$165 Billion spent by the US gov’t and zero effect, other that creating a lot of jobs in research and the hype and alarm industries.No wonder they don’t want the gravy train to end, that’s me a lot of people to hire on to McDonalds or something. The climate didn’t notice or care. Go here.
So now Wall Street is going to dump zillions into the Global Warming story, with the help of the President of the US. From the Daily Bell:
The party is on.
And you read it here first.
As we observe this phenomenon, we realize that global warming is going to play a big role in Wall Street’s upcoming and ongoing promotion. But let’s take it from the top.
Two significant things just happened that confirm a furtherance of this trend.
- Yesterday, November 1st, President Barack Obama signed an executive order instructing states to ready themselves for the “environmental impact” of climate change.
- At the same time, one of Hollywood’s most successful and power directors, James Cameron, announced he is creating a global warming drama coming to Showtime cable in April and called “Years of Living Dangerously.”
April is obviously when this investment party really gets going full-steam. It’s blazing hot already. Thanks to the JOBS Act, we’re aware that thousands of glossy promotional pitches are being sent via snail mail seeking accredited investors.
We track this stuff. It’s truly remarkable. These brochures cost millions and millions to produce. Where’s the money coming from? This is a huge promotion. All the big boys are in on it. One last Wall Street blow-off.
That’s how they operate. It boggles the mind. People can’t conceive of the vastness of these modern promotions. The entire industrial and promotional might of the Western world is seized and put into service – including the President of the United States.
In a post by the Wa. Examiner:
“In the past decade or so, there were 345,052 foundation grants for the environment, totaling $20,826,664,000 (that’s twenty billion dollars and change), according to an authoritative database.”
“However, I tracked foundation grants to see who was really the power and direction behind the campaigns and protests and lawyers and lobbyists. Today, foundations are the backbone of Big Green.
My survey found the Pew Charitable Trusts at Number 10, the bottom of the big-grant heap with $40 million to Oceana, a Washington-based ocean-only group formed in 2001 by — who else? — the Pew Charitable Trusts, Oak Foundation, Marisla Foundation, and Rockefeller Brothers Fund — foundations creating Big Green activists to satisfy foundation agendas.”
- Friends Of The Earth & WWF Recieved Billions From EU To Promote AGW Scam
- How Big Oil Benefits From Global Warming Alarmism
- Rockefeller’s (Standard Oil) fund 350.org
- WWF vast pool of oil money
- BP, Greenpeace, and the big oil jackpot
- Gulf of Mexico spill BP is largely invested in Wind Energy
- Solar Manufacturers Owned by Oil Companies
Now why would Shell Oil bother to fund skeptics when gov’t is going to hand them a ton of money from the CO2 hysteria?
CALGARY – Royal Dutch Shell and its partners aim to be the first to capture and store carbon dioxide emissions from the oilsands — a project that relies heavily on government funding and that the companies aren’t counting on to generate financial returns.
Shell estimates the project, called Quest, will cut direct emissions from the upgrader by 35 per cent — the equivalent of taking 175,000 cars off the road.
But the overall CO2 reduction is expected to be about 15 per cent, taking into account the mining of the ore, its transportation to Scotford and its upgrading into a type of crude refineries can handle.
The Alberta and federal governments are kicking in a collective $865 million toward Quest, which is expected to start up in 2015. The cost of constructing the project and operating it for 10 years is expected to be $1.35 billion.
BRUSSELS, Belgium, February 8, 2013 (ENS) – European heads of state and government have agreed to commit at least 20 percent of the entire European Union budget over the next seven years to climate-related spending.
The seven-year budget was agreed at 960 billion euros ($1.28 trillion). By comparison, the budget for the years 2007-2013 was 975.777 billion euros.
$256 billion…. ens-newswire.com
From WUWT: Over the past three years, the Tides Foundation and Tides Center alone poured $335 million into environmentalist climate campaigns, and $1 billion into green lobbies at large, notes Undue Influence author Ron Arnold. Major US donors gave $199 million to Canadian environmental groups just for anti-oil sands and Keystone pipeline battles during the last twelve years, analysts Vivian Krause and Brian Seasholes estimate; the Tides Foundation poured $10 million into these battles during 2009-2012.
All told, US foundations alone have “invested” over $797 million in environmentalist climate campaigns since 2000! And over $19.3 billion in “environmental” efforts since 1995, Arnold calculates! Add to that the tens of billions that environmental activist groups, universities and other organizations have received from individual donors, corporations and government agencies to promote “manmade climate disaster” theories – and pretty soon you’re talking real money.
Moreover, that’s just US cash. It doesn’t include EU, UN and other climate cataclysm contributions. Nor does it include US or global spending on wind, solar, biofuel and other “renewable” energy schemes. That this money has caused widespread pernicious and corrupting effects should surprise no one.
