California State Treasurer Pledges More Debt to Fight the Climate Crisis

Official State Treasurer Portrait of John Chiang
Official State Treasurer Portrait of John Chiang. By State of California – http://www.treasurer.ca.gov/portraits.asp, CC0, Link

Guest essay by Eric Worrall

“A billion here, a billion there, pretty soon, you’re talking real money” – attributed to Everett Dirksen

California first to sign Green Bond Pledge to fight climate change

Bond market to finance eco-friendly projects

By: Keith Carls
Posted: August 08, 2018 08:28 AM PDT

SANTA MARIA, Calif. – California finance officials are taking greener steps to battle climate change blamed by many for the state’s chronic, devastating wildfires.

“We know that our wildfires are becoming faster, they’re becoming more intense”, said California Treasurer John Chiang who signed the Green Bond Pledge on Tuesday, “we need to make sure we come up with the proper financing to build infrastructure so that Californians can protect themselves.”

Read more (includes a video): https://www.keyt.com/news/environment/california-first-to-sign-green-bond-pledge-to-fight-climate-change/778927009

Your money matters – remember to give generously so Californian politicians can finance large climate projects on your behalf, assuming you have any spare cash after paying your green electricity bill.

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Jim
August 10, 2018 5:12 pm

Warmunists will say anything to get money.

Sweet Old Bob
Reply to  Jim
August 10, 2018 6:21 pm

The stupid : it burns… through money like it was OPM (other peoples money )
And yes , they are addicted ….

old white guy
Reply to  Sweet Old Bob
August 11, 2018 2:21 am

every time I see the level of stupid these guys show, I think of the line from the song in the wizard of oz, “if I only had a brain”. I think everyone in CA has become terminally stupid.

Greg
Reply to  old white guy
August 11, 2018 2:41 am

A fraction of the amount they are trying to waste on reducing “carbon” , if spend on forest management, could actually have some impact on the REAL, instead of wasting it on an issue they are trying to pretend is the principal cause.

This is the over riding problem with the “carbon” obsession : that inverted priorities lead to poor or even disastrous spending choices.

Not only will the money on preventing “carbon” not change an iota, it will mean funds get diverted from where they could actually have an impact and do some good.

Randle Dewees
Reply to  old white guy
August 11, 2018 4:41 pm

Well, think again, there are lots of people in California that opposed this kind of thing and by your your definitions are not stupid. Can “We” stop it? No, the politics are against it.

Gary Pearse
Reply to  Randle Dewees
August 12, 2018 9:13 am

Randle, don’t make the same mistake as the commenter who said ‘everyone’. We even have British declared socialists who frequent this site and rail against the terrible science of “tipping point’ alarmist climate. There is no question knee jerk ideological types populate both sides of the issue. But here they are outnumbered by scientifically literate dissenters from the consensus crowd.

Taking a position against the status quo can turn out to be wrong, but one can change one’s mind if convinced. It is a perfectly honorable position. Swallowing the status quo position without thought or examination and going into battle on it is easy and not as honorable.

Wally
Reply to  Randle Dewees
August 12, 2018 9:53 am

“Lot’s of people in California that opposed this kind of thing”?

Compared to the overwhelming clueless % that support such scams.

A grifter will tell you that the best scams are the ones that the mark never even notices until long after the fact.

Hot under the collar
Reply to  Jim
August 11, 2018 2:57 pm

It’s la la land, don’t worry they’ll win the money back (and lose jobs to pay for it) by suing a few big Corporations with court cases based on fake science.

mikebartnz
August 10, 2018 5:15 pm

What on earth does he mean by wild fires becoming faster? What a dumb sod.

Jim
Reply to  mikebartnz
August 10, 2018 5:29 pm

These wildfires have a faster time in the 100 meter dash.

