TCI: Taxing the Poor to Benefit the Rich
“I think TCI is just taxing poor people so that we can subsidize rich people’s electric cars.”
If US Fossil Fuel Fracking Dies, Kiss Goodbye to Affordable Home Loan Interest Rates
One thing which wasn’t made clear during the recent US election was how important domestic US energy production and fracking is to reducing the trade deficit, which in turn feeds through to inflation, interest rates and the continuance of affordable home loans.
ANZ Bank Demands Carbon Divestment as a Condition of Business Loans
If you want to borrow money from ANZ (Australia and New Zealand Banking Group), you better present your carbon offset plan along with your financial records, otherwise regardless of the health of your financials, your application for a loan might be rejected.
Major Hedge Fund Manager Demands Big Funds Force Companies to Act on Climate Change
It is never enough; despite recent moves to green their portfolios, major Hedge Fund manager Chris Hohn has accused Blackrock and Vangard of not doing enough. But this push for more climate action is just the tip of a much larger threat which I believe is hanging over the heart of Corporate America.
The Guardian: A $20+ Carbon Tax would Boost Economic Growth
From the “lets tax our way to prosperity” school of economics; According to Guardian author Greg Jericho, although it might seem like a massive carbon tax would hammer the economic recovery from Covid-19, the stimulus effect of spending all the extra revenue which would be squeezed out of the world’s taxpayers would make the carbon tax a net benefit for the economy.
Study: Renewable Energy does Nothing to Reduce CO2 Emissions
A group of high profile scientists, including Dr. Willie Soon, have published a meticulously referenced study which discuses the pros and cons of various CO2 reduction strategies.
The West Intends Energy Suicide: Will It Succeed?
Suicide is viewed as a crime in many countries. In a court of law, it is a serious charge and the evidence needs to be conclusive for such an accusation to stand (e.g., did you actually see him attempt to jump off the bridge?). But when societies (or at least their leaders) attempt it, one can say that it safely falls under the rubric of the sovereign right to misrule oneself.
Study: “mitigation costs of limiting global warming … are higher than … avoided damages this century”
According to a new PLOS One study, efforts to mitigate global warming will not yield a net economic benefit until the next century.
CLINTEL puts hard climate questions to Bill Gates
Bill Gates is throwing several billion dollars at climate change. Mind you he is not throwing it away, because it is mostly venture capital for new energy technologies, which could pay off handsomely without climate change.
Climate Change Financial Risk: Commodity Futures Trading Commission Edition
What follows is a multipart story much richer than my last Atlantic SEAMS article; an even better illustration than Charles’ addendum thereto on how fake news gets manufactured and promulgated. Because this report is much more official than the Atlantic’s feeble GND SEAMS fake news.