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#Post#: 17238--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: January 18, 2022, 5:11 pm
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Make Nexus Hot News part of your morning: click [i]here
HTML https://climatenexus.org/hot-news/
to subscribe.[/i]
January 18, 2022
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[center]Conservative Media Accidentally Admits Conservative
Climate “Solution” Is Costly Failure[/center]
Carbon dioxide removal is the process of removing carbon
pollution from the atmosphere via natural and technological
methods, and will be an important tool for restoring a safe
climate — once we’ve pretty much stopped sending more carbon
dioxide into the atmosphere.
Carbon capture and storage/sequestration (CCS), on the other
hand, refers to scrubbing the carbon dioxide out of the
emissions from fossil fuel plants, and is essentially a pipe
dream that the fossil fuel industry invokes to pretend its
continued existence is compatible with a stable climate, which
it’s not. CCS is also a major part of the policy platforms of
conservatives who want you to think they care about climate
change (but not enough to actually reduce fossil fuel extraction
or pollution).
Late last year, the Government Accountability Office published a
report showing the $1.1 billion spent on CCS by the Department
of Energy since 2009 was largely wasted. That money was for 11
projects, of which only three were built (the other eight were
cancelled). And because managers at the DOE waived some cost
controls, the government spent an additional and unnecessary
$300 million on four of the unbuilt CCS projects. The single CCS
project at a coal-fired plant that actually got built was the
US’s only real CCS facility — and it shut down in May of 2020.
Federal investments for CCS are greenwashing – they are simply
fossil fuel subsidies >:( by another name,” Grassroots Global
Justice Alliance policy director Adrien Salazar told The Verge.
HTML https://www.theverge.com/2021/12/30/22860207/carbon-capture-coal-plants-wasted-federal-dollars-watchdog-gao?utm_campaign=Hot%20News&utm_medium=email&_hsmi=201172662&_hsenc=p2ANqtz--RLS0sxCirp5L_4YP6aEy_4LmgLoL5xXIr2rmBy7U296UJ-0JF4RFCT_uwFkK1ldBkX5yA3gpPUOeurJhcTsK1tR1uHQ&utm_content=201172662&utm_source=hs_email<br
/>
Nevertheless, CCS still enjoys ample support from conservatives
who want to pretend like they care about climate change, and
Democratic coal barons like Joe Manchin (D-ALEC).
In response to the GAO report detailing how the
conservative-loved program is rife with government waste, the
Carbon Capture Coalition tried to do some damage control, and
apparently sent out a press release the conservative Washington
Examiner ran with, about how they’re trying to “correct the
record” and insist the technology is still worthwhile.
Over at the Daily Caller, though, Energy and Environment
reporter Thomas Catenacci apparently hasn’t gotten the full memo
on CCS being the climate policy conservatives pretend to
support, and instead just covered last month’s GAO report just
this week, with a frame of government waste for trying to reduce
carbon emissions!
Now to be fair, the government should be investing tons of money
in viable climate solutions as well as risky ones the private
sector won’t yet risk investment in (Hi, Solyndra, we haven’t
forgotten you!) because government support for emerging
technologies can yield massive benefits. But when things like
CCS fail, as they have over, and over, and over, and over, and
over, and over, and over, and over, that should be a sign to
stop burning coal mine dump trucks full of money chasing them.
Those billions of dollars, instead of getting wasted on unbuilt
CCS plants meant to keep coal hobbling along, could have paid
for something like 50,000 home solar systems, which tend to be
much more costly than utility-scale renewables. And on that, for
example, Biden’s DOE in 2021 announced just $128 million in
funding to cut the cost of solar by 60%. Think of what ten times
that much money could accomplish!
For another comparison, in 2020, a billion dollar deal got BP a
50% stake in two offshore wind projects big enough to power two
million homes — a much better deal than getting a bunch of
failed projects that (had they not failed) would have just
continued to allow coal plants to pollute anyway.
A billion dollars is also how much MidAmerican Energy planned to
spend in Iowa to replace old wind turbines and add a thousand
new ones, adding up with the rest of their fleet to generate
enough clean energy to power 95% of MidAmerican Energy
customers’ needs.
