Weekly clippings #5 - climate model, forest fire, carbon credits

As I said last week, my library of interesting articles is growing faster than one per week per category, so I’ve included some extras. In science, we see once again that climate cycles are dominated by natural forces and forest fires have been reducing, while in finance we see that making unsupported claims about climate can lead to negative consequences and this week’s absurdity is about the world’s largest carbon credit certifier being exposed as a fraud. In my opinion, the whole field of carbon dioxide measurement and credits is way overripe for fraud and this case provides a shining example.

Another bonus this week is the attached article that is behind a paywall, so I printed the whole thing and added a few highlights. It is about Norway, the “greenest of green” country where fossil fuel use has not declined despite the massive adoption of hydro, wind and solar. The article offers fascinating economic insight into rational economic choices that people make that confound the advocates for “renewable” energy.

Science: New Climate Model Accurately Predicts Millions of Years of Ice Ages - notably it is based only on astronomical measurements, not CO2.

The truth about forest fires goes up in climate-change smoke.  When it comes to climate change, we’re constantly told to “follow the science.” Yet the same people who say that also regularly fabricate claims about trends in forest fires, both here in Canada and globally, and the connection to climate change.

Economics/investment: Beware of exaggerated claims of climate harm There is, in fact, good evidence showing the effect of climate change on economic growth will likely be insignificant and may even be positive. 

ESG Class Actions and Other Lawsuits “Sustainable” into 2023  Be wary of making unsupportable predictions, setting unrealizable targets and making unfair comparisons.

Absurdity: CEO of biggest carbon credit certifier to resign after claims offsets worthless

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