Pyramid of fraud

Cheops pyramid

20th December 2010

One of the fastest growing industries in the world is based on a pyramid of frauds and its inevitable collapse will be worse than the sub-prime crash.

The Global Warming Industry is now fed by billions of dollars from western taxpayers and consumers. It is based on the unproven and now discredited claim that man’s production of carbon dioxide causes dangerous global warming.

The basic fraud is this:

There is no evidence that carbon dioxide controls world temperature – just a theory and the manipulated results from a handful of giant computer models that very few people have checked or understand. But there is clear evidence from historical records of atmospheric carbon dioxide and temperature that carbon dioxide does not control temperature. Rather the reverse – as solar or volcanic heat warms the oceans, the waters expel carbon dioxide. Global warming causes an increase in atmospheric carbon dioxide, not the reverse.

Moreover, every day provides more evidence that current temperatures are not unusually high. Over the past 2000 years there have been two previous eras of warming (“the golden ages”) separated by two mini ice ages (“the dark ages”). Both the Roman Warming and the Medieval Warming were warmer than today and there was no human industry causing that warming.

The next fraud, invoked as the first fraud started to falter, is the claim that carbon dioxide is a pollutant in the atmosphere. Carbon dioxide is the food for all plants and thus the food source for all life on earth. It is not poisonous at any level likely to be experienced in the atmosphere and there is clear evidence that more carbon dioxide makes plants grow faster and bigger, and makes them more tolerant of drought, heat and salinity. Current levels are below those optimal for life.

A related scientific fraud is the claim that grazing animals increase atmospheric carbon. Any competent biologist can debunk this fraud by explaining the carbon food cycle.

Built on these frauds are the fraud-riddled carbon credit and carbon trading empires. The revelations of massive fraud in European carbon credits and the collapse of carbon trading on the Chicago Climate Exchange are harbingers of crises yet to surface. Carbon credits have no intrinsic value – they are dependent on political support, and this will always evaporate in time.

The next level of fraud is the alternate energy industry. Despite decades of subsidies and tax breaks the wind/solar power industry cannot survive unless the handouts continue, and their coal competitors are taxed heavily. To call these activities “industries” is a fraud – they are corporate mendicants.

Finally, those who waste millions on projects designed to prove the feasibility of burying carbon dioxide are committing a fraud on taxpayers and shareholders. There are no benefits of burying atmospheric plant food from any source. With zero benefits and huge costs CCS can never be “economic” and it is fraudulent to pretend it can ever be otherwise.

The global warming industry is a huge pyramid of financial and political fraud resting on a quasi-scientific foundation of quicksand.

Viv Forbes is Chairman of the Carbon Sense Coalition. He is a geologist, financial analyst, farmer and Company Director and has spent decades working in the primary industries which are the backbone of Australia.

PS: If you or your staff would like to dig a little deeper on these matters, here are a few starting leads:

A Two Thousand year Temperature History:
http://www.nipccreport.org/articles/2010/dec/15dec2010a4.html

The Lynching of carbon dioxide – the innocent source of all life:
http://carbon-sense.com/wp-content/uploads/2008/05/hertzberg.pdf

Carbon Dioxide feeds the World:
http://carbon-sense.com/2010/12/03/carbon-dioxide-feeds-the-world/

Carbon Trading Fraud:
http://canadafreepress.com/index.php/article/31193

Fraud in the Carbon Markets:
http://opinion.financialpost.com/2010/12/05/lawrence-solomon-the-7-billion-carbon-scam/

Manufacturing Carbon Credits in China:
http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/the_great_global_warming_scam_just_got_worse/

Questions on the REDD Scheme (Deforestation) in PNG:
http://asopa.typepad.com/asopa_people/2010/10/is-png-too-risky-for-the-carbon-market.html?cid=6a00d83454f2ec69e20133f50c202d970b

PNG tries for $625M for non-existent carbon trading:
http://asopa.typepad.com/asopa_people/2009/06/talk-to-the-trees-pngs-big-dollar-carbon-trades.html

