Hypocrites Preaching Green

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By Ronald Stein

Founder and Ambassador for Energy & Infrastructure of PTS Advance, headquartered in Irvine, California

If you don’t know who Tom Steyer is, you should.  He’s the guy riding in the internal combustion powered limousine that drops Al Gore off at his speaking engagements.  

Mr. Steyer, a billionaire former hedge fund manager, who has become the most influential environmentalist in American politics, made his billions from the coal-related projects his firm bankrolled that have and will generate tens of millions of tons of carbon pollution for years, if not decades, to come.

His former firm Farallon, was appropriately named after a shark-infested shoal on the California coast, and it quickly earned a reputation for take-no-prisoners investing, raking in millions, and eventually billions. For more than 15 years, Mr. Steyer’s fund, Farallon Capital Management, pumped hundreds of millions of dollars into companies that operate coal mines and coal-fired power plants from Indonesia to China.

Farallon invested in a subsidiary of Indiabulls, an Indian financial conglomerate, in 2008, just as the subsidiary began expanding into coal-fired power. Two years later, Indiabulls began construction on two massive coal-fired power plants: the 2,700-megawatt Amravati plant in central India and the 1,350-megawatt Nasik plant outside Mumbai. When completed, Amravati is expected to be one of the largest coal-fired power plants in India locking in decades of carbon pollution.

In 2007, Farallon provided funds for the sale of Meiya Power, an electric utility that operates four large coal-fired power plants, which collectively produce about 7,000 megawatts of power. Combined, the completed Indiabulls and Meiya plants will produce about 60 million tons of carbon pollution a year.

The expected life span of those facilities, some of which may run through 2030, could cloud the credibility of Mr. Steyer’s clean-energy stance.

Today, it is appalling that Steyer is using his emissions profits to fund his image as the “environmental savior” to combat climate change. It is basically hypocritical to claim oneself a great environmentalist while investing in the very same technologies you rail against. Steyer’s shark instincts are now securing a wealth of investor funds from those who believe and support his green messages.

For electricity generation, green is good, but Steyer and his buddies Bernie Sanders and Mike Bloomberg are tight lipped about the extensive land required for the intermittent electricity from wind turbines and solar panel farms and where to place them for maximum exposure to sun and wind year- round.  The land acquisitions necessary to pull that off are nightmares waiting to happen. And then, its only intermittent electricity when the sun is shining, and the wind is blowing.

Steyer and his buddies are shockingly unaware that oil and gas is not just an American business with its 135 refineries in the U.S.,  but an international industry with more than 700 refineries worldwide that supply oil products and fuels to the world. Without the U.S refineries our country would become a national security risk being dependent on foreign countries for our existence.

With the winter weather most of the country has endured this year, going green would have resulted in a very dark America with numerous weather-related deaths from exposure to the elements because of no electricity.

Green is good, but Steyer and his followers have yet to propose replacements for the products from deep earth fuels that contribute to ALL medications, electronic components, air travel, shipping, transportation, and commerce.

Steyer, Bernie Sanders and Mike Bloomberg have yet to provide substitutes for the economies around the world that are directly connected to the prosperity of energy dense deep earth minerals and fuels that support the following infrastructures that benefit from the thousands of products that move things around the world.

· Medications, vaccines, antibiotics, and medical equipment that are all made with the derivatives from petroleum.

· Electronics that are all made with the derivatives from petroleum.

· Commercial aviation, with 23,000 commercial airplanes worldwide that has been accommodating 4 billion passenger annually.

· Cruise liners, each of which consumes 80,000 gallons of fuels daily, that have been accommodating more than 25 million passengers annually worldwide.

· The USA has 98 operating nuclear power reactors in 30 states providing 20% of carbon free electricity in the USA.

· The 52,000 merchant ships burning more than 120 million gallons a day of high sulfur bunker fuel (soon to be converted to diesel fuel to reduce sulfur emissions) moving products worldwide worth billions of dollars daily.

· The military presence that protects each country from each other, is increasing each year to save the world.

· Usage of fertilizers that accommodates growth of much of the food that feeds billions annually.

· More than 8,000 coal power plants in America providing continuous electricity to citizens.

· Vehicle manufacturing as all parts are based on the chemical and by-products from fossil fuels.

· The usage of asphalt for road construction.

Again, green electricity is a good idea, but the inefficiencies of those renewables, and the huge subsidies required to move in that direction negatively affect the consumer. Like Germany, America’s renewables are becoming an increasing share in electricity generation, but at a HIGH COST. In California alone, intermittent electricity from low power density renewables has contributed to California household users paying more than 50% and industrial users paying more than 100% above the national average for electricity and may be very contributory to America’s growing homelessness and poverty populations. 

