NO CLIMATE CRISIS But the “Profits of Doom” Will Continue

[Elderberry]

Roy Spencer PhD 2/17/2020

My Presentation to the Pacific Pension & Investment Institute

Last week I was privileged to present an invited talk (PDF here) to the Winter Roundtable of the the Pacific Pension & Investment Institute in Pasadena, CA. The PPI meeting includes about 120 senior asset managers representing about $25 Trillion in investments. Their focus is on long-term investing with many managing the retirement funds of private sector and state employees.

They had originally intended the climate change session to be a debate, but after numerous inquiries were unable to find anyone who was willing to oppose me.

Like most people, these asset managers represent a wide variety of views on climate change, but what they have in common is they are under increasing pressure to make “sustainable investing” a significant fraction of their portfolios. Some managers view this as an infringement on their fiduciary responsibility to provide the highest rates of return for their customers. Others believe that sustainable investing (e.g. in renewable energy projects) is a good long-term investment if not a moral duty. Nearly all have now divested from coal. Many investment funds now highlight their sustainable investments, as they cater to investors who (for a variety of reasons) want to be part of this new trend.

My understanding is that most investment managers have largely been convinced that climate change is a serious threat. My message was that this is not the case, and that at a minimum the dangers posed by human-caused climate change have been exaggerated. Furthermore, the benefits of more carbon dioxide in the atmosphere (e.g. increased agricultural productivity with no sign of climate change-induced agricultural harm) are seldom mentioned. I showed Bjorn Lomborg’s evidence for the 95% reduction in weather-related mortality over the last 100 years, as well as Roger Pielke, Jr’s Munich Re data showing no increase in insured damages as a fraction of GDP.

More: http://www.drroyspencer.com/

[IsailedawayfromFR]

Powerful stuff.

We need his power point in grade school rooms rather than the doomsayers' propaganda

[mountaineer]

Melanie Phillips: The Real Western Civilisation Emergency
    Date: 22/02/20

The “climate emergency”, which we are told threatens the imminent collapse of civilisation and the extinction of humanity, is a dogma being enforced by a culturally totalitarian tyranny. Threatening the living standards of millions, permitting no challenge and wrecking the livelihoods and reputations of any who dares dissent, it has been created by a repudiation of science, humanity and reason: the very markers of modernity and the west. This is the real emergency.  ...

For it’s not just that the carbon-neutral target will destroy the livelihoods and wreck the living standards of millions of people. It’s not even that it would take Britain and the west backwards to a pre-industrial way of life.

More fundamentally, it shows that policymakers and politicians – even those who may not fawn idiotically over Greta Thunberg and who rightly view Extinction Rebellion as a bunch of anarchist vandals – have not the slightest scintilla of a clue that the whole idea of a “climate emergency” is bogus from start to finish.  ...

Read entire article at The Global Warming Policy Forum