
UPDATE: A cartoon from Josh drawn about a year ago has been added. See below.
By Christopher Monckton of Brenchley
The United Kingdom Independence Party, the only climate-skeptical party in Britain, has scored a crushing victory in Sunday’s elections to the Duma of the European Union.
Britain’s most true-believing party, the Greens, won one or two new seats, but the second most true-believing party and junior partner in the Children’s Coalition that currently governs at Westminster, the “Liberal” “Democrats” (who are neither), were all but wiped off the map.
The European Duma, like that of Tsar Nicholas II in Russia, has no real power. It cannot even bring forward a Bill, for that vital probouleutic function is the sole right of the unelected Kommissars – the official German name for the tiny, secretive clique of cuisses-de-cuir who wield all real power in the EU behind closed doors.
The Kommissars also – bizarrely – have the power to set aside votes of the elected Duma, which doesn’t even get to vote in the first place without their permission. Democratic it isn’t.
The outgoing Hauptkommissar, Manuel Barroso, is a Maoist – and, like nearly all of the Kommissars, a naïve true-believer in the hard-Left climate-extremist Party Line that is turning Europe into a bankrupt, unconsidered economic backwater.
In the Duma recently (where the Kommissars, though unelected, may sit and speak but not vote), Barroso said there was a “99% consensus” among scientists about the climate. Actually 0.5%, Manuel, baby: read Legates et al., 2013.
Because the Duma is a parliament of eunuchs, UKIP’s couple of dozen members of the European Parliament won’t be able to make very much difference to anything except their bank balances – they all become instant multi-millionaires.
However, after opposition to the EU’s militantly anti-democratic structure and to the mass immigration that has been forced upon Britain as a direct result, UKIP’s third most popular policy with the voters is its opposition to the official EU global-warming story-line.
It was I, as deputy leader of the party in 2009/10, who had the honor of introducing UKIP’s climate policy to the Press. Their reports, as usual, were sneeringly contemptuous. Now the sneers are beginning to falter.
The leadership thought long and hard before adopting the policy. I said we could not lose by adopting a policy that had the twin merits of being true and being otherwise unrepresented in British politics. Private polling confirmed this, so the policy was adopted.
For interest, here – in full – is UKIP’s climate policy as I promulgated it in 2010:
“Global warming: is it just a scam?
“The IPCC’s 1990 First Assessment Report made wildly-exaggerated projections of how global temperature would rise. Yet for the past 15 years [now nigh on 18 years] there has been no statistically-significant “global warming” at all, as a leading IPCC scientist has now admitted. For nine years there has been a rapid cooling trend. None of the IPCC’s computer models predicted that.
“The 1995 Second Assessment Report, in the scientists’ final draft, said five times there was no discernible human influence on climate. Yet one man rewrote the report, replacing all five statements with a single statement saying precisely the opposite. He later said IPCC processes permitted this single-handed rewrite, which has been the official policy ever since.
“The 2001 Third Assessment Report contained a graph contradicting the First Report by falsely abolishing the medieval warm period, which, like the Roman, Minoan, and Holocene optima, and 7500 of the past 11,400 years, and each of the four previous interglacial warm periods, and most of the past 600 million years, was warmer than today. Some 800 scientists from more than 460 institutions in 42 countries over 25 years have written peer-reviewed, learned papers providing evidence that the Middle Ages were warmer than today.
“The 2007 Fourth Assessment Report’s key conclusion that, with 90% confidence, most of the warming since 1950 was manmade is disproven by measurements. A natural decline in global cloud cover from 1983-2001 (Pinker et al., 2005) caused most of that warming.
“The IPCC’s false “90% confidence” estimate was not reached by scientists: it was decided by a show of hands among political representatives who had few scientific qualifications.
“A lead author of the Fourth Assessment Report admits that, “to influence governments”, he knowingly inserted a falsehood to the effect that the Himalayas will be ice-free in 25 years.
“Many other false conclusions of the IPCC were authored not by scientists but by campaigning journalists, members of environmental propaganda groups or IPCC bureaucrats.
“The first table of figures in the IPCC’s 2007 Report did not add up. Bureaucrats had inserted it, overstating tenfold 40 years’ contributions of Greenland and Antarctic ice to sea-level rise.
