Original materials -
Copyright © 2020v by Gary Bachlund All international rights
"In reading The History
of Nations, we find that, like individuals, they have their whims and
their peculiarities, their seasons of excitement and recklessness, when
they care not what they do. We find that whole communities suddenly fix
their minds upon one object and go mad in its pursuit; that millions of
people become simultaneously impressed with one delusion, and run after
it, till their attention is caught by some new folly more captivating
than the first." Charles MacKay, 1841.
" 'Climate crisis trends show an increased chance of warmer, wetter
winters and hotter, dryer summers, along with an increase of frequency
and intensity of extremes. Better wrap up warm, stockpile food and
remember there is a surprising amount of food in the average household
pet. Looking ahead we are on course to sail past our 1.5 degree
centigrade target putting us on track for long lasting and irreversible
change'." in "Dame Emma Thompson gives gloomy forecast in Extinction
Rebellion protest," BT, 5 December 2019.
filet is served up the day
When panic envelops us all.
Hound dog chops -- a hyperbole, say? --
Are surprising filling, though small.
Mutt, not mutton, is served as fine fare
As crises burst into flame.
Imagine the victuals when larders go bare,
To blunt the carnivores' shame.
Indulge in indulgences, mostly in cash,
That governments would close this bazaar.
If only, yes only, the smorgasbord hash
Were cooler, not crueler, by far.
Kitty so pretty will quite fill the bill
When imagining all sorts of things.
It takes just a dame to act out this swill,
As panic its new menu brings.
Fido filet was served up the day
When rose the last socialist squall.
Hound dog chops -- doesn't history say? --
Were surprising filling, though small.
Addendum of One of Extinction Rebellion's Jet
Setters: "Many viewers of her interview slammed
Miss Jones's 'crocodile tears' and called for her and fellow Extinction
Rebellion - XR - protesters to leave the area. Now the 23-year-old
eco-warrior faces claims of hypocrisy after photos emerged of her carbon
spewing lifestyle, globetrotting to far-flung exotic locations." In
"Revealed: 'Rank hypocrisy' of globetrotting Extinction Rebellion jet
setter's lifestyle after she shed 'crocodile tears' over climate protest
that stopped son seeing his dying dad," by Jake Wallis Simons, Daily
Mail, 25 July 2019.
Addendum of Remedies for the Irremediable:
"Three causes especially have excited the discontent of mankind; and, by
impelling us to seek for remedies for the irremediable, have
bewildered us in a maze of madness and error. These are death, toil, and
ignorance of the future—the doom of man upon this sphere, and for
which he shews his antipathy by his love of life, his longing for
abundance, and his craving curiosity to pierce the secrets of the days
to come. The first has led many to imagine that they might find means to
avoid death, or, failing in this, that they might, nevertheless, so
prolong existence as to reckon it by centuries instead of units. From
this sprang the search, so long continued and still pursued, for the
elixir vitæ, or water of life, which has led thousands to pretend to it
and millions to believe in it. From the second sprang the absurd search
for the philosopher's stone, which was to create plenty by changing all
metals into gold; and from the third, the false sciences of
astrology, divination, and their divisions of necromancy, chiromancy,
augury, with all their train of signs, portents, and omens."
In "Extraordinary Popular Delusions and the Madness of Crowds,"
Charles MacKay, 1841.
Consider the Recent and Proven History of
and a Musing on
The Privileges of Intellectuals
Addendum of an Alternative to Eating Fido:
"Let nobody tell you that the second decade of
the 21st century has been a bad time. We are living through the greatest
improvement in human living standards in history. Extreme poverty
has fallen below 10 per cent of the world’s population for the first
time. It was 60 per cent when I was born. Global inequality has been
plunging as Africa and Asia experience faster economic growth than
Europe and North America; child mortality has fallen to record low
levels; famine virtually went extinct; malaria, polio and heart disease
are all in decline." In "We’ve just had the best
decade in human history. Seriously," by Matt Ridley, Spectator UK 21
Addendum II of an Alternative to Eating Fido:
"...the climate change crop scare is pure fiction.
Presenting crop data collected by the UN Food and Agriculture
Organization, the Global Economy website documents that U.S. crop
yields are enjoying excellent short-term, mid-term, and long-term
growth, with new records being set almost every year. According to
the USDA publication, 'Crop Production Historical Track Records,' the
past three years produced the three highest U.S. wheat yields per
acre in history. The past five years produced the five highest U.S.
corn yields and the five highest soybean yields per acre in history.
U.S. and global crop production are a story of steady growth and almost
yearly new records as the Earth modestly warms." In "Waking up on
climate change: Farm yields keep shattering records," by James
Taylor, CFact, 3 January 2020.