Despite the debut of 45 pure electric and plug-in hybrids in the United States last year, only 325,000 plug-in passenger vehicles were sold, down 6.8% from 349,000 in 2018, according to Edmunds. That is just 2% of the 17 million vehicles of all types sold in the United States in 2019. Tom Steyer’s advocating that electric vehicles will replace every other vehicle on the road is far-fetched.

Until they figure out how to power a 4500 pound Maybach with bulletproof windows and panels all around that can cold start on a dime and get out of harm’s way when a diplomat needs to exit a venue post haste, the intermittent electricity and lithium powered vehicle market will always only be a niche market.

Ronald Stein, P.E.
Founder and Ambassador for Energy & Infrastructure
PTSadvance.com

66 thoughts on “Hypocrites Preaching Green

  1. A profound bigotry. Most people enjoy green. Many people profit from Green. The environment is not amused. People can’t be so green. However, the climate is changing.

      • And what is meant by “carbon pollution” is neither carbon nor pollution. It is carbon dioxide, which is a basic building block for plant and hence animal life.

        • Yes, it’s pretty stupid of someone criticising the green agenda to adopt its heavily weighted and politically charged terminology.

          If you accept their lexicon you accept defeat before you start.

        • Spot on. Carbon dioxide is not a pollutant. The terms “carbon emissions” and “carbon pollution” are used by the retarded “green planet saviours” and the warmunists, to make feel people guilty of polluting the planet….

    • n.n – when pineapples are grown in Alaska, I will believe that climate is changing.
      Maybe some areas become warmer and other areas become cooler. That is not climate change. That is minor weather variation.

      • Twenty thousand years ago, my neighborhood was buried under an ice sheet a mile thick. Then it melted. More recently, we have had the Medieval Warm Period (MWP), followed by the Little Ice Age (LIA). Some time around 1850 the LIA was over and it had warmed sufficiently that glaciers all around the world, which formed during the LIA, started to retreat.

        There’s plenty of evidence that the climate changes on a global basis. The warming since the mid 1800s is attributable to the natural rebound from the LIA. That should be the null hypothesis when folks try to attribute the modern warming to human causes. It’s also why the alarmists had to kill the MWP and LIA using Dr. Mann’s fraudulent hockey stick. (By refusing to appear in court, and by failing to appeal, Mann has, by adverse inference, admitted that his hockey stick is a fraud.)

        Change, it’s what the climate does.

        • 10F increase in one day?!? If that trend continues, the oceans will boil away by February 29th.

          AAACKK! We’re all gonna die!

      • toorightmate

        100%!

        Nor is the climate changing, there’s snow, wind, rain, hail, etc. somewhere. Energy is never lost.

        The temperature is gently fluctuating, that’s certainly true, but as you say, all the rest is just weather variation.

        In the winter of 2017/2018 there were 50,000 Excess Winter Deaths in the UK. In the ‘unprecedented’ Indian heatwave of 2017, there were 222 deaths.

        UK Pop. 60m – Indian Pop. 1.3bn with ~70m living off less than $1.90 per day; classified as extreme poverty.

        Someone hates, predominantly white, Europeans.

    • The author concluded with a reference to the armored limos the hypocritical elite ride around in… they do not weigh 4,500 pounds, typically they are closer to 20,000 pounds.

    • That was my thought too.
      Greening the environment is good, but the Green campaign is effectively the opposite, both biological, ethic, political and economical (except to the Green industry).

  2. No surprises there, making billions in a part span usually involves bilking the gullible. Making billions from productive enterprise is the work of generations.

  3. surely a bullet proof car designed for diplomats and costing over $400 000 is a much better example of a
    niche market than an electric car like a Nissan leaf costing less than 1/10th the price.

  4. I am constantly baffled at how people can follow and believe such stupendous hypocrites! Baffling. Never mind we don’t understand climate- we don’t understand why people would knowingly follow such fraudulent hypocrisy.

    • Al,
      just because someone is a hypocrite doesn’t mean the positions they take are wrong. After all
      Donald Trump speaks at pro-life rallies.

      • So you are saying Trump isn’t pro-life?

        Maybe you didn’t hear the story he told about why he changed his opinion from pro-choice to pro-life.

        There’s a difference between having an epiphany and being a hypocrite.

      • Izaak Madeupname: How is that hypocritical for Trump? He’s never had an abortion. Contrary to what you must think, this site does not give a prize for the most off-topic trollery.

    • There was an article in Drudge yesterday about Prince Chuck flying over 16,000 miles in order to spend time with St. Greta.