“The IPCC’s conclusion that CO2 has a major warming effect is false. In the pre-Cambrian era 750 million years ago the Earth was an ice-planet, with glaciers at sea level at the Equator: yet atmospheric CO2 concentration was 300,000 ppmv – 700 times today’s 388 ppmv. If CO2 had the large warming effect the IPCC imagines, the glaciers could not have been there.
“In the Cambrian era 550 million years ago, CO2 concentration was 7000 ppmv (IPCC, 2001): yet that was when the first calcite corals achieved algal symbiosis. In the Jurassic era 175 million years ago, CO2 concentration was 6000 ppmv (IPCC, 2001): yet that was when the first aragonite corals came into existence. While the oceans continue to run over rocks, they must remain pronouncedly alkaline. Ocean “acidification” is a chemical impossibility.
“Many peer-reviewed papers (e.g. Douglass et al., 2004, 2008, 2009; Schwartz, 2007; Monckton, 2008; Lindzen & Choi, 2009) show that the IPCC has exaggerated the warming effect of greenhouse gases up to 7-fold. Without that exaggeration, there is no climate crisis.
“The economics of global warming
“Millions have died of starvation, or are menaced by it, because the world’s governments have unwisely trusted the UN’s climate panel (the IPCC) and the self-serving national scientific institutions that have profiteered by parroting its now-discredited findings.
“The World Bank has reported that three-quarters of the doubling of world food prices that occurred two years ago is directly attributable to the global dash for biofuels.
“Herr Ziegler, the UN’s Right-to-Food Rapporteur, has said that while millions are starving the diversion of farmland from food to biofuels is “a crime against humanity”.
“Lord Stern’s discredited report on climate economics unrealistically adopted a near-zero discount rate for appraisal of “investment” in carbon-dioxide mitigation and doubled the IPCC’s already-exaggerated high-end estimate of the warming to be expected from CO2. Without these grave economic and scientific errors, no case for spending any taxpayers’ money on mitigation of CO2 emissions can be made.
“A carbon-trading scheme that sets a low price for the right to emit a ton of carbon dioxide is merely a tax and does not affect the climate, while a high price drives our jobs and industries overseas to countries which emit more CO2 than us, raising mankind’s global CO2 footprint. The chief profiteers from carbon trading are banks.
“A steelworks at Redcar is closing with the loss of 1700 jobs, because the European carbon-trading scheme has made it uneconomic. Precisely the same steelworks will be re-erected in India. Net effect on the climate: nil. Net effect on British workers’ jobs: catastrophic.
“If we were to shut down the entire global carbon economy altogether, and go back to the Stone Age but without even the right to light a carbon-emitting fire in our caves, it would take 41 years to forestall just 1 C° of “global warming”. The cost is disproportionate.
“Even if the IPCC were right in imagining that a doubling of CO2 concentration will cause as much as 3.26 ± 0.69 C° of “global warming”, adaptation as and if necessary would be orders of magnitude cheaper and more cost-effective than attempting to limit CO2 emissions.
“Global warming gurus humbled
“Dr. Rajendra Pachauri, who chairs IPCC’s climate science panel, is a railroad engineer. The Charity Commission is investigating TERI-Europe, a charity of which Pachauri and his predecessor as IPCC science chairman were trustees. The charity filed false accounts three years running, under-declaring its income by many hundreds of thousands of pounds.
“Dr. “Phil” Jones, director of the Climate Research Unit at the University of East Anglia, on which the IPCC has relied for its global temperature record, has stepped down after a whistleblower published emails between him and other leading IPCC scientists revealing manipulation, concealment and intended destruction of scientific results.
“Dr. Jones has admitted that his Unit has lost much of the data on which the IPCC relies. The “Climategate” files show his Unit received millions in increased taxpayer funding so that it could investigate “global warming”.
“Al Gore has made hundreds of millions from “global warming”, and may become the first climate-change billionaire. In 2007 a High Court judge found nine errors in his film serious enough to require 77 pages of corrective guidance to be sent to every school in England.
