Guest essay by Eric Worrall
Former New York Mayor Michael Bloomberg is so upset that President Trump has cancelled payments to the UN Green Fund, he is sending his own money to the UN.
Mike Bloomberg doubles down to ensure America will fulfill the Paris Agreement
Today, Mike Bloomberg, the United Nations Secretary-General’s Special Envoy for Cities and Climate Change, announced a commitment of up to $15 million to support the operations of the UN Framework Convention on Climate Change (UNFCCC) Executive Secretariat, including its work to help countries implement their commitments under the 2015 Paris Agreement on climate change. Bloomberg will also work with other governments and philanthropies that may be interested in supporting the UNFCCC at this critical time. The pledge aims to fill a significant funding gap that comes as a result of President Donald Trump’s announced withdrawal from the Paris agreement and proposed steep budget cuts for international programs, including on climate.
“Americans are not walking away from the Paris Climate Agreement,” said Bloomberg. “Just the opposite – we are forging ahead. Mayors, governors, and business leaders from both political parties are signing onto a statement of support that we will submit to the UN – and together, we will reach the emission reduction goals the U.S. made in Paris in 2015. As a sign of our commitment, Bloomberg Philanthropies, in partnership with others, will make up the approximately $15 million in funding that the U.N.’s Climate Secretariat stands to lose from Washington. Americans will honor and fulfill the Paris Agreement by leading from the bottom up – and there isn’t anything Washington can do to stop us.”
Patricia Espinosa, the Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), said “We are grateful to Bloomberg Philanthropies for this generous contribution. While funding from governments remains central to our work, this kind of support is crucial for the work of the Secretariat to assist nations in their efforts to implement their commitments under the Paris Climate Change Agreement. In order to achieve Paris in full and deliver a low emissions, resilient and more secure future for every man, woman and child, it is very encouraging to see that all actors reaffirm their willingness to work together.”
Trump indicated the administration will terminate all support for UN climate change efforts. This would slash the US contribution to the operations of the UNFCCC – the climate negotiating body of the UN — creating an immediate gap. It will also cut previously promised funding for the Green Climate Fund, which provides billions of dollars in support for developing countries to meet their Paris Agreement commitments. The Green Climate Fund recently launched a request for proposals from private sector companies to cut emissions or improve climate resilience in developing countries, offering a total $500 million in funding overall.
From 2014 to 2016, Bloomberg Philanthropies supported the UNFCCC – the climate negotiating body of the UN – for its work with “non-state actors” including cities, states and businesses. Bloomberg Philanthropies can fill the gap left by the US government backing out of its commitments. Support would be allocated to cover staff costs in Bonn, Germany associated with their climate negotiations and communications efforts.
About Bloomberg Philanthropies: Bloomberg Philanthropies works in more than 120 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: Arts, Education, Environment, Government Innovation and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s charitable activities, including his foundation and his personal giving. In 2016, Bloomberg Philanthropies distributed over half a billion dollars. For more information, please visit bloomberg.org or follow us on Facebook, Instagram, Snapchat and Twitter @BloombergDotOrg.
Media Contact:
Rebecca Carriero, rebeccac@bloomberg.org +1-212-205-0182
This move simply reinforces my perception of President Trump’s genius when it comes to getting a good deal for US taxpayers. There never was any need for the USA to put taxpayer’s money into the UN Green Fund – rich virtue signallers like Bloomberg are happy to pick up the tab.
Now if only Trump can persuade Bloomberg to pick up the tab for the USA’s entire UN contribution. Maybe we could define all UN contributions as “green money”.
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Yes, if people want to throw their money away, that’s fine by me. Hopefully when they see it achieves nothing, they’ll think twice next time.
David Johnson June 4, 2017 at 2:37 am :
Yes, the stupidity of these people is absolutely amazing. They just don’t get it.
Apparently Mr. Bloomberg is worth about US$ 50 billion, while $15 million is the meagre 0.03% of his fortune. He can’t possibly believe that world is facing catastrophic global warming disaster by being so mean. I would urge Mr. Bloomberg to raise his contribution to at least 3% ($ 1.5 billion) of his fortune to saving the world.
Lots of folks are worth a million bucks. For them, 0.03% would be $300.
