Weekly clippings #13 - cosmic ray flux, Buffett, misery, ESG scores, Hunga Tonga-Hunga

Included in this week’s clippings in the science category is still more evidence that our climate is controlled by forces far beyond our abilities, observations about forest fires burned over the globe, and a proper perspective on disaster measurement. In the investment/economic category we see that the greatest investor in history is loading up on good old fossil fuel companies, Germany is suffering from the pain of abandoning reliable energy, the human cost of net zero and that S&P Global has eliminated ESG scores from its credit ratings. Finally, in the absurdity category a comparison is made between the proven destruction left by “green” energy policies in Ontario that are being replicated in the USA, plus the amazingly consistent avoidance of mentioning the gigantic volcanic eruption of 2023 that has disrupted weather patterns worldwide, while this same weather is attributed to human activity!

The phanerozoic climate CO2 has about as much effect on the climate as changes in solar output, but because they move in opposite directions they roughly offset each other over the past 500 million years. Galactic cosmic ray flux is the dominant driver of climate variations over the last 500 million years.
And article referencing the study 


Climate Change Hasn’t Set the World on Fire It turns out the percentage of the globe that burns each year has been declining since 2001.


21st Century Global Disasters  Regardless what happens with trends in disaster counts, it is absolutely essential to remember that if you are looking for a signal of changes in climate — always look directly at weather and climate data, not data on economic or human impacts.

Buffett is making a killing from ESG – but not the way you think  “I love ESG” because it helps keep oil and gas stocks cheap, he said. “I’m sure Buffett and Munger love ESG as well.” 

Germany faces electricity shortages and can expect to see industries leave the country due to green energy policy 'disaster' that saw nuclear power plants ditched for renewables, business chiefs warn 

The human cost of Net Zero The rapid abandonment of fossil fuels that net zero demands would inflict misery and hardship on billions of people.

S&P Global eliminates ESG scores from credit ratings following investor confusion  ESG scoring frameworks within credit ratings don’t work, according to Patrick Welch, chief ESG and ratings policy officer at Kroll Bond Rating Agency, a smaller rival of S&P.

 

Cheat codes  Despite glaring evidence of Ontario’s prior failed approach, the US is on a path to repeat those mistakes. Does anybody reading this doubt that the hundreds of billions of public funds earmarked in the IRA will be vaporized in an inferno of corruption? That the future US grid will be less stable, less green, and more expensive? That a generation’s worth of energy investments will have been squandered in tithe to the Church of Carbon™?

U.S. Media Mysteriously Silent on Hunga Tonga-Hunga Impacts  The eruption spewed enough water vapor into the upper atmosphere to make it a likely suspect in causing higher than normal temperatures we’ve seen in parts of the world this summer.

Comments

Post a Comment

Popular posts from this blog

Weekly clippings #44 - cause and effect, temperature measurements, climate disclosure fraud, no due diligence, racist hiring, windmills vs trees

Image
  A whole lot of science this week: Temperature and CO2: cause and effect The IPCC’s new hockey stick Holocene temperature variations Iceland’s ice not melting Greenland near lowest temp of last 10,000 years The end of el-Nino brings cold for the coming years No trend in Rainfall   Also a bunch of Investment/Economic articles: The regulatory climate disclosure fraud Flawed ESG statistics Canadian fund disclosures required, but complete lack of due diligence by regulators ESG series in Invesmtent Executive, again no due diligence Exxon on the offensive Banks shoot themselves in the foot by adopting ESG Nearly useless battery energy storage Diversity hiring is racist   And then Absurdities: Chopping down 120,000 to place industrial wind turbines to save the environment A true ban on fossil fuels would quickly force a reality check. Will any...
Read more

Weekly clippings #10 - Antarctica, solar activity, executive compensation, net zero causing poverty

Likely the saddest of this week’s articles is the one explaining how The Western world’s net zero policies are condemning hundreds of millions of Africans to a lifetime of poverty . While ESG advocates try to position it as ethical, when we can clearly see how its ideas perpetuate the poverty and suffering of billions of people, we need to check our premises. Three billion people have access to less energy than one of our refrigerators. These people need far more energy and it must be reliable, affordable, scalable, and flexible. This is why every country trying to emerge from energy poverty turns to the same energy source: fossil fuels. The rest of the articles are all very interesting but this one really “hits in the feels.” Limited Impact of Thwaites Ice Shelf on Future Ice Loss From Antarctica Melting of the so-called Doomsday Glacier won’t cause the upstream glacier to move anywhere and would at most raise sea levels by a few millimeters.   Solar Activity: Solar Cycle ...
Read more

Weekly clippings #9 - extreme weather, reefs, models, governance, ESG metrics

 This week once more my collection is growing much faster than one item per category per week, so my clippings are three in science and four in economics/investment. It’s starting to look like an actual newsletter and I included a graphic header each category.  With the media fawning over reports of record temperatures, this is a perfect week to look at what the scientific data actually says and this week I’ve given one about temperature, one about how the Great Barrier Reef is in wonderful shape and a third about the non-scientific models used for justifying pending climate doom. Note that there are no actual measurements that lead us to conclude doom is coming, only models, and a proper understanding of the validity of such models is crucial to choosing any investment actions regarding climate change. Again and again the models are shown to be invalid and even ridiculous in their assumptions and their mathematics.   In the investment category this week I am focusi...
Read more