Tag Archives: AGW

How big business and enviro-charlatans benefit from Obama’s cap-and-trade energy tax

Recently, I posted about the economic effects of the Waxman-Markey cap-and-trade bill, including how it would impact individual families. I wrote about the true effects of Obama’s green jobs initiative, which will actually decrease employment instead of increasing it.

I also posted before about scientific dissent from global warming, the alleged melting polar ice caps, Obama’s planned tax hikes on oil and gas, deceptive alarmism to procure research funding, the alleged warming of the oceans, and the use of made-up crises in order to impose socialism. You can also read the testimony of a Princeton University physicist who is against global warming alarmism.

Who will pay for cap-and-trade?

ECM e-mailed me this story from PowerLine Blog, which explains how much each state will pay if cap and trade passes. John Hinderacker asks whether Obama things that the electorate is stupid enough to believe that the firms who must absorb this tax will just take it out of their profits and leave consumers untouched. He argues that Obama thinks we are stupid enough to believe that.

One commenter to the post writes:

No, he like many liberals actually believe corporations don’t pass on the tax to consumers but it is extracted from profits (lowering them). Remember, they have a very static, zero-sum view of the world.

This is also my view of Obama. He has been indoctrinated with socialist views and he has no freaking idea why they don’t work. He will be as shocked and surprised as any child is when they first learn that the Tooth Fairy is a myth. But that won’t stop him from nationalizing companies once he sees the mess that his interventions have made. Probably his handlers have this all planned out for him.

And where will that money be redistributed to?

But today I wanted to tell you about the people and corporations that are actively pushing for cap-and-trade, because if it passes they will suddenly become very, very rich.

The full story is posted at Steve Milloy’s Green Hell blog.

Big business meddling in government

Excerpt:

Although many businesses have been coerced into supporting Waxman-Markey, much of big business has actively pushed for the bill. Many Wall Street banks hope to profit from the trading of the $9 trillion in emissions allowances to be created under Waxman-Markey. Goldman Sachs would be the preeminent global warming bookie as it owns the exchanges where carbon allowances would be traded.

General Electric, whose CEO sits on Barack Obama’s Economic Recovery Advisory Board, was instrumental in putting together the U.S. Climate Action Partnership (USCAP), a bizarre big business-environmental activist group lobbying consortium that is a primary driver of global warming legislation. USCAP has even taken credit for drafting parts of Waxman-Markey. GE, it seems, would like a federal law requiring electric utilities buy the wind turbines and other energy technologies manufactured by — guess who — GE.

Republican James Sensenbrenner recently asked the Department of Justice to investigate USCAP members General Motors and Chrysler for illegally using taxpayer bailout money to lobby for global warming legislation. AIG, the insurance giant that is now a ward of U.S. taxpayers, only dropped out of USCAP after Rep. Joe Barton pointed out the illegality of accepting federal money and then using it to lobby the federal government.

Enviro-charlatan greed

Excerpt:

And then there’s Al Gore, who stands to become the first “carbon billionaire” through his partnership in the venture capital firm of Kleiner Perkins Caufield and Byers and the UK-based investment firm of Generation Investment Management. When Gore testified in favor of global warming legislation before the Senate Foreign Relations Committee in January, he failed to disclose his personal financial interests and no Senator came close to asking him about them.

When he testified in April before the House Energy and Environment Subcommittee in favor of Waxman-Markey, Gore again failed to disclose his conflicts-of-interest. When Reps. Marsha Blackburn (R-TN) and Steve Scalise (R-LA) probed into these matters, Gore feigned ignorance and pretended that he would not personally benefit from Waxman-Markey. Although Rep. Waxman made baseball players testify under oath to Congress about the comparatively petty issue of drug use in baseball, he did not subject Gore to penalty for perjury.

