The global energy crisis - Green fairy tales collide with reality

[SammyS]

Wonder why Brookfield Infrastructure Partners would spend
$8.6 billion to take over an oil sand pipeline and oi
company. I guess they think they can recuperate their investment
before the pipeline company go bankrupt in 10 years.
^^^^^^^^^

^^^^^^This picture is on Brookfield Infrastructures home page.

Brookfield

I guess Brookfield Infrastructure is trying to compete with Brookfield Renewable after it merged with TerraForm to create a $50billion platform.

50 billion vs 8.6 billion

I wonder who is leading Brookfield Renewable???

Mark Carney - Vice Chair and Head of Transition

Renewable power for a cleaner, brighter tomorrow
The acquisition of the TerraForm companies strengthened Brookfield’s position as a global leader in renewable power, adding significant wind and solar assets as well as operating platforms in India and China.

Brookfield
We are one of the world's largest investors in renewable power, with over 20,000 megawatts of generating capacity. Our assets, located in North and South America, Europe, India and China, comprise a diverse technology base of hydro, wind, utility-scale solar, distributed generation, storage and other renewable technologies.

OMG... is Brookfield investing more money in oil pipelines and infrastructure than Renewable Resources???

 

[oil&gas]

Before the takeover of Inter Pipeline Brookfield's assets were indeed
concentrated in renewable energy. So the more interesting
question is why did they divest from renewable energy to
fossil fuel investment? And remember most of Brookfield's
energy assets are in water hydro. Hydro power has always
been profitable and indeed more stable than fossil fuel
power. Surely there must be more profitable opportunities
for Brookfield to invest that $8.7 billion in
solar and wind power stations than oil sands pipelines.

 

[oil&gas]

I wonder who is leading Brookfield Renewable???

Mark Carney they guy who has been reaping profits
through destruction of the Earth.

Mark Carney’s ‘net-zero’ firm has billions in coal and oil sands projects

A Canadian company that employs UN climate envoy Mark Carney has invested billions of dollars in fossil fuel projects, analysis shows.

unearthed.greenpeace.org

 

[JohnLarue]

Before the takeover of Inter Pipeline Brookfield's energy
assets were all renewable energy. So the more interesting
question is why did they divest from renewable energy to
fossil fuel investment.

They did not divest the renewable energy assets in this deal
They just invested shares to acquire some long life FF assets and diversify the portfolio.
cash flow from both renewables and from a pipeline.
It is going to be next to impossible to build pipelines for the foreseeable future , so buy what you can now
The polypropylene plant will likely kick off mega bucks once complete
That plant was a free option at the first take over bid and they would up paying a bit more

Brookfield management has been very successful..
Obviously they believe FF and the oil sands operations will continue far into the future
I suspect Mark Carney may not have been supportive of this deal-, so maybe they did not ask him

 

[JohnLarue]

I wonder who is leading Brookfield Renewable???

Mark Carney they guy who has been reaping profits
through destruction of the Earth.

Mark Carney’s ‘net-zero’ firm has billions in coal and oil sands projects

A Canadian company that employs UN climate envoy Mark Carney has invested billions of dollars in fossil fuel projects, analysis shows.

unearthed.greenpeace.org

yeah there is some hypocrisy there, however

Mark Carney is a Vice Chair of Brookfield Asset Management and Head of Transition Investing.

So while vice chair sound very influential he is a vice chair, not the vice chair , if there are 8 vice chairs, he may not get to drive the decisions
It also sounds like his focus is on the renewables

Management may also operate very independently of the board
Although the optics of this is eyebrow raising
This would likely have been discussed at the board level given the long drawn out take over process with higher and higher bids

It was also a different legal entity which purchased Interpipe - Brookfield Infrastructure
Carney may not have direct responsibilities or authority wrt Brookfield Infrastructure

Either way it does appear very hypocritical
The optics for him are bad

 

[WULA]

I guess this is not the 'Harvard Business Bullboard'.

Business, governance, and global warming are all a little more complicated than Tits and Ass.

And I do not agree with lots of the Tits and Ass posts on here either.

But I do Iike investing in some of the great escorts in Toronto more than my favourite stocks.

 

[oil&gas]

Mark Carney is the kind of climate hypocrite that climate sheeple
would look to as the leader to save us from climate change.