That's how it works
"When the global elite are aligned against him and laughing like the
immature cool kids you hated in middle school, President Donald Trump is
winning When the liberal law professors are neglecting their
Thanksgiving turkeys to read congressional transcripts and snarking
about Trump's 13-year old son, Trump is winning. When the politicians
are mad — so mad that they have shut down all policymaking to impeach
the President of the United States on what constitutional scholar
Jonathan Turley called 'wafer thin' evidence —Trump is winning." In
"Donald Trump was elected to break the elite. Of course they want to
impeach him," by Scott Jennings, CNN Opinion, 5 December 2019.
[ 1 ]
how it works
Sink bi-partisans' ship.
That's how it goes,
As partisan woes
Drip and slip and rip.
That's how it acts,
Threats and attacks,
A partisan fever to whip.
] "Break the elite?"
The assertion might be mere politics, but Jennings adds,
"...partisanship is more important than policymaking? That
House Democrats have no confidence in their party's ability
to beat Donald Trump in an election. And, perhaps most
alarmingly, that impeachment — once reserved for the gravest
of situations — is now just another tool to inflict
damage on their political opponents."
" 'Before I finished my testimony, my home and office were
inundated with threatening messages and demands that I be
fired from George Washington University for arguing that,
while a case for impeachment can be made, it has not been
made on this record,' Turley wrote in an op-ed published
Thursday in The Hill." In "Anti-impeachment witness says
he's received threats since Judiciary Committee hearing,"
by Devan Cole, CNN, 5 December 2019.
"...the regime confiscated all private firearms back in 2012. Exempted
from the ban: the regime’s 'Bolivarian Militias' — modern-day
brownshirts who have done much of the work of crushing protests for
years now. The government says their ranks now number 3.3 million, so
Maduro’s 4 million goal seems all too reachable. All around the world,
earnest fans of socialism insist it has never failed, as critics claim,
since 'true socialism has never really been tried.' Maduro is showing
that the sure way to make it 'succeed' is for the self-proclaimed
socialists to have all the guns." In "Maduro's socialist miracle: To
'succeed,' you just need all the guns," by Post Editorial Board, New
York Post, 10 December 2019.
you've each and every gun,
It's sure you'll have a lot of fun
Defined by all who will have none.
Confiscation thus has won.
If you've people without a fight,
It's sure you claim you have the right
To do most anything with such might.
Servitude rises in full sight.
little-publicized breakdown of how the Holy See spends Peter’s
Pence, known only among senior Vatican officials, is raising concern
among some Catholic Church leaders that the faithful are being
misled about the use of their donations, which could further hurt
the credibility of the Vatican's financial management under Pope
Francis. The Vatican is currently embroiled in a scandal over opaque
real-estate investments in London, which has triggered a power
struggle within the Vatican's bureaucracy and led to the dismissal
of its chief financial regulator. Last month, the Vatican was
suspended from an international network of anti-money-laundering
watchdogs." In "Vatican Uses Donations for the Poor to Plug Its
Budget Deficit: Only 10% of donations to the Peter’s Pence
collection go directly to charitable works," by Francis X. Rocca,
Wall Street Journal, 11 December 2019.
pence amounts to cents,
As most goes towards the rent.
Charity is the rarity,
For elsewhere much is spent.
Deficits accrued quite occlude
As heaven is downwards bent.
the elite's not lowly
peters have overspent.
Addendum of Vatican Salaries: "About 45%
of Vatican City’s budget of 300 million euros, or $329 million,
is devoted to salaries for 3,000 employees, according to the
Wall Street Journal, many of whom are in non-essential roles, budget
hawks argue. Officials say the Pope won’t approve layoffs." In "Pope
Francis urges Vatican leaders to fix city's ballooning budget
deficit," by Shawn M. Carter, Fox Business, 3 September 2019.
$329 million / 3K
employees = $109,667 per employee
Addendum of Comparative Average Salaries s in Rome:
"Average salary in Rome is EUR 49,614 (Gross).
All data are based on our survey (151 individual salary entries).
Average take home earning is EUR 31,970 (Net). The most typical
salary is EUR 33,800 (Gross)." In "Rome, Italy Salary," Average
Salary Survey, updated 18 November 2019.
