The bottom line is that the United Nations and Carbon Tracker Initiative 
want to kill the only major source of energy *today*
*---*
*factually incorrect.*
we have several sources of energy.

seldom do you see people who are eager for war to be concerned with the 

On Wednesday, November 11, 2015 at 1:01:06 PM UTC-6, Travis wrote:
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> http://www.rightsidenews.com/life-and-science/energy-and-environment/the-irrational-war-on-carbon-toward-the-2015-climate-change-summit-in-paris/
>
>  
> The Irrational War On Carbon: Toward The 2015 Climate Change Summit In 
> Paris
>
> Patrick Wood | Technocracy News <http://technocracy.news/>
>
> The core stakeholders who will orchestrate the Paris 2015 Climate Change 
> Summit <http://www.cop21.gouv.fr/en> are out in full force to froth the 
> brew of anti-carbon rhetoric.
>
> [image: Description: Pré-COP-777x437]
>
> There is no better example of what will be said than what has already been 
> said by the Carbon Tracker Initiative <http://www.carbontracker.org/> based 
> in London. First, they call for a “carbon bubble deflation” where the 
> excessive production of fossil fuel carbon will be methodically reduced to 
> zero thanks to financial pressure and asset realignment. Comparing carbon 
> to a financial bubble serves to create an urgent avoidance, but the analogy 
> is deeply flawed.
>
> [image: Description: 
> https://adfarm.mediaplex.com/ad/tr/25711-185706-26704-0?mpt=%5bCACHEBUSTER%5d][image:
>  
> Description: 
> https://t.myvisualiq.net/a/e/d2i.ads?r=%5bCACHEBUSTER%5d&et=i&ago=212&ao=308&aca=185706&si=26704&kv0=25711-185706-26704-0&kv1=1&pt=i]
>
> According to this approach, “smart” utilities and other fossil fuel users 
> are told that they should divest themselves of assets related to coal, oil 
> and their derivatives. Carbon Tracker then reminds the company that if 
> management winds up with “abandoned assets” in their portfolio, they will 
> have failed their shareholders.
>
> Christiana Figueres, the United Nations’ climate head, loves this approach 
> and is backing it 100 percent. She stated in May 2014,
>
> *“Governments have agreed to limit global temperature rise to less than 2 
> degrees Celsius. Governments have also agreed to put in place the pathways 
> to deliver this with a new and universal agreement in Paris towards the end 
> of 2015. In order to reach this goal, large amounts of coal and oil will 
> have to stay in the ground, unburnt. Carbon Tracker’s new* [oil and coal 
> cost] ‘*Curves’ report indicates where in respect to the oil industry 
> some of those stranded assets and some of those red lines will lie.”*
>
> Will The Carbon Tracker Initiative have an impact at the Paris 2015 
> Climate Change Summit? They believe <http://www.carbontracker.org/about/> 
> they will:
>
> *“We have the technical knowledge, connections and reach to get inside the 
> mind-set of the global financial community and effect change on a global 
> scale. We are a non-profit, independent organisation, free from the 
> commercial constraints of mainstream analysts and able to set our own 
> research agenda.”*
>
> Secondly, they have the full support of the United Nations.
>
> The ultimate goal (by 2030) is nothing less than to completely stop all 
> production of coal and oil.
>
> Let’s analyze this a bit. When Carbon Tracker Initiative calls for “carbon 
> deflation”, any rational economist would perceive that this will also cause 
> economic deflation as well. Why? Because energy is required for all 
> economic activity and currently carbon provides the bulk of that energy. 
> Secondly, there are no substitutes offered to make up the difference in 
> those deflated resources.
>
> Will wind and solar power be sufficient to completely replace the loss of 
> coal and oil? Hardly. According to the U.S. Energy Information 
> Administration, 67 percent of America’s electricity is currently derived 
> from these resources. If you add in nuclear and hydropower, the total rises 
> to 92 percent. By comparison, all sources of renewables combined (wind, 
> solar, biomass, geothermal) only produce 7 percent.
>
> There is no concrete plan on the table anywhere that could begin to 
> replace the missing energy if coal and oil are summarily eliminated. The 
> lack of solutions is underscored by Bill Gates’ recent plea for a huge 
> increase in research funds to explore new technologies. In the end, Gates 
> says he is hoping for a miracle.
>
> The bottom line is that the United Nations and Carbon Tracker Initiative 
> want to kill the only major source of energy *today*, while hoping 
> against hope that some unforeseen miracle will bail them out later.
>
> It doesn’t take a PhD to realize that this is a formula for economic 
> disaster.
>
>  
>
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