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Are climate change investors living in a fool’s paradise?
Canada Free Press ^ | January 22, 2009 | Tom Harris

Posted on 01/22/2009 5:47:53 PM PST by Delacon

fool’s par·a·dise: “a state of happiness that is temporary and insubstantial because it is based on illusions or unrealistic hopes” - Encarta® World English Dictionary [North American Edition] © & (P)2007 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.

I am struck by the diversity of risk analyses being carried out by investors in today’s climate change market place.  Whether it’s ‘carbon’* market conferences and publications, ‘ethical investments’, insurance company projects or the activities of financial, legal and engineering institutions, it seems at first glance that they have it all covered.  Many financial, political, procedural, legal and technical issues are addressed.  Anything that might pose a risk to the market and the hundreds of billions of dollars being poured into one of the greatest enterprises in human history – ‘fighting’ global climate change – appears to be examined.

It looks on the surface like an investment and legislative dream come true, combining the public’s desire to ‘save the planet’ and compensate for recent stock market losses with helping corporations fulfill their ‘corporate social responsibilities’.  It even satisfies the natural desire of politicians to be seen to be leading their nations to safety and a supposedly green, prosperous future.

On closer examination however, one notices something remarkable.  Practically without exception, all of these organizations, many of them among the most successful and respected in the world, completely ignore the risk that the very foundation of all of these activities might be shown to be faulty.  Like many of those who were caught off guard by the subprime mortgage crisis, those involved in the rapidly expanding climate change industry are not asking the most fundamental of questions:


(Excerpt) Read more at canadafreepress.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; Government
KEYWORDS: agw; algore; capandtrade; carbantrading; carbontrading; climatechange; co2; ghg; globalwarming; greenhousegases; ipcc
If it were to come to pass that all the investers, who invested based on global warming alarmism,  were to lose their shirts then I would experience some schadenfreude.
schadenfreude: "gloating at somebody else's bad luck: malicious or smug pleasure taken in somebody else's misfortune" - Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
 

 


1 posted on 01/22/2009 5:47:55 PM PST by Delacon
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To: steelyourfaith; Tolerance Sucks Rocks; xcamel; neverdem

Read the rest of the article.


2 posted on 01/22/2009 5:49:14 PM PST by Delacon ("The urge to save humanity is almost always a false front for the urge to rule." H. L. Mencken)
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To: Delacon; OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; gruffwolf; ...
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FReepmail me to get on or off

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Climate Research News

Click on POGW graphic for full GW rundown

GREENIE WATCH

Ping me if you find one I've missed.


Is the earth mostly blue?
3 posted on 01/22/2009 5:55:05 PM PST by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: Delacon; According2RecentPollsAirIsGood; Fiddlstix; TenthAmendmentChampion; Horusra; CygnusXI; ...
 


Global Warming Scam News & Views
Entrepreneur's Compilation of
The Best Global Warming Videos on the Internet

4 posted on 01/22/2009 5:56:09 PM PST by steelyourfaith (It's high time for the B.O. Impeachment proceedings to begin.)
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To: Delacon

The “climate change” industry is the next big bubble to burst in this country. However, this time, somebody might finally go to jail for scamming people out of their money.


5 posted on 01/22/2009 5:57:39 PM PST by FlingWingFlyer (CIA Director!....So easy, a caveman can do it!)
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To: Delacon
People can invest their own money in pink unicorns for all I care. It's when the goverment starts investing the people's money in such hoaxes that annoys me.
6 posted on 01/22/2009 6:15:35 PM PST by Vozda ("For equanimity in the face of blind hatred, I recommend Christianity." ~Ann Coulter)
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To: Vozda

 

From the article:

Careers, companies and investors would be ruined, governments disgraced and the environmental movement set back decades as their primary crusade over the last ten years is exposed as hopelessly misguided, or even worse, an enormous fraud.


7 posted on 01/22/2009 6:19:52 PM PST by Delacon ("The urge to save humanity is almost always a false front for the urge to rule." H. L. Mencken)
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To: Delacon

And then can we laugh at them and say “we told you so.”


8 posted on 01/22/2009 6:38:34 PM PST by Vozda ("For equanimity in the face of blind hatred, I recommend Christianity." ~Ann Coulter)
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To: Delacon


9 posted on 01/22/2009 7:32:32 PM PST by Chode (American Hedonist -)
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To: Vozda
“And then can we laugh at them and say “we told you so.””

I dunno. I REALLY am inclined to cackle like Madame Lafarge before the guillotine. But being a guy, I don't cackle so much. I hee hee from time to time. Guffaw works. :)

10 posted on 01/22/2009 8:58:08 PM PST by Delacon ("The urge to save humanity is almost always a false front for the urge to rule." H. L. Mencken)
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