“On Gore’s notion that sea level would imminently rise by 20 feet (6.1 m), the judge ruled: “The Armageddon scenario that he depicts is not based on any scientific view.” IPCC (2007) projects sea-level rise of 1-2 ft by 2100: Mörner (2004, 2010) projects just 4 ± 4 in.
“Gore said a scientific study had found polar bears dying as they swam to find ice. In fact, Monnett & Gleason (2006) had reported just four bears killed in a bad storm. For 30 years there has been no decline in sea-ice in the Beaufort Sea, where the bears died. There are many times more polar bears today than in 1940.
“Gore said Mount Kilimanjaro’s glacier had lost much of its ice because of “global warming”. In fact, the cause was desiccation of the atmosphere caused by regional cooling (Molg et al., 2003). Mean summit temperature has averaged –7 °C for 30 years and, in that time, summit temperature has never risen above –1.6 °C. The Fürtwängler glacier at the summit began receding in the 1880s, long before mankind could have had any influence over the climate. Half the glacier had gone before Hemingway wrote The Snows of Kilimanjaro in 1936.
“What is to be done
“Royal Commission on global warming science and economics
“UKIP would appoint a Royal Commission on global warming science and economics, under a High Court Judge, with advocates on either side of the case, to examine and cross-examine the science and economics of global warming with all the evidential rigour of a court of law.
“The remit of the Royal Commission would be to decide –
Ø “Whether and to what degree the IPCC has exaggerated climate sensitivity to CO2 or other greenhouse gases;
Ø “Whether and under what conditions, if any, the IPCC’s imagined consequences of the present rate of atmospheric CO2 enrichment will be beneficial or harmful;
Ø “Whether and under what conditions, if any, mitigation of global warming by reducing carbon emissions will be cheaper and more cost-effective than adaptation as, and if, necessary;
Ø “Whether and under what conditions any emissions-trading scheme can make any appreciable difference to the CO2 concentration in the atmosphere, and whether and to what degree, if any, any such difference would affect global surface temperature.
“Other climate-change measures
“Pending the report of the Royal Commission, UKIP would immediately –
Ø “Repeal the Climate Change Act, and close the Climate Change Department;
Ø “Halt all UK contributions to the IPCC and to the UN Framework Convention;
Ø “Halt all UK contributions to any EU climate-change policy, including carbon trading;
Ø “Freeze all grant aid for scientific research into “global warming”.
“In any event, UKIP would immediately –
Ø “Commission enough fossil-fuelled and nuclear power stations to meet demand;
Ø “Cease to subsidize wind-farms, on environmental and economic grounds;
Ø “Cease to subsidize any environmental or “global-warming” pressure-groups;
Ø “Forbid public authorities to make any “global-warming”-related expenditure;
Ø “Relate Met Office funding to the accuracy of its forecasts;
Ø “Ban global warming propaganda, such as Gore’s movie, in schools;
Ø “Divert a proportion of the billions now wasted on the non-problem of global warming towards solving the world’s real environmental problems.
“UKIP has been calling for a rational, balanced approach to the climate debate since 2008, when extensive manipulation of scientific data first became clear. There must be an immediate halt to needless expenditure on the basis of a now-disproven hypothesis.
“Given our unprecedented national debt crisis, not a penny must be wasted, not a single job lost to satisfy vociferous but misguided campaigners, often led by ill-informed media celebrities, profiteering big businesses, insurance interests and banks. The correct policy approach to the non-problem of global warming is to have the courage to do nothing.”
If you know of any political party, anywhere, that has a climate policy more vigorously and healthily skeptical than UKIP, let me know in comments.
===============================================================

Pyrrhic?
John
Mike Ozanne says:
I suggest we leave it there, to avoid boring the rest of the blog with the minutiae of British Domestic politics.
Not bored at all. A bit surprised that, judging from some comments, the candidates names are in the same order on all ballots. Around here, the name order is changed from one area to another, so there is no advantage/disadvantage to any particular candidate. Here is a part of the procedure:
Names of candidates for offices voted on statewide rotate by Assembly district, starting with Assembly District 1 where the names appear as first determined by the randomized alphabet. In Assembly District 2, the candidate who appeared first in Assembly District 1 drops to the bottom and the other candidates move up one position and so on throughout the 80 districts. This gives each candidate more than one opportunity to appear at the “top of the ticket” in his/her race.
