Weird Happenings as Eco-warriors keep pushing the envelope on climate-change

The eco-warriors around the world have amped up their push for the “net-zero” target recently as demand for those damn “fossil fuels” keeps rising along with their price! It seems apparent, without oil, coal or natural gas mankind will suffer immensely but that’s not stopping the push to get us all to abandon them.  The eco-warriors and their puppet politicians believe we can count on unreliable and intermittent production of energy from wind and solar; stored in batteries at a cost of trillions of dollars globally.  The following are just a few of the weird happenings pushed by the eco-warriors and endorsed by elected politicians we have stupidly voted for in the developed world!

India and China ramp up coal production

While the developed world is doing what our politicians tell us to do to ween us off of fossil fuels, India and China have both announced they are collectively ramping up coal production by 700M tons (300M by China and 400M tons by India) per year which is more than total US output.  In the latter case even though the U.S. is also ramping up their coal production slightly it will only amount to a total of 598.3 million st, (short tons) according to the EIA projections for 2022!  Surely India and China will be castigated by the eco-warriors for ignoring them and the politicians from the developed world!  They will then backtrack on their plans to ramp up their coal production or perhaps they won’t, as they are more focused on improving the livelihood of their citizens?

Prince Charles’ prize backs face mask that cuts methane emissions from cow burps

Back in January 2021 Prince Charles launched the Terra Carta (named after the Magna Carta) whose purpose was defined as; “provides a roadmap to 2030 for businesses to move towards an ambitious and sustainable future; one that will harness the power of Nature”.  He sought pledges from the business community of $10 billion by 2022 and recently handed out the prize of “£50,000” for the inaugural winner of the Terra Carta Design Lab competition. The winning design was a face mask for cows to cut methane emissions from cow burps!  Interestingly enough, if one researches “cow burps” versus “cow farts” an article in Forbes in 2017 suggests those cow farts are worse than cow burps due to the fact that manure is not used much for fertilizer as in the past when it was spread rather then stored in open pits.

Perhaps the time has come for Prince Charles to suggest another competition to capture the methane from those “cow farts” Surely that will be an interesting design and worth that £50,000 prize or more or would it simply be more “Bull Shit”!

New Zealand’s plan to tax cow and sheep burps

A very recent article appearing in the BBC news suggests New Zealand’s astute politicians have also focused on not only cow burps but also sheep burps!  As a result of their observations, they plan to levy a tax on farmers for emissions from those sheep and cows. New Zealand reputedly host 10 million cattle and 26 million sheep grossly outnumbering their 5 million people. At the same time as they plan on levying the tax; New Zealand is involved in the launch of a trade dispute under the Trans-Pacific Partnership (TPP).  The trade dispute is against Canada and associated with our “supply management system” which protects our dairy farmers from cheaper imports.  So, should New Zealand’s “burp tax” become law it will presumably raise the price of their dairy products so one wonders will those increased prices result in their products becoming uncompetitive with the same products from our dairy farmers?  It appears that New Zealand’s politicians are trying to shoot themselves in the foot if they implement the tax making their diary products priced higher. Perhaps they are secretly hoping Canada will impose similar “burp taxes” or under the trade dispute will insist Canada impose the same tax!

As a matter of interest, the Chinese City of Shanghai emits two and a half times more emissions (200MT) than the whole country of New Zealand does even with all those cattle and sheep.   

Take your pick: Clean Energy Credits, Carbon Credits, Carbon Offsets, Voluntary Environmental Credits or Renewable Energy Credits

If you run a business these days you are forced to comply with the wishes of the politicians elected to run the country. Those politicians attended COP-26 and signed up to reduce those invisible emissions we have been told for well over 50 years will surely decimate the planet! The choices you make will drive up your costs but you are told you must comply regardless of what China, India or Russia do.  To reduce those emissions, you will pick one of the listed “credits” or “offsets” in the captioned headline and hope the cost(s) can be passed on in pricing your products or absorbed by increasing your efficiency. Either is a choice impacting your business and those you employ. Bearing in mind the choice you make it is interesting to note not only are the costs and choices varied but many selling them have been called out as false.  

One recent report out of Concordia University is critical of the fact that companies will purchase REC (renewable energy credits) to offset their emissions but are using electricity generated by fossil fuels.  Other reports have criticized purchases of “carbon credits” or “carbon offsets” which as one example found Nature Conservancy reputedly selling unendangered tree offsets.

Now here in Ontario back in January our Minister of Energy Todd Smith suddenly recognized Ontario’s electricity generation is very clean with only about 6% of it creating emissions. As a result he issued a press release suggesting Ontario may be heading to creation of a “Clean Energy Registry” that will make the province attractive for investments. Companies will be able to purchase those CEC from our renewable generators and the money will “reputedly” be returned to Ontario’s ratepayers to reduce electricity costs.

The foregoing looks to be the epitome of the “Circular Economy” and perhaps is what PM Justin Trudeau had in mind when he flew to California and signed the “Canada-California Climate Action and Nature Protection Partnership” on June 9,2022.

Apparently, it’s OK for Trudeau and others in his entourage to create a huge carbon footprint while the rest of us are told to reduce ours!  Seems just a little weird!

Author: parkergallantenergyperspectivesblog

Retired international banker.

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