https://www.rebelnews.com/the_green_energy_scam_is_starting_to_collapse_marc_morano
By Rebel News
CEOs of Western automakers are fed up with ‘hemorrhaging money,’ Climate Depot’s Marc Morano tells The Ezra Levant Show.
With so much going on in the world right now, it’s easy to overlook the decline of so-called green energy policies. Here in Canada, premiers across the country are pressing Prime Minister Justin Trudeau’s federal government for relief from carbon taxes after the Liberals granted Atlantic Canada an exemption for home heating oils.
On last night’s episode of The Ezra Levant Show, Marc Morano from Climate Depot joined the show to provide his insights into this underreported phenomenon.
Detailing how off-shore wind projects and electric car projects in the U.S. and Europe are failing — despite massive government subsidies and support — Marc said things are finally starting to shift.
He told Ezra:
We now have the CEOs of just about every major Western automaker — from Mercedes to Volkswagen to Ford, Chrysler — all saying ‘EVs [are] not working. They’re piling up on our lots, we are hemorrhaging money.’ As they’re saying this, they’re looking at the next 10 years and all of the mandates [for green technology] are coming in more. Government doesn’t care.
This is an ideology like the Soviet Union, it’s like that old Soviet playbook (of central planning). They’re going forward with this statutorily in our books, but finally we’re getting the CEOs to come back.
So what’s happened globally, this is an utter and complete collapse.
See more commentary from Marc Morano at Climate Depot.com or by following him on social media.
The Green Blob is trying The Great Leap Forward approach to electric cars, with similar levels of success and disregard for the results and side effects.
“story tip” Elon Musk aka “God” is offering a $100 million prize for a cost effective carbon sequester method. He sez all current methods are not economic. Elon is a genius at playing the system.
Story tip: https://arstechnica.com/tech-policy/2023/11/tesla-deletes-clause-threatening-to-sue-buyers-who-quickly-resell-cybertruck/
Elon Musk, CEO of Tesla, SpaceX and other “darling” companies, is capable of making bonehead mistakes, just like any other business person. Via Tesla, he has tried to insert a clause in the Cybertruck purchase agreement, previously undisclosed to buyers that pre-ordered the vehicle, that is tantamount to bait-and-switch.
I’ll be watching closely to see how this sleight-of-hand unfolds legally and politically.
Need more popcorn!
I am not as optimistic as Morano. The reason is simple. Everything he says is true, but it has yet to affect green political momentum in either the US or Europe.
True, Orsted just took a big offshore wind hit. Siemens Gamesa just took a big onshore wind hit. Ford EV just took a big hit. A UK onshore wind company forced by its PPA to cover intermittency just declared bankruptcy reorganization. None of this has mattered to Newsom, Hochul, Kerry, Biden, Trudeau, Sunak, Schultz, and the rest.
IMO it will take a lot more pain felt at the voter level—grid blackouts, unavailable/unaffordable cars, collapsing industry—to reverse green political momentum.
Fiscal and physical reality will stop them. They have been causing a lot of mayhem in the runup, but they’re running out of fruit from the Magical Money Tree. Some of these deadlines have already been pushed back, and the rest will go soon.
Is that this story or is it yet another bankruptcy?
Forcing windmill companies to cover intermittency seems to be a sneaky way to start backing off on ‘green’ policies. One way or another it will force the realization that civilization can’t be powered by windmills.
Yes, I agree. Sadly. There is no sign of anyone backing off. There isn’t even any sign of rationality – the political class is firmly wedded to doing things which, on the CAGW theory they claim as justification, will have no effect. Its going to take a big bust to stop the craziness.
And the largest solar project in Europe as reported in Watts Up With That, just declared bankruptcy and is looking for a bailout
I agree with Rud. People with whom one can have an intelligent conversation on many topics just seem totally hoodwinked on climate issues. I’ve had people tell me “it’s going to get really hot over the next 5 years” with complete sincerity. As long ask politicians can get votes that they wouldn’t otherwise get (from people who are obviously too lazy to research a topic themselves), I think CC will be on their agenda. Mothers tell kids to take a jacket, wear your boots, put on a sweater…the whole fear of weather related issues being a potential crisis is trained into us from childhood, and the conflation of climate with weather is very common.
“IMO it will take a lot more pain felt at the voter level—grid blackouts, unavailable/unaffordable cars, collapsing industry—to reverse green political momentum.”