      • MarkW: I instantly recognized that as fake news. Prince Charlie would fly in kilometers, not miles!
        He likely did this, not for the kid crusade, but because Greta’s scowl and spit-flecked “how dare you” bring back memories of his first wife.

  5. At this point I could support strip mining green billionaires wallets. Some folks are seriously mental to listen to these helicopter commuting hypocritical.

  6. “When completed, Amravati is expected to be one of the largest coal-fired power plants in India locking in decades of carbon pollution. “

    Err, what?
    Carbon pollution? Please explain!

    • Would a rewriting of the phrase do?:

      When completed, Amravati is expected to be one of the largest coal-fired power plants in India locking in decades of carbon dioxide fertilization and increased living standard.

  7. Until they figure out how to power a 4500 pound Maybach with bulletproof windows and panels all around that can cold start on a dime and get out of harm’s way when a diplomat needs to exit a venue post haste, the intermittent electricity and lithium powered vehicle market will always only be a niche market.

    Hmmm, looks like Ronald Stein, P.E. has never had the opportunity to drive a Tesla. Cold starts and neck snapping acceleration is what an electric car does best. Road trips to Yellowstone and Grand Canyon not so much. Niche market? You bet and that niche is local trips.

    I want a small two door hatch back electric to zip around in – too bad nobody makes one.

    • Steve C claims …….

      Cold starts and neck snapping acceleration is what an electric car does best.

      “YUP”, even in the wintertime when there is 1/4” of frost, ½” of ice or 5” of snow on the windshield.

      Ya just turn “ON” the key …… and all that frozen H2O suddenly evaporates without any help from the car’s batteries …… and off you go with a “full charge” in every battery.

  8. RE: “….and will generate tens of millions of tons of carbon pollution for years, if not decades, to come.”
    Ronald Stein suffers from some of the same CO2 delusions as Tom Steyer, it seems…..

    • Perhaps Ronald is using the Greens’ own ridiculous misuse of “carbon “ for co2 to mock them. If so, too subtly. I’m pretty sure he knows the difference.

  9. Ronald,
    “….expected life span of those facilities, some of which may run through 2030….”. I think you probably meant 2050 or later.

    • Exactly!
      Believe coal fired plants have a life expectancy varies from 40 years to infinity, as part can easily be exchanged as they deteriorate.

      • One of the coal-fired units (100 MW capacity) where I worked was built in 1944 and operated until 2014 — closed due to enviro-wacko regs. It was still in good condition.

  10. I have heard one or two environmentalists change their tune and now support nuclear as the way forward to a low carbon future. I can’t tell if that’s significant, or just noise.

    Three Canadian provinces want to develop small modular reactors as their contribution to reducing CO2. Again, is that signal or noise?

    • Not sure.
      There is a Danish team/company investigating/developing thorium based nuclear. They started a few years ago. When such thing happen in a country with a total nuclear ban at all levels, I wonder if this could be silence before the storm.

      If specific prefabricated nuclear power plants can become a certificate of approval, it would help lower the price and the speed of proliferation. Then even Denmark, Germany, New Zealand, etc. would change their attitude.

      • Is not the US Navy a big user of those “prefabricated nuclear power plants”?

        If they are easy to install in a submarine, ……. they should be easy to install bout anywhere.

        • You don’t want a submarine nuke. They are all pressurized water reactors with all the problems. Newer generations, mostly ideas only at this point, do away with the pressure and control fission, energy removal, and power generation by other means.

          Some of the best designs simply quite working if anything goes wrong. Hence the idea of a grid of small, intrinsically safe reactors instead of a few huge ones. It’s safer, needs less grid modification and pretty much limits widespread blackouts.

        • Military equipment is not subject to the same certificates of approval as civilian equipment.
          Russia has a standardized floating nuclear power plant. I understand they are for rent.
          In this article you can read about the Russian floating platform and the one attempted off shore from New Jersey in 1979. Greenpeace is always ready to block any progress.

  11. Quitre simple. Giant financial companies are best positioned to cope with increasing regulations and laws, it is what they do.
    He sees a competitive advantage in complicating the playing field, and advantages in playing for the other team.

  12. Quite simple. Giant financial companies are best positioned to cope with increasing regulations and laws, it is what they do.
    He sees a competitive advantage in complicating the playing field, and advantages in playing for the other team.

  13. Not knowing Mr. Steyer, my guess is that his great wealth has left him unable to understand the economic constraints that govern most people’s lives. If you’re rich you have no idea what anything costs because nothing you need to buy (including medical care and college tuition for your children) costs you anything, in the sense that, if you buy it, you won’t have enough money left over for something else. You are free from scarcity. Rich people know that there are middle income people somewhere, but they never actually run into any of them in any significant way, so the middle classes may as well be the citizens of Uganda for all that the rich care about them.