More for the unbored at: http://www.sos.ca.gov/elections/randomized-alphabet.htm
So goes France?:
“Marine Le Pen’s far right National Front scored a stunning first victory in European Parliament elections in France on Sunday as critics of the European Union registered a continent-wide protest vote against austerity and mass unemployment.
Without waiting for the final result, French Prime Minister Manuel Valls went on television to call the breakthrough by the anti-immigration, anti-euro party in one of the EU’s founding nations “an earthquake” for France and Europe.”
http://news.yahoo.com/europe-votes-super-sunday-far-spotlight-090146106.html
Alas, both the current leader Marine Le Pen and her influential father Jean-Marie Le Pen seem utterly silent on climate alarm.
Yes, well, a line in your article pointing that out would have headed off the predictable criticism. It’s fine to note that one of their beliefs is sounder climate policy, but you can hardly ignore the reasons why most people actually voted for them or what they chose to actually run on when you write about an election result.
Nigel Farage’s UKIP on wind turbines as long as four years ago:
The UKIP is mainly focusing on an in/out referendum for membership in the EU. Starting with immigration policy, which opens Britain to unlimited and unregulated immigration, and on through energy issues, the UK has next to no say in its own policies. Because of membership in the EU, 75% of its legislation is handed to them from Brussels. Getting out of the EU and returning sovereignty to the UK is what the UKIP ran on, and that is its mandate after winning many elections.
Farage opposes worthless wind turbines, which is a very serious issue for communities and coasts where these are being installed. He also has opposed the new nuclear plant proposed for Hinkley. The plant would be built by China in concert with France, with a guaranteed strike price of TWO TIMES the going rate for electricity. He has rightly pointed out that building plants and turbines with strike prices at double the rate is based on the bizarre idea that energy prices will go up. With fracking and the use of their own resources, Farage says that energy prices can come down by 50%, based on fracking success in the US.
The point is, unless these countries leave the EU, they do not have any say in their own policies.
And all of the parties, not just the UKIP, have sort of scrapped their “manifestos.” However, Farage does not allow the parties to get away with saying that they will control immigration, because their is literally no control on many of these issues. They cannot change EU policy. They simply carry it out.
AndyL says:
May 26, 2014 at 12:37 am
Unfotunately climate scepticism is no longer UKIP policy. They have explicitly stated that NONE of the policies they stood for in 2010 are currently UKIP policy, and that they will announce new policies some time before the 2105 election.
This means that they have no policies on education, health, the economy, climate change, defence – and that apart from opposition immigration and the EU they are a policy free zone. This makes UKIP the perfect protest vote. People can vote for them without having to take a position on any of this messy political stuff.
***************************************************************************************************************************
Actually they do have policies although the manifesto has been withdrawn and the party is looking to replace it. On the UKIP site they have a European Manifesto, a Local Manifesto and the document “What We Stand For.”
They say in the European Manifesto:
“Risk Of Blackouts
“• The 2008 Climate Change Act costs
an estimated £18bn per year – that’s
more than £500 for every household
in the UK. We will scrap this Act.
“• EU renewables targets mean
taxpayers’ money subsidises wind
farms that require gas powered
back-up when the wind doesn’t blow.
“• The EU Large Combustion Plant
Directive will shut many vital oil and
coal-fired power stations in 2015.
OFGEM warns that plant closures could
cause blackouts.”
and
“Reducing Fuel Poverty:
“• Outside the EU, we can abolish EU
laws that add hundreds of pounds to
household energy bills. EU rules keep
energy bills high by forcing taxpayers’
money into wasteful wind turbines and
solar arrays.”
and add in “Where We Stand”
“• Scrap HS2, all green taxes and wind turbine subsidies.
“• Develop shale gas to reduce energy bills and free us from dependence on foreign oil and gas – place the tax revenues into a British Sovereign Wealth Fund.”
I would imagine that the full policy when published will be an updated version of the original and will embrace the current policies.
And the overall slight UK shift to the right in the EU voting was swamped by an overall shift to the left in seats in the EU Parliament. Again, while far right parties did well in some countries, overall in seats, the left gained at the expense of the center right.
