tag:blogger.com,1999:blog-196554259323465442.post5921406006262226120..comments2023-10-27T03:41:13.171-07:00Comments on Warning Signs: DON'T PANIC!Alan Carubahttp://www.blogger.com/profile/10901162110385985193noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-196554259323465442.post-67142165498300453282008-09-17T06:36:00.000-07:002008-09-17T06:36:00.000-07:00Clive, I was frankly unaware of Lehman Bros. commi...Clive, I was frankly unaware of Lehman Bros. committment to AGW. Time and again, companies that have gone this route have wasted money on policies that are totally unsupported by the science that rebuts the global warming hoax. Being "Green" can be very costly.Alan Carubahttps://www.blogger.com/profile/10901162110385985193noreply@blogger.comtag:blogger.com,1999:blog-196554259323465442.post-12952308407784246222008-09-16T21:49:00.000-07:002008-09-16T21:49:00.000-07:00A little poetic justice, perhaps?Well, Alan, it’s ...A little poetic justice, perhaps?<BR/><BR/><BR/>Well, Alan, it’s happened, Lehman Bros. has gone belly-up and AIG would have followed suit had not your benevolent Fed. not stepped with over $60 Billion to give yet another bail-out to the largest insurance group in the world.<BR/>The vast wealth of the USA just has to hold all and sundry in awe. One has to wonder how far down the seemingly pot-of-gold the Fed. and the gov. have delved in the rescue of its beleaguered financial system and how it will administer sufficient oversight in the future to avoid the massive money-grab perpetrated by this run-away industry.<BR/>One aside comment about Lehman’s operation is derived from an illuminating internal report and named “The Business of Climate Change II.” <BR/>From this it is very obvious that the company had taken the Al Gore Doctrine of AGW and carbon emissions hook-line-and-sinker. It was basing its strategy on AGW climate change and subsequent carbon trading. It was directing some of its business to become the primary brokerage for carbon emission permits. <BR/>Still up on its website (17th Sept, 04.00 GMT) it acknowledges the scientific input from no less a champion of AGW climate change than James Hansen together with a large ‘warmist’clutch of well titled supporters with impeccable credentials. The report leans heavily on the discredited computer modeling data from the IPCC while claiming that there is a broad spectrum of beliefs adding a ‘scientific near-consensus’ in AGW climate change and actually an overwhelming majority believing that the world was warming.<BR/> This report of ninety two pages is all based upon the flawed science of AGW Climate change and harmful carbon emissions. It dismisses the claims of alternative thinkers because they are not scientists.<BR/>I cannot help not suppressing a wry smile of satisfaction that the fourth largest investment bank in the world is now in the financial Valhalla, a carbon emission puff of its former self and the greed that we would like to go with it. I just hope that the Barclay’s $2billion take-over will see the report in the deep six where it belongs. <BR/>It just goes too show that much of industry has really bought into this sharade and what an uphill struggle is required to overcome this dogma. It will be most interesting to see how positions will be changed when the truth plunges them into eskimo suits in June.<BR/><BR/>Clive in Laoag City, PhilippinesAnonymousnoreply@blogger.com