Month: May 2023

Environmental NGOs In the Global South: Saviors of Humanity or Predatory Special Interests?

On Friday, the Moscow Times announced the closure of Greenpeace Russia following the government authorities’ decision to label it “undesirable,” a designation that renders all its activities illegal. The Prosecutor-General’s Office claimed that the group “intervenes in Russia’s internal affairs,” financially supports “foreign agents,” and that its activities “pose a threat to the foundation of the constitutional system and security of the Russian Federation.” It also said that after the beginning of the war in Ukraine, “Greenpeace activists have been involved in anti-Russia propaganda, calling for the further economic isolation of our country, and an increase in sanctions” imposed on Moscow.

In response, Greenpeace Russia said “By destroying Greenpeace for being critical of environmental issues, the country loses one of its leading experts in solving environmental problems.” Over the past 30 years, the organization has played a role bringing to the attention of society and policy makers the myriad environmental problems in the country, from illegal deforestation to the pollution of lakes and rivers, waste management and recycling and so on. The organization argued that “We are doing everything possible to ensure that people in our country live in favorable environmental conditions…Can the protection of the country’s nature be contrary to its interests?”

It is no surprise that the green chattering classes of the West will cast this event as yet another example of Putin’s autocratic government riding roughshod over an organization that speaks on behalf of ordinary people in Russia. Alas were it that simple.

The Indian Experience With Greenpeace

In 2015, the Indian government under Prime Minister Narendra Modi cancelled the foreign funding of an estimated 10,000 non-governmental organizations (NGOs) for “not complying with tax codes”. The ban on Greenpeace India provoked much furore in the Western press (here and here). The Western mainstream media cast the actions of the government as reflecting the BJP party’s “intolerant nationalism”. Yet it did little to counter the country’s Intelligence Bureau’s charges that Greenpeace was a threat to national economic security, leading protests against nuclear and coal power plants, mining projects and GM foods. According to the Bureau’s report, Greenpeace alone was leading a “massive effort to take down India’s coal-fired power plant and coal mining activity.” According to Reuters that had seen an excerpt of the report, the cancellation, disruption or delay to various development projects had clipped gross domestic product growth by 2 to 3 percent a year.

Greenpeace India defended itself from the accusations, claiming that it stood for “sustainable development”. It said “We have a legitimate right to express our views in what is the world’s largest democracy. We believe that this report is designed to muzzle and silence civil society who raise their voices against injustices to people and the environment by asking uncomfortable questions about the current model of growth.”

A good example of Greenpeace’s notions of “sustainable development” relates to the case of the village of Dharnai in India’s poorest state (Bihar) severely lacking access to electricity. Greenpeace activists set up a solar-powered microgrid for the village in 2014 with much publicity. Problems emerged immediately with the load put on the solar “grid,” as households began hooking up appliances such as television sets, electric water heaters, irons, and air conditioners. At the official opening of the solar power system, the villagers protested with banners saying, “we want real electricity, not fake electricity.” “Real” meant power from the central grid generated mostly using coal. “Fake’ referred to intermittent and dilute solar power. In great irony, embarrassed state officials facing the press at the gala opening of the Greenpeace-promoted solar showpiece ensured that the village was soon connected to the coal-fired power grid.

According to a report published last week, state-run Coal India Ltd has developed 52 coal mining projects, including 13 new coal blocks in a plan to attain the one billion tonne coal production target by the fiscal year 2025–26. As a result of aggressive coal mining developments over the past few years, India has maintained relatively stable electricity prices despite the surge in global energy prices after the Ukraine war. Greenpeace would have had it otherwise though claiming to represent the interests of India’s power-deprived citizens.

Western-Funded Environmental NGOs in the Third World

Greenpeace is headquartered in Amsterdam, has a large budget with contributions from rich foundations such as the Rockefeller Family Fund. It controls huge lobbying and litigation resources, often exceeding government finances available to many small developing countries. Well-funded NGOs such as Greenpeace represent large bureaucracies with interests in creating environmental scares to maximize income, salaries and perks of its staff and key executives. The classic example of Greenpeace raising cash via bogus alarmist reports relates to polar bears that are allegedly facing extinction.

Are Western-funded environmental NGOs such as Greenpeace operating in the Global South the moral arbiters of environmental issues affecting the poor and the marginalized? Are they the “global salvationists” giving succour to the “wretched of the earth”? Do they promote “sustainable development” in the face of predatory capitalists and their governmental supporters? As the late classical economist Deepak Lal asked in an opinion piece on the foreign-funded NGO ban, “what are we to make of their local representatives who seek to influence their countries’ public policy to the agenda of their foreign sponsors”?

https://www.forbes.com/sites/tilakdoshi/2023/05/23/environmental-ngos-in-the-global-south-saviors-of-humanity-or-predatory-special-interests/?sh=7a8da84859aa

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May 27, 2023 at 04:20AM

Is Dominion’s offshore wind project ‘arbitrary and capricious’? NOAA says YES!