I know many people (many of whom aren’t worth a mil) who regularly make charitable donations exceeding $300. I agree Vuk, Bloomberg’s 15 mil is unremarkable.
Is it even his own money? Sounds like somebody else’s, as usual. At the very least, the IRS’s:
“Bloomberg Philanthropies, in partnership with others”
if I had $50bn I’d build a nuclear power station
So saidith ….. vukcevic, to wit:
Personally, I do not for one (1) second think that Michael Bloomberg is the least bit interested in “saving the world” or any of its inhabitants, be they man, beast or vegetation.
If a person truly cared about the environment of the world upon which he lived, …… why would he wait until AFTER he had accumulated an estimated US$ 50 billion before he became active at “claiming” his intentions to “help save planet earth”?
Thus it should be obvious to everyone that the “root” of Michael Bloomberg’s philanthropy is to acquire personal notoriety, name recognition and a “grand n’ glorious” reputation among the clueless, dueless, miseducated populace. To wit:
Excerpted from above published commentary:
The wee small portion of the above $15 million in funding that the Bloomberg Philanthropies are promising to donate is but a “drop-out-of-the-bucket-of-Bloomberg-cash” compared to what Bloomberg has already given to the Sierra Club’s anti-coal campaign, …… to wit:
Probably find it would all be written off against tax or something so isn’t actually going to cost him anything.
James Bull
Well if Bloomberg is worth $50bn he could pay the remaining $2bn of the existing US “pledge”, not just a poultry 15 mil.
How cheap is that ? He does not give a damn otherwise he’d make a meaningful donation not a weakly symbolic one.
He’s just trying to buy himself some media air time. What a cynic.
“would urge Mr. Bloomberg to raise his contribution to at least 3% ($ 1.5 billion) of his fortune to saving the world.”
If he honestly believes the fate of the world is at stake, anything less than 100% of his money, plus as much as he can get out of his wealthy friends would be total admission that he is a planet hating baby killer.
What it looks like is that the “five key areas for creating lasting change: Arts, Education, Environment, Government Innovation and Public Health.” are going to suffer by a large amount of money. So far from devoting money to support poor people around the world, Bloomberg is going use it for virtue signalling instead.
Folks, Bloomberg isn’t contributing any money – he has his foundation giving the money. Yes, that may be money he gave to the foundation in the past, but it isn’t as if he’s writing a new check. Secondly, the title of this article is incorrect – Bloomberg isn’t contributing to the Green Climate Fund. He’s contributing to an overhead organization in Bonn.
Greg said:
That 15 mil is just chickenfeed for him!
Is it no bad thing that the climate science fiction mob are funded by the deluded rich instead of by ordinary people through donations and once again through their taxes.
One of the most beneficial organic societal processes has always been the separation of fools and their money. Bloomberg will, and should be lauded for his action. His donated money will do no harm. It will be squandered in a few weeks on rich salaries, fine wine and luxury travel to exotic locations for the NGO parasite class. Hopefully Bezos, Musk, Zuckerberg, Branson and the execrable George Soros. Will step up to the plate as well.
correction last sentence should read
Hopefully Bezos, Musk, Zuckerberg, Branson and the execrable George Soros will step up to the plate as well.
I am curious about where the money for the foundation comes from. Is it contributions from individuals? Obviously, it is not from Bloomberg’s income. So if it is from individuals, are their contributions tax deductible?
If so, then we must make up the difference by paying more taxes. Anyone have an idea?
“It will be squandered in a few weeks on rich salaries, fine wine and luxury travel to exotic locations for the NGO parasite class.”
I question the notion that this money donation “does no harm”: it encourages more of this type of behavior.
I would argue that the donation does probably harm the United States. First, I assume this will be made either directly or indirectly through a foundation as a tax deductible donation and/or through a foundation that takes all of the funding outside of the estate tax. In either case the US will be losing tax revenue that it otherwise would have received. (I think Gate’s Foundation and all the other billionaire’s “giving pledges” are jokes – they are getting praised for “giving” their money to family controlled foundations and avoiding large estate taxes; thus their “giving” keeps the money within their family’s control and away from the federal government.)
I love this!!! I f this is a global, existential threat there should be no problem getting individuals to: Contribute
Stop using fossil fuels
Stop exhaling
Why does the government have to be the middle man when they can’t do their regular job properly?
