Weekly clippings #7 - hurricanes, climate journalism, ESG, dead whales

Here are my weekly snippets from the world of ESG. Whether you dive into the science as I have for 23 years, the investment and economic world as I have lived in for 30 years, or look for absurdities, there is an abundance of data and analysis that shows how far from being firmly grounded in reality the ESG movement is, meaning the risks to your company's reputation continue to grow as the company continues to embrace ESG ideas. Even Larry Fink is getting ahead of the curve and abandoning the use of ESG, as seen in one of the articles below and many more across financial media.

Science:

  1. 2023 Edition: What the media won't tell you about . . . hurricanes  From the IPCC “still no consensus on the relative magnitude of human and natural influences on past changes in Atlantic hurricane activity”
  2. The climate change research that makes the front page: Is it fit to engage societal action? 51,230 peer-reviewed papers on climate change published in 2020, 2% received much notice in the media, and these contained massive biases assuming climate change was man-made and dangerous. Climate Journalism is Broken

 Investment/economics:

  1. Good riddance, 'ESG' Markets should also do what markets are good at, which is maximizing profits and efficiency. Other institutions should regulate pollution rules, police corporate governance, enforce the rights of all minority groups, and pursue the other goals of ESG investing. 
  2. Canada’s GHG Cap on the Oil and Gas Industry Is All Pain With No Gain  Even if Canada eliminated all of its GHG emissions expected in the year 2030 as a result of the new greenhouse gas caps implemented by the current government (187 Mt), the emission reduction would equal 0.00004 of global emissions. The cost of $45B would have no effect on any aspect of the climate.
  3. Why Big Oil loves the renewable energy industry  In Trinidad, “for solar energy to provide the other ninety-six percent of non-electricity consumption, the country would need to devote more than sixty percent of its land area to solar farms.”

 Absurdity

Vineyard Wind Begins Construction, Armed With Permits to 'Take' Endangered Whales  If, as the climate alarm propagandists claim, the wind projects represent no threat to whale populations and all the beachings are completely unrelated, why did the developers feel the need to apply for the permits in the first place?

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