Weekly clippings #8 - fact checks, hottest days, ESG funds, no transition yet

 This week I’ve included a link to www.junkscience.com where the author regularly does due diligence on claims and has provided a digest of ten major media claims about climate science that are easily shown as false, plus another article that specifically tackles the current flurry of claims about these days being the hottest ever. As you know, one of my assertions has been that your company and other investment managers have clearly not done a full due diligence before marketing ESG products and thus are exposed to large liability, regulatory and reputational risks. As an example, when I look at your company's postings related to ESG on LinkedIn or Facebook I usually find a long series of critical comments that only scratch the surface of what is wrong with the ESG ideology.

Through this series of clippings and links I hope to demonstrate to you the sheer size of the evidence for my arguments, to the point where the company reassesses some parts of product offerings and marketing.  Perhaps in October when I visit your head office we could arrange a short exchange of presentations, where for a small group (anyone interested who is in the office) would attend to hear two sides of the discussion: the person you believe is best able to present the rationale for ESG products containing anything related to a climate change crisis, and I will present my position that not only is the climate not in a crisis, but the main actions taken to supposedly stop climate change represent a great threat to human life, prosperity and freedom. In short, I will show that the dominant idea in ESG – the climate crisis – is an evil idea that a business like yours should be aghast to hold as any part of the company brand. Perhaps an Oxford style of debate?

 Here are my links for this week.

 Science: Climate Fact Check: June Edition Ten more false climate claims from June have already gone bust and are presented.

Hottest Days Ever? Don’t Believe It ‘Average global temperature’ is a meaningless measure, and comparisons to 125,000 years ago are preposterous.

 

Investment/economics: Why advisor isn’t taking the plunge on ESG funds  The challenge for advisors is to help clients avoid the trap of investing in an ESG fund just because it has a feel-good name.


An Inconvenient Truth About ESG Investing Companies in the ESG portfolios had worse compliance record for both labor and environmental rules.


What about the cost? A thorough comparison of clean energy sources  Every time a grid is made to support more wind and solar power without the baseload power to support them, fossil fuels win as they have to fill the gap. Every time a nuclear power plant isn’t built on the supposed basis of cost, the environment is further harmed and human progress takes a step backwards. Every time someone quotes the LCOE, they are either being misled, misleading others, or both.

 

Absurdity: The Energy Transition Has Not Yet Started

Achieving net-zero fossil fuels by 2050 requires the deployment of the equivalent of 1 nuclear power plant per day — starting today and continuing every day until 2050. That’s the equivalent of about 2,000 x 3 Megawatt (MW) wind turbines (note: according to the U.S. Department of Energy the average capacity of wind turbines deployed in the U.S. in 2021 was 3 MW).

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