Archive for the ‘Accountability’ Category


The UK electricity system’s so-called transition to renewables hits yet another bump in the road. The dream of guaranteed income was just an expensive illusion.
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One of the country’s largest solar farm owners has entered administration amid the fallout from a scandal that forced an Essex council leader to resign, reports The Guardian.

Administrators at Interpath Advisory have been appointed to Toucan Energy Holdings, which owns a portfolio of 53 solar parks with a combined capacity of 513 megawatts across England, Wales and Northern Ireland.

A recent investigation by the Bureau of Investigative Journalism found that Thurrock council in Essex, Toucan’s main creditor, borrowed hundreds of millions of pounds to invest in the solar farm scheme run by globetrotting financier Liam Kavanagh.

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Biomass on the move [image credit: Drax]


These allegations have been ongoing for years. ‘Renewable’ trees during a supposed climate emergency – how does that work? Maybe the end game is approaching, or more likely some fudge will emerge.
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A power station accused of “greenwashing” which is handed £2.4 million in government subsidies every day must justify its environmental claims, the OECD has said.

Drax’s claim that it generates “carbon neutral” electricity by burning wood is being examined over allegations that it misleads consumers in breach of guidelines set down by governments across the world, reports The Telegraph.

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Back in May we reported on the suspension of Stuart Kirk, who dropped some truth bombs about climate finance at a Times newspaper conference. Stuart has now resigned his post, and issued this statement:

Today I wish to announce that I have resigned as global head of responsible investing at HSBC Asset Management.

Ironically given my job title, I have concluded that the bank’s behaviour towards me since my speech at a Financial Times conference in May has made my position, well, unsustainable.

Funny old world.

Over a 27-year unblemished record in finance, journalism and consulting I have only ever tried to do the best for my clients and readers, knowing that doing so helps my employer too.

Investing is hard. So is saving our planet. Opinions on both differ. But humanity’s best chance of success is open and honest debate. If companies believe in diversity and speaking up, they need to walk the talk. A cancel culture destroys wealth and progress.

There is no place for virtue signalling in finance. Likewise as a writer, researcher and investor, I know that words or trading shares can only achieve so much. True impact comes from the combination of real-world action and innovative solutions.

Which is why I’ve been gathering a crack group of like-minded individuals together to deliver what is arguably the greatest sustainable investment idea ever conceived. A whole new asset class. Sounds fanciful – but I am not one for hyperbole, as viewers of my presentation know well.

To be announced later this year, the first project will underline the central argument in my speech: that human ingenuity can and will overcome the challenges ahead, while at the same time offering huge investment opportunities.

Meanwhile, I will continue to prod with a sharp stick the nonsense, hypocrisy, sloppy logic and group-think inside the mainstream bubble of sustainable finance. Follow me on LinkedIn if you want to learn the right way to think about ESG – and let me tell you, most of what’s out there is bonkers.

Finally, can I take this opportunity to thank the tens of thousands of people – from chief executives and congressmen to scientists and mom and pop investors – who contacted me from around the world offering their support and solidarity over the past two months.

You have given me strength during what has been a tumultuous time for me and my family. It is for you that the next chapter in my career will be devoted. Please forward this to anyone you know who cares about money and planet earth.

Stuart

Verdict [image credit: coindesk.com]


Democracy overseeing the flow of EPA climate edicts? A ‘huge blow’, say alarmists, as over-the-top reactions from some of the usual suspects pour in.
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This means Congress will now have to pass off on any climate regulations, says Energy Live News.

In what’s been considered a blow to climate mitigation in the US, the Supreme Court has ruled against the Environmental Protection Agency (EPA).

This means the EPA will now be limited in how it can regulate greenhouse gas (GHG) emissions and help stave off global warming in the country.

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Plans to keep 1,2 or maybe 3 coal-fired power stations on standby over winter look somewhat threadbare for a population of around 70 million, as the gas crisis rages on. Meanwhile politicians cling to their climate saver fantasies.
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London, 15 June – Net Zero Watch is calling on Boris Johnson to stop dithering on UK shale gas, in the face of a sharp intensification of Britain’s energy crisis.

In recent days, UK natural gas prices have risen 25% in response to a fire at a major US LNG facility, which will severely reduce the supply for many months to come.

In addition, political turmoil has caused Libyan production to almost grind to a halt while Russia has announced to curtail gas exports to Europe.

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Looking the other way?


Serial offenders in climate reporting at the BBC get called out. Their own charter demands impartiality, but that got buried years ago on this topic at least, along with many of the subsequent complaints from the public.
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The report, compiled by climate researcher Paul Homewood, reveals that the BBC has been forced to correct a dozen false claims and other items of fake news in climate-related coverage after receiving public complaints in recent years, says Net Zero Watch.

The report, which has been submitted to the Government’s upcoming Mid-Term Review of the BBC, shows that it has become common practice for BBC reporters to publicise exaggerated and often misleading weather-and climate-related stories in order to hype up the potential risks from global warming.

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One in the eye for wind farm racketeers.