Addendum of Duping, Dealing and Dubai:
"Originally in 2013, the IOR [Istituto per le Opere di Religion] set
up a committee to decide on how to invest €30 million. The decision
was to have Futura buy out a non-performing loan of €32 million from
the owner of the Exchange Palace, and then convert that loan into an
84% share in the Hungarian company redeveloping the property. But
the IOR claims Futura made an undeclared profit of €11.6 million by
duping the Vatican on the price of the Hungarian deal; and then by
planning to sell Futura’s 90% stake in the Exchange Palace’s holding
company, to Cougar Real Estate of Luxembourg, which is, in turn,
owned by a Dubai firm." In "Vatican chases millions in bid to
stop Malta fund from ‘abusive’ sale," by Matthew Vella, Malta Today,
14 December 2019.
Addendum of Theodore's Tithe: "Theodore
McCarrick, the first Catholic cardinal to be defrocked over sexual
abuse allegations, sent over $600,000 to powerful clergy in
the Church over almost two decades, according to documents obtained
by The Washington Post. The payments started in 2001 and went to
high-level clergy around the world, including Vatican bureaucrats,
papal advisers and two popes, according to the documents and former
Church officials. In total, the former cardinal gave money to
over 100 officials, several of whom were closely involved in
assessing misconduct claims against McCarrick, the Post
reports." In "Disgraced cardinal gave over $600K to popes, Vatican
officials: report," by Marty Johnson, The Hill, 27 December 2019.
Addendum of West Virginia Waste: " 'I'm a
Catholic — I'm a parishioner down the street, and for years it has
just bugged me to no end,' Baller said. 'I've seen them waste all
that money on that place and then turn around and ask us every
Sunday to donate more, donate more — always asking for money. It's
sickening'." In "West Virginia Catholic bishop spent $4.6M
renovating mansion where he 'inappropriately touched young priests'
- fitting it with a sunken bar, a wine cellar and a $20K dining
table - before church quietly sold it for only $1.2M after he was
fired," by Megan Sheets, Dailymail.com, 30 December 2019.
Consider the costs
- slippery slopes?
Use a kid for politics, part two
- more political optics' tricks for you
are suffering, people are dying. Entire ecosystems are collapsing. We
are in the beginning of a mass extinction, and all you can talk
about is money and fairytales of eternal economic growth. How dare
planet by painting it with murals here and there.
The kids' crusade was quite a hit.
Big Brother's gal can stare,
Glaring from each picture.
How dare you not commit
To each upcoming stricture demanding you submit?
Save the planet by painting it, with great icons to transmit
A giant message to befit moneyed interests' sniveling snit.
Trading carbon forth and back will most surely benefit
The traders who'll ride piggyback on indulgences they'll permit,
Through carbon markets' access which trade what some emit,
Paint and credits coalesce, as the latest, wholly writ.
review of previous artwork may be considered:
Use a kid for politics
- political optics' tricks
Addendum of Historical Precedent:
"The same strong feelings of piety and righteousness that led
knights to take the cross and march to war also affected the common
people, who lacked the wealth or training to do the same. The repeated
failure of the organized Crusades to reclaim Jerusalem and the True
Cross frustrated all Christians. This combination of frustration and
strong religious enthusiasm led to frequent and sometimes bizarre
manifestations of popular piety, such as the so-called Children’s
Crusade in 1212."
In "The Children’s Crusade," Britannica, n. d.
[ 1 ]
Addendum of COP25: "In
what was widely denounced as one of the worst outcomes in a
quarter-century of climate negotiations, United Nations talks ended
early Sunday morning with the United States and other big polluters
blocking even a nonbinding measure that would have encouraged countries
to adopt more ambitious targets for reducing greenhouse gas emissions
next year." In "U.N. Climate Talks End With Few Commitments and a 'Lost'
Opportunity," by Somini Sengupta, New York Times, 15 December 2019.
Addendum of No Deal on Carbon Markets:
"...almost 200 countries failed to agree on article six of the Paris
Agreement, concerning the carbon markets system." In "COP25 ends
with no deal on carbon markets," by Elena Sánchez Nicolás, EU Observer,
17 December 2019. [ 2 ]
Addendum of False But Profitable Solutions:
" 'In most social climate summit organisations this is seen as one of
those false solutions,' Isidro Castaner, one of the spokespersons for
Extinction Rebellion Spain, told Euronews. For this activist, the
underlying problem with carbon credits is that they perpetuate the
dynamic that 'everything can be traded and measured from an economic
perspective'. 'I don't believe in ecological capitalisation,' agrees
Madalina Scarlat, an activist for Fridays for Future Romania." In "What
are carbon markets and why are they the talk of COP25 in Madrid?" by
Marta Rodriguez Martinez, Euro News, 12 December 2019.
Addendum of Convening Carbon Market
Participants: "IETA has a proud history of
convening carbon market participants. In 2004, IETA joined the World
Bank and Koelnmesse in co-founding Carbon Expo, the first annual global
carbon trade fair and conference. It continues today under the banner of
Innovate4Climate, still the largest and most authoritative gathering of
carbon market stakeholders. IETA built on this experience to co-organise
regional Carbon Forums in Asia, Africa, Latin America and the Caribbean,
and North America. This series is conducted in partnership with the
UNFCCC, other UN bodies and international and regional development banks.
