Tag: climate

Corporate Social ‘Wokeness’

 

The global debate over climate change entered into a new and more dangerous stage this past week. Two American corporate icons, Microsoft and BlackRock, have committed themselves to resisting what they perceive as the unacceptable risks of global warming. Microsoft has announced that it will be “carbon negative by 2030,” and that by 2050 it will have removed from the environment all of its carbon emissions dating back to its founding. It has also pledged one billion dollars to a climate innovation fund to deal with global warming—peanuts for a firm with over $125 billion in annual revenues.

Not to be outdone, BlackRock, the world’s largest asset manager with over $7 trillion in assets under management, has proudly declared through its Chairman and CEO Larry Fink that it will “place sustainability at the center of our investment approach, including: making sustainability integral to portfolio construction and risk management; existing investments that present a high sustainability-related risk, such as thermal coal producers; launching new investment products that screen for fossil fuels. . . .”

To Fink, there is no real conflict for his company between its social responsibility and its financial performance, as he is convinced that “incorporating environmental, social and governance (ESG) factors into investment analysis and decision-making. . . can provide better risk-adjusted returns for investors.” Ironically, if that point were true, he would have no need to depart from traditional investment standards, as all firms would flock to the new BlackRock standard.

We hope you had a wonderful Christmas and we’re glad to have you back as we return to our prestigious Three Martini Lunch Awards. Today, Jim and Greg discuss the worst scandals of 2019, which Jim choosing a foreign policy mess and Greg opting for a domestic one. Next, we sift through a ton of possibilities for the best and worst political theater of 2019, with a pretty heavy emphasis on the 2020 campaign.

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“And a little child shall lead them.” What a lovely quote.  It’s from the Book of Isaiah in the Old Testament, but don’t misinterpret.  It is in no way suggestive that children, who presumably are not yet jaded by the world, are somehow wiser than adults and should therefore be followed.  (See Isaiah for the […]

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One good and two crazy martinis await today. Jim and Greg react to House Democrat Brenda Lawrence backing away from impeachment and now saying censuring President Trump would be more appropriate in an election year. They also try to figure out what Barack Obama’s 2020 approach is as he not only doesn’t endorse Joe Biden but in private is apparently slamming Biden’s inability to connect with voters. And they roll their eyes as Harvard and Yale students disrupt the annual football game between the two schools to protest both schools for investing in fossil fuels.

Jim is on vacation but there’s still plenty of fireworks on Thursday’s Three Martini Lunch. Greg is joined by Chad Benson, host of “The Chad Benson Show.”  Today, they get a kick out Bill Gates wondering just how much of his money Elizabeth Warren wants and concluding a conversation with Warren might not be worth his time because he’s not sure how open-minded she is.  They also recoil as a judge allows police to demand DNA from one of those outfits that tracks your heritage as part of an investigation, although Chad reminds us we all have pretty much voluntarily given up our privacy. And they fire back at 11,000 “scientists” who now say the Green New Deal is not enough, but we have to engage in population control too.

It Is A Cult, After All

 

Can’t believe I couldn’t find a trending post on the climate change craze. I’ll have to do this myself.

We all casually observe the organized CAGW1 scam. C’mon, all of us, right? It starts at elite (and corrupt, if I may repeat myself) levels of the academy. We know the predilection of governments for conclusions that require their involvement, and we understand the funding needs of the intermediate tier of researchers and journals. This much is normal corruption.

Life on Planet Thunberg

 

Without a doubt, it is a major challenge to accurately model and predict the course of climate change. Climate systems are highly chaotic, which makes it difficult to figure out the effect of any particular natural or human event on future climate changes. We should, therefore, proceed with caution before making bold claims that the main, or even sole, driver of climate change is the human-generated increase in the carbon dioxide level, which now is approaching 415 parts per million.

But today’s activists are in crisis mode. The 16-year-old Swedish student Greta Thunberg’s recent calls for action sparked thousands of students to skip classes last month in order to fight a global climate “emergency.” These students are long on indignation, but short on solutions. They are content to implore today’s business, political, and social elites to come up with a solution before it is all too late—after all, these activists claim, in ten years we could all be dead.

The youth movement and its adult supporters assume that the fate of the world hangs in the balance unless some prompt and decisive action is taken. The proposed cures for addressing the climate crisis, such as the uncompromising demand that there be no more new fossil fuel projects, are highly intrusive. If implemented, even in part,  they will necessarily affect how ordinary people eat, work, travel, and vacation­—and even how they bear children. The common desire “to set a pathway for 100 percent renewable power” will force excessive reliance on alternative energy forms, such as wind and solar, that are too unreliable to offer a dependable energy source on land, and useless for such activities as air transportation.

