Articles Tagged "Financial"

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Bloomberg: Snow Might Cover 90% of U.K. by End of November With Six Inches in London
Wednesday, November 24th 2010, 12:13 PM EST
Co2sceptic (Site Admin)
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Snow is forecast to cover as much as 90 percent of the U.K. by Nov. 29 with six inches in London as cold weather approaches, according to weather forecasts.

There may be as much as six inches (15 centimeters) of snow in southeast England, northeast England and much of Scotland, British Weather Services, which sells forecasts to businesses including energy companies, said in an e-mail.

“We expect the country to be whitened out,” Jim Dale, a senior meteorologist at British Weather Services in High Wycombe, England, said by telephone. “There’s a good chance we could be waking up to large volumes of snow.” Snowfall is also forecast across the rest of Europe, particularly across the Alps and Scandinavia, he said.

Weather forecasters use models which can predict trends in weather. The models can change. The U.K.’s Met Office issued a heavy snow warning on its website at 11:30 a.m local time. Cold weather can spur demand for natural gas, used to heat more than half of the country’s homes and businesses.

Click source to read FULL report
Source Link: bloomberg.com
La Nina Cooling May Mean More Snow and Storms, Higher Fuel Prices for U.S by Brian K. Sullivan
Tuesday, November 23rd 2010, 3:20 PM EST
Co2sceptic (Site Admin)
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Blizzards, droughts, floods and a surge in hurricanes may be in store as a cooling trend in the Pacific known as La Nina alters weather around the world and threatens to boost prices for heating fuels and crops.

The chance of stormier months to come for the northern U.S. may bring some volatility to the natural gas market in the next few weeks, said Cameron Horwitz, an analyst at Canaccord Genuity Inc. in Houston.

In 1995, following one of the most active Atlantic hurricane seasons on record, a La Nina combined with other weather patterns to bring about one of the snowiest winters for New York and New England, according to National Oceanic and Atmospheric Administration records. Heating oil prices rose 14 percent and natural gas jumped 52 percent that year.

The coming winter “may get off to a really fast start, and by that I mean there may be a monster of a storm relatively early this year, if not in late November then in December,” said Joe Bastardi, chief meteorologist at AccuWeather Inc. in State College, Pennsylvania. “I mean a blockbuster near the Eastern Seaboard.”

Click source to read FULL report from Brian K. Sullivan
Source Link: bloomberg.com
Climate change sceptics lose battle as onus of proof shifts by Josephine Kelly: Updated with Comments by Stephen Wilde & Piers Corbyn
Friday, October 22nd 2010, 2:56 AM EDT
Co2sceptic (Site Admin)
"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)
Source Link: theaustralian.com.au
THIS ARTICLE CONTINUES
Reconstructing The IPCC by Andrew McKillop
Monday, September 6th 2010, 8:26 AM EDT
Co2sceptic (Site Admin)
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.
Source Link: marketoracle.co.uk
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Insurance Group Says Stolen E-Mails Show Risk in Accepting Climate Science by Evan Lehmann, New York Times
Thursday, January 14th 2010, 5:57 AM EST
Co2sceptic (Site Admin)
A major trade group for the insurance industry is warning that it is "exceedingly risky" for companies to blindly accept scientific conclusions around climate change, given the "serious questions" around the extent to which humans cause atmospheric warming.

The assertion was made in a letter (pdf) to insurance regulators, who will administer the nation's first mandatory climate requirements on corporations in May. Large insurers will have to answer about a dozen questions related to the preparations they are taking to safeguard themselves from climatic hazards.

The National Association of Mutual Insurance Companies believes that the new regulation leaves little room for companies to cast doubt on widely accepted assumptions about global warming. Insurers are hamstrung to provide answers that dovetail with the perception of key regulators who believe climate change threatens the industry's financial strength, said Robert Detlefsen, the group's vice president of policy.

Click source to read FULL report by Evan Lehmann
Source Link: nytimes.com
A Decade and Its Three Crises by Sammy Benoit, AmericanThinker.com
Thursday, December 31st 2009, 5:04 AM EST
Co2sceptic (Site Admin)
When we look back at the decade 2000-2009, we may well define it by three crises: the crisis that didn't happen, the crisis that wasn't supposed to happen, and the crisis that we don't realize is happening. We haven't learned the lessons of the first two, and our ignorance of the third may doom us to be slaves to our government, rather than the other way around.