Bryan A
Reply to  Jim
August 10, 2018 7:40 pm

The one that devastated Santa Rosa back in October 2017 moved at more than 200′ per second or about 2 miles per minute … pretty fast if you ask me

Pierre
Reply to  Bryan A
August 10, 2018 8:00 pm

140 mph! count me sceptical

MarkW
Reply to  Pierre
August 10, 2018 8:30 pm

Fires can move pretty fast if they are going up hill with a strong wind behind them.

Eric Stevens
Reply to  Pierre
August 10, 2018 9:45 pm

Once the wind gets up fires can suddenly jump enormous distances.

Adrian
Reply to  Pierre
August 11, 2018 7:03 pm

Bush fires in Oz quite often travel at 100 kph. Its called crowning. The heat vaporises leaf oil which explodes 100 meters ahead of the fire front and allows the fire front to travel this fast.

lee
Reply to  Bryan A
August 10, 2018 8:01 pm

And the comparison fire? Faster than which one?

Juan
Reply to  Bryan A
August 10, 2018 8:37 pm

Santa Rose was a geoengineered fire that burned much hotter than a normal fire can.

Greg
Reply to  Juan
August 11, 2018 2:47 am

Explain geoengineered fire.

What are you trying to suggest? Forestry mis-management or HAARP?

Reply to  mikebartnz
August 11, 2018 7:42 am

Fire is much faster at 14.5 °C than it was at 14.0 °C… /SARC

Latitude
August 10, 2018 5:15 pm

does it ever occur to any of them that there might be a reason they are the first?

Joey
Reply to  Latitude
August 10, 2018 5:53 pm

And one of those reasons is because of freaks like Forrest Gordon Clark who started the “Holy Fire” in Orange County. And without question, California authorities would be very tight lipped about others caused by similar crackpots.

wsbriggs
Reply to  Joey
August 10, 2018 6:26 pm

Ah yes, the Holy Fire. Having mountain biked the Cleveland National Forest, it’s funny that they couldn’t bring themselves to use the real name of the trail where it started – the Holy Jim trail. Holy Jim was a recluse who lived up the Trabuco Canyon. His verbiage was significantly less than holy.

My favorite trail, the Harding Truck Trail doesn’t exist any longer on MB maps. It was originally cut to aid in fighting wildfires, but the terrain consists of largely coarse sediments without a good imbedding matrix, thus it washed out everytime a significant monsoon rain hit. After one good rain the start of the trail had a 20 ft deep crater where a culvert had once tried to keep water from washing out the trail.

Marque2
Reply to  wsbriggs
August 10, 2018 10:37 pm

A few of the trails have been blocked but housing and resort development
I liked the Holy Jim trail – little museum with a live butterfly display and then a mile and a half to the holy Jim falls.

Gunga Din
August 10, 2018 5:27 pm

Throw more Green on the fires.
Guess that makes sense in California.

ScienceABC123
August 10, 2018 5:32 pm

Any time someone in the government says “we need to make sure we come up with the proper …” you know they don’t have a clue.

August 10, 2018 5:34 pm

The Californian State Treasurer pledges more debt in the fight to discover any signs of Climate Crisis…… You would think that a man in his position would have acquired more common sense during his career.

eck
Reply to  nicholas tesdorf
August 10, 2018 6:54 pm

Common sense is a big liability for a CA politician. Hence, few have any.

william Johnston
Reply to  nicholas tesdorf
August 11, 2018 7:11 am

They don’t teach common sense at the schools out there.

August 10, 2018 5:43 pm

Californian politicians need more pocket (Other People’s) money?
To help fill-up the pockets of crony capitalists?
Who’s in whose pockets?

J Mac
Reply to  tom0mason
August 10, 2018 7:29 pm

This is California. Crony Socialism is state approved. Anything related to capitalism ist verboten.

Joey
August 10, 2018 5:50 pm

California state has a “treasurer”? Huh…..who knew? I thought it had a bankruptcy trustee.

Davis
Reply to  Joey
August 10, 2018 6:44 pm

Apparently, “balancing the books” is no longer one of a treasurer’s jobs.