The Carbon Cargo Cult Club:
http://www.onlineopinion.com.au/view.asp?article=11150

Mafia Discover Wind Farm credits in Sicily:
http://www.telegraph.co.uk/earth/energy/renewableenergy/7981737/Mafia-cash-in-on-lucrative-EU-wind-farm-handouts-especially-in-Sicily.html
http://toodumbtolivearchive.blogspot.com/2009/05/green-mafia.html

Fraud in the Spanish Solar Business:
http://www.businessweek.com/news/2010-04-12/spanish-solar-panel-trade-group-calls-for-fraud-investigation.html

Rogue Trader recycles Carbon Credits:
http://www.timesonline.co.uk/tol/news/environment/article7069741.ece

Fraud in the EU Carbon Trade:
http://www.nytimes.com/2010/02/08/business/energy-environment/08green.html?_r=1

More Carbon Fraud in Australia, Belgium and Norway:
http://www.environmentalleader.com/2010/01/07/australia-belgium-find-more-cases-of-carbon-fraud/

ETS Schemes riven with fraud:
http://briefingroom.typepad.com/the_briefing_room/2009/12/ets-schemes-riven-with-fraud-breaking-news.html

Germany investigates carbon fraud:
http://www.businessgreen.com/bg/news/1800801/german-carbon-fraud-investigation-moves-uk

Carbon fraudsters arrested in UK:
http://www.telegraph.co.uk/finance/newsbysector/energy/7659747/Tax-officers-arrest-22-in-UK-carbon-fraud-probe.html

Prices crash for Emission Permits in Trading Scheme:
http://www.businessweek.com/news/2010-06-11/u-s-northeast-carbon-permits-draw-record-low-price-update4-.html

Carbon Capture & Burial – How to Blow $150M:
http://www.heraldsun.com.au/news/national/queenslands-coal-project-turns-to-dust/story-e6frf7l6-1225973323935

CCS – The Carbon Cemeteries are already full:
http://carbon-sense.com/2010/05/10/carbon-capture-2/

10 Thoughts on “Pyramid of fraud

  1. great post… over at Gateway Pundit today, just read J.Napolitano plans to fight “climate change” as a homeland security issue… Huh? She is such a gooberhead.

    - In Florida, thousands of sea creatures washed up dead this week because of cold snap
    - Great Britain and Ireland are experiencing their coldest December ever recorded.
    - The southern US is breaking all kinds of cold temperature records.
    - The freezing temperatures are causing record deaths in London.

  2. Richard C (NZ) on December 21, 2010 at 9:29 am said:

    Some impromptu economic analysis at JoNova
    ——————————————————————————————————————–
    Bulldust:
    December 20th, 2010 at 2:44 pm

    The problem with pricing carbon is that coal is so darned cheap. Up to the point where the carbon price actually forces a change in energy generation investment patterns, the carbon tax is simply a revenue raising exercise. The government is not brave enough to put a tax on carbon that is high enough to change the supply side of the equation so the only impact will be on the demand side through elevated prices.

    In the meanwhile the Feds will have gathered billions in carbon taxes which will be squandered on pet Labor projects like uneconomic renewables to keep the Greenies happy.

    At the end of the day it is a nation-wide exercise in redistributing resources to inefficient projects, which is why I find it so abhorrent as an economist.
    ——————————————————————————————————————–
    cohenite:
    December 20th, 2010 at 3:10 pm

    The problem with a price on carbon is that the renewables don’t work at any price; therefore if you price fossils out of the picture the result will be no power.
    ——————————————————————————————————————–
    Baa Humbug:
    December 20th, 2010 at 6:23 pm

    Are we forgetting the laws of supply and demand here?

    The trouble with taxing coal to a level where so called renewables bacome competitive, means less demand on coal.
    Less demand on coal will lead to a drop in price, making renewables less competitve again, meaning the tax on coal has to be raised higher and ever higher.

    It will get to a stage where many millions of poor people around the world will start burning cheap black market coal for domestic heating and cooking. That would be a disaster.
    The only option then would be to make coal a prohibited substance. Good luck with that.