Is Branson a parasite? I’ve seen no evidence for that, although if there is evidence, I’ll stand corrected. I thought he made his money fair and square from Virgin Records, Virgin Airlines etc. OK, he’s doing the Carbon War Room sh!te, but not sure it’s parasitism.
I did not label Bezos, Musk, Zuckerberg, Branson and the execrable George Soros as parasites in my comment. The NGO’s play the role of the tapeworm. Bezos et. al. are playing the unenviable role of host.
barryjo
Bloomberg Philanthropies now encompasses all of Bloomberg’s charitable activities.
Appears that a large portion of the fund consists of investments. No donor page on the website.
Annual reports are online.
The money [15 million US dollars] serve his tours expenses as the United Nations Secretary-General’s Special Envoy for Cities and Climate Change.
Dr. S. Jeevananda Reddy
Furthermore, the $15 million is a theft against the taxpayers in his state. Rather than go to the state and benefitting New Yorkers (as a tax payment) it’s going to a bunch of transnational businessmen who run the UNFCCC.
MRW and Patrick B, you are thinking like utter communists.
Michael Bloomburg’s money is HIS money. It doesn’t “belong” to the state, so his giving it to a third party is not “theft”. The tax code itself allows for charitable deductions, so how can laws allowing such giving be any sort of “theft”?
What if he had given the same amount of money to a environmental cause you favored? Would it still be a “theft”?
Get a grip.
We expect better thinking here at WUWT.
effinayright, sure it’s his money. But he gets to write it off as a tax deduction which reduces his taxable income. And yes, the tax code allows for charitable deductions. No argument there. But I’m not impressed with his so-called charity. Saying so does not make me a communist as you falsely accuse me of.
is the UNFCcC a charity? A 501, or 503 or otherwise recognized charitable organization? If not, then your comment doesn’t apply. Giving money to other governments does not qualify as charitable deduction, but if it is a tax, then a deduction is due. On the other hand, very little oversight of “charitable foundations” occurs, which is why so many of them pay out less than 5% of their spending for actual charity, versus fund-raising, salaries, office accouterments, travel, etc. That’s far less than I pay even the state of Kalifornia in income taxes, and I don’t get to take home the office art to hang in my home.
So, where does the money go? Well, after Obama gave the first $500mil, the GCF went and hired 120 people. Living in Seoul is quite reasonable, salaries for saving the planet, not so much. Accountability from the UN? You are kidding. Last year it was reported that one part of the UN could not account for $500mil. They have no idea where it went.
… and of course anyone working for the UN has diplomatic immunity and can not be prosecuted under any jurisdiction on the planet. NO ACCOUNTABILITY AT ALL.
$100bn per year slush fund with NO ACCOUNTABILITY , what could possibly go wrong?
They probably know where it went. They’re just not talking. Regardless, you can tell where the fertilizer landed.. Just look where the taller mansions pop up in the neighborhood weeds. (Better /sarc this. Don’t want to seem frothy. It’s sunday here.)
Hey, go for it! If the “donor class” would like to pick up the tab for ALL the idiocy the American taxpayer is sick and tired of paying for, knock yourselves out.
Why doesn’t bloomberg pay off New Yorks debt? Wouldn’t that be a big help to the city? Or how about housing for new Yorks homeless? Funny he has money for the UN when so many problems he could have solved when mayor remain.
Why doesn’t Bloomberg spend his money on more altruistic causes?
Because Bloomberg has been brainwashed into thinking CO2 is the “control knob” of Earth’s climate (or weather, or whatever–they seem to swallow anything that comes along).
With power like that, who wouldn’t put up huge (notice I didn’t say “YUGE”) sums of money to be in control–it’s all about power and greed.
Bloomberg OBVIOUSLY is not motivated by saving civilization from the perceived threats of climate change. If he were, he would be building a 10 meter high sea wall around NYC.
What a scam. What a scam artist, although still an amateur compared to Gore.
10 meter high? Would not a low curb do?
Bloomberg fits the old saying – “a fool and his money are soon parted”.
David J,
Viscerally, I am at one with you.
Much of this charity nonsense is poor-ish people in rich nations giving money to be abused by rich folk in very poor countries.
That said, sometimes charity giving can work wonders.
