Fossil Fuels and Fly-In Fools

(GMF)

COP28 is in fool (no typo there) swing in Dubai right now, and things are already getting testy.

The COP28 presidency passed to the United Arab Emirates in the person of Sultan Al Jaber. His thank you and welcoming opening remarks threw a bit of a bomb into the gathering of climate cultists.

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The president of COP28 talks in the oil-rich United Arab Emirates said Thursday that the “role of fossil fuels” must be included in a deal at the UN’s climate talks. “It is essential that no issue is left off the table,” Sultan Al Jaber, who is also head of the UAE’s national oil and gas company, said at the opening of the two-week conference in Dubai. FRANCE 24’s Valérie Dekimpe reports from Dubai, United Arab Emirates.

It was also excessively awkward, as – at the same time – the sultan was busy denying a published BBC report that he’d used his position as the head of this gathering of Gaia’s lesser angels to make sure a few big oil deals got done on the side. I mean, everyone was going to be in town anyway, weren’t they?

There’s a problem?

The Emirati president-designate for the upcoming United Nations COP28 climate talks forcefully denied Wednesday a report alleging his nation planned to use the summit to strike oil and gas deals.

Sultan al-Jaber, who also leads the massive state-run Abu Dhabi National Oil Co., called the allegations from a BBC report “an attempt to undermine the work of the COP28 presidency” before the talks were set to begin on Thursday. The report cited what it described as “leaked briefing documents” the broadcaster said showed the Emirates planned to discuss oil, gas and renewable energy deals with several nations.

“These allegations are false, not true, incorrect and not accurate,” al-Jaber told a small group of journalists gathered for a news conference that also was aired live. “I promise you never ever did I see these talking points that they refer to or that I ever even used such talking points in my discussions.”

He added: “So please for once, respect who we are, respect what we have achieved over the years and respect the fact that we have been clear open and clean and honest and transparent on how we want to conduct this COP process.”

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This is the Arab version of “How dare you!” when they get busted.

But it’s all for show in any event. None of the elitists tut-tutting behind the hands covering their shocked-face mouths could have gotten to Dubai without those very same fossil fuels. I guarantee you, most of the travelers used boatloads more of their carbon allowance in that one trip than many of us will exhaust in a lifetime.

…For instance, consider Leonardo DiCaprio, the Oscar-winning celebrity infamous for his travel by private jet. Leonardo’s typical trip on a G550 aircraft — a type of jet that he has used before — between New York and Dubai will emit approximately 52 metric tons of CO2 according to an emission calculator provided by Paramount Business Jets.

Now, let’s compare this jaw-dropping figure to the average person in the Democratic Republic of Congo (DRC), who emits a mere 0.08 metric tons of CO2 per year. Leonardo’s one-way trip on a luxurious G550 jet from New York to Dubai would generate emissions that are a staggering 650 times higher than the yearly emissions of a person in the DRC.

Hypocrite much? Oh, they hypocrite plenty.

Take this fellow here, who wants to reduce “agriculture” also known as “food.” When queried during the interview about the general retreat from NetZero being seen around the world, he is nearly in tears, although he tries manfully to keep a stiff upper Lurch-lip.

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“…It tells me some people are being swayed by money…and they’re not following through on some of the promises…”

“Swayed” by money?

Maybe he’s talking about the FIVE TRILLION DOLLAR COLLAPSE in ESG funds in only two years’ time. That’s a number that’s pretty persuasive in most anyone’s book. But it’s not that they aren’t following through on promises because of it, but because following through on those promises LOST IT afterwards.

Global investments in trendy sustainability assets shrank by nearly $5 trillion over two years, researchers say, as US and other financiers soured on investments seen as risky and opaque.

In its biannual assessment, the Global Sustainable Investment Alliance (GSIA) said on Wednesday that investors had $30.3 trillion in sustainable assets in 2022, down from $35.3 trillion in 2020.

…ESG refers to a set of standards for a firm’s behavior that guide investors on where to put their money — for example, by funding wind farms to combat climate change, while pulling out of harmful oil and tobacco giants.

The strategy gets more controversial when it guides funding to firms promoting diversity, equity, and inclusion (DEI) schemes, which irk conservatives, who say they help women and minorities by sidelining white men.

…But the breathless pace of the ESG boom that characterized the previous decade appears to be winding down and even reversing as ever more traders and fund managers sour on the asset class.

The S&P Global Clean Energy Index has plunged 30 percent this year, as higher interest rates and supply-chain bottlenecks hammer wind and solar stocks.

