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18Articles

The UN’s Sneak Attack on Your Pension

Institutional investors being pressured to stop investing in fossil fuels and move their money into lower-return alternate energy sectors. Institutional investors hold trillions of investment dollars and the future of millions of people’s pensions and retirements in their hands. Most have also signed on to the UN’s six Principles for Responsible Investment (PRI), which set the objectives of environmental, social and corporate governance (ESG), the stated purpose of which is to “better align investors with broader objectives of society.”



‘Social costs’ of Carbon Dioxide a Climate Change Scam

Unelected unaccountable ENGOs skew benefits of conventional energy. Environmental Non-Governmental Organizations (ENGOs) can’t seem to stop themselves. Maybe it’s time to heed the words of people such as UK MP Douglas Carswell (“We’re spending money that we don’t have to solve a problem that doesn’t exist at the behest of people we didn’t elect") rather than those of unelected and unaccountable ENGOs which continue to ramp up climate hysteria in an effort to induce governments, industry and the public into agreeing to a carbon tax.



On Trial: Social Cost of Carbon

The Minnesota state utility regulators asked an administrative law judge to rule on the social cost of carbon (SCC). Dr. Curry has posted links to some testimony. Dr. Richard Lindzen testified "new evidence (Stevens, 2015) reduces the uncertainty of aerosols so climate sensitivity is now "extremely unlikely to exceed 2 ºC". He estimates it is from 0.85 ºC to 1.5 ºC. Dr. Richard Tol built the FUND integrated assessment model. Table 3 of Tol's testimony Exhibit 2 shows that the SCC using a climate sensitivity of 1 ºC is negative 18 $/tC, ie, quite beneficial.



What is the True Cost of Electricity?

The Institute for Energy Research published a report that determined the levelized cost of electricity from existing generation sources. The study shows that on average, electricity from new wind resources is nearly four times more expensive than from existing nuclear and nearly three times more expensive than from existing coal. These are dramatic increases in the cost of generating electricity. The premature closures of existing plants will unavoidably increase electricity rates.



An Analysis of the Obama Administration’s Social Cost of Carbon by Dr. Pat Michaels

The US Administration’s Interagency Working Group on the Social Cost of Carbon (IWG) released a report that was a response to public comments of the IWG determination of the social cost of carbon that were solicited by the Office of Management and Budget in November 2013. Of the 140 unique set of comments received, the IWG adopted none. Dr. Pat Michaels of the CATO Institute address why this decision was based on a set of flimsy, internally inconsistent excuses and amounts to a continuation of the IWG’s exclusion of the most relevant science which assures that low, or even negative values of the social cost of carbon (which would imply a net benefit of increased atmospheric carbon dioxide levels), do not find their way into cost/benefit analyses of proposed federal actions.




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