Jim Geraghty of National Review and Greg Corombos of Radio America are surprised to see prominent Trump critics David Brooks and John Kasich saying Democrats are moving way too quickly on impeachment. They also get a big laugh out of New York Times podcast host Michael Barbaro demanding that people leave the children of political candidates alone – while specifically referring to 49-year-old Hunter Biden. And they roll their eyes hard as Prince Harry says he has trouble getting out of bed some days because he is so concerned about the future of the planet.

Join Jim Geraghty of National Review and Greg Corombos of Radio America as they serve up some strong martinis to start the week.  First, they find an odd appreciation for Sen. Cory Booker’s campaign admitting it needs to raise $1.7 million by the end of the month to have any chance at being competitive for the Democratic nomination – and it makes Jim wonder why several other weak candidates haven’t already closed up shop.  They also shake their heads as a lot of House Republicans don’t want to be there anymore.  Many of them understandably hate being in the minority but Jim offers another, more serious reason for why a lot of conservatives want out of Washington.  And they have no patience for the Shut Down DC climate protesters who snarled traffic in Washington this morning by demonstrating on several critical roads and intersections.

Youth Climate Strike

 

Young people around the world were asked to leave school Friday as part of a Global Climate Strike. Some kids will see this as simply an excuse to miss school but others fully embrace the cause. So, what is the cause?

Obviously, there is the standard “Save the Planet” rhetoric we have heard forever. Looking at the site for the group Youth Climate Strike, I see there are some other issues I might not have guessed. Here are a few samples:

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So, there is a climate strike going on; children are escaping from school gleefully, protesting inaction on climate change because a leftist wish list has not been implemented.  What is to be done by those of us without children to send to school in spite of the so-called strike.  How about a counter protest?  When […]

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Foolish on Climate Change

 

A smiling Governor Andrew Cuomo, with Al Gore to his right and a rapturous crowd of Democratic dignitaries at his rear, signed into law a new statute last week that he proudly touted as “the most aggressive climate law in the United States of America.” The explicit objective of the new legislation is to reduce the level of greenhouse gas emissions in New York by 85 percent by 2050.

Step one in that direction is the authorization of two huge, offshore wind power projects said to generate enough power to support one million homes. The legislation goes hand-in-hand with Cuomo’s aggressive executive action to block any new pipeline construction within the state, most notably the Williams pipeline designed to bring about 400 million cubic feet of natural gas each day to New York City.

The rationales for the law are contained in the statutory preamble, which makes declarations that are either flatly wrong or overly inflated. One of the more contentious claims is that the only way to minimize the risk of severe climate change is to follow the highly flawed October 2018 Intergovernmental Panel on Climate Change (“IPCC”) special report, which insists that maintaining temperature increases to under 1.5°C in perpetuity requires keeping carbon dioxide concentrations in the earth’s atmosphere below 450 parts per million (its present level is 412 ppm). The effects of climate change allegedly include temperature rises, sea level rises of one foot since 1900, and a higher frequency of “extreme and unusual weather events,” including ones like Hurricane Irene and Superstorm Sandy. The New York legislation notes that environmental policies “should prioritize the safety and health of disadvantaged communities. . .” It also treats New York as a role model that will “encourage” other jurisdictions to follow suit with “complementary” legislation.

When Leftist Worlds Collide

 

In a rapidly declining Western civilization gone mad with progressive ideology, one of the few pleasures available for people with traditional values is watching one fringe element of the left trash another fringe element of the left.  It doesn’t necessarily do much to slow down the civilizational destruction, but it provides sporadic moments of intense pleasure.

One case in point: Leonardo DiCaprio.  Did you know that the world-famous actor and climate activist is guilty of promoting white supremacy?  Neither did most people, but after all, he is white, rich and powerful, so it just stands to reason, right?

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Pragmatism rules the day.  From an article in the NY Times, it seems that Republican politicians are climbing on board the global warming train.  I do not believe for an instant it is because they have made a serious study and have become persuaded that human activity is responsible for global warming – or even […]

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Jim Geraghty of National Review and Greg Corombos of Radio America recoil at the Trump world sleaze revealed by former Trump attorney Michael Cohen in his testimony to Congress, but also realize he’s the least credible witness Congress could have called on the subject. They also worry about escalating tension between nuclear powers India and Pakistan after Pakistan claims to shoot down two Indian military planes. And they get a kick out of the House Democrats having to adjourn their own hearing on climate change denial because not enough of them attended.

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Here is a headline that epitomizes the times in which we are living:  “The Ninth Circuit Just Allowed Children To Sue Trump Over Global Warming.” When you see a headline like that, all you can do is shake your head in exasperation and scream out into the ether, “Of course it did!”  Because it’s the […]

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