STOP THESE THINGS

In a world-first, neighbours tormented by wind turbine noise have won a landmark victory, forcing the operator to shut down all of its turbines at night-time.

Yesterday, Justice Melinda Richards of the Victorian Supreme Court slapped an injunction on a wind farm because the noise it generates has been driving neighbours nuts for seven years, and the operator has done absolutely nothing about their suffering.

Her Honour also ordered damages, including aggravated damages for the high-handed way in which the operator has treated its victims. Since March 2015, the community surrounding the Bald Hills wind farm have been tortured by low-frequency noise and infrasound generated by 52, 2 MW Senvion MM92s.

Neighbours started complaining to the operator about noise, straightaway. But, as is their wont, the operator simply rejected the mounting complaints and carried on regardless.

Locals, however, were not perturbed. Instead, they lawyered up. Engaging the tough and tenacious

View original post 10,908 more words

Lots of coal in Australia


Goodbye landmark. Yet another attempt to use the courts to try to establish the myth that governments can somehow control the climate bites the dust, for now at least.
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An Australian court on Tuesday threw out a landmark legal ruling that the country’s environment minister had a duty to protect children from climate change, reports Phys.org.

Last year’s legal win by a group of high school children had been hailed by environmental groups as a potential legal weapon to fight fossil fuel projects.

But the federal court found in favour of an appeal by Environment Minister Sussan Ley, deciding she did not have to weigh the harm climate change would inflict on children when assessing the approval of new fossil fuel projects.

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Scales of Justice
[image credit: Wikipedia]


Climate lawfare draws a blank again. Exactly as the verdict says, such claims “invite the Court to venture beyond its sphere of competence.”
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The High Court has refused a renewed application from Plan B and three UK students for permission to apply for judicial review of the UK Government’s alleged failures to meet its climate change commitments, says Freshfields BD, noting the “insuperable problem” of trying to establish that such failures also violated the Claimants’ human rights.

Nature of the complaint

In this latest challenge, the Claimants called for a declaration that the Government’s alleged failures to take effective measures to meet their climate change commitments under the Paris Agreement and the Climate Change Act 2008 were in breach of the Human Rights Act 1998.

They also sought a mandatory order that the Government urgently implements a framework to meet its commitments going forward.

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We’re told that the majority of people in the UK are very concerned about global warming and climate change. But only 3% are so concerned that they are willing to pay even a trifling sum to offset their air miles. The Sunday Times carried a story about this and told us:

The airline offers all customers who are about to buy a ticket the chance to “fully offset your CO2 emissions for this flight” by paying a fee. The 730km journey from Dublin to Paris can be offset for €1.20, while a 486km journey from Dublin to London, one of the world’s busiest air routes, can be offset for 78c. Ryanair said: “The 3 per cent of customers that chose to go greener in 2019 has yet to substantially increase, with the impact of the pandemic on air travel potentially playing a part. To date, these customers have contributed €3.5 million to support environmental projects.”

NOT Zero: Less than 3% of Ryanair flyers willing to pay carbon offset
The Sunday Times, 6 February 2022

All of which begs two questions:

Firstly, why have polling organisations not asked consumers how much they’re will to pay to alleviate global warming before? Is it because the answers would reveal how unconcerned the large majority actually are?

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Photosynthesis: nature requires carbon dioxide


The cost of trying to make an unmeasureably small difference to the climate by demonising the essential trace gas carbon dioxide is unknown, but vast. Nevertheless most of the UK’s elected politicians regularly vote for almost anything suggested as necessary to help towards the ludicrous ‘net zero’ emissions target.
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Statist recommendations from the Climate Change Committee are treated like holy grail by Parliament, says The Telegraph.

The UK Climate Change Committee (CCC) this week published a report on the outcome of COP26, predictably calling for government to “walk the talk” and implement policies that will deliver net zero by 2050.

True to form, the CCC is acting like an eco-activist NGO rather than offering balanced and independent advice. And, as usual, its recommendations are being treated as beyond questioning.

To grasp the scale of influence this independent advisory body now holds, look no further than Parliament’s decision in 2019 to wave through the net zero target without even a Commons vote.

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Attempts to turn ‘net zero’ fantasies into reality are going to hit the public even harder than they already do, financially and in practical ways too. And all for what?
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As the energy crisis in Britain and Europe worsens, it is becoming ever more evident that current climate and energy policies are failing, and the public is paying the price, says Dr Benny Peiser of The GWPF (Global Warming Policy Forum).

Net Zero Watch is here to provide serious analysis of naïve and un-costed decarbonisation policies.

Our new campaign and website will shake the tree; scrutinising policies, establishing what they really cost, determining who will be forced to pay, and exploring affordable alternatives.

At Net Zero Watch, readers (and subscribers to our newsletter) will be able to examine the full spectrum of views and critical analysis, enabling our readers to access a credible reality check of official and alternative climate and energy policy research.

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skiswiss

Credit: myswitzerland.com

Known in the UK as Tradable Energy Quotas (TEQs), this idea dates back to at least 2004. This is where ’emissions’ obsession can lead. Even your sausage buying would have to be recorded.
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Swiss climate experts propose the introduction of an individual CO2 budget so Switzerland can reach its goal of “net zero greenhouse gas emissions” by 2050, says Swissinfo.

