Renewable Energy

Priorities, priorities…

26566DBC-A3D4-4081-889D-CF786A93BFA7.jpeg

Maryland (MD) – 2018

  • High school graduation rate: 87.6% (12th highest)
  • Public school spending: $13,075 per pupil (19th highest)
  • 8th grade NAEP proficiency: 34.7% (math), 37.4% (reading) (11th highest).
  • Adults with at least a bachelor’s degree: 39.3% (3rd highest)
  • Adults 25-64 with incomes at or above national median: 61.6% (2nd highest)
  • Violent crime 4.72/1000 residents (national average 4.0/1000) (9th highest)
  • Crimes per square mile 57 (national average 31.9)
  • Baltimore, MD most dangerous city (out of biggest 50) in America.
  • Opioid death rate 29.7/100,000 (3rd highest) – national average 13.3/100,000

Good to see where things are ranked among the worst, Democrats wish to put the least focus and vice versa. Rather telling. Where is the focus on healthcare and climate change? Even more telling.

How would you like to save the planet?

2B27D0D9-8C24-4214-8AFF-10E2B67BBC0B.jpeg

Climate alarmists are an interesting mob. E&E Research cites that moving North Koreans toward basic necessities you and I take for granted (e.g. electricity) might necessitate coal fired power stations being erected. That would lead to a growth in emissions as the country is rich in coal reserves. This must be stopped immediately.

E&E’s Daniel Kish said, “North Koreans reduce carbon dioxide emissions by eating, rather than burning, twigs. That’s what central control always ends up doing,

So it would seem that keeping North Koreans in the dark and encouraging its dicactor to keep developing nukes and oppressing the population is preferable in order to stop global warming. Why not keep all developing nations from jumping on the grid? Why not sacrifice their people for the greater good of the world. How can E&E continue its work if sacrifices aren’t made elsewhere?!.

Saving the planet is a grand idea…but how? Is it any wonder climate skeptics keep questioning the science….?

Saving the planet one flight at a time. 2% of passengers offset carbon emissions meaning 98% don’t care

D84EE645-B3D1-4B2C-8F1D-8C507ECA5450.jpeg

Apart from the 100% certainty of me being screened for explosives at Sydney Airport (yet again today), the  one other certainty of life is that the growth in air travel suggests that more and more people are happy to save the planet, provided that someone else offsets on their behalf. CM has long argued this position. Our consumption patterns dictate the “true” state of care of the environment. It hasn’t stopped SUV sales dead in their tracks and last year the IATA forecast that the number of airline passengers is set to DOUBLE by 2030.  Could it be that taking a holiday outweighs saving Johnny Polarbear (whose numbers are growing by the way)? Is it conceivable that many of those that are climate alarmists don’t practice what they preach? Well if the UNIPCC COP summits are anything to go by, 50,000 of these pilgrims fly half way around the world every year to kneel at the altar of the climate alarmists pagans.

Virtue signaling airline Qantas has had a long history of emissions offset programs. Now you can choose how to waste your money.

ABD69469-A9BB-43F3-AF97-1AE3E4C07D34.jpeg

So to offset my flight to Haneda, CM is calculated to pay $11.21 AUD. I can put it to ‘local action’ (fund activism?), ‘developing communities’ or ‘global renewables’. In its 2017 Annual Report, Qantas boasts,

We have the world’s largest airline offset program and have now been carbon offsetting for over 10 years. In 2016/17, we reached three million tonnes offset.”

Carbon calculators tend to work on the assumption of 0.158kg CO2/passenger kilometre.

In the last 10 years Qantas has flown around 1 trillion revenue passenger kilometres. While the literature in the annual report denotes one passenger offsets every 53 seconds, the mathematical reality is simple – 2% of miles are carbon offset. So that means that 98% of people couldn’t care less.

Perhaps more embarrassing is that The Guardian noted in Jan 2018 that,

Qantas [was the] worst airline operating across Pacific for CO2 emissions

Kind of a massive load of hot air when you do the maths!