Carney can make money off fossil fuels abroad, but Canadian workers can't do so at home.

https://www.facebook.com/video.php?v=4018242811546457

 

[JohnLarue]

Mark Carney is the kind of climate hypocrite that climate sheeple
would look to as the leader to save us from climate change.

Carney can make money off fossil fuels abroad, but Canadian workers can't do so at home.

https://www.facebook.com/video.php?v=4018242811546457

he has political ambitions with the .......liberal party (yikes)
He has experience running two central banks for two G7 countries, which is impressive (although central bankers world wide keep rates too low, too long and then started printing money as fast as they could)
He is highly intelligent, something which the liberals are alarming short of
If the liberals can market a moron like Justin as PM , they will be able to market Carney

But he bought into the climate nonsense and is a climate hypocrite ??


One of the dangers is if central bankers ignore their mandate for price stability and have monetary policy driven by a green agenda.
The environuts are pushing for this and it is a recipe for economic disaster

Tiff Macklem is a climate bed wetter and he is having difficulty defining transitory.
This does not inspire confidence

 

[The Oracle]

he has political ambitions with the .......liberal party (yikes)
He has experience running two central banks for two G7 countries, which is impressive (although central bankers world wide keep rates too low, too long and then started printing money as fast as they could)
He is highly intelligent, something which the liberals are alarming short of
If the liberals can market a moron like Justin as PM , they will be able to market Carney

But he bought into the climate nonsense and is a climate hypocrite ??


One of the dangers is if central bankers ignore their mandate for price stability and have monetary policy driven by a green agenda.
The environuts are pushing for this and it is a recipe for economic disaster

Tiff Macklem is a climate bed wetter and he is having difficulty defining transitory.
This does not inspire confidence

https://twitter.com/i/web/status/1459757194904276992

 

[JohnLarue]

https://twitter.com/i/web/status/1459757194904276992

that is the surface temp record which is riddled with problems and multiple sources of errors
They maybe measuring the global urbanization rate since so many of the stations have been surrounded by more and more asphalt over the years

The 1930s were hot, with a lot of the high temp records being set , yet it is shown here as colder than the 1940, the 1970s were cold (lots of talk of a new ice age) , here they are shown as warmer than the 1960s
Odd
They also seem to have made "the pause" (1998–2013) disappear. that slope is pretty vertical
Odd again

The satellite data , eliminates the errors inherent in the surface data set .
The satellite data showed a zero net warming vs a 20 or 30 running year average as of the fall, quite a contrast to the slope in the surface temp record

and 1 degree C over 140 years is well within what one might expect from natural variability of climate.
we are still emerging from an ice age

 

[Moviefan-2]

Scale is everything.

It's amazing how a graph can make a temperature change of 1C over 140 years look significant when 140 years is condensed to look like a single year and temperature changes of 0.1 C are made to look enormous.

 

[SammyS]

he has political ambitions with the .......liberal party (yikes)
He has experience running two central banks for two G7 countries, which is impressive (although central bankers world wide keep rates too low, too long and then started printing money as fast as they could)
He is highly intelligent, something which the liberals are alarming short of
If the liberals can market a moron like Justin as PM , they will be able to market Carney

^^^^^^
If Carney wanted to be PM for the Liberal Party he would be a shoe in.
And I can't believe I'm agreeing with JohnLaRue but I think he would do a way better job of running the country than Trudeau. I know we went through Covid but the spending is definitely out of control.

 

[Moviefan-2]

The National Post has an excellent article that describes how most people don't realize just how much we depend on fossil fuels, in everything from the production and running of wind towers to the products in essential health-care services and the compounds in the COVID-19 vaccines.

Daniel Yergin: Why the energy transition will be so complicated

The degree to which the world depends on oil and gas is not well understood

financialpost.com

Regardless of where you are on the political spectrum, the reality is we all love the power that comes from the burning of fossil fuels.

And denying that reality is going to be much more painful than most people realize.

 

[JohnLarue]

The National Post has an excellent article that describes how most people don't realize just how much we depend on fossil fuels, in everything from the production and running of wind towers to the products in essential health-care services and the compounds in the COVID-19 vaccines.