H.R.
Reply to  Davis
August 10, 2018 7:06 pm

What has it changed to, fudging the books?

Greg Cavanagh
Reply to  H.R.
August 11, 2018 7:15 am

Infilling missing values and homogenizing the resulting average, works for Climate Science, so why not the treasury?

Bryan A
Reply to  Davis
August 10, 2018 7:45 pm

Well it doesn’t take much time to add zero to zero

Bryan A
Reply to  Joey
August 10, 2018 7:44 pm

Of course Ca has a treasurer and he is the loneliest man on earth. Not much to do I guess but think of new ways to spend money he hasn’t seen yet

segraves
Reply to  Joey
August 12, 2018 2:22 am

CA is far from bankrupt…as long as any citizen has ten cents in his/her pocket that can be picked by our leftist politicians.

JimG1
August 10, 2018 5:55 pm

Since they are unlikely to secede from the US and are most likely to be looking for federal funds to bail them out eventually, can we disaffiliate them from the Union? At least the southern part of the state. Maybe Mexico would take them. Need a plan to conserve those conservative bastions that do exist in CA while getting rid of the rest.

Davis
Reply to  JimG1
August 10, 2018 6:42 pm

“Maybe Mexico would take them.”? What? Do you want the Mexicans to start building their own wall?

mark from the midwest
August 10, 2018 6:02 pm

We’ll be watching that Moody’s rating, maybe they can beat Illinois to junk bond status

JimG1
August 10, 2018 6:04 pm

And who in there right mind would buy green bonds from CA? What rate of ìnterest would they need to offer to sell such stupidity?

u.k.(us)
August 10, 2018 6:06 pm

“I’m from the government and I’m here to help.”
======
Sorry, couldn’t resist.

eck
August 10, 2018 7:04 pm

“…….after paying your green electricity bill.” Yes, we have the highest electric rates in the (continental) US. Thanks to ignorant boobs such as this guy. He just can’t help spouting the party line on the “climate change” nonsense re: the fires.
Remember, you only get to vote for Democrats in this crazy “top two ” primary state.

August 10, 2018 7:32 pm

California seems to have no memory politically. Anyone who experienced Jerry Brown’s first two terms in the late 1970’s and early 80’s is either terminally ignorant or a masochist if they voted for him again. The “green projects” financed will probably prove to be Jerry Brown’s toy train.

Juan Slayton
August 10, 2018 7:35 pm
Juan
August 10, 2018 8:34 pm

For more green produce more CO2.

Alasdair
August 11, 2018 12:55 am

It requires carbon emissions to produce money; so borrowing the stuff is counter green policy.
Further; If you do borrow it then you need to borrow more to finance the subsidies involved.
To avoid going down this plug hole you need to SPIN like mad in a vortex of verbal inaccuracies.

Wiliam Haas
August 11, 2018 3:56 am

The reality is that the climate change we have been experiencing is caused by the sun and the oceans over which mankind has no control. There is no real evidence that CO2 has any effect on climate and there is plenty scientific rationale to support the idea that the climate sensitivity of CO2 is zero. So even if California spent an infinite amount of money and managed to remove all CO2 from the Earth’s atmosphere the actions would most likely end life as we know it on this planet but the effort would have no effect on the Earth’s climate.

ralfellis
August 11, 2018 4:02 am

But numbers of US wildfires are actually decreasing. Or is he saying that global warming only acts in California, and nowhere else?? Clearly, there must be alternate reasons for an increase in Californian fires – things like more people, and more vagrants perhaps….

comment image

kat
August 11, 2018 4:43 am

The Israelis have their Med-Dead Hydro project. California should investigate the feasibility of a Pac-Death Hydro project. Cannot get much greener than that!

kat
Reply to  kat
August 11, 2018 6:02 am

Mediterranean to Dead Sea Hydro Project
comment image

Juan Slayton
Reply to  kat
August 11, 2018 11:15 pm

Leave us not forget the Qattara Depression project in Egypt.

sparko
August 11, 2018 4:55 am

I wonder how much of this money will be diverted into activist’s pockets ?.
After all spreading the word is very expensive nowadays

Greg Cavanagh
Reply to  sparko
August 11, 2018 7:19 am

Only one figure would be believable. 100%.

sparko
Reply to  Greg Cavanagh
August 11, 2018 10:39 am

I guess that’s what he means by “fighting climate change”

pochas94
August 11, 2018 7:06 am

Can the US afford California?

