Obama Offers Phony
Solution to Phony ‘Climate Change’
by Steve Milloy 30 Nov 2015
President Obama’s new solution to the alleged
catastrophic global warming problem is a phony as the “problem” itself.
Obama announced the U.S. Government would participate
with a group of billionaires in a public-private partnership called the Breakthrough
Energy Coalition. The ostensible purpose of the Coalition
is speed up development of “clean” and “renewable” energy via a doubling of
investment into research.
But first, there is the little matter of this thing
called Congress. Government spending must be initiated and approved by Congress.
There is no indication that the GOP-controlled Congress is in any mood to help
Obama, especially on climate, or to spend even more taxpayer money chasing
CO2-free energy fantasies.
Next, there is the little matter of reality. U.S.
taxpayers have already spent about $200 billion over the last 20 or so years
chasing the CO2-free energy fantasy. The only result has been the stark
realization that, with the exception of hydropower, CO2-free energies simply
cannot compete on an affordable and reliable basis with coal, oil and natural
gas. “Renewable” energy is only as renewable as the government mandates and
heavy taxpayer subsidies on which they rely.
Finally, there is the roster of scoundrels participating
in the Coalition.
Not only is George Soros a
major funder of radical left wing political causes, including global warming
hysteria, he has cynically started investing in coal companies, as reported last
summer in this column. Needless to say, coal is hardly a “breakthrough” form of
energy.
Tom Steyer is
not only a major Democrat donor, but a major funder of global warming hysteria.
Steyer infamously committed to spending $100 million to campaign against Republicans
on climate during the 2014 elections. I’m sure the GOP-controlled Congress will
be very happy to provide taxpayer dollars so that the billionaire Steyer can
make even more money. Let’s also keep in mind that the hypocrite Steyer made a
lot of his fortune investing in Indonesian coal projects.
Less well known, but no less a scoundrel, is Silicon Valley venture capitalist Vinod Khosla, a key player in
the cellulosic ethanol taxpayer disaster. As exposed by
the Wall Street Journal, Khosla backed ventures vacuumed up $160 million in
taxpayer subsides, which along with a like sum from private sources, produced a
pathetic 4 million gallons of cellulosic ethanol – a fuel already being
produced via mandates and subsidies to corn farmers.
The Breakthrough Energy Coalition also includes John Doerr (Al Gore’s investment
partner in the venture capital firm Kleiner, Perkins Caufield and Byers), Richard Branson
(billionaire green hypocrite and owner of CO2 spewing Virgin Airways), the
government of Saudi
Arabia (national wealth depends
on oil and gas), Mark Zuckerberg (founder
of Facebook,
enough said), and Bill Gates (whose
once brilliant business acumen expired long ago and has been replaced with the
naïve and egoistic belief that simply throwing Gates Foundation money at problems is always the solution).
The Breakthrough Energy Coalition exercise is silly. If
utility scale CO2-free energy is desired, we already have nuclear power. But
not only do environmentalists oppose nuclear power, President Obama himself
made sure nuclear power would have no future in the U.S. when he killed
development of the spent fuel storage facility at Yucca Mountain in 2009. And
for the foreseeable future, nuclear fission remains a pipe dream.
Meanwhile, real energy needs across the world are being
met by the old technology of coal. More than 1,000 new coal plants are on the
drawing boards in Asia. As coal is cheap and readily available, those plants
will go up and will operate for a long time. New and practically never-ending
supplies of oil and natural gas have also been made available by
hydrofracturing and other new technologies.
While it’s always possible that some other magical energy
source will be discovered, it’s difficult to believe that the dubious
Breakthrough Energy coalition would discover it. Indeed, the Coalition will be
lucky itself to get off the ground. At best, the Coalition may only most likely
serve as a vehicle for crony capitalism, the left-wing political agenda, and
feel-good public relations.
Breakthrough Energy Coalition
William H. Gates
III is a member of the Breakthrough
Energy Coalition, and a co-chair for the Bill & Melinda Gates Foundation.
Note: Bill
& Melinda Gates Foundation was a funder for the Bill, Hillary & Chelsea Clinton Foundation, the Center for American Progress, the Aspen Institute (think tank), and the Brookings Institution (think tank).
Richard Branson
is a member of the Breakthrough Energy
Coalition, and the founder of the Virgin
Group.
Virgin Group was
a funder for the Bill, Hillary &
Chelsea Clinton Foundation.
Open
Society Foundations was a funder for the Bill, Hillary & Chelsea Clinton Foundation, the Center for American Progress, and the Carnegie Endowment for International Peace
(think tank).
George
Soros is the founder & chairman for the Open Society Foundations, a member of the Breakthrough Energy Coalition, was the chairman for the Foundation
to Promote Open Society, and a supporter for the Center for American Progress.