Micro-finance – where a few score or, rarely, a couple of hundred dollars is lent to a small business – very often run by a female – can result, very often, in a viable profitable, growing business.
Excellent outcome, especially if training is involved.
The big BIG Charities often have high costs.
Smaller ones often not. Do, please, seek to discriminate.
Thanks.
Auto.
David Johnson: do you know what is the
purpose of the UN fund, and where the
money is going?
Bloomberg has made his money off of your saving and pensions, via the banks.
Unfortunately, it is Bloomberg foundation money being offered up, as I understand it. Much of that comes from donations from someone or somewhere. So Bloomberg is making hay in the backs of others as usual for him.
“, offering a total $500 million in funding overall.”
The Green Climate Fund already has billions of dollars in it’s bank accounts, but is only coughing up $500 million overall ? Am I reading that correctly ?
You are indeed reading that correctly, Butch.
Furthermore, according to the Green Climate Fund (GCF) web-site ( here ), that $500 million will not go directly into green projects but will be distributed first to private banks with whom the GCF is “partnered” and the banks will then use it to issue loans to individual companies to carry out green development work in poorer countries. However, under the international system of fractional reserve banking, the banks will be entitled to issue loans far in excess of the initial $500 million – a process which the GCF calls “catalyzing climate capital” and “unlocking private sector finance in developing countries”.
I did not see any mention of interest-rates on loans or expected returns on capital investments at the GCF’s glossy web-site, but somehow I can’t imagine that at least the commercial banks with whom the GCF is partnered will be doling out all those green development loans without expecting to make a profit on them, even if the GCF itself doesn’t feel a need to do that too (which I suspect it does).
Of course, the final effect of all this green loan-giving will be to create new debt to the private commercial banks in developing countries. And since we are talking here about loans for green technology, which has already proven its economic disastrousness wherever it has been tried, it is predictable with very high confidence (i.e. p > 99.9%) that the end-result of the GCF’s adventure in international green banking will be the creation of yet another South Sea Bubble which, when it bursts, leaves the environment in worse shape and the human victims of its crackpot loan-scheme in worse poverty and misery than they were before the GCF came along to help them.
So this whole GCF con is just yet another bank bailout plan, designed to get people in poor countries even poorer and more in debt.
I’d been trying to find out recently at what point this “aid” turned in loans and usury. “Aid” is never given, it always has a price tag.
Thanks for explaining “catalyzing climate capital”.
You have that right, Butch. What we seem to have here is just a different form of money laundering offsite and out of reach of the government’s citizen taxpayers it came from.
Money laundering by a UN which is immune from prosecution in all lands. Nice idea.
“It is very encouraging to see that all actors reaffirm their willingness to work together”
So, if states and cities are going to go along with the UN, they still will be ripping off their tax payers to support the “Accord”. Trump only controls federal taxes. Looks like left hand/right hand for lots of folks. A question for our US readers. If Trump withdraws from the “Accord”, will the states and cities be breaking laws if they enter into any formal deals with a “foreign” entity? Are individual citizens breaking any laws? I actually think Bloomberg is setting himself up to run for President in 2020. Peanuts from Canada.
Maybe Bloomberg could pay for the wall as well. What a great man he would be. 🙂
Cheers
Roger
http://www.thedemiseofchristchurch.com
i doubt
Bloomberg is in favor
of a wall.
is he?
Maybe it would be appropriate to create a petition to the Bloomberg foundation to finance the wall. 🙂
so you don’t
know if Bloomberg is in favor
of a wall or not?
that’s what i suspected.
It makes a change from socialists wasting other people’s money.
Baloney. He’s stealing from fellow NY-ers. That money should be paid to NYC and NY State–as a tax payment–to benefit the people he lives among. “Philanthropy” is such a scam sometimes.
MRW: how is Bloomberg stealing?
what taxes is he avoiding?
He is a socialist! It’s easy to be a socialist with other people’s money when you’ve already got loads.
John: Bloomberg got rich by providing a
product (his terminals) and service (financial
data) that people wanted.
in other words, he got rich as a first-rate
capitalist.
US$15 million?
I must have misread!
Doesnt he mean US$15billion which is closer to Obama’s promise?
I thought that if the US signed they were committed to putting 3 billion dollars in the till every year? With a net worth of over 45 billion Bloomberg can do that for a time but it’s going to leave a mark.