In NOAA’s own opinion there will be eight human caused dead Right Whales caused by the project every year, even though the allowable amount is zero!

The post Is Dominion’s offshore wind project ‘arbitrary and capricious’? NOAA says YES! appeared first on CFACT.

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May 27, 2023 at 03:46AM

Grand Energy Deception: Unpacking The Worldwide $5 Trillion Renewable Energy Scam

The heralded wind and solar ‘transition’ has already revealed itself as among the greatest deceptions ever pulled. Harry Houdini would have been impressed with the wind and sun cult’s ability to turn night into day and twist logic and reason beyond even the most delusional imagination.

As Nick Giambruno details in this punchy little essay, taxpayers and power consumers around the globe have already stumped up $5 trillion subsidise wind and solar, with their combined output globally amounting to little more than a rounding error.

Nick correctly describes coal, oil and gas as the mainstay of the world’s energy supply – now, and for generations to come. Given that wind and solar have already proven to be an abject failure, as Nick points out, the only serious contender is safe, reliable and affordable nuclear.

The Great Energy Deception: The Truth Behind the $5 Trillion Renewable Energy Scam
Financial Underground
Nick Giambruno
April 2023

Did you know governments worldwide have spent over $5 trillion in the past two decades to subsidize wind, solar, and other so-called renewables?

To put that in perspective, if you earned $1 a second 24/7/365—about $31 million per year—it would take you 158,550 YEARS to make $5 trillion.

$5 trillion is an almost unfathomable amount of money.

However, even with that astronomical financial support, the world still depends on hydrocarbons for 84% of its energy needs—down only 2% since governments started binge spending on renewables 20 years ago.

That’s all according to Mark Mills in a report from the Manhattan Institute, who concludes that:

“The lessons of the recent decade make it clear that solar, wind, and battery technologies cannot be surged in times of need, are neither inherently ‘clean’ nor even independent of hydrocarbons, and are not cheap.”

With all that in mind, it should be clear that so-called renewables—more accurately, unreliables—have been a giant flop. They are not viable for baseload power—even with $5 trillion in subsidies and two decades of trying. Today, using wind and solar for mass power generation is an artificial political solution that would not have been chosen on a genuinely free market for energy.

Wind and solar power might be useful in specific situations. Still, it’s ridiculous to think they can provide reliable baseload power for an advanced industrial economy. It’s like trying to force a square peg into a round hole.

Nonetheless, governments, the media, academia, and celebrities flippantly push for an imminent energy “transition” as if it’s preordained.

It’s shocking and depressing so many adults think they can magically change the underlying economics, chemistry, engineering constraints, and physics of energy production to suit their childish fantasies and political agendas.

Unreliables—i.e., renewables—will not replace hydrocarbons anytime soon and will certainly not bring about energy security… despite what many “serious” people believe.

When it comes to reliable baseload power, most of humanity has only three choices:

  1. hydrocarbons—coal, oil, and gas
  2. nuclear power
  3. abandon modern civilization for a pre-industrial standard of living.

Aside from friendly aliens delivering a magical new energy technology, most places have no other alternatives.

So, with Western governments intent on going green, sanctioning large energy exporters (Russia, Iran, Venezuela), and shunning hydrocarbons in general (ESG, windfall profits taxes, limiting exploration, burdensome regulations), it boils down to a simple choice.

They can either embrace nuclear energy—which has zero carbon emissions—or give up reliable electricity.

I suspect it won’t be long before Western governments turn to nuclear energy in a big way for two reasons.

Reason #1: Rising hydrocarbon prices.

Reason #2: Concerns about energy security.

Rising Hydrocarbon Prices
First, a necessary clarification.

Sloppy, vague words lead to sloppy, vague thinking.

The term “fossil fuels” is an excellent example of this.

When the average person hears “fossil fuels,” they think of a dirty technology that belongs in the 1800s. Many believe they are burning dead dinosaurs to power their cars. They also think fossil fuels will run out soon and destroy the planet within a decade.

None of these absurd things are true, but many people believe them. Using misleading and vague language plays a large role.

I suggest expunging “fossil fuels” from your vocabulary in favor of hydrocarbons—a much better and more precise word.

A hydrocarbon is a molecule made up of carbon and hydrogen atoms. These molecules are the building blocks of many different substances, including energy sources like coal, oil, and gas. These energy sources have been the backbone of the global economy for decades, providing power for industries, transportation, and homes.

Modern civilization has only two choices for baseload power—hydrocarbons or nuclear.