…’Sustainable bonds make for bad investments when they actually meet the radical left’s definition of sustainable, and when they don’t, Wall Street greenwashes them to justify the higher fees they charge for selling them,’ added Hild.

‘It’s a scam on investors either way.’

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Not to mention, regulations are catching up to the unicorn fart dream schemes.

New regulations across jurisdictions is forcing asset managers to justify ESG claims that previously went unchecked, researchers said in their report.

And it is just the weirdest thing how they never stand up to scrutiny when finally forced to explain themselves and show the #mathz.

It NEVER adds up.

The other problem with the COP party in Dubai’s supposed war on gas and oil is that many of the attendees aren’t pretending anymore. They won’t sign away their rights to develop and utilize their own natural resources to live Third World lives any longer in order to appease the sensibilities of Kerry, DeCaprio, the European Union, Thunberg, et al – all of whom themselves are warm, comfortable and well-fed.

As my friend and African advocate for self-determination Jusper Machugo basically says, keep your windmills. Give us diesel, tractors, synthetic fertilizers, electricity for cities – not just a lightbulb in a hut powered by a solar cell outside.

You guys preaching to us – the Western governments and environmental organizations – preaching to us about climate change: Climate change is not a big problem to Africans. We have far bigger problems. We have people sleeping hungry. We have people who are very poor. We have people without electricity. We have people who don’t have access to clean water. Those are our “big problems.” We have people cooking with firewood.

And you’re telling us we should care about the environment, about climate change. What is climate change anyway?

So my message to African leaders is, “Don’t be bribed. Stand firm. Don’t even attend the COP meeting. If those people want to make decisions and policies for us, let them make policy.”

But we are going to say no to neo-colonialism in the name of climate change. We should be on about humans flourishing, African developing, and that’s my message.

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The climate cult at COP is onboard with restricting Africa’s access to synthetic fertilizers over “environmental” concerns even as their own countries feed themselves and other countries using the very same.

…Increasing agricultural productivity in Africa and other parts of the world is central to meeting the rising demand for food. In Africa, raising productivity will require much greater use of synthetic fertilizer. While critiques of fertilizer usage are common amongst Western environmentalists, many national governments and international organizations have embraced the need for more and better agricultural inputs in Sub-Saharan Africa. Innovations to increase the returns to the use of fertilizer while also reducing harmful side effects will be critical to meeting the demand for food. Increasing the productivity of agriculture and making investments in the greening of fertilizer should be the focus of rich countries as well as development banks and other organizations that play a role in alleviating food insecurity and hunger in Africa.

Hypocrite much? Oh, they hypocrite plenty.

India is another participant who, though attending, are not playing the anti-fossil-fuel fool’s game, either. And why not?

Because they realize, as Africa should, India has a right to GROW.

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…At the 2022 gathering in Egypt, climate luminaries put forth a pioneering proposition to phase out all fossil fuels. Again, India persistently opposed such a course of action, opting instead to pursue a “phase down” rather than a “phaseout” of fossil fuels. With no intention to decrease its consumption of fossil fuels, the country has boldly put off net zero, the holy grail of the climate-obsessed, until 2070.

Unbeknownst to many, Indian Power Minister R.K. Singh conceded in August that meeting the burgeoning energy needs of a developing country like India would be unattainable without a noticeable escalation in the utilization of fossil fuels.

“If you have an economy that is growing at 7%, electricity from coal will also grow,” he said.

We will meet the energy requirement for our growth because we have a right to grow.”

CNBC reports unanimous agreement among analysts that India’s solar, wind and hydro energy capabilities are deemed unreliable to support growing power needs. Sooraj Narayan, Wood Mackenzie’s senior research analyst, says that India’s “heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills.”

It’s going to be an interesting couple of weeks as voices who might previously been bought off with trinkets, promises of checks, and a wind turbine or two start to assert themselves.

…In recent years, discord has emerged between developed economies embracing so-called green agendas and impoverished nations being pressured to adopt the same “decarbonization” objectives. Many voices in the global South and East believe that the West’s call for decarbonization exposes their hypocrisy both collectively and at a personal level.

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It could even blow the whole scam up.

[CUE: sad trombone]

U.S. Secretary of State John Kerry listens as Jordanian Foreign Minister Nasser Judeh, gives a statement to the media during a bilateral meeting on Syria in Geneva, Switzerland, Sunday,

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Jazz Shaw 10:00 AM | April 27, 2024
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