Leading into the changeover from 1999-2000, we faced Y2K, the crisis that didn't happen. Many people thought computers' dates would go from 1999 back to 1900, causing our computer-dominated world to fail: bank accounts disappearing, air-traffic systems (and airplanes) crashing, and everything leading to economic collapse and a return to the Stone Age.

Some scientists told us the world would end, but it didn't. And the solution didn't necessitate everyone throwing out their computers and buying new ones. We should remember this non-crisis when we think about global warming.
Source Link: americanthinker.com
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What's The Real Cost Of Global Warming? by Dennis T. Avery from PipeLineNews.Org
Monday, November 2nd 2009, 6:44 AM EST
Co2sceptic (Site Admin)
Churchville, VA - PipeLineNews.org - The leftish Brookings Institution and the U. S. Chamber of Commerce basically agree that the energy taxes in the House Waxman-Markey bill could total $9 trillion over ten years. As an economist, I look at these forecasts and wonder "How can we possibly know?"

These estimates cover only the costs of the "user permits" that companies will have to buy. They don't even try to measure the massive reduction in our economic output as energy costs double and triple with scarcity.

Let's look at a couple of "case studies":

First, we use a lot of natural gas to make fertilizer, pulling 90 million tons per year of natural nitrogen from the air (which is 78% N). The world has only about one-third of the cow manure needed to nourish today's crops, so nitrogen fertilizer is feeding 2 billion of the world's 6.5 billion people through higher food yields per acre.
Source Link: pipelinenews.org
THIS ARTICLE CONTINUES
UK Per Capita Emissions, Carbon Cut Targets and Wealth by Jonathan Drake
Sunday, October 11th 2009, 1:14 PM EDT
Co2sceptic (Site Admin)
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I recently came across an article that linked to data for various analyses of carbon emissions. Of particular interest was the per capita emissions data for each nation in 2006. Why was it of interest? Well simply, it shows a very different picture to that normally presented regarding national emissions levels.
Source Link: trevoole.co.uk
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Copenhagen plan could wreck global economy by Kevin Libin
Saturday, October 10th 2009, 11:47 AM EDT
Co2sceptic (Site Admin)
For a global gathering ostensibly designed to harness international ingenuity to arrest global warming, the United Nations Copenhagen Climate Conference at least has a fitting name. The website advertising UNCC seems to fit the bill, too, with the requisite photos of spewing smokestacks, parched landscapes and natural disasters juxtaposed with wind turbines and adorable penguins.

All the more odd, then, that the draft treaty being proposed for the December meeting devotes roughly as much of its text to new foreign aid programs as it does to a plan to reduce greenhouse gases.

The Kyoto Protocol — which expires in 2012, and which Copenhagen is intended to replace — was in some corners accused of being a covert wealth transfer plot, since it required rich nations, unable to reach difficult targets, to buy carbon indulgences from poorer ones: “a socialist scheme to suck money out of wealth-producing nations,” was Stephen Harper’s assessment, long before he became Prime Minister.
Source Link: network.nationalpost.com
THIS ARTICLE CONTINUES
Europe Asks America For Climate Change Funds by Noel Sheppard
Friday, October 2nd 2009, 3:18 PM EDT
Co2sceptic (Site Admin)
Image AttachmentIf you're still not convinced global warming hysteria is rooted in a desire to redistribute wealth, an annoucement out of the European Union Friday might finally change your mind.

As reported by the Associated Press moments ago:

The European Union called Friday on the United States to join it in stumping up cash to help poor developing nations cope with climate change.

Hold onto your wallets, for it gets worse:

Swedish Finance Minister Anders Borg, whose country currently holds the rotating EU presidency, said Europe wanted the U.S. to "also put their weight behind the issue" ahead of global talks in Copenhagen in December on a new pact to reduce greenhouse gas emissions.
Source Link: newsbusters.org
THIS ARTICLE CONTINUES
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