has 500 companies and any investment firm that uses this must own shares in all 500. In 2020 there was $5.4 trillion tied to this index.
The investment firms — maybe all 30 on the list — might have to substantially change their business if “net zero” was a goal.
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BTW just trying to embed that OWI data graph again with Australia included this time.
Just add that I’m totally clueless online and about computers, but just see if this works or not.
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Sorry just another stuff up, but here goes another way.
I’ve yet to have my first computer lesson and it shows. Hope that Australia is included this time.
https://ourworldindata.org/grapher/gdp-per-capita-maddison-2020?country=IDN~ARG~KOR~FRA~GBR~USA~AUT~IND~CHN~AUS
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Energy crisis: State pension warning as millions of Britons face ‘devastating’ blow
PENSIONERS are unable to afford the “bare essentials of life”, rights groups have warned, as soaring energy prices are predicted to remain well above average for the next decade.
New research released on Wednesday revealed that energy prices in Great Britain are expected to remain significantly above average until 2030. The analysis has sparked concerns that the most vulnerable people in society, including older people reliant on fixed incomes, will be faced with impossible decisions to survive.
Analysis from Cornwall Insight showed that energy prices will remain in excess of £100/MWh annually for the next decade and possibly beyond. The highs are well above the previous five-year pre-2021 average of £50/MWh in Winter and the even lower prices in pre-2021 Summer.
Although forecasters predict prices may temporarily drop from the all-time highs seen in recent months, they will remain high and likely hike beyond the record levels seen in the coming years.
Tom Edwards, senior modeller at Cornwall Insight, said: “While we are used to seeing headlines depicting energy prices at an all-time high, unfortunately, while prices will reduce, our modelling shows that pre-2021 prices are not making a comeback this decade and likely beyond.
“Rising EU demand for non-Russian gas has pushed up gas prices across the world, and these higher prices have increased production costs for power, with gas set to remain the marginal fuel source for producing power throughout the remainder of the 2020s.
“With all Great Britain coal capacity due to close by April 2024 and many nuclear power stations coming to the end of their lives, high power prices will continue to feed through into consumer bills.”
The latest news has prompted widespread concern that Britons currently grappling with an unprecedented cost of living crisis, including mammoth fuel bills, rising food prices and record inflation, will be unable to cope.
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Great video about future energy needs.
https://notalotofpeopleknowthat.wordpress.com/2022/04/20/how-much-energy-will-the-world-need/
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I rarely see the massive global ‘climate change’ investment vehicle linked below mentioned, let alone making a list as highlighted in Rafe’s post. What am I missing?
https://www.iigcc.org/
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1. Follow the money.
2. Follow the “spillage”.
3. Follow the political influence “deals”
4. Follow, (if you feel game), the interesting “international” influence operations.
ALL are inextricably intertwined.
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“Go woke – go broke.”
Perhaps we do not need to worry quite so much about our pension fund investments!
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