Articles Tagged "Financial"

"the science is certain" was unnecessary -- the effect of the precautionary principle is that the science supporting the theory does not have to be certain, but the case against the theory does.

Julia Gillard's climate change committee to explore carbon price options reflects the precautionary principle in the climate change debate

This principle has revolutionised international and Australian environmental science and environmental law. The precautionary principle has driven the international movement to reduce greenhouse gas emissions, but it has been ignored in the public debate. It is also the reason that climate sceptics could never win.

The principle appears in Article 3 of the UN Framework Convention on Climate Change 1992. It is one of the four principles of ecologically sustainable development.

Those principles have been absorbed into Australian environmental law at commonwealth and state levels since 1991.

In a speech given in December 2009 at a symposium in honour of retired judge Paul Stein, chief judge Brian Preston of the NSW Land and Environment Court described the effect of the precautionary principle which appears in NSW legislation in similar terms to Article 3 of the 1992 Climate Convention:

Updated below with comments from Stephen Wilde & Piers Corbyn (inc. Climate Fools Day News)

A STRING of natural disasters led by the Japanese tsunami and earthquake sent insurance market Lloyd’s of London crashing to its costliest six months on record, as it posted a first-half loss of £697m.

The specialist insurance market’s loss compared with profits of £628m a year earlier, reflecting a total of £6.7bn in claims during the first half, making it the costliest six-month period in Lloyd’s 323-year history.

The unprecedented claims total included £2.7bn in catastrophe-related claims, more than 10 times Lloyd’s average disaster loss during the first six months of the year.

Insurers have been battered by a glut of natural disasters between January and May, resulting in many posting heavy half-year losses.

As well as the devastating Japanese earthquake and tsunami in March, insurers have been hit by New Zealand’s earthquake, heavy flooding in Australia and tornadoes in the US.

Lloyd’s said 2011 is already shaping up to be the second most expensive year ever for insurers. However, the insurance market, which is made up of 88 underwriting syndicates, said it is strong enough to cope with a potential further spate of big claims.

The manufacturers association the EEF has warned that a 'tipping point' has been reached on the impact of Government policy on climate change.

The burdens were making it uncompetitive for industrialists to invest and create jobs in the UK.

The Prime Minister has spoken of wanting a better balanced economy where we 'make things' but climate change policy is pushing us in the opposite direction.

Contrary to what the BBC tell us the science of climate change is not 'settled'.

The evidence over global warming - its existence, extent and consequences - is mixed and a matter of intense controversy among experts.

What is clear is that driving business abroad can not possibly make sense when it comes to saving the planet.

Click sourc to read FULL report from Harry Phibbs

Propagandist Reconstruction, or PR of news, science data, other persons' views and different opinions is a long-term stalwart in modern society. From organizing public support for wars, even when the public itself may be attacked or be subject to economic loss, to ensuring that political leaders are re-elected, or that women start smoking and the public keeps buying the consumer products which generate the highest profits, the role of "communication" is primordial. What is called Public Relations is also and most basically propaganda.

At critical moments, when a big lie starts being exposed in public, or a previous completely accepted and slickly sold "truth" starts to slip in the opinion polls and lose traction in the minds of average consumers, the role of PR is critical. The propaganda machine goes into overdrive, but due to the presence of "new truths" now also competing for dominance, the so-called public debate is necessarily chaotic and clumsy, unsure and uncertain.

The year-long and massive PR campaign on Climate Change and Anthropogenic Global Warming, ending in farce and chaos at the December 2009 Copenhagen "climate summit", was in political leadership terms a minority endeavour. Only four world leaders, albeit from 4 major countries of the "Old World" OECD, continued an unstinting campaign on CC and AGW, using every emotive trick in the book in their "landmark" speeches on these subjects, right up to the end. Until December 2009, the four leaders Obama, Merkel, Sarkozy and the soon-voted-out Brown gave regular interviews where PR of the type "catastrophe", "saving the planet", "our last chance" was regularly utilised. The alternatives offered by these four-only leaders was typically confused - supposedly an "ecological" society using "green energy" would arise, but this would magically not affect sales of BMW cars, Boeing airplanes or French nuclear reactors.