If only Elon Musk could summon institutional questions

4381FCA6-4C35-4719-80C2-84CDEEEC1135.jpeg

Elon Musk has apparently terminated the question of a Bernstein analyst ((followed by the rest of the institutional queue) on the basis of it being “uncool”. He said, “We’re going to YouTube [for retail investors]. These questions are so dry. They’re killing me!” If only the Tesla CEO could summon the right type of questions that deflected criticism of the company as easily as maneuvering a parked Model S from a tight parking spot.

While he urged non-believers to sell the stock, there is little to be gained pushing a line of  opacity for a company with production issues, continuing losses and $10.6bn in debt. Earnings results are not about having fun but for investors/analysts to probe and qualify assumptions in the interest of making rational investment decisions.

CM has made constant reference to Musk’s amazing ability to sell. He is coming up to the pointy end of having to deliver. There are countless distractions which perculate below the surface – copyright infringement trial launched by Nikola Motor, the NTSB autopilot probe, countless resignations and recent calls to cut the staff canteen cookies. By blowing off the main investor pool that feeds him, the question of CEO capability becomes a bigger factor than the dreadful earnings themselves.

There is no better disinfectant than sunlight but Musk continues to deflect. Cash flow continues to decline  The production shutdown in April will thump Q2 earnings, not to mention the capex spend should rise plus the write off of equipment that has proven to be surplus to requirements. Here he is talking of 10,000 units a week down the line to fill the hearts of the faithful followers. Perhaps his comments about not needing to raise capital are best addressed by the fact he’s raised 7x since that statement.

Today’s results meeting is more telling in that snake oil salesman tactics of talking up the situation was replaced by silence and stonewalling. Telling.

Meanwhile serial social justice warrior Trudeau hits new poll lows

FCF15B1F-4C6D-49BE-8980-9C6B66F6AD33.jpeg

Meanwhile, as the supposedly most hated and despised bully of the West is likely to see his approval move sharply higher over North Korea, serial appeaser and social justice warrior Prime Minsiter Trudeau of Canada saw his approval rating sink to 33%, his lowest number ever recorded.  A Forum poll also noted a majority of the voters surveyed (43%) said they would support the Conservatives while 30% believe they would back Trudeau’s Liberal party.

Based on the poll results, Forum Research predicts a Conservative majority government taking 207 seats. The Liberals would take 110 seats, while the NDP would likely garner 23 seats. The Bloc Quebecois would end up with six seats and the Greens with two.

It is surprising to see Trudeau’s slump when he has the full support of people like his Environment Minister Catherine “Climate Barbie” McKenna who said recently not only will she refuse to debate with those that disagree with her on climate change but that Canadians have a $30 trillion (yes you read right) opportunity by 2020 because of the Liberal’s carbon tax and associated environmental policies. Who wouldn’t vote for a party that can 20-bag an economy in 2 years?

If it does go pear-shaped with mathematics like that she can always sign up for the Greens leadership.

Trudeau waves to an empty airfield?

F3D5399D-7740-46BC-AEB8-B166D4F5E698.jpeg

Canadian blogger Spencer Fernando reports,

During yet another foreign trip (this time to Peru for the Summit of the America’s), Justin Trudeau took a moment to wave to the adoring crowds as he boarded his airplane.

Trudeau often waves as he boards his airplane, and this time seemed no different.

Except, there was nobody there.

6E979398-995C-49F7-8257-BD4222046650.jpeg

Talk about a photo-op failure.

It was a great visual example of how Trudeau’s manipulatively-crafted image is empty at its core, based on appearances above substance.

Beyond these photos though, the real concern is the damage Justin Trudeau is doing when it comes to investment fleeing Canada. With the Kinder Morgan Trans Mountain expansion on life support, and people losing confidence in Canada as a place to do business, no amount of photo-ops can distract from the real economic consequences of Trudeau’s failed policies.”

Hot Air

Canadian Conservative politician, Robert Sopuck, tried to get the Minister for Environment, Catherine McKenna, to answer a simple question on how much the $50/ton carbon tax would lower CO2 emissions by. In true leftist ideological fashion, she rattled on about the pressing need to save the planet. He asked again – just wanting a number – which again fell on deaf ears. Surely had Trudeau’s cabinet properly assessed the financial and social impact it’d gladly be able to champion the ‘impact’ it was making on saving us. That ‘number’ would at least sound more convincing that there was method to the madness, rather than empty taxation with no benefit on limiting global warming. Talk about hot air.