With COP 27 Around the Corner the Push to get us to Net-Zero is Mind Blowing

The UNFCCC (United Nations Framework Convention on Climate Change Conference) or COP-27 is just around the corner and will be held in the Egyptian resort town of Sharm El-Sheikh in November (6th to 18th).  Tens of thousands of bureaucrats from around the world will be in attendance including (we must assume) hundreds from Canada including many from the Trudeau led governing party along with many from charitable institutions labelled (personally) as eco-warriors!  The very first COP (conference of the parties) was held in 1995 so for 27 years the concept that “mankind is responsible for climate change” has endured and we should all suspect; this upcoming conference will be no different! The race to achieve “net-zero” is progressing at a snail’s pace without the negative consequences continually professed by them! The developing countries in attendance will be seeking trillions of dollars from the developed nations to help them transition to that elusive “net-zero” target!

In support of the foregoing, Canadian eco-warriors living off charitable donations and government funding from coast to coast to coast are undaunted and continue to push their agenda believing mankind’s use of fossil fuels should cease. They do this seemingly, without the ability to weigh scientific facts against their angst and as each COP gets close, they ramp up their “end of the world is coming”, rants! Needless to say, COP 27 has raised their ire once again so let’s look at just two of the most recent apocalyptic rants from the climate cult.

The “Green New Bill”

A recent article appearing in “Branding.news” suggests if the federal government invests $20 in a “green and just recovery” it will mean: “$307.85 would be contributed to Canada’s GDP within 10 years”!  It also includes a video of less than two minutes outlining how and why that would happen.  “The banknote was designed with a coalition of Canadian grassroots groups including the Green Budget Coalition, the Strathmere Group, CAN-Rac, Corporate Knights, and the Task Force for a Resilient Recovery, led by the David Suzuki Foundation“.  Needless to say, the aforementioned “coalition” members have been around for years, and most have been included in previous findings pushing the “climate change” agenda. They have coalesced on numerous occasions using grants from cult supporting charitable foundations to push their views on government policy makers with great success!  The article includes a link to an Instragram AR filter to allow you to see how they calculate that $20 investment will translate to become the $307.85 in 10 years. A quick review suggests the overall concept has nothing to do with common sense or economics and is strictly cultist forecasts by the eco-warriors pushing us to eliminate the use of fossil fuels for the past 27 years.

Act Now to Expand and Decarbonize our Electricity System

Wow, it’s apparent Armageddon must be just around the corner or perhaps by 2035 or 2050 unless we electrify everything and end all use of fossil fuels if one is in agreement with a recent letter sent to the Prime Minister and Provincial and Territorial Premiers signed by 25 organizations.  The letter was reportedly signed by the David Suzuki Foundation, Pembina Institute, Blue Green Canada, CanREA and many others including the Canadian Chamber of Commerce, Electricity Canada, Mining Association of Canada, Global Automakers of Canada, etc. etc.  It seems very strange; capitalist associations have joined forces with eco-warriors pushing the net-zero agenda!  The letter makes many recommendations warning about our commitment to achieve “net-zero” emissions in only 28 years and how we must “prioritize the transformation of our electricity system”. The letter states the foregoing should be accomplished by procuring “non-emitting electricity generation” and the “build out of new transmission infrastructure”.  It also suggests “Increased use of electricity throughout the economy can also ultimately lower total energy costs for consumers – provided we act now to plan and implement the changes required in our electricity system.“  The letter doesn’t say how the foregoing will happen or once mention anything about estimated costs or who will pay for their recommendations.  This letter suggests we are living in strange times as pushback is lacking from those who will be most affected along with the dubious claim as to how it will lower energy costs for consumers. This was the message doled out by the UK, Germany and the EU and they are now living through what they have wrought on their citizens driving millions into energy poverty with skyrocketing electricity prices.  At the same time those increased energy costs have pushed up their inflation rates further damaging their economies.

Realism Versus Cultism

Some recent events strongly suggest the “net-zero” push may be similar to the Attenborough false claim back in 2019 when he suggested walrus’s falling off cliffs were caused by “climate change”.  Shortly after he made it, his claim was easily debunked by individuals with skill sets he lacked!  Could the same thing happen to the eco-warriors and those who have joined the fray for the net-zero push?  A few recent events suggest it is probable.

1.Germany is Dismantling a Wind Farm to Make Way For a Coal Plant was one such article posted October 26, 2022, which strongly suggests Germany is facing a bad “energy short” winter. For that reason, they are firing up three of their previously shuttered 300 MW capacity coal fired electricity plants.  As it happened the lignite coal mine is where a wind farm was located presumably back in the days when Germany was hell bent on managing their economy using wind and solar as their principal source of electricity generation.  My, how times have changed!

2.Yet another article on October 26, 2022, in the Financial Post referenced a recent poll conducted by Leger in respect to support for Europe in the form of our enormous supply of oil and gas and 72% of respondents supported the development and export of our oil and gas to reduce their dependence on Russia.  The article went on to state; “The Trudeau government seems to have taken its marching orders from the 13 per cent of Canadians who are either “strongly” or “somewhat” opposed to exporting more of our oil and natural gas.” Does Trudeau really believe him, and his minions are doing a good job at managing our economy with polling numbers showing support for just one of his policies at 13%?  Time for him to wake up and smell the roses!

3. Another recent shot at the impact of renewable energy with a US focus was articulated by Jeff Currie, economist, and Global Head of Commodities Research at Goldman Sachs in an interview on CNBC’s Squawk Box.  Currie stated in respect to the USA: At the end of last year, overall fossil fuels represented 81% of energy consumption. 10 years ago, they were at 82%. $3.8 trillion of investment in renewables moved fossil fuels from 82% to 81% of the overall energy consumption.”

Summary:

Canada contributes 1.6% of global emissions so no matter what we do, China, India and other developing countries will replace them quickly and well before we achieve our targeted reduction.

What the foregoing should communicate to our leaders in Canada and in the developed world is to expect a pushback from the developing countries at COP 27 and the “net-zero” push!  They will either need to promise trillions of dollars of support to the developing world countries or back away from the concept fossil fuels are the engine controlling climate change.

 

Author: parkergallantenergyperspectivesblog

Retired international banker.

2 thoughts on “With COP 27 Around the Corner the Push to get us to Net-Zero is Mind Blowing

  1. Thanks for this posting Parker.

    I can imagine pushback at COP27 from some Western countries, but not Canada. Justanidiot will double down on Canada’s commitment. He’ll see it as an opportunity for Canada to show leadership and lord knows, the dim-witted Singh will go along with that, so the Liberals can continue to imagine they have a mandate to spend us into oblivion (not far off) without having to risk an election. The MSM will be the cheerleaders.

    Other Western nations will pushback behind closed doors because they see this current energy problem as transitory. You know, like inflation.

    Liked by 1 person

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