I believe hydrocarbon prices will rise substantially in the months ahead, making nuclear—the only practical alternative—even more attractive than it already is.

There are four powerful trends that I think will push hydrocarbon prices higher.

Trend #1—The End of the Petrodollar System: The US government will soon lose its ability to print money to buy energy—an incredible privilege no other country has. That will have significant consequences for oil prices.

Trend #2—Rampant Currency Debasement: Governments worldwide have no choice but to engage in ever-increasing currency debasement. 2023 could be the year it reaches a crescendo.

Trend #3—Carbon Hysteria and Under-Investment: Governments have redirected trillions in capital away from nuclear and hydrocarbons and sent it to wind and solar. Further, ESG madness, “net zero” goals, and other unfavorable government policies have led to a massive under-investment in hydrocarbons. I expect the carbon hysteria will cause tighter supplies and higher prices.

Trend #4—Geopolitical Turmoil: The conflict between Russia (the 2nd largest oil exporter) and Ukraine has no end in sight. Tensions with Iran could explode at any moment. As a result, geopolitical turmoil could easily escalate, causing hydrocarbon supply disruptions out of Russia and the Middle East.

These are four powerful trends pushing for shortages and significantly higher hydrocarbon prices.

When hydrocarbons become expensive, the world looks to alternatives. And there is only one: nuclear.

Energy Security
Having secure access to energy, which is essential for any economy and any country’s stability, is paramount. That’s why energy security is national security.

Without energy security, any country is in a vulnerable position. No sovereign nation can tolerate being at the mercy of someone else for something as crucial as energy.

Unsurprisingly, many governments inevitably turn to nuclear to help ensure their access to reliable energy. That’s because a small amount of uranium can produce tremendous energy in a nuclear power plant.

According to the Nuclear Energy Institute, a one-inch tall uranium pellet can produce as much electricity as one ton of coal, 149 gallons of oil, and 17,000 cubic feet of natural gas.

It’s impractical for countries without domestic hydrocarbon supplies to stockpile several years’ worth of coal, oil, or gas. On the hand, it is practical for countries to stockpile five years’ worth of uranium for nuclear power plants.

Take Japan, for example.

Japan is the world’s third-largest economy. Before the Fukushima disaster, nuclear power plants produced around 30% of Japanese electricity.

After Fukushima, Japan shut down all of its nuclear reactors.

Japan shuttered its nuclear power plants despite a government policy that requires it to stockpile at least five years’ worth of energy supplies. This policy dates back to the early 1970s when a large regional war in the Middle East disrupted energy supplies and rocked Japan, which lacks its own energy resources.

Uranium is the only feasible way for Japan to meet the terms of this policy. It’s impractical for Tokyo to stockpile five years’ worth of coal, oil, or gas.

Japan has made an emergency exception to this policy because of Fukushima. But without energy security, it’s in a vulnerable position concerning its historical rival China. That is especially true if geopolitical turmoil in the Middle East or Eastern Europe disrupts oil and gas supplies.

It would be ironic to see Japan suffer from another oil shock during the period in which it suspended the very policy to protect it from one. That should incentivize Japan not to delay restarting its nuclear reactors.

In fact, Japan has recently made a dramatic pivot towards nuclear power because it has finally realized there is no alternative for it to meet its energy security needs.

Tokyo has started reactivating its nuclear reactors and implementing pro-nuclear policies.

While Japanese restarts are an important factor determining the market balance, it is not the only one. Even if the Japanese demand for uranium never returns, the 150 new reactors in China could create enormous new demand that will more than offset it over the longer term.

Here’s the bottom line with uranium.

I wouldn’t be surprised to see hydrocarbon prices spike amid a geopolitical crisis, which would be a catalyst for much higher uranium prices.

Regardless, hydrocarbon prices are set to soar for the other reasons I mentioned above. As a result, I expect Western countries will soon become desperate for energy security.

They’ll eventually realize—as Japan did—that nuclear power is the only solution. And when they do, it will turbocharge the uranium bull market that is already underway.
Financial Underground

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May 27, 2023 at 02:31AM

EL NINO – IS THIS THE MAIN DRIVER OF GLOBAL WARMING?

It was mentioned in the TV news recently that scientists are confidently predicting that the 1.5 degree C increase in the world’s temperature will be exceeded in the next five years, due to an El Nino event happening in the Pacific ocean. The point that is not mentioned is that CO2 levels in the atmosphere cannot explain the coming of an ocean event because the radiation wavelength emitted from the CO2 molecule is unable to penetrate into water beyond a depth of 1mm. Understanding the El Nino event is very well explained in the following article, which includes a video of a lecture as well. I recommend you to study it.  

 El Nino: Nature’s Ginormous Climate Change Battery – CO2 Coalition

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May 27, 2023 at 01:41AM