    Major shifts in energy use don’t happen overnight. Winding down coal use will take decades. In the mean time, as price of coal nudges higher and higher, ever increasing numbers of people will resort to using black market coal for heating and cooking in places like South America, Asia and Africa.

    By the time authorities are convinced that it’s a problem, the horse would have bolted.

    Think alcohol, think chop chop tobacco.

    You know it makes sense.

    http://joannenova.com.au/2010/12/a-journalist-who-confuses-journalism-with-propaganda/#comments

  3. Richard C (NZ) on December 21, 2010 at 9:33 am said:

    “The carbon detectives” 5:30 AM Monday Dec 20, 2010 – smh

    Excerpts

    Today US$141billion ($188billion) worth of credits that help countries meet their Kyoto goals are changing hands in global emissions markets. And business is booming in offsets – the right for countries and companies that still pollute too much to claim credit for green projects elsewhere. All those efforts are based on bottom-up calculations being accurate.

    Traders and regulators say Europe’s carbon market, called the Emissions Trading System, and the United Nations’ offset market, called the Clean Development Mechanism, are making a real dent in greenhouse emissions. Bloomberg New Energy Finance says from US$570 million a year in 2004, the global carbon market could surge to US$1.4trillion worth of transactions by the end of the decade. Trade in carbon options contracts alone soared to almost US$10.6billion last year.

    “It is working,” says James Cameron, vice chairman of Climate Change Capital, a London fund manager that has invested more than US$1billion in carbon credits. “This system is only there to take tonnes of carbon out of the atmosphere. It has no other purpose,” says Cameron, who won’t say how much the fund has profited. “It has propelled some very, very good investments.” Bloomberg data show wind farms in China are among them.

    India, the second-biggest earner of UN offsets, claims more than 550 green projects – from methane-trapping landfills to bricks made without coal-fired kilns. The UN says those projects have eliminated the equivalent of 80 million tonnes of CO2 from the air. India isn’t required to verify those calculations: nobody takes a measurement device to a plant or assesses the air across polluted cities to say CO2 levels have dropped.

    A tonne of CO2 was this week trading at €11.80 ($21) on London’s European Climate Exchange. “As soon as emissions become worth a lot of money, I start losing faith in self-reported numbers regardless of who signs off on them,” Tans says. “We need something more objective – like checking what’s actually appearing in the atmosphere. That’s what really counts and requires a serious enhancement of the present capabilities.”

    “When it comes down to it, these estimates are all guesses,” says John Bosch, who retired from the EPA in 2009 after 38 years.

    Bosch says he left to become a consultant because he was frustrated that regulators didn’t require precise measurements. New laser-based instruments make policing emissions possible, he says. “In the real world, there are huge motivations for everyone to low-ball emissions,” he says. Regulators wanted to report progress, and polluters wanted to pay less for permits. “Everybody is in the game.”

  4. “It is based on the unproven and now discredited claim that man’s production of carbon dioxide causes dangerous global warming.”

    What an ignorant post from an ignorant editor, what bag of lies!

    CO2 is proven by the worlds leading scientists to be the ‘thermostat’ of the worlds climate.
    http://www.nasa.gov/topics/earth/features/co2-temperature.html

    Get a grip on reality you guys.

    • Richard C (NZ) on December 30, 2010 at 10:25 am said:

      This would probably be better addressed to those stranded in NH airports right now.

      They would have a very real grip on where the thermostat is set, don’t you think?

    • The problem with the Lacis et al “CO2 Control Knob” paper is that it contains a lot of circular reasoning. This was discussed in a recent post by Dr Roy Spencer.

  5. The fraud is being committed by the perpetuation of lies and confusions undertaken by Richard Treadgold and his compadres.

    The cold snap in Europe is actually a result of otherwise exceptionally warm temperatures in the rest of the northern regions. November 2010 was the globally the warmest November on record.
    http://data.giss.nasa.gov/gistemp/2010november/

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