Foundation
to Promote Open Society was a funder for the Center for American Progress, the Aspen Institute (think tank), the Climate Reality Project, the Brookings
Institution (think tank), and the Carnegie
Endowment for International Peace (think tank).
Thomas F. Steyer
was a funder for the Bill, Hillary &
Chelsea Clinton Foundation, is a director at the Center for American Progress, and a member of the Breakthrough Energy Coalition.
L.
John Doerr was a funder for the Bill,
Hillary & Chelsea Clinton Foundation, is a member of the Breakthrough Energy Coalition, a
trustee at the Aspen Institute (think
tank), and a general partner at Kleiner
Perkins Caufield & Byers.
Reid
Hoffman is a member of the Breakthrough
Energy Coalition, and was a fellow at the Aspen Institute (think tank).
Albert A. Gore Jr.
is a partner at Kleiner Perkins Caufield & Byers,
the chairman for the Climate Reality
Project, and was a donor for The
Climate Project.
The Climate
Project was a merged organization with the Climate Reality Project.
Kleiner
Perkins Caufield & Byers was a donor for The Climate Project.
Vinod
Khosla is a partner emeritus at the Kleiner
Perkins Caufield & Byers, and a member of the Breakthrough Energy Coalition.
Priscilla Chan is
a member of the Breakthrough Energy
Coalition, and married to Mark
Zuckerberg.
Mark Zuckerberg
is married to Priscilla Chan, a co-founder
& chairman & CEO for Facebook,
a member of the Breakthrough Energy
Coalition, was a donor for the Silicon
Valley Community Foundation, and the 2010 person of the year for Time magazine.
Silicon
Valley Community Foundation was a funder for the Bill, Hillary & Chelsea Clinton Foundation.
Strobe Talbott
was an editor for Time magazine, and
is the president of the Brookings
Institution (think tank).
Richard C. Blum
is an honorary trustee at the Brookings
Institution (think tank), married to Senator Dianne Feinstein, a regent at the University of California, and was a funder for the Bill, Hillary & Chelsea Clinton
Foundation.
University
of California in a member of the Breakthrough
Energy Coalition.
Virgin Group was
a funder for the Bill, Hillary &
Chelsea Clinton Foundation.
Richard Branson
is the founder of the Virgin Group,
and a member of the Breakthrough Energy
Coalition.
William H. Gates
III is a member of the Breakthrough
Energy Coalition, and a co-chair for the Bill & Melinda Gates Foundation.
Bill
& Melinda Gates Foundation was a funder for the Brookings Institution (think tank), the Bill, Hillary & Chelsea Clinton Foundation, the Center for American Progress, and the Aspen Institute (think tank).
Michael R.
Bloomberg was a donor for the Bill
& Melinda Gates Foundation, is the founder of the Bloomberg Family Foundation, and a co-chair for the Risky Business Project.
Bloomberg
Family Foundation was a donor for the Bill
& Melinda Gates Foundation, and a funder for the Aspen Institute (think tank).
Thomas F. Steyer
is a co-chair for the Risky Business
Project, a director at the Center
for American Progress, a member of the Breakthrough
Energy Coalition, and was a funder for the Bill, Hillary & Chelsea Clinton Foundation.
Alwaleed bin
Talal is a member of the Breakthrough
Energy Coalition, and a Saudi Arabia
prince.
Ratan
N. Tata is a member of the Breakthrough
Energy Coalition, and a trustee at the Carnegie
Endowment for International Peace (think tank).
Jessica Tuchman Mathews was the president of
the Carnegie Endowment for International Peace (think tank), a director
at the American Friends of Bilderberg (think tank), an honorary trustee
at the Brookings Institution (think tank), and a 2008 Bilderberg conference
participant (think tank).
Ed Griffin’s interview with
Norman Dodd in 1982
(The investigation into the
Carnegie Endowment for International Peace uncovered the plans for population
control by involving the United States in war)
Richard C. Blum
is an honorary trustee at the Brookings
Institution (think tank), married to Senator Dianne Feinstein, a regent at the University of California, and was a funder for the Bill, Hillary & Chelsea Clinton
Foundation.
University
of California in a member of the Breakthrough
Energy Coalition.
Strobe Talbott is
the president of the Brookings
Institution (think tank), and was an editor for Time magazine.
Mark Zuckerberg was
the 2010 person of the year for Time
magazine, a donor for the Silicon
Valley Community Foundation, is married to Priscilla Chan, a co-founder & chairman & CEO for Facebook, and a member of the Breakthrough Energy Coalition.
Priscilla Chan is
married to Mark Zuckerberg, and a member
of the Breakthrough Energy Coalition.
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