Cover image from arstechnia.com
This writer has been known to publish tidbits in this space on the various billionaires out there and their antics when it comes to “green” energy, and not so green energy. To wit:
- George Soros bought up significant amounts of shares in both Arch Coal and Peabody Energy AFTER both stocks were significantly bankrupted by the Obama Administration’s Environmental Protection Agency and their draconian carbon emission standards.
- Patriot Coal, a spinoff from Peabody Energy, was bought up by a North Carolina leftist billionaire named Tom Clarke. Mr. Clarke has this dream of bundling coal sales with carbon credits.
- Warren Buffett was quoted as saying, “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”
These are just three examples, but this trend of truly wealthy, leftist, environmental activist Americans who just happen to be heavily invested in “renewable” energy which is HIGHLY subsidized by the federal government in order to get the product to be purchased anywhere close to market rates has not gone unnoticed. As Steve Forbes put it in a Townhall piece: Wealthy individuals including Tom Steyer and others are driving an effort to effectively “short sell” the American economy by attacking oil, natural gas and coal producers while touting the benefits of “green” energy resources that are still unreliable or are contributing minuscule amounts of power to our nation’s energy demands.
Mr. Forbes explains “short selling” in his piece for those who don’t follow the markets, but the bottom line of it, and a related article by Sharon Sebastian in American Thinker, is that the wealthy among us are in on bankrupting cheap, reliable and plentiful energy sources and companies in order to buy up the assets at a bargain, and try to foist the “green” movement on the rest of us all while bilking the people out of the more coveted sort of green – money. AND, and they aren’t the only ones.
Why did former Vice-President Al Gore repeatedly declare that he was going to become “the first global warming billionaire” — did that not pique any journalist’s curiosity as to what was behind the curtain? After losing his bid for the presidency, becoming the first global warming billionaire was Gore’s road not only to extraordinary wealth, but a guarantee of his return to global influence.
Set up to unfold was a “golden parachute” scheme that would line the pockets of a cadre of elitists and global-warming advocates long after they were displaced from their seats of power. This scheme used deceptive means to a profitable end.
Sharon Sebastian goes on to describe the scheme concocted before Barack Obama set foot in the Oval Office and then carried out under the auspices of his administration. This is partially the carbon taxing scheme that is the one place where Obama’s record prior to ascending to the presidency has some evidence of achievement:
Long in the designing, the elements were close to being in full play. The plans were drawn, the carbon-credit trading exchange, registered as the Chicago Climate Exchange (CCX), was established and set to transfer cash. A privately-owned Chicago bank was ready as a depository and for routing money transfers.
The June 16, 2009 Bloomberg article, “Sandor Got Obama’s Nod for Chicago-Style Climate Law” by Jim Efstathiou Jr., reported that a carbon-capping bill set to be imposed on American businesses was the cornerstone of Obama’s environmental agenda. Bloomberg quotes CCX founder Richard Sandor as saying that the bill began “…way, way to the left with provisions to push U.S. utilities into bankruptcy.” The article further reads: “Sandor launched the Chicago Climate Exchange, or CCX, in 2003 after getting two research grants from the Chicago-based Joyce Foundation. Obama was on the foundation that gave us the grant, Sandor said. We know him well.” CCX reportedly is now under the auspices of Environmental Financial Products which lists its Chairman and CEO as Richard Sandor.
Yes, in financial circles this information has not been hard to come by, but, as usual, the American mainstream media didn’t bother to report it.
In addition, actual scientific data is producing a steady stream of evidence that the entire idea of climate change/global warming/carbon emissions, etc., is a total and complete hoax:
- Polar ice at the south pole, over Antarctica, is INCREASING at several times the rate the glaciers are being reabsorbed into the ocean.
- There has been no appreciable global warming on the planet for a couple decades.
- NASA’s big carbon detecting satellite detected natural fluctuations in carbon levels on planet earth as cyclical.
And then there is this:
Scientific facts that Mr. Obama and his assemblage of global elitists prefer that you not know come from Edmund Contoski, an environmental consultant for more than 40 countries. In Liberty Unbound, Contoski writes: “The overwhelming majority (97%) of carbon dioxide in the Earth’s atmosphere comes from nature, not from man.” Based on scientific data, “Not only are worms contributing to the CO2 in the atmosphere,” Contoski further notes that, “volcanoes, swamps, rice paddies, fallen leaves, and even insects and bacteria alone emit ten times more carbon dioxide than all the factories and automobiles in the world. Even natural wetlands emit more greenhouse gases than all human activities combined.” Nature itself foils the environmentalists as The U.S. Department of Energy admits that once emitted that 98% of all the carbon dioxide emissions are again absorbed by nature. Contosky then queries, “Termites emit ten time more CO2 than humans, should we cap-and-tax them?”
So, why, then, are we going through this exercise of the United Nations Climate Change Conference and other assorted exercises in futility? Because the really rich people of the earth want to be richer, and they’ve figured out a way to make that happen by scaring the bejesus out of “the little people.” Control a basic commodity like energy, and you, too, can rule the world.