The radical proposal for Swiss climate policy was presented in the Sunday weekly newspapers Le Matin Dimanche and NZZ am Sonntag.

The central premise is that all goods would have two prices – one in Swiss francs and the other in CO2 emissions. This would factor the amount of CO2 released in everything from sausage making to short-haul flights.

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German-cars

Image credit: autocarbrands.com

Climate lawfare is bound to get more popular if it’s seen that courts are willing to believe IPCC theories of how the global climate works. But that smacks of presumption of guilt, with carbon dioxide as the offender, surely?
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German environmental groups on Friday announced a legal offensive against car giants Volkswagen, Daimler and BMW to force them to reduce emissions faster, emboldened by recent court victories in favour of climate protection, reports Phys.org.

Greenpeace Germany and Deutsche Umwelthilfe (DUH) said they have sent a claim letter to the three carmakers asking them to commit to more ambitious targets for reducing carbon emissions, including ending production of fossil-fuel cars by 2030.

If they do not respond to the letter in the coming weeks and halt their “illegal behaviour”, the NGOs said they are ready to file lawsuits in court.

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English money going down the drain

Money down the drain [image credit: thisismoney.co.uk]

Show us your numbers! You have 35 days to do so, no more ducking and weaving allowed. ‘It is likely MPs were misled’ — strong stuff. Results due before the COP26 climate gab-fest.
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The Information Tribunal has ordered the Committee on Climate Change (CCC) to publish the calculations behind its claim that the UK economy can be decarbonised at modest cost, reports The GWPF.

The CCC’s figures were presented to Parliament ahead of the Net Zero emissions target nodded through in June 2019 to enshrine it in law.

The case was brought by Andrew Montford, the deputy director of the Global Warming Policy Forum.

The ruling, which dismisses almost all of the CCC’s arguments, comes after a two-year battle to obtain the cost calculations.

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Macron1Since when were French Presidents, or any other leaders, in a position to ‘protect the planet’ or alter the weather? The sooner such obvious nonsense ends, the better.
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Reuters: The French Senate has voted to block a referendum promised by President Emmanuel Macron on whether to enshrine the fight against climate change in the French constitution, it said in a statement on Monday.

Macron had pledged to organise such a vote in response to criticism that he has not done enough to protect the planet.

The Senate, the legislature’s upper house, is dominated by the opposition conservatives.

In May, it watered down draft legislation requiring the constitution to “guarantee” the fight against climate change, preferring less binding wording.

Continued here.

skiswiss

Credit: myswitzerland.com

Democratic accountability can be a menace to climate obsessives. Suppressing and ignoring widespread disagreeable — to them — views is more their style. Looking at you, G7 leaders.
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Swiss voters have rejected legislation at the heart of the country’s strategy to abide by the Paris Agreement on Climate Change, reports Swiss Info (via The GWPF).

The CO2 law was turned down on Sunday by 51.6% of voters. The negative outcome represents a major upset in the tiny nation that is disproportionately affected by climate change [Talkshop comment – says who?].

Switzerland’s temperatures are rising at about twice the pace of the global average [Talkshop comment – says who?] and its Alpine glaciers risk disappearing by the end of the century [Talkshop comment – empty waffle].

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XR_pinkboat

Oxford Circus climate demo [image credit: London Evening Standard]

Even ill-informed, climate-obsessed attention seekers calling themselves activists can take things too far, it seems. Having already got away with various reported actions that most people would consider to be outside the law, tolerance is wearing thin.
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LONDON (Reuters) — British climate activist Gail Bradbrook, co-founder of the Extinction Rebellion group, was arrested at home on Tuesday for conspiracy to cause criminal damage and fraud after her group attacked banks such as HSBC and Barclays, says yahoo!news.

Activists from the group smashed the window frontage of HSBC and Barclays in Canary Wharf last month and have targeted Lloyd’s of London as part of what the activists cast as a “Money Rebellion”.

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big-greenSome electricity consumers may feel like muttering obscenities if they see the figures. Meanwhile the BBC insists renewables are now cheaper than coal.
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The Global Warming Policy Forum has condemned what it called the “obscenity” of windfarm subsidies and has called for a complete rethink of energy policy.

GWPF research has shown that just six offshore windfarms are now sharing £1.6 billion pounds in subsidies between them every year.

Three receive annual subsidies of over a quarter of a billion pounds each year.

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e-wende

‘The donkey goes on to the ice until it breaks’ – German proverb [image credit: evwind.es]

H/T The Global Warming Policy Forum & Die Welt.

While the auditors are piling on the criticism, the politicians are toying with the idea of producing hydrogen from solar energy in Morocco. That would surely be good for another upward twist to the already spiralling costs of the ‘green dream’.
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The Federal Audit Office has accused the Federal Ministry of Economics of insufficiently monitoring the energy transition and of poorly managing it.

The auditors have now renewed this criticism of energy policy expressed three years ago in a further special report – and added an explosive analysis of security of supply.

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