Go here and look at the dividing line between the dark blue and the yellow. That is the difference between the right and the left.
http://www.results-elections2014.eu/en/election-results-2014.html
AndyL says:
May 26, 2014 at 12:37 am
This means that they have no policies on education, health, the economy, …
=========
Oh the horror! No policies! Whatever would we do? Obviously, we would all be just blank staring automatons without people in charge implementing policies (and more policies!!) . Vote for us! We have more policies than anyone and we promise to implement more. Goodness from policies coming your way. Tomorrow (like free beer). Of course, when policies don’t work and just gum everything up, it is someone else’s fault (or not enough money) instead of bad policy. …and most bad polices, like taxes are never killed off.
On a more serious note, considering the “success” of incremental federal government policy intrusions into education, health, and the economy in the US, it might be very refreshing to have a government (party in charge) with neutral policies, especially at the federal level, and let the states and localities implement (and compete) on what they think is best for their constituencies. Very wary, weary, and feeling somewhat beaten down from from domestic federal policies from either side of the political spectrum.
THE EU DREAM IS OVER
Britain has 12% of the EU population, but:
one EU council place out of 28,
one Commissioner out of 28,
under 10% of all MEP’s,
5% of the EU civil service,
…and yet spends more than any other country to prop up this corrupt bureaucratic fairyland except Germany – and that’s only because the Germans had to absorb East Germany!
We were lied to by that misanthrope Heath, and now we are saddled with a permanent eurozone majority in the Council and the Commission. All the EU leaders say they want a “United States of Europe” in spite of their populations saying consistantly that they don’t.
The British public see the EU as the biggest problem in their lives, and have just expressed their collective frustration at not being able to do alter the way the EU is governed, run, or how EU policies are proposed and imposed more and more intrusively over them.
WHY ARE WE SO ANGRY WITH OUR “RULING” POLITICIANS?
Look at the state they have put us in:
Britain will pay £100 billion in gross EU budget contributions in a 5-year Parliament.
Britain loses from the single market given our weakness in goods exports and Germany’s strength, which is where around half our EU deficit comes from, then added to that EU national protectionism in services. From 2007 to 2012 we had a balance of payments deficit with the EU of £241 billion but a surplus with the rest of the world.
Britain loses from open borders. We are a “dumping ground” for millions of economic refugees. In 2013 70% of all new national insurance numbers were to immigrants from the EU and elsewhere. Add to this unsustainable pressure on housing, jobs, state services and finances.
Britain loses £60 billion every 5-year Parliament from the opportunity cost of EU agricultural protectionism (that’s the French we are talking about as they have sabotaged every effort to reform the Common Agricultural Policy in the last 41 years).
Britain loses by not being able to set its own free trade based trade treaties.
Britain loses its foreign policy independence, replaced by Lady Ashton’s superstate building diplomatic service; witness the aggressive expansionism of the EU towards the Urals which has made Putin react in Ukraine.
Britain has lost its fishing grounds (thank you so much, Spain).
Britain has lost its ability to tax multinationals or set its own business, state benefits and consumer laws. This power was lost through the spread of “mutual recognition” and “harmonisation” policies, which now cost the British hundreds of billions of pounds every 5-year Parliament.
Britain has lost its judicial independence to the ECJ AND ECHR.
Britain has been forced to let the EU see the Chancellor’s annual budget, and our economic policy must pay heed to the economic well-being of the EU.
Britain has lost its political sovereignty. Viviane Reding confirmed that 75% of UK laws are set by the EU over which we have next to no influence. So EU laws are imposed on us whether we like them or not. There is a word for this.
It is clear then; Britain getting out of the EU would regain political and judicial sovereignty, cut costs, increase trade, cut consumer prices, raise multinational taxes, cut state spending and control our borders.
That’s why UKIP is so important to us. No other party offers the British back their freedoms and self-determination, and we are powerless over the EU until that happens.
Lord Stern had to make the case by hook or by crook. First read what he said.
Why would the good Lord say that? Could it be that he has certain carbon related vested interests like in Spain’s Abengoa SA? Abengoa is engaged in concentrated solar power, 2nd generation biofuels, biomass and wave energy.