It offers IETA members platforms to discover new opportunities around
the world." IETA History, n. d. (International Emissions Trading
Addendum of Every Trick in the Book:
"The executive director at NGO Oxfam International, Chema Vera, believes
that UN nations have just argued over technicalities, instead of
committing to more ambitious cuts in emissions. 'Wealthy nations have
used every trick in the book to stall progress and avoid paying their
fair share,' Vera said, adding that 'now more then ever, it is vital
that people across the world keep up the pressure on governments to
deliver more ambitious climate action'." In " Prostituting Charity: The
Oxfam Debate," by Dr. Binoy Kampmark, Counter Currents, 1 March 2018.
Addendum of Stymieing Progress:
"Challenges include Brazil’s insistence on a carbon accounting approach
others say is baffling and Australia’s insistence on carrying over old
credits to meet its Paris emissions targets, which others see as an
accounting trick. Brazil and developing countries, in turn, accused
the European Union and other industrialized economies of stymieing
progress on financial aid for poorer countries, saying they could not be
more ambitious on their climate goals unless they received more
assistance." In "Under fire over climate summit, Chile blames big
polluters," by Aislinn Laing, Matthew Green and Isla Binnie, Reuters, 16
[ 5 ]
Addendum of Ironic Merchandising:
"The Times [ UK ] has claimed in an analysis that
despite a boom in the sale of Swedish eco-activist Greta
Thunberg-related merchandise indicating greater environmental awareness,
much of it is either transported from China or made from
environmentally unfriendly materials. The 'Greta' memorabilia includes a
variety of T-shirts, mugs, stickers, badges and bags which are currently
available online via Amazon, eBay and Etsy." In " 'Greta Thunberg'
Merch Made of Toxic Materials, Shipped From China – Report," by Oleg
Buranov, Sputnik News, 21 December 2019.
Addendum of Ironic Merchandising II:
" 'Pray to Saint Greta Thunberg, Saint of Climate Change,' the
Shrine On description reads. The candle, which includes a picture of
Greta Thunberg dressed up as Jesus Christ often is in votive candles,
sells for $18 plus shipping. The Etsy listing is slightly cheaper
at $14.43, and it reveals that the item will be ready to ship from
Canada in 3-5 business days." In "Pray to Greta, Saint of Climate
Change, for $18 Plus Shipping," by Tyler O'Neil, PJ Media, 7 January
Addendum of Africa's Increasing Energy
Consumption: "According to the International
Energy Agency, 95% of the global population without access to
electricity is found in sub-Saharan Africa and developing Asia.
Africa also has the world’s fastest-growing population, so the potential
for increased energy consumption is huge. South Africa's Mines and
Energy Minister Gwede Mantashe also warmed to this theme. Noting that
Africa has long exported its hydrocarbons to the rest of the world while
the region remained energy-deficient itself, he told a media briefing at
the conference that: 'We must consume sizeable amounts of what we
produce and export what is left'." In "The new scramble for
Africa is all about providing energy," by Ed Stoddard, Business
Maverick, 8 November 2019.
[ 6 ]
Addendum of More and More Chinese Coal:
"Coal consumption is back near peak levels after
rebounding over the past three years, despite China’s pledges to make
steep cuts in what is the country’s most prevalent and polluting source
of energy. The country is building more coal-fired plant capacity
than the rest of the world combined. Infrastructure stimulus
measures to offset the impact of the prolonged trade war with the U.S.
have boosted consumption, while Beijing has taken a softer stance on
coal use after a missile attack in September on Saudi Arabia, China’s
biggest source of oil imports, underscored the country’s reliance on
foreign energy. " In "In Tougher Times, China Falls Back on Coal. As
worries mount over a slowing economy and energy security, coal use has
climbed despite Beijing's claims to be leading climate-change fight," by
Stephanie Yang, Wall Street Journal 23 December 2019.
Addendum of 29 Percent:
"When it comes to climate change, Beijing holds the fate of the planet
in its hands. China accounts for 29 percent of global CO2 emissions,
more than the next three countries -- the US, Russia, India -- combined,
according to the Global Carbon Project. Its carbon footprint has tripled
in 20 years from 3.2 to 10 billions tonnes in 2018." In "Five
Reasons COP25 Climate Talks Failed," by Marlowe Hood, International
Business Times, 25 December 2019.
Addendum of Admitted Public Therapy:
"He described how the young climate activist 'fell ill' and stopped
eating and talking to others, staying at home for a year from the age of
11 when she was first diagnosed with Asperger's. Her recovery started
when he became vegan and her mother, Swedish opera star Malena Ernman,
stopped flying, Mr Thunberg said, adding: 'We are not climate
activists, we never were. We knew it was the right thing to do - but I
didn't do it to save the climate, I did it to save my child'." In
"Greta Thunberg's father Svante reveals he thought the 16-year-old's
eco-crusade was a 'bad idea' - but believes it has actually saved her
from a pit of depression he feared would KILL her," by Lara Keay and
Martin Robinson, Mail Online, 30 December 2019.