I think you are correct.
We may be getting close to that point:
https://www.koco.com/article/oklahoma-winter-power-grid-shortfalls-risk/45821814
Oklahoma among states with highest risk for power grid shortfalls this winter, report shows
Updated: 11:28 AM CST Nov 13, 2023
“This most recent report, which looks at the risk for this winter, shows about two-thirds of the country at elevated risk for outages, including Oklahoma,” Jim Matheson, CEO of the National Rural Electric Cooperative Association, said.”
end excerpt
Invest in a Generac.
Industries and their money, walk. Mexico, India, Indonesia etc… and other friendly jurisdictions… here we come. Governments will have to back off, or they lose, big time. The next elections will sort the wheat from the chaff. I hope. Turdeau has to go!
Hopefully, it will become a growing exodus.
Here in the UK the next elections will likely give us a Labour government who will double down on the climate nonsense.
It is certainly dangerous to assume that you can’t get any dumber than the current lot.
The Labour party is even more delusional than the Conservatives. The Labour party has stated that they will massively accelerate the building of wind farms because this will cut current electricity prices by £400 per year for each family. The vast majority of the British media are supporting this tripe. Anybody pointing out that this is utter nonsense is denounced or ignored.
One of Britain’s biggest problems is that the vast majority of politicians and journalists are innumerate and they are actually proud that they were bad at mathematics in school. I can’t think of another country in the entire world where people are proud of being innumerate.
We didn’t use to be proud of being innumerate. There was a time, from about the 90’s onwards, when appearing intelligent, speaking with a ‘posh’ sounding voice or generally appearing competent at something other than manual labour was sneered at, considered privileged, and generally despised. This has been a period of ‘dumbing down’ where if you weren’t working class and ignorant you were posh, privileged, elitist despite any evidence to the contrary. You want to see why people buy into AGW then look back to this point where ‘feelings’ overcame reason and we became a dumber society.
I thought you Kunuks would dump twinkle toes last time. But it didn’t happen. Ontario seems to control the whole country.
Now is not the time to let our guard down, we need to push and push hard. Everybody needs to learn how badly they have been treated. Lying, cheating and scaring the crap out of people is not okay. We need to get in their face big time.
Meanwhile electricity prices in the US are 25% higher – not enough pain yet
. . . thereby showing you and others just how effective the Biden administration’s, with the complicit Democratic Party’s, “Inflation Reduction Act” of 2022 has actually been.
Natural gas prices are greater than 100% higher than last month. I just got my bill. On Aug 31.2023, gas price was $0.30777 per Therm. On Oct 1, 2023, gas prices were $0.64680 per Therm. I don’t recall any reports of natural gas shortages or 100% inflation occurring, so it must be a reaction to government policy. If the government denies that, then that only leaves robbery.
The invisible hand of the free market rises up to smite the totalitarians once again – how many times must this happen before people understand that the top down central planning is always harmful to people
“The invisible hand of the free market rises up to smite the totalitarians once again”
Exactly!
And that invisible hand is going to continue to smite the totalitarians.
The less government regulation, the better, when it comes to doing business. Totalitaians ignore this common sense because they are not here to enhance business, they are here to enhance themselves and their ideology, and if business takes a big hit, that’s too bad.
When a government gives out subsidies to a particular market segment in “free market” competition with other equivalent competitors (such as is the case for EV manufacturers versus ICE vehicle manufactures) to “encourage” (hah!) a change in purchase habits, there is no longer any semblance of a “free market”.
Yet, even under those circumstances, the not-as-free-as-it-should-be market shows the government’s attempted imposition of what IT wants to be an utter failure.
it’s not that it’s a scam, it’s that it was misapplied. rooftop solar replacing, say, A/C baseloads, is a good thing. making the entire grid dependent on it? not so much. For some reason just can’t accept a 65% solution.
..watermelons just can’t accept….
“solution.”
Solution to what ???
There is absolutely nothing untoward happening with climate… data clearly shows that.
Also, there is still no scientific evidence that human released CO2 causes warming.
Creating non- or partial-solutions to a FANTASY problem…. is just downright idiocy !!
how about, a solution to the fact that there is a finite amount of oil and coal and gas on the planet.
