High tide for hype on the OBX

Apocalyptic predictions miss the mark on North Carolina sea levels

THE HOCKEY SCHTICK: New paper finds climate change projections fail to consider the 'enormous thermal inertia of the ocean'

A paper published today in Climatic Change notes that even if the "small" possibility of catastrophic climate change from increased CO2 is true, due to "the enormous thermal inertia of the ocean, and the long timescales associated" "these considerations prevent the high temperatures [in the worst case scenario] from being reached for many centuries. A failure to include these factors risks distorting the resulting economic analyses."

Developing nations likely to avoid mandatory emission cuts: Brazil

United Nations envoys are discussing ways to limit climate-damaging pollution while avoiding mandatory cuts for developing nations, Brazil’s delegate to the talks said.

Al Gore bails from green-energy investment

“Generation Investment says it is all about climate change, but it is just a typical investment fund with typical stocks,” Gunderson said.

“It has Amazon, Colgate Palmolive, eBay, Nielsen, Qualcomm, Strayer University and a smattering of stocks from biotech and health care. Not one company that makes solar panels, or windmills or biogas or electric cars. Catheters and commercial real estate, yes. Solar panels, no.”

Which is good, because the so-called clean tech sector has been a terrible investment for at least two years, Gunderson said.
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“I don’t blame Gore for getting out of alternative energy,” Gunderson said, “even if he did it too late in the case of First Solar.

“But when is he going to tell people that alternative energy is a lousy investment?”
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“Everyone in alternative energy knows their goose is cooked because subsidies are going down, and so is the price of oil and natural gas if we are allowed to drill for it here,” Gunderson said. ‘”But if you want to have energy in your portfolio, there are plenty of American stocks producing traditional energy that are doing just fine.”