Update 2/6/13: EU pays Greenpeace and WWF to… lobby the EU.
Update 7/27/12: More about the money:
One of the (many) delusions that the Alarmist/Green side has is that Big Oil lavishly funds those skeptical of the “science” of CAGW. As with pretty much all of the rest of their catastrophist thinking, there is very little reality behind the claim. Here’s a clip:
A report in the Washington Examiner, entitled “Working for Big Green can be a very enriching experience” by Mark Tapscott, showed that the leaders of 15 top Big Green environmental groups are paid more than $300,000 in annual compensation, with a half million dollar plus figure for the top “earner”.
He mentions that Environmental Defense Fund President Frederic Krupp, receives total compensation of $496,174, including $446,072 in salary and $50,102 in other compensation.
Close behind Krupp among Big Green environmental movement executives is World Wildlife Fund- US President Carter Roberts, who was paid $486,394, including a salary of $439,327 and other compensation of $47,067.
Krupp and Roberts are particularly interesting because EDF and WWF-US both receive funding from the Grantham Foundation and both are on the joint management board of Jeremy Grantham’s climate institutes at the London School of Economics, (LSE), and Imperial College, London.
Jeremy Grantham is the chairman and co-founder of GMO, a $140 billion global investment management company based in Boston with offices in London, San Francisco, Singapore, Sydney and Zurich.
His first excursion into climate funding in the UK was “The Grantham Institute for Climate Change” set up with £12 million, (~$19million) at Imperial College, London in 2007. The chairman of the LSE Grantham Institute, Lord Stern of the infamous Stern Review, is heavily involved in carbon trading via carbon ratings agency, Idea Carbon. He joined IdeaGlobal, the parent company in 2007, as Vice Chairman. He also advises HSBC on carbon trading.
Environmental Defense boast on their website of their influence on policy in Washington and how they get around the law on lobbying caps: http://www.edf.org/article.cfm?contentID=8943
“EDF has long been a powerful voice in Washington, and when the need began to exceed the $1 million annual cap on our lobbying established by tax law, we created a sister group, the Environmental Defense Action Fund, which is free of spending limits. This has enabled us to ratchet up our legislative efforts, particularly on climate, and to advocate strong environmental laws even as the stakes increase.”
here’s the rest of this juicy article: The Log in the Eye of Greenpeace
From JoNova: When ExxonMobil pays just $23 million to skeptics the headlines run wild. But when $79 billion is poured into one theory, it doesn’t rate a mention. (my remark: So if $23 mil discredits the skeptics then it stands to reason that the Alarmists are 3,400 times less credible. ) She, quite reasonably, asks: “Why are the crucial checks of the science that underlie changes to entire economies left to unpaid bloggers and retired scientists?”
And more: Climate money: Big government (vastly) outspends big oil
Big Oil spends 23 mill over 10 years, Al Gore spends $300 mil in a lot less time.
By the way, all of the above are US numbers. Bring in Euro funding, Eco group funding (Greenpeace, WWF, other foundations, Soros, etc.) and the numbers are much larger.
Interesting comment: The oil industry has a vested interest in the partial success of the environmental movement. If the oil companies conspired together to force prices up by limiting production, they would quickly find themselves in court on antitrust charges. So instead, they happily give a few hundred million dollars to the environmentalists, the greens lobby the government to limit production and force prices up, and everybody gets what they want. The greens can feel good for “saving the planet”, the politicians get more power, and the oil companies rake in their billions. Only the consumer is left out.
Speaking of paying well, the guy who holds the patent on the carbon-trading idea stands to make out rather well if our government entities go through with that idea.
From JoNova 7/15: (Regarding a new climate rap video) The warmers have been pretending for so long that they are the little guys fighting Big Oil, Big Industry, and Bad Government. The ruse worked so well, that the bubble is ripe for busting. They can’t “fight” the establishment — they are the Establishment. They have a $144 billion carbon trading scheme, a $243 billion renewables investment annually, not to mention a UN agency, and whole Western Government Departments spinning their dogma. What self respecting youth wants to be a useful idiot fighting for their profits?
More links to Green Funding
- Heartland and Green Funding
- Greenpeace: Corporate Stock holdings
- BP, Greenpeace & the Big Oil Jackpot
- Earth Hour Corporate Money
- The Enormous CEO Salaries Behind Earth Hour – One would never guess that, behind all of this finger-pointing, there’s an acutely embarrassing truth: fossil fuel funding is only a mortal sin when skeptics cash the cheques. When oil companies give money to green groups, their motives apparently interest no one.
- Shell Oil sponsors WWF
- Where the Money Goes – Junkets abroad, handsomely-paid positions at home – no wonder government employees love the environment.