Unfortunately, the bipartisan infrastructure package passed last
year shells out another $3.5 billion on even more 🦖
[img
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HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-130418193910.gif[/img]carbon<br
/>capture demonstration projects. [img
width=40]
HTML https://renewablerevolution.createaforum.com/gallery/renewablerevolution/2/3-300919160019-22721213.gif[/img]
CCS has had plenty of time for demonstration projects, and all
they’ve demonstrated is how to waste billions of dollars on
useless technology.
But yay, bipartisanship, right?
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#Post#: 17320--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: February 23, 2022, 3:35 pm
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I am posting this here because the blatant efforts of the
"Federal" Reserve Board market manipulators to keep the
hydrocarbon industry stocks from a well deserved tanking over
the last 6 years constitutes a de facto MASSIVE invisible
SUBSIDY that YOU and I are being FORCED to fund indirectly.
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-040718162656-14241872.gif
HOW can that be if you don't own or buy any hydrocarbon industry
stocks?
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/1/3-210818163123-16662165.gif
You see, the Fed buys these stocks with "ex nihilo" money. "Ex
nihilio" is from latin, meaning "from nothing". The Fed is
authorized to electronically "print" money to buy or sell
whatever they want to buy or sell, ostensibly for the "good" of
the US government.
They "finance" the ex nihilo money creation by "selling" bonds
to we-the-people (i.e. the US Treasury Department).
We-the-people than have the obligation of paying principal AND
interest to the 1% who OWN the "Federal" Reserve Board at
whatever interest rate the Fed sets.
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/>width=180]
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To make a long story of 🎩 elite legalized counterfeiting
to pick💰🦖😈 winners and shaft everyone
else short, this causes a 🎩 few people with a lot of
stocks to have lots of new money in their pockets, which they
spend into the economy. By the time we-the-people get some
"trickle down" from all this new money, the value of the money
itself has been reduced. This is called inflation. The elite
greedballs who first got the money were able to use it BEFORE
the inflation hit from THEIR use of that money. So, the rich get
richer and everyone else gets debased currency.
Economist Keynes had something to say about that:
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While it is true that hydrocarbon industry stocks are not the
only beneficiary of this invisible subsidy SCAM, their profit
over people and planet MO makes this grand larceny by the Fed
all the more injurious to our civilization.
The fourth most viewed graphic in my gallery is from 2016
(Views: 590 Date: August 08, 2016, 06:47:20 pm By: AGelbert.)
Here it is:
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Today I prepared a similar graphic to show you that the totally
unjustified rigged jacking up of hydrocarbon stocks is more
pronounced than ever!
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width=640]
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The following two graphics are the second and first most viewed
graphics in the gallery. I post them to show you that good
people do understand that the hydrocarbon industry business
model is a death sentence for ALL of us AND that we are being
deliberately and methodically lied to about what is really going
on by EVIL humans corrupting TPTB:
[center]Natural 🦕 Gas Bridge to nowhere 👉 Views:
818 Date: July 27, 2018, 06:25:09 By Agelbert[/center]
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width=640]
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Agontology 2 👉 Views: 2120 Date: March 18, 2015,
06:56:56 pm By: AGelbert
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[center]Agnotology The [img
width=20]
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/> Making and Unmaking of Ignorance
HTML http://renewablerevolution.createaforum.com/who-can-you-trust/resisting-brainwashing-propaganda/msg16541/#msg16541[/center]
[move][font=impact]The 🦕🦖 Hydrocarbon 👹
Hellspawn Fossil Fuelers DID THE Clean Energy Inventions
suppressing, Climate Trashing, Government corrupting, human
health depleting CRIME. Since [Color=Brown]they have ALWAYS BEEN
liars and conscience free [img
width=30]
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/2/3-200419205214.png[/img][img<br
/>width=50]
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-130418193910.gif[/img]crooks,<br
/>they are trying to AVOID [/color]DOING THE TIME or PAYING THE
FINE! Don't let them get away with it! Pass it on![/font] [img
width=30]
HTML https://renewablerevolution.createaforum.com/gallery/renewablerevolution/2/3-300919160023-2284203.png[/img][/move]
[center][img
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HTML http://renewablerevolution.createaforum.com/styles/renewablerevolution/files/3076_Independence%20from%20Fossil%20Fuels.png[/img][/center]
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