And more fascism, too

Competing for most-appalling character in the Waxman-Markey saga is Rep. Ed Markey. Immediately after the head of Warren Buffet’s electric utility unit testified against Waxman-Markey’s cap-and-trade provision, Markey fired off a letter to the Federal Energy Regulatory Commission (FERC) specifically requesting that Buffet’s utility be investigated. After being rebuked by House Republicans for this blatant intimidation, Markey then asked FERC to expand the requested investigation to all investor-owned utilities, rather than appearing to single out Buffet’s. Now all utilities are under operating with a Markey-pointed gun to their heads.

They told lies about Bush’s “abuses of power” all through his presidency. Now that they are in control, and every new day brings to light more greed, bullying, corruption and fraud than we saw in Bush’s entire eight years in office. And that’s not even to mention that the average unemployment rate under Bush was about half of what it is today under Obama.

Kevin Boland reports on John Boehner’s blog that the bill is up for a floor vote in the House this week.

NASA study links solar activity and global warming

Watts Up With That is reporting that a NASA study is FINALLY acknowledging that the Sun is responsible for past warming not man! (H/T Small Dead Animals)

Excerpt:

A study from NASA’s Goddard Space Flight Center in Greenbelt, Maryland looking at climate data over the past century has concluded that solar variation has made a significant impact on the Earth’s climate.  The report concludes that evidence for climate changes based on solar radiation can be traced back as far as the Industrial Revolution.

Past research has shown that the sun goes through eleven year cycles.  At the cycle’s peak, solar activity occurring near sunspots is particularly intense, basking the Earth in solar heat.

But don’t get too excited, because there is no way that a government-run agency is going to give back money to the taxpayer by hinting that there is no such thing as man-made global warming, regardless of scientific evidence.

While the NASA study acknowledged the sun’s influence on warming and cooling patterns, it then went badly off the tracks.  Ignoring its own evidence, it returned to an argument that man had replaced the sun as the cause current warming patterns.  Like many studies, this conclusion was based less on hard data and more on questionable correlations and inaccurate modeling techniques.

Don’t forget to read my recent post which contains quotations from real environmentalists.

Commenter ECM has more

UPDATE: ECM sent me the following related stories:

Are the oceans warming?

We actually have a pretty comprehensive way of measuring the changes in the temperature of the oceans. We use a submersible sensor called an “Argo Buoy” in order to do the measurements. Since 2003, 3000 of them have been taking measurements in all the oceans of the world. The purpose of the buoys is to provide scientists with confirmation that the globe is really warming. But all was not well.

But the Vancouver Sun reports: (H/T Commenter ECM)

So why are some scientists now beginning to question the buoys’ findings? Because in five years the little blighters have failed to detect any global warming. They are not reinforcing the scientific orthodoxy of the day, namely that man is causing the planet to warm dangerously. They are not proving the predetermined conclusions of their human masters. Therefore they, and not their masters’ hypotheses, must be wrong.

In fact, “there has been a very slight cooling,” according to a U.S. National Public Radio (NPR) interview with Josh Willis at NASA’s Jet Propulsion Laboratory, a scientist who keeps close watch on the Argo findings.

Well, maybe the climate models predicted some cooling?

The big problem with the Argo findings is that all the major climate computer models postulate that as much as 80-90 per cent of global warming will result from the oceans warming rapidly then releasing their heat into the atmosphere.

But surely the other models are being confirmed by observations?

Modellers are also perplexed by the findings of NASA’s eight weather satellites that take more than 300,000 temperature readings daily over the entire surface of the Earth, versus approximately 7,000 random readings from Earth stations.

In nearly 30 years of operation, the satellites have discovered a warming trend of just 0.14 C per decade, less than the models and well within the natural range of temperature variation.

But maybe if we wait for a while, scientists will discover new measurements that are the opposite of these measurements. The new measurements will confirm that global warming is real, that scientists need more grant money, and that socialists must take control of the economy right now in order to save us from the horrible Flying Spaghetti Global Warming Monster! Those 700 dissenting scientists? Paid off by big oil! All of them!

The polar ice caps were also paid off by big oil. How else do you explain their refusal to melt?

UPDATE: NASA study shows that solar activity is responsible for past global warming.