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Why is our government working so hard to undermine free markets to push a global left socialist agenda? We all know that the United Nations International Panel on Climate Change has factions within it that actually believe that capitalism is to blame for global warming (a theory that humanity’s CO2 emissions are causing catastrophic warming of our planet) because capitalism creates abundance and therefore uses up too many resources and is responsible for the current warming trend of our Earth that has been going on for 10,000 years. Incredible nonsense that comes to this group.
In fact, I’d like to recommend reading an article from the Wall Street Journal; 11-19-2015 “Forcing Green Policies on Pension Funds: Obama’s Labor Department Wants Retirement Portfolios to Ditch Their Fossil Fuel Holdings,” by Mr. Kessler. It turns out that the SEC now requires companies to forecast future potential losses from Global Warming (remember, it’s still just a theory).
The article explains how the Department of Labor of the Obama Administration has ordered pension funds to consider “Climate” in all their investments. What’s wrong with this? Well, $9 trillion is in these pensions that are invested in the stock market; telling them to invest in climate change friendly actions to prop up companies in the alternative energy sector is nothing more than an attempt to keep this unproductive sector alive as ROI. turn negative as government subsidies, tax breaks and funding of alternative energy start-ups are withdrawn. To me, this is a strong signal that the alternative energy bubble is about to reach the South Pole and freeze up. What you say? I think this is criminal behavior on the part of regulators – they are trying to siphon off money.
So the plan is to force retirees to have green funds in their portfolio, no matter how low their ROI is, and at the same time the administration is calling for oil companies to be sued.
Sue fossil fuel companies to stop them?
Oh, so you want to sue the energy companies? That’s what the communists tried to do when they entered the fight for environmentalism, in fact that’s also what the eco-terrorists suggest, but when they don’t win their lawsuits do they start blowing things up? If you sue the energy companies, which has been done in the past, the utilities pass those costs on to the consumer, driving up energy costs, if the consumer is the so-called group with a % of asthmatic cases, then They lose twice as much. .
When environmentalists sue power companies for their expansion EIRs, often for clean energy technologies within those plants (cases in AL, GA, PA, DE, for example), they cannot upgrade to less polluting systems. Of course the Alternative Energy companies think they should be exempt; Wind turbines and ultrasound, killing birds, bats, etc., or solar panels in the desert damaging desert tortoise habitats.
I guess the Obama administration wants to sue the fossil fuel sector (oil, coal and natural gas) into oblivion, then alternative energy companies can trade higher prices, make more profits in a government protected and subsidized industry with no harming retirees during his robbery of the power sector Wow what kind of bird brain thought of that strategy, maybe that bird got hit in the head by a wind turbine, yeah that would explain it well.