Daniel Yergin: Why the energy transition will be so complicated

The degree to which the world depends on oil and gas is not well understood

financialpost.com

Regardless of where you are on the political spectrum, the reality is we all love the power that comes from the burning of fossil fuels.

And denying that reality is going to be much more painful than most people realize.

The average lonnie has absolutely no idea of how difficult their life will be without fossil fuels
If it were not for the fact a major disruption in oil supply (ie line 5) would likely cost lives, It might be the cold hard slap to the face to wake these dummies' up

 

[Frankfooter]

The National Post has an excellent article that describes how most people don't realize just how much we depend on fossil fuels, in everything from the production and running of wind towers to the products in essential health-care services and the compounds in the COVID-19 vaccines.

Daniel Yergin: Why the energy transition will be so complicated

The degree to which the world depends on oil and gas is not well understood

financialpost.com

Regardless of where you are on the political spectrum, the reality is we all love the power that comes from the burning of fossil fuels.

And denying that reality is going to be much more painful than most people realize.

10% of Canadian homes are now uninsurable because of climate change.
Food prices are up, insurance is up, BC is is still recovering.

The US is recovering from record tornadoes, all around us climate change is already costing more than transition.

 

[Moviefan-2]

All around us climate change is already costing more than transition.

It's remarkable how we can draw these conclusions in the complete absence of any cost/benefit analyses. I had no idea nuclear power plants were so inexpensive.

 

[JohnLarue]

It's remarkable how we can draw these conclusions in the complete absence of any cost/benefit analyses. I had no idea nuclear power plants were so inexpensive.

More like the complete absence of any rational analysis
The lonnies will mis-represent anything and all things in order to push their climate change agenda

 

[Frankfooter]

It's remarkable how we can draw these conclusions in the complete absence of any cost/benefit analyses. I had no idea nuclear power plants were so inexpensive.

$220 billion last year, dude.

Disasters caused $210 billion in damage in 2020, showing growing cost of climate change

The six costliest disasters of 2020 occurred in the U.S., topped by Hurricane Laura's devastation, which caused $13 billion in damage after hitting Louisiana.

www.cnbc.com

35% of wheat and canola

https://www.cbc.ca/news/canada/manitoba/crop-yield-stats-canada-1.6284026

$450 million from BC's floods so far, not counting fire damages.

$450M flood bill costliest in B.C.'s history, still climbing

The nearly half-billion dollars in insurance claims makes November's flooding the costliest natural disaster in B.C.'s history. But with the government yet to release its damage estimates, it comes nowhere near the true financial toll.

www.vancouverisawesome.com

 

[Frankfooter]

More like the complete absence of any rational analysis
The lonnies will mis-represent anything and all things in order to push their climate change agenda

I find the comment about 'lonnies' exceptionally entertaining.
If you check through this and other climate change threads you'll note that the 'lonnies' post studies, science and legit sources while the 'rational' folk like you and moviefan post right wing commentary or retired hacks pretending at science.

I expect you're well past breeding age, but this might be of interest.

Fossil fuels may be linked to fall in sperm counts, fertility

A substantial drop in fertility rates over the past half century could be the linked to pollution from the burning of fossil fuels — and the migration of chemicals, oil and plastics into virtu…

thehill.com

 

[Moviefan-2]

$220 billion last year, dude.

That's weather porn, not climate change.

To cite one of your favourite sources, the IPCC reported in 2018: "Even if there were no anthropogenic changes in climate, a wide variety of natural
weather and climate extremes would still occur." (Page 3: https://www.ipcc.ch/site/assets/uploads/2018/03/SREX-Chap3_FINAL-1.pdf)

The UN has also reported it has low confidence that events such as flooding and cyclones can be attributed to human activity.

Don’t buy the latest climate-change alarmism

The Intergovernmental Panel on Climate Change released its latest report, and reactions from politicians and pundits could not have been more predictable.

nypost.com

Joe Biden’s climate-change plans will burn billions, won’t bring change we actually need

Joe Biden will rejoin the Paris climate agreement soon after being inaugurated as president of the United States. Climate change, according to Biden, is “an existential threat” to the nation, and t…

nypost.com

Rather than relying on alarmist news reports, the people who want to kill the fossil fuel industry should produce an economic analysis of the costs and benefits. That would allow everyone to determine whether the "net zero" pledges are achievable (they aren't) and would set measureable benchmarks.