Examining ESG

  SCIENCE Pervasive Warming Bias in CMIP6 Tropospheric Layers  "It has long been known that previous generations of climate models exhibit excessive warming rates in the tropical troposphere. With the release of the CMIP6 (Coupled Model Intercomparison Project Version 6) climate model archive we can now update the comparison. We examined historical (hindcast) runs from 38 CMIP6 models in which the models were run using historically observed forcings. We focus on the 1979–2014 interval, the maximum for which all models and observational data are available and for which the models were run with historical forcings. What was previously a tropical bias is now global. All model runs warmed faster than observations in the lower troposphere and midtroposphere, in the tropics, and globally. On average, and in most individual cases, the trend difference is significant. Warming trends in models tend to rise with the model Equilibrium Climate Sensitivity (ECS), and we present evidence th...

 This week in science we start with an academic study of how research reports in ecology have become so distorted and exaggerate their findings, followed by an article that explains how the growth of assets in risky areas explains greater economic damages, even as human damage has plummeted. Next comes a debunking of the infamous stripes graphic, an explanation that climate models are hugely biased upwards when compared to measurements, and last up we see falling flood risks. In Investment/Economics we kick off with what government should (not) do about climate change, then an article explaining how bank research on net zero is near zero, followed by how climate change is not detected in insurance losses. Next we see how DEI is filled with fraud, ESG debt is bleeding clients, and Blackrock is turning down climate proposals. We continue with the injustice of "clean energy" minerals, the impossibility of electrifying all vehicles, and the dumping of a business leader who dared ...

Imagine you are a leader for a company that manages investments or insurance products, and you have spent a bunch of money adding ESG/sustainable/responsible and the like capabilities to your stable of money managers. You also added ESG overlays to all your other management teams, paid consultants to design and implement all this and put ESG prominently in your marketing. Then, the investing public, financial advisors, and regulators started to recognize the deep errors and biases in the whole ESG movement, and found that much of the terminology you used, the claims you made, the marketing materials you created and the products you offered were firmly based on false scientific claims, false economic benefits, false social values and in fact were terribly harmful to humanity. Might some reputational, regulatory, and even legal damages follow? This blog is an effort to persuade Canadian and international investment managers to tread much more carefully before adopting ESG and similar ide...

Imagine you are a leader for a company that manages investments or insurance products, and you have spent a bunch of money adding ESG/sustainable/responsible and the like capabilities to your stable of money managers. You also added ESG overlays to all your other management teams, paid consultants to design and implement all this and put ESG prominently in your marketing. Then, the investing public, financial advisors, and regulators started to recognize the deep errors and biases in the whole ESG movement, and found that much of the terminology you used, the claims you made, the marketing materials you created and the products you offered were firmly based on false scientific claims, false economic benefits, false social values and in fact were terribly harmful to humanity. Might some reputational, regulatory, and even legal damages follow? This blog is an effort to persuade Canadian and international investment managers to tread much more carefully before adopting ESG and similar ide...