I thought the same thing. These billionaires need to stump up a lot more if they want to live up to their claims of concern.
😉 But the point, TinyCO2, is to bilk all the developed countries that create their own currency. A freebie. The goal all along has been to get the US to fork over trillions to transnational corporations in the name of solving climate change, or global warming, take your pick without the transnationals having any real skin in the game. Just take a look at the principals mentioned in the UNFCCC financial operations. It’s right there. No different than what the banks, with the help of Cheney and Biden, did in 2005 getting government guarantees for student loans (and locking it in by not allowing kids to remove their debts in bankruptcy) to destroy the upcoming generation with debt servitude.
And some here on this board wail “socialism” about doing what was done after WWII to provide every kid with a free state university education because they’re not informed–or old–enough to remember.. (For shame)
What about Exxon? Weren’t they complaining about Clexit? They could do way more than Bloomberg to reduce carbon dioxide emissions by simply shutting down all their oil-based operations.
Roger, the $15 mil goes into UN overhead in Bonn.
I have to wonder which definition of ‘submit’ they are referring to:
1. to put forward as an opinion or contention
2. to yield to governance or authority
They possibly mean the first but appear to be following the second
Anbiguous, eh?
Both I think, John.
Sounds a bit like the UK’s ‘Big Society’.
Guess who’s running for POTUS in 2020!
No, the next dem. candidate will be a homo or a transexual. They’ve played the “first black” and the “first woman” cards ( that did not go quite to plan, so we’ll skip repeating that mistake ); the next token minority the left will play will almost certainly be the “first sexually disoriented president”.
Pocahontas!
Now if they could just get all the other Warmist Billionaires and Millionaires to donate their cash they could use the cash to help the poor in 3rd world countries get clean drinking water, clean cooking and some form electricity.
But don’t hold your breath that they will give any money in the first place, or that the UN will hand it out if they did.
No kidding.
I don’t think “Climate Change” has anything to do with clean drinking water, clean cooking, and any form of electricity whatsoever.
However, you certainly listed the very areas they should be targeting.
“Americans are not walking away from the Paris Climate Agreement,” said Bloomberg. “Just the opposite – we are forging ahead.”
I think the whole world is walking away-
“U.N. sponsored global poll rates climate change dead last”
Keen on spending other people’s money on feeling good about yourself.
“The problem with Socialism is that eventually you run out of other people’s money.” Margaret Thatcher
…This move simply reinforces my perception of President Trump’s genius when it comes to getting a good deal for US taxpayers. There never was any need for the USA to put taxpayer’s money into the UN Green Fund – rich virtue signallers like Bloomberg are happy to pick up the tab….
What does this fund pay for? You can’t limit CO2 simply by putting money into a fund.
I suspect that the fund is one of the main ways that environmental activists get paid. It exists to maintain a fifth column of anti-capitalist strike troops in our midst, and to enable them to subvert our technological civilisation by transferring resources to capital projects which are proven failures.
People like Soros are already spending their own money on this aim. So I am not surprised that they offer to pay – they are simply continuing to do something they are already doing…
Some of the fund is no doubt skimmed off for “expenses” and local “facilitation services”, but a lot remains, and is being spent on improving resilience of agriculture to extreme weather.
The US could easily turn the tables on the shrieking “Green” mob by diverting its money to its own overseas aid budget, spending money on worthwhile resilience projects that make sense regardless of whether or not extreme weather is getting worse.
Power plant construction comes to mind.
Lefty liberal government “troughfeeders” don’t have a worry or pressing need for much anything simply because most everything they need or want is provided by federal and/or state Agencies …… and thus it never dawns on them that “charity begins at home” and not in some foreign country.
Lefty liberal government “troughfeeders” do not pay “income taxes” on any income, wages or salaries that they are paid by their government employer or benefactor …… and thus most really don’t care how much “tax dollars” are diverted to “overseas aid budgets”.
Steve Fraser on June 4, 2017 at 5:48 am
“Power plant construction comes to mind.”
———‘—-
Bingo!
like gates and zuckerbergs grandstanding donations
its a HUGE taxbreak isnt it?
so at the end of the year he will not pay 15 mil taxes TO usa
As far as I know the GCF is not a charity. So, it should not be deductible from one’s taxes. Maybe someone knows for sure.
