Thursday, May 31, 2012

California counting its carbon tax riches | JunkScience.com

But eight states have dropped out of California’s Western Climate Initiative, leaving many scratching their heads in wonderment, as only California and Quebec are left alone to solve the world’s global warming and climate change issues.

- Bishop Hill blog - That's telling him

This just in from the Telegraph:

Peter Atherton, Citigroup’s head of utilities research, said the SNP’s radical renewable power targets require up to £7 billion of investment a year but the figure at the moment is only £750 million.

The industry expert, who advises the bank's clients where to invest their money, said utility share prices are “dire” and green energy manufacturers have proved a “terrible, catastrophic investment” in recent years.

It is “borderline fantasy” that this difference can be made good because banks and international investors do not think green energy schemes provide reliable returns, he said.

Canada – More of the Great White North Up for Energy Development? | JunkScience.com

Quick – which is the U.S.’s biggest supply of non-OPEC oil?

Green Investors Avoid the UK Over Fears it will Push for Natural Gas | JunkScience.com

Ernst & Young have just released their quarterly report which ranks the attractiveness of countries to renewable energy investors.

The New Nostradamus of the North: Al Gore - Once again proven wrong

"Solar and wind energy projects like DESERTEC show that we have the technologies. We just have to start acting!" "This is not pie in the sky – this can be done. We [the USA] need to do it for our own economy."

Al Gore (May 2010)

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