Oil billionaires spend millions to fight global warming law

[Chris]

Out-of-state energy interests are spending millions of dollars to propel a ballot initiative that would suspend California’s landmark law curbing greenhouse gas emissions, The New York Times reports.

Proposition 23, as the ballot initiative is called, is intended to block the greenhouse gas law, which is known as the Global Warming Solutions Act or AB 32. However, if a majority of California voters vote “no” on the November ballot measure, the global warming law will remain on track to take full effect in 2012.

Supporters of the ballot initiative have raised $7.9 million, out of a total of $8.2 million, from energy companies, which would view the law’s suspension as a major scalp. Most of the energy money comes from out-of-state donors, such as billionaire Kansas brothers Charles and David Koch, who together directed $1 million to the cause.

Energy Firms Spending Millions to Thwart California Global Warming Law | FairWarning

 

[Mr. H.]

Stop the bullshit in its tracks and it's not likely to spread to the rest of the nation. What's the big deal here?

 

[westwall]

Yes, why don't we follow another line of cash shall we? Let's look at the BBC! As you will see in the link below the BBC is HEAVILY Invested in the climate fraud...that's why they have allways been such ardent supporters of the scammers, they hope to make a few billion off of the trade! But Chris will never look at that now would he? Nope! It's all Bush's fault and of course the oil companies. Fool.

The world is learning fast that climate pseudo-science is fraught with fraud. The best way to go to the heart of any moneymaking scam is to follow the money. Let’s go on a journey from the toilet of the United Nations to the BBC’s top floor.

For non-British readers the BBC extorts an annual compulsory license fee of £142.50 (US $200) per household via government legislation for the privilege of owning a television.

The BBC Pension Trust is worth about £8 billion while its mainstream operations are struggling to reverse an estimated £2 billion deficit as reported on last weekend by James Delingpole of the ‘Telegraph.’

The BBC’s handsome pension pot is invested in the Institutional Investors Group on Climate Change (IIGCC) alongside another 50 plus member funds. The total assets of this consortium is around €4 trillion (Euros), that in turn are invested in a larger consortium known as ‘UNEP FI’ worth about $15 trillion (US).

UNEP FI is fast becoming seriously embarrassed with its strong ties to the now discredited Intergovernmental Panel on Climate Change (IPCC) that lurches from one climate data fraud scandal to another. Nonetheless, the UNEP FI puts on a smug face and gleefully describes itself as, “a global partnership between UNEP and the financial sector. Over 180 institutions, including banks, insurers and fund managers, work with UNEP to understand the impacts of environmental and social considerations on financial performance.”

The UNEP FI Insurance Working Group boasts of its “ground-breaking report” on its website that I well recommend reading. These swindlers advise that there is a “complex relationship” between environmental, social and governance (ESG) factors, core insurance operations, and the insurance industry. Yes, and it has become so much more complex since climate scientists destroyed their fudged data and refused to obey lawful freedom of information requests for over seven years.

Despite the string of calamities that have befallen the UN since the Climategate scandal first broke last November, the UNEP FI consortium is feverishly demanding that governments impose higher fuel duties and caps on carbon emissions that will encourage scarcity and demand. Thus this profit-chasing unholy alliance of conspirators will still be able to cream off some of the loot for their green pension scams. The losers in the biggest Ponzi scheme of all time are western taxpayers and Third World poor who will likely suffer starvation and disease due to the increased costs of food and essential medicines.

The chairman of IIGCC and BBC head of pensions investment Peter Dunscombe said:

“The credibility of emissions trading schemes would be greatly improved with a robust price signal as well as clear and frequent communication from the regulator on trading data and improved transparency over direct government participation in schemes.”

Yes, you did read that correctly: “IIGCC chairman and BBC head of pensions investment Peter Dunscombe…”

The BBC is in the chair of this carbon trading driven investment scheme. Now you know why the BBC’s thought police have been censoring climate skeptics shamelessly for years.


Follow the money: BBC exposed in biggest climate racket on planet | CLIMATEGATE