A polar bear dies swimming? Gosh, how far was the next slab of sea ice for that poor polar bear. I bet it must have been hundreds and hundreds of miles away. Unless it was a cub?
A few years back I recall a dead polar bear washed up in Scotland! The bear shouted: I kana get the powerrr Jim.
I urge the UKIP and all other people of scientific objectivity and good will to consider the devastating effects of banning fungicide use in Europe, NZ, Australia, and the US.
Please research the molds, mildews, black spots and blights – both post and pre-harvest – which are controlled only by the use of fungicides. Banning fungicides will result in mass starvation. The dire predictions of the failure of crops and fruit trees supposedly caused by climate change in reality will be caused by banning fungicide.
The banning of fungicide for organic farm use has already begun in many countries. The forcing of agriculture into “organic only” policies has already begun through federal bureaucracies and international agreements. The fungicides control the blackest, most deadly pollution and toxicants of all, the countless, countless molds, mildews, black spots and blights which totally devastate crops.
An excellent result.
Well done Mr. Farage.
I would hardly call getting 28% of the vote a crushing win. Further, I suspect this blog post will be at the least offputting, and more likely directly offensive to the 72% that voted otherwise. But beyond that, what is a political diatribe like this doing in an ostensibly science blog.
UKIP has gone from 3% to 28% in just a few years. No one said it is a crushing win. But the other parties are the ones who have been assaulting UKIP voters with pathetic, rediculous labels such as racists – for wanting to control unlimited immigration from former communist countries and extremely poor areas.
There have been no diatribes, just total command of the facts from Nigel Farage and many others in the UKIP regarding renewable targets set by the EU.
UK’s only climate skeptic party crushingly wins the EU election
Oh alright…it’s a “crushing win.” (:
Vote 2014 Europe: Great Britain
Party Votes % MEPs
ukip 28.62 +11.60 22 +10
con 24.14 -3.73 16 -5
lab 24.22 +8.98 14 +5
grn 7.76 -0.70 2 +1
ld 6.84 -6.82 1 -8
pc 0.77 -0.13 1 0
snp 2.65 0.40 0 0
bnp 1.16 -5.20 0 -2
AndyL says: May 26, 2014 at 12:37 am
This means that they have no policies on education, health, the economy, …
_________________________________
Who needs policies?
Obama got elected by endlessly saying: “yes we can”.
Can what, exactly?
AndyL says:
May 26, 2014 at 12:37 am
“Unfortunately climate scepticism is no longer UKIP policy.”
This is not so, even at the grassroots level there is a great deal of concern about the impact of the government’s and EU renewables policies. Here in Suffolk UK we are frequently asked about wind turbines and solar farms, and this also regularly comes up on the website http://www.ukipsouthsuffolk.org/category/environment/ . UKIP have a policy of opposing the ineffective wind and solar schemes, but also of supporting proposals for renewables which might actually work. Roger Helmer MEP is the UKIP spokeman and he has done much to promote this well received policy position.
Of course, in metropolitan land, not despoiling the countryside and a rational approach to energy production, are both rarely visited concepts.
Wow, this is a really good list of talking points. I wish some of our more libertarian politicians would promulgate these, instead of their wishy-washy nuances.
It doesn´t matter that they ¨won¨.
They have NO POWER.
They can alter NOTHING.
They can do NOTHING.
Their policies only matter in a UK general election, so they have a year to get some.
As for ¨the days of the left and right are over¨.
Nigel, mate, LOOK at the two main parties; one is a slightly blue tinted red, the other is a slightly red tinted blue; They could adopt lavender as their flag colour!!
The difference between them is wafer-thin.
The EU parliament has NO power, NO authority and NO ability to change or do anything.
EVERYTHING has to do with the EU commission who are UNELECTED, mainly placemen from large financial organisations.
The EU is almost totally non-democratic.
UKIP ¨winning¨ is irrelevant, and the other parties and countries KNOW that.
JohnR says:
May 26, 2014 at 10:35 am “UKIP ¨winning¨ is irrelevant, and the other parties and countries KNOW that.”
