Investing In Global Warming, Cap And Trade

Hardly a week goes by lately where news comes out that adds to the doubt about ‘man made’ global warming. From incomplete and manipulated data, to selective science of hand-picking tree samples, to lost or destroyed supporting data, and lately to statements of Phil Jones.

Phil Jones was forced to step down as director of the University of East Anglia’s Climatic Research Unit after a series of leaked emails and other documents suggested that the data supporting global warming theories had been “cooked” and that opposing theories were being suppressed.

But this was not the end of the revelations.

“Professor Jones also conceded the possibility that the world was warmer in medieval times than now – suggesting global warming may not be a man-made phenomenon.

“And he said that for the past 15 years there has been no ‘statistically significant’ warming.”

What do you mean ‘statistically significant‘ you ask? According to Phil Jones . . .

This trend (0.12C per decade) is positive, but not significant at the 95% significance level.

And associating climate change to man-made global warming, there’s this question to Jones . . .

“How confident are you that warming has taken place and that humans are mainly responsible?”

Jones: “I’m 100 percent confident that the climate has warmed. As to the second question, I would go along with IPCC Chapter 9 – there’s evidence that most of the warming since the 1950s is due to human activity.”

OK fine. And we now know all about their data and record keeping problems.

So what’s the point? The whole point of this ‘man-made’ global warming hysteria is to execute a transfer of wealth through whatever way possible, under the pretense that we can adjust the global thermostat as well as sea-level. It’s is a political movement that has turned into a near religion with environmentalists.

Then there’s this gem about rising sea levels . . .

Scientists have been forced to withdraw a study on projected sea level rise due to global warming after finding mistakes that undermined the findings.

Whether it by by the United Nations, the Kyoto Protocol, and more locally, the administration’s Cap & Trade legislation, all of these schemes are designed to move money from our side of the earth to the other, with the side benefit of depressing our economy and raising prices even further. I mean it just makes sense. If you’re a slip and fall lawyer, you go after the money. In the global scale, the ‘richest’ nation in the world is right here. And for anyone who was in Copenhagen, you saw who the evil one was. It was the United States, and it was capitalism.

In light of what is now known, we are starting to see signs in the US of hopping off this man-made global warming bandwagon. But not everyone.

Know who is heavily invested in this scheme? Al Gore. He probably has the most to lose when the cap and trade and carbon credit trading schemes fall through. Starting with a company he and another investor started called Generation Investment Management LLP. I’m all for capitalism, and according to Al Gore and the media, he’s just putting his money where his mouth is. The reason capitalism works is because there is risk taking. When the market demands it, entrepreneurs will provide. Responding to the market, or not, determines who wins and who looses. Gore’s company is an associate member of the Chicago Climate Exchange. A carbon credit trading exchange. (Available right now at $.10/share. Their stock fell 33% after the Copenhagen global warming festival in December.) How much Gore has invested varies from guesstimates from tens of millions to hundreds of millions of dollars. Suffice it to say, if things go the way he hopes they will, he’ll make George Soros’ wealth look like small change.

So yesterday, either in denial or a last ditch attempt to saves his investments, or both, Al Gore opines in the New York Times ‘We Can’t Wish Away Climate Change.’ The first sentence of his opinion piece says it all . . .

It would be an enormous relief if the recent attacks on the science of global warming actually indicated that we do not face an unimaginable calamity requiring large-scale, preventive measures to protect human civilization as we know it.

Right. The sky is falling. On him. Then, from high on the mountain, not far from the burning bush, Gore ends with this. From Rick Moran at American Thinker.

Finally, this bit of weirdness that shows Gore for what he is; a megalomaniac:

From the standpoint of governance, what is at stake is our ability to use the rule of law as an instrument of human redemption. After all has been said and so little done, the truth about the climate crisis – inconvenient as ever – must still be faced.

Al Gore sees himself as a redeemer – as Jesus Christ. And where is there room in a democratic republic for someone who thinks that the rule of law should be an “instrument of redemption?”

Who else has put their money where their mouth is? Well, in a more muted and covert kind of way, the BBC has. They have $12.5 billion of their pension funds invested in companies whose future depends on the success of the whole man-made global warming movement and subsequent laws and regulations.

Just something to keep in mind the next time you see an article about a man-made global warming ‘crisis.’

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