So Soros and Bloomberg they go well together as birds of a feather.
People can spend their own money any legal way they want. But this does not change the fact that the climate change we have been experiencing is caused by the sun and the oceans over which Mankind has no control. If you think that the use of fossil fuels is bad them stop making use of them and all goods and services that involves their use. Remember that it is your money that keeps the fossil fuel companies in business.
The gores and DiCaprio’s of the world want you and I to take a smaller slice of the pie so there will be more for them. They would never take their own medicine.
Willhaas,
I just made the same (or similar) comment to family members urging me to join them in a movement to “dis-invest” in fossil fuel companies. They said that was the most effective way to fight DJT’s “awful decision”. (None of us own fossil fuel stocks, but apparently that was of no consequence.)
After a short lecture on what determines the price of stock, I suggested that disinvestment would really have no impact on those companies (except allowing someone like Buffet to swoop in a pick up cheap stocks like he did with depressed coal companies).
However I DID suggest that the REAL way to hurt EXXON was to completely stop buying gasoline!
I asked who was going to go first?
“None of us own fossil fuel stocks, …”
Pension funds for workers and retirees, and mutual funds of many sorts do own stocks or bonds of companies that are part of the economy that runs on carbon based fuels. A person will have to live in a hut and eat crickets to escape the economic world.
Your family members should follow their instincts.
A Darwin Award awaits.
What you really need to do is educate them on the flawed and politicized so-called “science” which underpins their belief there’s a crisis, and educate them on the looming growth in global energy requirements and the utter futility of counting on “green” energy to ever displace fossil fuels (even if you count nuclear as “green”).
willhaas: Right on! Your second sentence says it ALL! If one disagrees, just have a look at the plot “Recent Monthly Average Mauna Loa CO2”, by NOAA. Clearly, quarterly variations in CO2 content cause the seasons!\sarc.
“Today, Mike Bloomberg, the United Nations Secretary-General’s Special Envoy for Cities and Climate Change, announced a commitment of up to $15 million to support the operations of the UN Framework Convention on Climate Change (UNFCCC) Executive Secretariat,”
He is funding supranational totalitarians with national public money. Not good.
His own money? Fine…
Reducing his tax burden, not fine.
Michael Bloomberg got his start working for Salomon Brothers.That tells you all you need to know about his integrity.
He is a born meddler with an unfortunate tendency to preach. He likes nothing better than to impose his values on other people.
Just more noise.
Did we *really* need to know this Mr Bloomberg?
In actuality are you just claiming to be be ‘more caring’ than everyone else, making yourself to me superior to everyone else (DJT especially) or that your willy is bigger than mine?
The superiority bit is where ‘socialism’, for all its claims about equality, will *always* fail. The socialists simply have to brag about, about how they are more equal. What made people so dumb?
Ordinary US Americans are already, by far, the largest givers to charity and do they make this much fuss about it?
Never mind fake news, we’ve got legions of Fake People and they’re so dumb they don’t see it.
Elsewhere WUWT discussed to Green Climate Fund. Much of the discussion was about bloggers learning what was going on.
I did not see it stated that there are several pathways of funds to the Green Climate Fund. These are harder to find than national Government contributions. Among them are contributions from individuals (a la Bloomberg) from States and regions, like California might try to do (Brussels, Wallonia, Flanders have started) and from cities (Paris has started) and interestingly, from local governments. The Agenda 21 plan spawned the spooky “ICLEI – Local Governments for Sustainability” plan which is in hush-hush territory here in Australia when I have tried to meet with Councils to investigate it. It spreads to programs for education of children.
Some of the details are here, with PSF being “Private Sector Fund. http://www.greenclimate.fund/partners/private-sector/about-this-facility .
A quote from it, “PSF is actively engaging with pension funds, insurance companies, corporations, local and regional financial intermediaries, and the capital markets.”
If you consider the Green Climate Fund as evil, as I do, you will be surprised how much more evil you can find by digging. What I have written here just scratches the surface. It has been evolving for years and is full of commitments and pledges little known to the taxpayers from whom the fund eventually are taken.
In passing, if Bloomberg amassed $45Bn, then he was engaged in a lot of activity that disturbed, maybe harmed, the environment. Maybe it is guilt that is causing him to enter into reparations. But why dress up guilt as hate for the US President?