The insurance industry has been behind the global-warming fraud since the 1970s

Your home insurance premiums — and the insurance industry’s profits — depend largely on the industry’s skill in making two types of investments: in the stock market and in marketing that scares the bejesus out of its customers.

The insurance industry, like most in these turbulent times, hasn’t done well of late in picking blockbuster stocks. But it has done brilliantly in picking blockbuster scares — all related to global warming. The upshot? The insurance industry wants more money to cover its poor stock picks. And more money again to cover future global warming risks. With the government’s blessing, insurers will now jack up your home insurance premiums by 10% to 15% in the coming year.

The insurance industry earned every dollar that it makes from global warming — its sharp-eyed marketers spotted the potential before anyone else. In 1973, Munich Re, one of the world’s largest insurers, warned that rising temperatures could result in receding glaciers and polar caps, shrinking lakes, and rising ocean temperatures, with carbon dioxide as the culprit.

“We wish to enlarge on this complex of problems in greater detail, especially as — as far we know — its conceivable impact on the long-range risk trend has hardly been examined to date,” Munich Re concluded. And enlarge on the problem it did. Munich Re enlisted others in the insurance industry and then methodically and relentlessly made its case to Greenpeace, other environmentalists and other industries that stood to profit.

TOKYO — Japan’s economy shrank at an annual rate of 3.7 percent in the first quarter, tipping the country into a recession, as the March 11 earthquake and tsunami disrupted production and prompted consumers to cut back on spending.

The drop-off, reported Thursday, was worse than economists had expected. Among 23 economists surveyed by Bloomberg, the average projection was for a drop of 1.9 percent.

The figures also indicated Japan’s second consecutive quarter of economic contraction, leading the country, by most assessments, into its second recession in less than three years.

Economists project that the Japanese economy will shrink again in the current quarter, which ends in June, as production continues to falter and weigh on industrial output and exports.

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Trillion-dollar U.S. class action lawsuit is launched to pursue a corrupt elite that lied and played crooked politicians to cheat the world about global warming and the international financial crisis.

As a rule I avoid the quagmire of open political commentary. But in this incredible instance I do believe all need to join the dots and be fully cognizant about topical matters that fundamentally shape government policy. To that end I must draw to your attention the world's largest class action lawsuit now underway in the U.S. which is exposing a $26 trillion fraud being perpetrated against us by the financial elite.

Backing the lawsuit are Congressmen Alan Grayson and Ron Paul. Up until now, the only mainstream media outlet that has dared to report on this case is the Courthouse News Service.

Such evidence lends credence to the analysis of Canadian climatologist, Dr. Tim Ball and others who argue that climate science and a propagandised education system and mainstream media have been the sock puppets of this corrupt elite.

Energy companies have warned that changes to the way onshore wind farms are subsidised could halt a multi-billion pound investment.

They are expected to invest about £50bn over the next 15 years in onshore wind farms to meet climate change targets.

But it is understood that a review of the renewable obligation certificate system - the method the Government uses to subsidise renewable energy projects - could result in less for onshore wind farms. A decision is expected in July.

Energy companies say that a cut in subsidies for onshore wind farms would force them to reassess their investment plans.

German energy giant RWE npower, one of Britain's top six energy suppliers, plans to invest about £1bn in onshore and offshore wind energy projects over the next year. Some of these projects could now be at risk.

Britain’s plans to cut greenhouse gas output in half by 2027 risk damaging the country’s competitiveness, crimping growth and curbing investment, a lobby group representing 6,000 companies said.

The government’s global warming adviser, the Committee on Climate Change, recommended the U.K. limit emissions to an average of 390 million tons a year from 2022 through 2027, or half the 1990 level. If adopted, the target would harm the economy because other countries are yet to make similar commitments, EEF, the Manufacturers’ Organization, said today.

Energy and Climate Change Secretary Chris Huhne is due to announce the so-called carbon budget in Parliament tomorrow. The British Broadcasting Corp. today said the government will accept the committee’s recommendations, which include pressing the 27- nation European Union to boost its 1990 through 2020 reduction target to 30 percent from 20 percent. A spokeswoman for Huhne’s department declined to comment.