Addendum of Preparing for a Bonanza:
"...the Greta phenomenon has also involved green
lobbyists, PR hustlers, eco-academics, and a think-tank founded by a
wealthy ex-minister in Sweden’s Social Democratic government with links
to the country’s energy companies. These companies are preparing for
the biggest bonanza of government contracts in history: the greening of
the Western economies. Greta, whether she and her parents know it or
not, is the face of their political strategy." In "Greta’s very
corporate children’s crusade," by Dominic Green, Standpoint, 30 June
[ 7 ]
Addendum of Asset Control over a Bonanza:
"BlackRock joins more than 370 global investors,
including pension giant CalPERS and HSBC Global Asset Management,
already participating in the initiative, which aims to sway companies
ranging from fossil-fuel producers to consumer-product conglomerates to
be carbon neutral by 2050. With BlackRock on board, total assets under
management represented by Climate Action 100+ now top $41 trillion." In
"World’s largest asset manager BlackRock joins $41 trillion
climate-change investing pact," by Rachel Koning Beals, MarketWatch,
9 January 2020.
[ 8 ]
Addendum of the Worldwide Bonanza Meeting:
"...Lucy Gilliam, a shipping specialist at European clean transport
nonprofit Transport & Environment, criticized the idea of carbon
offsetting to CNN. 'You're not actually removing the emissions that
have been created by that plane,' she said. 'The plane will have burned
that fuel, and the carbon has been released into the atmosphere'."
In "Davos says it is focusing on the climate crisis, but its
billionaires and world leaders are still arriving on private jets,"
by Sinéad Baker, Business Insider, 20 January 2020.
Do you remember the good old days?
[ 1 ]
The young leading into folly is a historical truth. As
Britannica also notes: "...in early 1212 a young
man named Nicholas from Cologne became the focal point for a
popular movement that swept through the Rhineland. After
having allegedly received divine instruction...."
[ 2 ]
A "worst outcome" as the NY Times opined is that "carbon
markets" did not assign "voluntary" and thereby mandatory
obligations to "trade" in carbon credits. The "carbon
markets system" is about traders profiting, when all is said
and done. More details flesh out the reality of the
"markets," which are not markets.
The mural imagery above yields to a mural defaced in only
two days in Canada, followed by logos of some of the real
players behind the larger "carbon" picture.
Carbon Commodities and
Electronic Exchange Platforms
Among the many traders lining up to profit from a "not new"
concept -- the commodity -- is Carbon TradeXchange. From
their website, one learns of their "products":
"Today CTX is operated by Environmental Markets Services
Ltd, a UK-based subsidiary of Global Environmental Markets
(GEM). Under the CTX brand, EMS trades Carbon Credits
certified by the Gold Standard, Verified Carbon Standard and
United Nations CDM. We also offer other Carbon Services,
including: Carbon Offsetting; Carbon Neutral Certification;
Carbon Project Development; and Carbon Footprinting."
Carbon TradeXchange, n. d.
CTX is that "UK-based subsidiary" of a larger trader,
led by Wayne Sharpe. One reads further: "Since its foundation in
2009, GEM has built its own proprietary technology and IP
with the help of heavy investment. As a result, minimal
'redevelopment' is required for personalisation of the
technology to suit industries and sectors. GEM also provides
market operators with electronic exchange platforms that
help to facilitate fair, orderly and transparent electronic
exchange trading platforms that give their participants the
complete confidence to trade. Furthermore, GEM has a
proven track record in designing, developing and operating
web-based exchange and registry systems that suit any market
requirements. These requirements can range from listing new
products, disseminating market knowledge and information
through to facilitating trading and providing world class,
real time, clearing and settlement."
What is being traded? Paper. Certificates. "The concept is
not new." One may refer back to the sourced footnotes under
and especially the historical details found in the second footnote.
But What Are Carbon Commodities?
And yet, the COP25 could not define a simple term,
"The talking was endless: more than 70,000 hours were spent
failing to define a 'market instrument,' something that
was meant to have been decided at last year’s conference in
Katowice, Poland. Even though the Madrid conference ran over
into the weekend, making it the longest ever, the issue will
be kicked into next year’s talks, in Glasgow, Scotland." In
"Madrid Climate Conference Ends in Failure," by Rupert
Darwall, Real Clear Energy, 16 December 2019.
Given there is no "market" without enforcement mechanisms
and treaty-like obligations, it is of course difficult to
define a "market instrument." What is the worth of a
certificate? What is its backing? Shelf-life? Long-term
[ 3 ] This is a problem
for the traders in "carbon" credits, pieces of certified
paper more or less.
Purchase the Right to Pollute?