Well, there is enough coal for several hundred years, so no rush.
so, finite. yeah that’s what i said.
so let’s try this from a different approach. If I had 5k to invest in something. anythin, should i put it into stocks, bonds, bitcoin, or solar panels. The only way energy prices don’t keep going up is if we build a fleet of new nuclear plants. that’ll happen.
i’ll just displace 40% of my electric bill.
Thanks for confirming there is absolutely NO RUSH to anything utter stupid like relying on short-lived intermittent power sources like wind and solar.
You have just confirmed that .. THERE IS NOT A PROBLEM…
The Stone Age didn’t end because our (neolithic ?) ancestors ran out of stones.
not it’s because some heretic learned how to smelt iron.
…no,…
err, copper first
In a free market society, price will take care of that “problem”.
The US Wyoming Overthrust gas belt has an estimated 500 year natural gas supply. Nobody there to complain about wellheads or pipelines. But I’m sure there is an Indian Tribe somewhere that will object.
About 14 years ago, I visited a Daewoo Motors factory in Korea with a group of business people. One of us asked a VP of Daewoo about his opinion on electric vehicles. I still clearly remember his answer: “If all cars would be electric, we could be franticly looking for a fossil fuel-based alternative.”
How visionary he was. 🙂
I think a better top line would be “the shareholders of Western automakers are fed up with hemorrhaging money, and the CEO’s don’t want to give up their exhorbitant salaries and benefits, so suddenly they see the writing spray-painted on the headquarters walls and are reverting to reality”. Fixed it.
Morano nailed it! WOW! Finally it is all crashing down!
Now listen to the shrill cries from the death bed of green woo-woo. “Give us your green! All you peasants need are sturdy sandals!”
“story tip”
A long time ago, Michael Mann sued Mark Steyn for defamation. Steyn counter sued. The case has been on the back back back … back burner ever since then.
‘They’ just dragged Steyn, who had recently had two heart attacks, back from France for a court date. They then cancelled the hearing because of a health issue somewhere in the system. The judge had more or less accused Steyn of lying about the heart attack.
Steyn is having difficulty disguising his contempt. link
Hmmmm . . . I haven’t heard a peep out of AOC in a long time (which is admittedly a great thing), but I’m just wondering whatever happened to her and her Green
NewRaw Deal that gave her her “15 minutes of fame”.This interview won’t age well. In the next 48 hours Xi Jinping will have successfully dangled the shiny object of net-zero infrastructure (batteries, wind turbines, solar, and the rest) in front of Joe Biden in San Francisco. And Joe Biden is going to leap for the shiny object as though his (political) life depended on it, which it does. When the deals are inked, Climatists will be able to say they’re winning, a Dem will win the White House in 2024, and more and more people in the West will suffer in fuel poverty. The Climatists’ doom narrative with themselves as avenging heroes, if it is ever going to go away, isn’t going to do so in the next three to five years. The news is far worse than that, I’m afraid.
In the meanwhile where I live in coastal New England, the coastline is being raped by OSW and the onshore infrastructure to handle all the “low-cost” unlimited electricity is laying waste to forests and wetlands. These people could make actual wolves in actual sheep’s clothing blush.
Story tip! In today’s Bloomberg news… Automotive CO2 emissions are causing global warming doom and gloom, and electric cars can solve that.
– – – – – – – – –
EVs Are the Only Bright Spot in Climate Fight, Study ShowsWorld is failing in almost every area in push for net zero
Report comes ahead of first global stocktake at COP28
Global efforts to reach net-zero carbon emissions are failing in almost every way, with one exception: the boom in electric vehicles.
That’s the conclusion of a study that was jointly conducted by the Bezos Earth Fund and other non-profits which assessed 42 different measures key for the world hitting net zero by 2050. They cover electricity, industry, transport and land as well as the need to scale up nascent carbon-removal technologies and climate finance.
https://www.bloomberg.com/news/articles/2023-11-14/is-the-world-doing-enough-on-climate-change-ahead-of-cop28 (Paywalled)
https://theprovince.com/commodities/energy/electric-vehicles/evs-bright-spot-failing-climate-change/
What a crock of shit.
As for the “Bezos Earth Fund,” that actually makes the Dimbulbcrats’ calls for the confiscation of the wealth of billionaires sound like it might be a good thing.
Megalomaniacs with hoardes of money are the existential threat to civilization, not “climate change.”