Andy Pattullo
August 11, 2018 7:09 am

Wildfires are faster in terms of reaching the front page, in getting political attention, in sucking up poor peoples taxes, in making excuses for crappy government policy, in diverting attention from all the things California’s government has a duty to do but has failed to do to reduce real social issues affecting peoples lives.

Bruce Cobb
August 11, 2018 8:31 am

What’s this “green bombs” I keep hearing about? I thought Cali was a peace-loving state. “Make love, not war”, that kind of thing. And who would they be dropping these things on, anyway? It’s an outrage.

RCS
August 11, 2018 10:28 am

Speaking as Brit, I find California a bit of a puzzle. Beautiful scenery, charming people, but some of their politicians seem to have got an even bigger screw loose than over here.

Is it something psychoactive in the water? Is it the after effects of politicians’ misspent youths taking drugs?

Is it the “Ineptocracy”?:
“A system of government where the least capable to lead are elected
by the least capable of producing, and where
the members of society least likely to sustain themselves
or succeed, are rewarded with goods and services paid for
by the confiscated wealth of a diminishing number of producers”.

or is it the effect of a liberal education at UC? (In this case all Californian politicians should spend time “abroad”, preferably somewhere cold, where they can be de-programmed).

James Francisco
Reply to  RCS
August 11, 2018 11:31 am

RCS. My hypothesis for California craziness is due to their ancestry. Their ancestors were mostly from the eastern and Midwest part of the country. These parts were fairly civilized and not over crowded but they loaded up their wagons anyway and headed for the free stuff, land and gold. Only the tough ones made it. Wacky and tough is what you got.

Dave Fair
Reply to  James Francisco
August 11, 2018 11:59 am

No, James. Geology is the answer: The entire continental U.S. tilts to the South West and everything loose rolls into CA.

James Francisco
Reply to  Dave Fair
August 11, 2018 12:08 pm

Thanks Dave. A good hypothesis down the drain.

Mjw
Reply to  Dave Fair
August 11, 2018 9:00 pm

I thought it was “God turned America on its side and all the loose nuts fell to California”

Cube
August 11, 2018 3:00 pm

The denizens of California deserve to have their tax dollars spent on stupidity. They, after all, voted for these nut jobs.

tom s
August 11, 2018 6:38 pm

How’s he “fighting” it? Good grief. Direct the money elsewhere you effing leftist idiot!

whiten
August 12, 2018 3:30 am

It is a shame to see Cal fall so low, a State that supposed to have a very strong and very good economy.

These days many undeveloped countries with their economies hunging on the ropes, can not get much of any loans ( debt) unless priory accepting report findings that claim most of the problems are due to climate change, and even any loan amount assessed only after a change in the legislation to accommodate and secure future green projects, is achieved and put in place.
And the loans are managed usually by a selected board of green devotees.

These days many such countries, due to their very weak economies. and pure desperation for funds for development accept, with no much choice, such debt (loan) conditions.

It really is a shame to see a once shining economy, like that of California to have dropped so badly to such a low….. really a shame.

cheers

wharfplank
August 12, 2018 9:14 am

My son lives in San Diego and is paying ,45 cents k/h. Nice.

Johann Wundersamer
August 15, 2018 4:17 pm

“SANTA MARIA, Calif. – California finance officials are taking greener steps to battle climate change blamed by many for the state’s chronic, devastating wildfires.”

Are there still “more greener” steps left for Californian finance officials. Let it be.

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