Weekly clippings #4 - IPCC, financial stability, sociologist climate scientists

I hope you received the book I sent to Mackenzie’s head office – the latest from renowned economist Bjorn Lomborg: Best Things First. Lomborg has taken great pains to show how to improve life for humanity and climate change policies are nowhere near the top – in fact, as currently implemented they are enormously destructive to human life. He focuses on the UN human development goals, explains how poorly we are doing towards these, and how relatively small amounts of money can be best used – if we actually consider human life to be our standard of value.

My collection of items in the category of investment/economics is growing so fast that I will include two items in this category for a while and see how it goes.

Science: The IPCC's perversion of science The IPCC's Synthesis Report severely distorts science to advance a corrupt political agenda.

Investment/economics-1: Blight of the Plebs “On wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.” – Warren Buffett

If one truly believes the fate of the entire planet is at stake, every tactic—even the most inhumane—can be intellectually justified. Child workers being abused in the cobalt mines of the Congo? Those battery metals have to come from somewhere. Widespread use of slave labor in Xinjiang to produce key solar components? Getting costs down is mission-critical. Local ecosystems destroyed in the processing of rare earth deposits needed for magnets? Those electric motors aren’t going to spin themselves.

Investment/economics-2: Climate Change and Financial Stability - Federal Reserve Governor Christopher J. Waller “I don't see a need for special treatment for climate-related risks in our financial stability monitoring and policies. As policymakers, we must balance the broad set of risks we face, and we have a responsibility to prioritize using evidence and analysis. Based on what I've seen so far, I believe that placing an outsized focus on climate-related risks is not needed.”

Absurdity: When The 'Climate Scientists' Are Actually Sociologists  How about we get a pair of real scientists to conduct a similar study assessing how much we all owe these very same companies for producing the energy that has enabled our modern way of life, created hundreds of trillions of dollars in economic growth and facilitated dramatic reductions in global poverty and human hunger, and extensions of human life expectancies?

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