One reads: "The idea behind this system is that
the most polluting countries can purchase the right to
pollute more from countries that have not reached their
emissions limits. The concept is not new. The 1997 Kyoto
Protocol turned polluting emissions into a commodity.
For example, the European Union Emissions Trading System (EU
ETS) is the largest in the world and has been in operation
since 2015. 'Carbon markets are regulatory structures that
allow, in particular, oil and gas-intensive companies or
heavy industry (or, in the case of COP25, countries) to
reduce their economic footprint through a series of
incentives,' Reed Blakemore, associate director of the US
international affairs think tank Atlantic Council, told
Euronews." In "What are carbon markets and why are they
the talk of COP25 in Madrid?" by Marta Rodriguez
Martinez, Euro News, 12 December 2019.
Proposed for murals: Multimillionaire traders Sharpe, Gore and
Blood, and their Carbon Investing and Marketing
And so Madalina Scarlat's objection makes sense, as she
declared "I don't believe in ecological capitalisation." Millionaire
traders do. But should nations wish to cut their carbon emissions, they may
do so from within their own national borders by national and
local law and regulation.
Scarlat in Madrid, not on a mural
Buying extra-national pollution credits does not reduce
proposed pollutants. But it will make some very few very
rich, as they take a fee from the "market" of pieces of
paper. Perhaps the faces of the traders, advocating for
countries to sign up to their trading services could be
painted large, as murals once the ones above have lost their
There is much money to be won. One reads further:
"Generation Investment Management, co-founded by former
US Vice President Al Gore, has raised $1 billion (£786m) for
its latest private equity fund to back sustainable
start-ups. Generation IM Sustainable Solutions Fund III will
invest between $50 million and $150 million in companies
helping the health of the planet or individuals, or those
driving financial inclusion." In "Al Gore’s investment fund
Generation raises $1bn to back eco-friendly start-ups," by
James Cook, Telegraph UK, 21 May 2019.
CO2 Will Be Priced as an Asset,
and Pollution Rights
Will Be Purchased
And from years before: "The potential impact of
climate change on asset pricing is highly material. For
example, CO2 emissions will eventually be priced. The
longer we wait, the higher the price point required to
control global warming and the higher the risk of
catastrophic outcomes. These events will eventually have
negative stock price consequences in such industries as
utilities, mining, transportation, chemicals, and fossil
fuels." In "Sustainable capitalism: taking responsible
investment mainstream," by Keith Ambachtsheer, Guardian UK,
16 July 2013.
So, to review: "The idea behind this system is that the most
polluting countries can purchase the right to pollute
more from countries that have not reached their emissions
Isidro Castaner, of Extinction Rebellion, not on a mural
Those who act as middlemen stand to make money from all
sides. This is what the Guardian called "sustainable
capitalism." The Telegraph used the term, "eco-friendly."
Climate activist Isidro Castaner, above, stated "the underlying problem with
carbon credits is that they perpetuate the dynamic that 'everything
can be traded and measured from an economic
The traders would like that. Theirs are the faces of the
carbon trading schemes.
[ 4 ] The "optics" of
Oxfam International has been sullied, as the article refers
to a Times UK article, and notes: "The revelations
this month that the charity’s staff sexually exploited
victims of the Haiti earthquake in 2010, a point
subsequently concealed, have triggered a storm of British
discontent. The revelations included a very active country
director, Roland van Hauwermeiren, who revelled in sex
parties as he went about his humanitarian work. Allegations
of sexual abuse in Oxfam shops have also made their searing
mark. The organisation has lost over 7,000 donors since the
revelations, and MPs on the international development
committee overseeing aid have been unimpressed."
One might imagine other
sorts of murals in public spaces such imagery might bring?
[ 5 ] One reads of
smaller, poorer nations, that "they could not be more
ambitious on their climate goals unless they received more
assistance." Exactly the point, and fully rational.
COP25: A wrong turn causes delays, which could hamper
ambition / HSBC-ThomsonReuters
Ambition for Assistance...
potentially capitalist explanation is that many wish to
be paid for their efforts. The likely socialist
explanation is that many have greater need and therefore
need "assistance," as the "ambition" now
elevated into the COP discussion is for income transfers.
This further amplifies the quote above that "everything
can be traded and measured from an economic perspective,"
given the demands, expectations and push for treaty
mechanisms of "credits" in the hands of traders who may
profit from the "mechanism," and transfer of wealth thereby,
for such reasons as any might make.
...to ambition for
Wealth and Power
Prince La-di-dah and gazillionaires
will make out fine, either way. "How dare you" not go along
with the schemes, the optics and the clear goals -- of
wealth and power for the few, when everything can be traded?