The UKIP has run on giving the British people an in/out referendum to exit the EU, which was entered as an economic agreement and has become a political union. The UKIP campaign for a referendum has changed the discussion for the main parties. This is the UKIP Party Election Broadcast:
It’s is amazing how an irrelevant party gains so much press.
Jimbo says:
Why would the good Lord say that? Could it be that he has certain carbon related vested interests like in Spain’s Abengoa SA? Abengoa is engaged in concentrated solar power, 2nd generation biofuels, biomass and wave energy.
ANSWER
Lord Stern is the London School of Economics professor commissioned by Tony Blair to write his seminal 2006 review of the economics of climate change – the foundation of many of the policies pursued today. He is a member of the advisory board of Abengoa, a huge Spanish renewables company. Its biggest project, a solar panel array in Arizona, cost £1.2 billion.
Neither Stern’s spokesman nor Abengoa will disclose how much he is paid.
Lord Stern (architect of “green” taxes) is a member of the advisory board of Abengoa, a huge Spanish renewables company. Its biggest project, a solar panel array in Arizona, cost £1.2 billion.
His company, NS Economics, is a vehicle for his public speaking earnings and last year declared assets of £189,000, after one year of trading. Stern’s agent at Celebrity Speakers said his basic rate for an hour-long talk was £50,000 – with first-class flights on top for a conference in the US, and all extra expenses reimbursed.
Stern’s spokesman at LSE said he openly declared all his interests, and had “built his reputation on a track record of high-quality independent research and analysis.” (“Research” which consists entirely of devising new and ingenious ways of imposing “green” taxes on the public to his own enrichment.)
Abengoa’s loans were provided despite their abysmal credit rating. In fact, the U.S. House Oversight and Government Reform Committee cited DOE for its disastrous handling of the loan program. The Committee unleashed a damaging report in March 2012, revealing that in excess of $16 billion was loaned to 26 projects, of which 22 were rated “Junk.” Following a list of the three American projects, the loan provided for each, its rating, temporary construction jobs, permanent jobs, and the cost of permanent jobs “created or saved.” Note that S&P and Fitch consider BB+ and lower ratings “speculative” and “not investment grade.”
Abengoa Solar, Inc (the Solana Solar Project in Arizona): Rating BB+ by Fitch Dec. 2010; $1.45 billion. This deal was announced by President Obama on July 3, 2010, finalized just before Christmas 2010, and became operational in October 2013. Jobs: 1,700 construction, 80 permanent = $24.1 million per permanent job “created or saved.”
Abengoa Solar, Inc (the Mojave Solar Project in CA): Rating BB by Fitch Sept. 2011; $1.2 billion. This deal was announced in June 2011, finalized in September 2011, and is still under construction. Jobs: 830 construction, 70 permanent = $17.1 million per permanent job “created or saved.”
Abengoa Bioenergy Biomass of Kansas LLC: Rating CCC by Fitch Sept. 2011; $132m. This deal was announced on August 19, 2011, finalized on September 29, 2011, and the Hugoton plant is expected to begin producing cellulosic ethanol by the end of May or early June 2012. Jobs: 300 construction; 65 permanent = $2m per permanent job “created or saved.”
So-called “green” energy projects cannot support themselves without government subsidy. This is why they are considered “risky.” Left to their devices there is actually no risk at all –– they are guaranteed to fail. Corrupt politicians, especially left-wing corrupt politicians, find them alluring for that very reason. They provide all the feel good, “save the earth” optics leftists love, while politicians get to pick the winners –– and they invariably pick their friends.
Because “green” energy companies are chosen by political process rather than the market, and because this particular political process is inherently dirty, “green” energy companies are also somewhat protected from close scrutiny. How does this play out when the taxpayers’ bill comes due? Abengoa has provided a good demonstration.
Monckton:
Oh please, give us all a break. Your argument hinged on the UKIP winning in 2014 based on the disowned 2010 manifesto from which you quoted at length.
That you indulge in sophistry and verbal sleight-of-hand is deeply unimpressive to the rest of us who can actually read and think for ourselves.
Your article reeked of historical revisionism of which I had hoped you deplored whenever it is deployed by people on every side of the climate debate.