Examining ESG

 This week features: SCIENCE • HadCRUT Has Fully Removed 0.15°C From 1940s Warmth ‘Blip’ As Proposed In Climategate E-mails • Halfway Between Kyoto and 2050: Zero Carbon Is a Highly Unlikely Outcome • Annual GWPF lecture: Climate Uncertainty and Risk INVESTMENT/ECONOMICS • The amount of copper needed to build EVs is ‘impossible for mining companies to produce’ • Hertz's EV bet goes bust • Gwyn Morgan: Ottawa's EV mandate is in trouble and that's a good thing • Efforts To Oust ExxonMobil Chairman, Board Members Run Aground ABSURDITIES • New 'Godfather' Sequel Features Big Oil in the Lead Role HadCRUT Has Fully Removed 0.15°C From 1940s Warmth ‘Blip’ As Proposed In Climategate E-mails  "The amplitude of the recorded warmth in the 1940s was always a problem for purveyors of the human-caused global warming narrative. So the 1940s temperatures have been artificially cooled to make this less of a problem. In 2009, overseers of the HadCRUT global tempe...

  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...

Once again we bring you a collection of news that does not bode well for ESG/DEI etc. The second science piece is especially important. Science • Unusual cold at both poles • Challenging net zero with science Investment/Economics • What should government do about carbon capture? • Blackrock energy pragmatism and legal warning • CSA guidance on ESG-related fund disclosure • The backlash is real: behind DEI’s rise and fall • America’s Top Public Companies De-Emphasize the ‘E’ in Environmental, Social, and Governance (ESG) Communications • Canadian fossil fuel subsidies hit $18.6 billion in 2023, says report • Bad News for Tesla Highlights the Looming Bloodbath for the US Auto Industry Absurdities • Industrial wind turbines are destroying rural wells! • Real COP 28 Learning Session: 'Responsible Yachting, Today and Tomorrow' SCIENCE Unusual Cold Plagues Both Northern, Southern Hemispheres….Arctic Sea Ice Strengthens  "The Australian continent saw tempera...

Ho hum, another week and another litany of ESG errors revealed. It's not hard to find folks, but when will regulators and policymakers awake to this reality? Likely not until the general culture has turned against them - and the tide is turning.  In science this week: • Another powerful study shows that temperature causes CO2 and the human influence on CO2 is not discernable. • Climate change may cost 1% to 2% in a century, but net-zero policies will cost 700% more. • Clarity on the Lytton BC heat dome of 2021. • Fraud in sea level rise measurement alteration. • Canadian arctic ice reporting bias. In Economics/Investment: • Businesses worry about ESG fraud. • Blackrock faces pressure about ESG. • Canadian banks say sustainable finance pledges may not curtail emissions growth • Noticing that the energy transition is not happening • Energy companies start to find their voice at last. • Bonuses padded by cryptic ESG claims draw scrutiny. • ESG has spawned a bul...

  A whole lot of science this week: Temperature and CO2: cause and effect The IPCC’s new hockey stick Holocene temperature variations Iceland’s ice not melting Greenland near lowest temp of last 10,000 years The end of el-Nino brings cold for the coming years No trend in Rainfall   Also a bunch of Investment/Economic articles: The regulatory climate disclosure fraud Flawed ESG statistics Canadian fund disclosures required, but complete lack of due diligence by regulators ESG series in Invesmtent Executive, again no due diligence Exxon on the offensive Banks shoot themselves in the foot by adopting ESG Nearly useless battery energy storage Diversity hiring is racist   And then Absurdities: Chopping down 120,000 to place industrial wind turbines to save the environment A true ban on fossil fuels would quickly force a reality check. Will any...