Geoff.
The real pea to be watching is the pension funds. Organizations that control the investments of pension funds could put vast amounts into the CAGW scam. Once in, pensioners will be supportive of these activities just to protect their pensions. Collapse of the scheme would devastate millions of folks. This, to me, is a shrewd endgame – operated, of course, by financial institutions (banks and investment firms – think Davos and Bilderberg). Administered through the UN, the system would be free of all laws and regulations from sovereign states. The EU is the prototype for control by unelected officials. The final leg on the stool would be a World Court controlled by the UN, and a UN army for enforcement. Everything mentioned has been either proposed or discussed since the release of the Club of Rome gospel in the 70s.
Since the CAGW “scam” is in full collapse without huge amounts of tax dollars to keep it going any pension fund investing in any of the multitudinous schemes(wind,solar,spaghetti monster farts) would be immediately sucked dry. With no return on investment all the money vanishes and prosecuting the grifters will be another waste of money. Very nice, circular scam to drain away people’s money and leave them dependent on government handouts, which will continually shrink as more and more people are drawn into the system. Destroy America without firing a shot, Stalin and Mao would be so proud.
“… up to $15 mil…”
Notice the “up to” and lack of time specificity (up to $15 mil/year, or total?). There’s always a catch and an out.
I think I’ll offer to donate “up to” $15 million too! Heck, make it “up to” $15 Billion! Money for everyone! (Although it might not be as much as you want.) 😀
Seriously though, Bloomberg is welcome to spend his money any way he wants. Whatever floats his boat is fine with me.
Hey, he’s just using error bars in his estimate of the donation – give him a break.
I’m personally donating up to $100 trillion billion.
LOL. I see and raise you $100 quadrillion.
If you look at the money these green billionaires and funds have, one finds it must be pretty high. Right now the green fund shortfall is not so big. Only $3.8 bn. I’m sure that’s a better use of their money than paying Greenpeace, Sierra, etc. Even so, it’s a shame they can’t do something useful with it like eradicate disease or cure cancer:
http://i.imgur.com/6TgxU6q.png
It is funny seeing Japan at the top.They have a huge national debt, worse than ours.
Japan creates its own currency.
This money would be better spent creating a new Manhattan project to build efficient ‘renewables’. that produce electricity cheaper than coal and gas.
Once built they would be free to develop by the end manufacturer.
$6.5 billion…
I read somewhere that they spent over $6 billion on offices, employees, etc
Clean water followed by electrification for a third of the earth’s population would be the best place to start.
However, I’m not convinced those areas will be allowed–certainly not coal-fired power plants that somehow (through inventive reasoning) “contribute” to Climate Change.
He can give all the money he likes, as long as it is his to give and that the process is lawful. Lining the pockets of bureaucrats and foreign politicians was certainly always one part of the raison d’être of the Paris job. The other part was that it was designed to pave the way for new laws restricting fossil fuel use. Fortunately that is something Bloomberg will now probably not achieve during the next four years in the US.
If he wishes to ahem…”persuade” the foreign governments, maybe he should just give the money to them directly and cut out the middle men at the UN? However, I would caution him that these days he will find that a few $ tens of millions is not enough. They were kinda hoping for $ hundreds of billions per year, and even then Bloomberg would find that there is no guarantee that he would actually get the laws he is paying for.
Of course, it may just be a piece of open virtue signalling to make sure that ‘the right people’ are still the beneficiaries of green government-spending around the world, spending that does not have Trump’s pen hanging over it like the Sword of Damocles.
This is what I have been looking for.
The pro-global warmers can spend their own money on their own belief.
So far, they have really just wanted to spend your money.
Now we will see who really believes. Funny how having to spend your own money makes people much more conservative.
Does Mr Bloomberg realize that the 100 Billion for the green fund is a yearly sum? He is just greenwashing his image, not interested in the fund itself.
As it always should be, progs in favor of more higher taxes can step up and put their money where their mouth is. Good people ought to be armed as they will, with wits and guns and The Truth.
Yes let all the Tom Steyer , Leo Decrepido types send their money to the GCF. Also downsize their homes, park their limos, Mothball their private jets.
Let’s just see.