Why such skepticism? One reads: "Manufacturing
Consent: The Political Economy of the Mass Media is a 1988
book by Edward S. Herman and Noam Chomsky, in which the
authors propose that the mass communication media of the
U.S. 'are effective and powerful ideological institutions
that carry out a system-supportive propaganda function, by
reliance on market forces, internalized assumptions, and
self-censorship, and without overt coercion', by means
of the propaganda model of communication. The title derives
from the phrase 'the manufacture of consent,' employed in
the book Public Opinion (1922), by Walter Lippmann
(1889–1974). The consent referred to is consent of the
governed." In "Manufacturing Consent," Wikipedia article, n.
The Art of Engineering Consent
This is fleshed out further: "For Herman and
Chomsky, the acceptance of government policies by people in
the USA on the basis of the partial picture of issues
offered by the mass media, denying them access to
alternative views which would lead them to oppose such
policies. They present this as a propaganda model in
which the mass media select material in relation to the
values of those in power. The concept found in Gramsci and
Althusserian Marxism, in which the dominant class sustains
its hegemony through engineering assent: see also
ideological state apparatus." In "Manufacture of
consent," Oxford Reference, n. d.
Manipulating the Unaware
Oxford Reference also notes: "An allusion to the
concept of 'the engineering of consent' defined in 1947, by
the Austrian-American public relations pioneer Edward
Bernays (1891–1995), as the art of manipulating people
without them being aware of it. Bernays, a nephew of
Freud, argued that people can be enticed to want things that
they do not need if these are linked to their unconscious
desires, a notion pursued by Dichter, the 'father of
One may then return to the art, as many murals have been
painted recently, in this latest of the many children's
crusades which have been mounted across centuries.
China Coal is a Chinese Goal
planet by painting it /
With murals here and there." The carbon traders and their
wealth-making images will not be seen in such murals,
manufacturing consent in the Western world. But in
China more coal-fired power plants are being constructed.
do the Western activists say of this? What murals will be
painted in China? Which Extinction Rebellion protest will be
mounted there? What "credits" will GEM and the EU's European
Trading System sell to China, when the Chinese have started
their own "system" for trading pieces of paper? What "sustainable" investments
will Generation Investment Management place under Chinese
story is not yet complete. Tick tock.
[ 6 ] How about the optics
of a white north European telling Africans who are ramping
up power production, "How dare you?"
Not on a mural....
about the optics of a white north European telling Chinese
who are ramping up power production including coal plants,
"How dare you?" Not on a mural.....
about the optics of white Anglo-world multi-millionaires
urging government-controlled "market mechanisms" to
profit by trading in
energy indulgences? How about "how dare you?"
Not on a mural....
The Poor Dare to Want Affordable
reads: "More than 340,000 electricity customers across
Germany have their power cut off each year for failing to
pay bills. A new proposal from one political party aims to
change this. Figures from 2017 show that there were 343,865
cases of people having their electricity shut down off due
to not paying a bill, an increase of 14,000 from the
previous year." In "Call to prevent power cuts in poorest
German households," TheLocal.de, 14 May 2019.
about the optics of hundreds of thousands of Germans being
threatened with power cuts? Murals and public protests by
middle and upper class do not answer any of these questions,
as they shout "How dare you?" When people are poor enough,
[ 7 ] In terms
of optics, the "teenager" face of this is media-hyped, while
other faces will never appear on murals around the world.
Printing and Selling Carbon
reads: "For Sweden’s energy titans, saving
the planet means government contracts to print the green
stuff. Green energy lobbyists use populist scare tactics
and a children’s crusade to bypass elected representatives,
but their goal is technocracy not democracy, profit not
redistribution. Greta, a child of woke capitalism, is being
used to ease the transition to green corporatism." In
"Greta’s very corporate children’s crusade," by Dominic
Green, Standpoint, 30 June 2019.
Ingmar Rentzhog, founder of a social media
marketing motto is "Together we are the
solution to the climate crisis"
will not been seen painted on a public mural, Rentzhog
alongside Al Gore, left above, is his article in Finance
Monthly, August 2018.
A Game Changer? A Game?
think it’s beyond doubt that social media is a real game
changer. Institutions and organisations don’t have the
same control over their message and the image they project.
So they must be much more proactive in terms of building
relations with influencers and creating innovative
strategies that work in today’s media landscape." In
"Climate Change: We Don’t Have Time," Ingmar Rentzhog, 31
politics, for many, has meant the search for investors to
place money in the hands of "green" investment managers,
like Gore, Sharpe, and many like Rentzhog.