    You kind of sort of notice that the posters on this site are well-educated. So how many people do you know, dear reader, who may have IQ scores around 100? Not many, right? How often do you worry about people of mid-range intelligence? Well, that’s how rich people fell about the middle classes.

    • He improved my life in so may ways … for example, when I need to buy a bag of dog food, I just order it on Amazon – dang, that’s Jeff Bezos. Mr. Bezos deserves his billions. Mr. Steyer won them in a zero-sum game.

  14. As long as the greens fail to come up with a viable alternative for fossil fuels they can be ignored. The alternative should be a worldwide solution. Currently proposed clean fossil free energy alternatives are pathetic. It is easy to be against fossil fuels for arguably being pollutants but this only convinces if you come up with an alternative. And then, moreover, for all the money spent on climate we, the Netherlands, could have added another three feet to our dikes to keep us safe and dry for the next century.

  15. The statistics referred to list not 8.000 coal fired power plants (which would be an incredible number therefore I checked) but 336 coal fired power plants for 2018.

  16. Unfortunately the hysteria about Carbon, as it is popularly known will probably lead to a hundred thousand deaths per year or more in 2025. Why? In the 2017 to 2018 winter period in the UK, there were an estimated 50,100 excess winter deaths in England and Wales. If you look at the govt’s own figures for electricity generation by 2050, when the sun doesn’t shine and the wind doesn’t blow like last week, we will have a massive deficit in supply and when the electricity doesn’t flow electric heating doesn’t work neither does the pump for the gas central heating. See my analysis
    https://adriankerton.wordpress.com/005c-will-the-lights-go-off-in-january/
    So how many of our people are we willing to sacrifice to supposedly save the planet?

  17. Steyer is running ads in the NY market declaring that he will, “End climate change.” This presents three possibilities.

    1) He is stupid. (Not likely)

    2) He is delusional. (Many CEO’s are egotistical.)

    3) He is a liar. (Rhymes with Steyer.)

    • Steyer declaring that climate change must be ended is like declaring the Sun should rise in the West and set in the East.

    • Steyer is going to “end climate change”.

      Now that’s funny (ridiculous)!

      Steyer apparently doesn’t know this subject very well.

      Unfortunately, Steyer does know how to manipulate the political scene with his money. He is very good at doing that.

  18. Here is a summary from GE (General Electric):

    GE is proud to have 80 years of experience and the broadest range of air quality control systems (AQCS) for coal power. Our technology can address all the sources of non-greenhouse gas emissions, like NOx, SOx and particulate matter from any coal-fired power plant and remove up to 99% of the local emissions.

    It is unfair to coal to compare prehistoric installations with those of today. The same thing goes for cars and trucks of 1960’s and those of today. If former DDR had still been there today, Traband cars would still color the air blue in the towns of eastern Germany.
    https://www.youtube.com/watch?v=1HsDE9dXdPM

    The last 50 years have seen an immense improvement, in particular in highly developed countries with huge fossil fuel consumption per capita.

    So on the one hand Tom Steyer is doing a good deed building modern coal fired power plant in India, but on the other hand Mr. Steyer is hindering healthy development with his investment and promotion of the inherently problematic weather dependent power generation.

  19. Motto of the uber rich: I have mine, who the **** cares about you? You will NEVER get anymore and I will make sure of that.

    • Sheri, he can not stop you from running a business and making money as well, stop complaining about what others say or do, and get smart about making your own.

  20. The only thing green about Tom Steyer is his wallet, full of green Benjamins, which he got selling black coal plants to China. Since China doesn’t have EPA regulations, coal-fired power plants belch out far more toxic particulates there than in the USA, which is why so many Chinese people wear masks outside.

    The air over US cities is cleaner now that it was in the 1960’s, despite the increased power consumption.

    Carbon dioxide emissions, per se, are very green–they make green plants grow faster!

  21. When completed, Amravati is expected to be one of the largest coal-fired power plants in India locking in decades of carbon pollution reliable electric service.

    Fixed.

  22. Despite the debut of 45 pure electric and plug-in hybrids in the United States last year, only 325,000 plug-in passenger vehicles were sold …

    And how many of those were bought by governments and corporations wanting nothing more than to make a political statement – using someone else’s money, of course.

  23. Steyer has no chance of clinching the nomination. He must like to see his name on national news. But I would wish he makes it to the face-off with Trump. I am curious about what he would call him. BS Steyer maybe? But I guess standing with Warren on the stage makes anyone look solid.

  24. Fox News Entertainment has an article today on Five Celebrity Climate Hypocrits. They should have done something difficult and found five celebrities or climate scientists who are NOT climate hypocrits.

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