Wednesday, March 08, 2023

"Green-Green" is the Money Machine

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Have you ever wondered why the "green" activists---starting with President Biden at the top and his must-hire from the donor class---climate envoy John Kerry---have been so adamant about “de-carbonizing” the U.S. and yet have been so uninterested when the rest of the world keeps “carbonizing?” If someone wants to use a gas stove in the U.S., the greens are noisy in opposition, and yet when China builds a ton of new coal plants, they are silent. 

It has been said, "Silence means consent."

But why? Do they not care that climate experts, like Ocasio-Cortez, have told us the earth is going to burn up in 12 years---and she said that in 2019? 

The president tells us "Climate change is an existential threat."

What's going on?

Be informed, not misled.

According to a new study from the Centre for Research on Energy and Clean Air, China permitted 50 gigawatts of coal-fired electricity in 2022, up 50 percent from the year before. (A gigawatt is a billion watts, enough to power a few hundred thousand homes, depending on the weather.) And Semafor adds,  “All signs indicate that the surge will continue this year,” such that China will be building new coal plants, every two years, equivalent to existing U.S. capacity.

Why the silence? If, as Biden likes to say, “Climate change is literally an existential threat to our nation and to the world,” doesn’t that call for doing something drastic? And shouldn’t China be equally alarmed? Doesn’t Beijing follow the science?

Yet the Chinese communist regime has managed to stay calm, even as it engages in what Semafor calls a “frenzy” of coal-plant building. The Chinese communists say they’re going to deal with climate change, on their own timetable. 

They say they will "strive" to start reducing carbon dioxide emissions before 2030. Meanwhile, they will continue building coal plants.

Trust us. And stop asking questions.

Here's what's up.

How Biden's 'Green Energy Economy' is Benefiting Left-Wing Billionaires

The Washington Free Beacon has done some excellent reporting on why President Biden is trying to push America off the climate cliff while turning a blind eye toward China and the other great polluters of the world.

The Beacon found that President Joe Biden's taxpayer-funded push to build a "clean energy economy" is benefiting the Left's most prominent billionaire megadonors, including Bill Gates and Laurene Powell Jobs, the former wife of the late Steve Jobs---co-founder of Apple.

Biden's Energy Department has, in the last two months, announced nearly $3 billion in loans to two electric battery companies, Redwood Materials and Ioneer, which are backed by seed funding from Gates, Jobs, and other left-wing billionaires. Now those billionaires, who have poured millions into the effort to win Democrats power in Washington, are likely set to see a handsome profit from their initial investment. Ioneer, for example, won a $700 million loan from Biden and saw its stock price increase by 33 percent after the announcement.

Biden's Energy Department is funding Redwood and Ioneer through its Loan Programs Office, which is no stranger to controversy. Under former president Barack Obama, the office approved a $529 million loan to electric car manufacturer Fisker, which declared bankruptcy in 2013 and was subsequently sold to China. The office was largely dormant following Fisker's taxpayer-funded failure—until Biden's so-called Inflation Reduction Act funded it to the tune of more than $300 billion. Congressional Republicans such as Sen. Tom Cotton (R., Ark.) warned that the money would create a "green energy slush fund"—predictions that are now proving true.

Biden's green energy grants are going to groups funded by the same people who poured money into dark money groups that helped get Biden elected. In July 2021, Redwood raised $700 million from a "carefully selected group of strategic investors," including Gates and Powell Jobs, who participated in the fundraising round through their investment firms. Ioneer, meanwhile, boasts Texas billionaire John Arnold as a major shareholder, according to an October SEC filing. In 2020, Gates sent $127 million to a liberal dark money network working to elect Democrats, while Powell Jobs gave left-wing candidates and political groups more than $2 million. Arnold is also active in liberal dark money circles—he gave one such group $13.5 million from 2016-2020.

Steven Moore, a journalist, asks of America’s $100 Billion Bust on Climate Change, where did all the money go? Tens of billions of dollars have lined the pockets of left-wing environmental and social justice groups that have been emitting a lot of hot air but no results.

Yet  a recent Associated Press story, based on the latest data on global carbon emissions, provides a pretty accurate report card: “Carbon Dioxide Emissions Reached a Record High in 2022.”

The article tells us: “Communities around the world emitted more carbon dioxide in 2022 than in any other year on records dating to 1900. 

The apostle of the green religion.

James Pinkerton writes, "Green capitalism—the fusion of greenism and cronyism—is a proven model.  Ask former vice president Al Gore. His net worth has risen from $2 million in 2001 to $330 million today. Not bad, and do not think for a minute that he ever flies commercial. But still, Gore isn’t even a billionaire. Other greens aspire to a lot more green. And with the Biden administration’s help, they’re getting it. So now, how to keep the green circle of money flowing?

I’m guessing that Biden’s re-election campaign is going to be well-funded. So, all looks good for him and his rich green clients. Unless, of course, the American people find out.

Be Informed. Be Discerning. Be Vigilant. Be Engaged. Be Prayerful.