Finance, Investment Relations,
Real Estate Funds and Investment Corporations
Dominic Green's article notes of this "green" public figure,
whose "Swedish" social media platform operates in English, "
'Trained by Al Gore's Climate Reality Project, Rentzhog
set up We Don't Have Time in late 2017 to 'hold leaders and
companies accountable for climate change' by leveraging 'the
power of social media'. Rentzhog and his CEO David Olsson
have backgrounds in finance, not environmental activism,
Rentzhog as the founder of Laika, an investment relations
company, and Olsson with Svenska Bostadsfonden, one of
Sweden's biggest real estate funds, whose board Rentzhog
joined in June 2017. We Don’t Have Time's investors
included Gustav Stenbeck, whose family control Kinnevik, one
of Sweden's largest investment corporations. In May
2018, Rentzhog and Olsson of We Don't Have Time became
chairman and board member of a think-tank called Global Utmaning (Global Challenge). Its founder, Kristina Persson,
is an heir to an industrial fortune."
this "foundation" and from its own site, one reads:
"The company’s majority shareholder is stiftelsen
WeDontHaveTime Foundation. The non-profit foundation was
founded by Ingmar Rentzhog and David Olsson,
and is based in Stockholm, Sweden. Its principal purpose is
to contribute to a reduced climate impact and an
ecologically sustainable environment. Board of directors:
Cathy Orlando, Stuart Scott, Per-Espen Stoknes, Ingmar
Rentzhog, David Olsson, Jamie Margolin (youth advisor)."
might be skeptical and conclude among its purposes is to
pursue politics and investors willing to turn over their
wealth to these "managers." While this foundation states it
is "non-profit," the surrounding companies in which its
founders are heavily invested are profit driven.
would these whose backgrounds are in finance, real-estate
funds and investment corporations look on a mural? Perhaps
replacing a child? After all they, according to their own
words, are "the solution to the climate crisis."
"solutions" will take their percentage/fee for "trading"
printed certificates. If investors lose, these traders will
still win. And so "exchanges" proliferate alongside
media-fed climate predictions.
To Generate Credits That Can Be
reads somewhat outdated information: "Currently,
there are six exchanges trading in UNFCCC related carbon
credits: the Chicago Climate Exchange (until 2010), European
Climate Exchange, NASDAQ OMX Commodities Europe, PowerNext,
Commodity Exchange Bratislava and the European Energy
Exchange. NASDAQ OMX Commodities Europe listed a contract to
trade offsets generated by a CDM carbon project called
Certified Emission Reductions. Many companies now engage in
emissions abatement, offsetting, and sequestration programs
to generate credits that can be sold on one of the
exchanges. At least one private electronic market has
been established in 2008: CantorCO2e. Carbon credits at
Commodity Exchange Bratislava are traded at special platform
called Carbon place. Trading in emission permits is one of
the fastest-growing segments in financial services in the
City of London with a market estimated to be worth about €30
billion in 2007. Louis Redshaw, head of environmental
markets at Barclays Capital, predicts that "carbon will
be the world's biggest commodity market, and it could become
the world's biggest market overall." In "Emissions
Trading," Wikipedia, n. d.
"Could become?" Ergo, as
Green wrote above, "...the biggest bonanza of government
contracts in history: the greening of the Western economies."
Government contracts. Not free markets. Green calls this
"the transition to green corporatism." At this point,
rereading the quote above from
is apt. Corporatism is a form of governmental fascism,
- an original sin.
Optics? Use a Child Rather Than
Wealthy Corporate Traders
from the PJ Media article above, "Another Greta candle on
Etsy, also going for $18 but shipping from Chicago, casts
the 16-year-old climate doomsday preacher as the Virgin
Mary, complete with the sacred heart image — a heart pierced
with a sword. In her left hand, the climate saint holds a
globe designed like a bomb with a lit fuse."
remember to panic!
[ 8 ] One notes that all these "investment
managers" are pressuring companies and those who also invest
through their management services to involve themselves in
the worldwide trading systems, which will make traders a
"bonanza." Where will such profits come? As always and
ever, the little people will pay in increased costs in terms
of prices, as the few as ever profit from the many. As
green screws red
lights or bread.
Berövade - vade retro
"Opposition politicians, however, have blamed the government for years
of inaction. 'This government has lost control over crime in Sweden. We
have seen in recent years how the number of fatalities has increased.
Now bomb blasts are also increasing in a way that lacks international
equivalence,' said Ulf Kristersson, leader of opposition party the
Moderates. Police have identified around 60 deprived areas, mainly in
and around larger cities, where unemployment is high, incomes low and
where drugs and gangs have gained a firm foothold." In "Sweden
suffers surge in bomb attacks as gang violence rises," by Simon
Johnson, Reuters, 16 January 2020.
disenfranchised is the tale of woe one hears,
When booms and gangs and violence stir up societal fears.
Alas and alack, oh woe are they who haven't what they want.
With high, explosive energy society bears the brunt.
Deprived and disenfranchised is politics of a sort
But it does little more than 'tsk, tsk, tsk' rather than violence abort.
and snowflakes fine to see,
Crocheted in colors kaleidoscopically.
The one begets many geometrically
That others enjoy such work with glee.