It’s clear that good science does not support the extreme claims of the climate alarmists. Yes, there is such a thing as climate change, but it’s slow, difficult to predict and almost impossible to model because of the complexity of the process.
The climate alarmists have grabbed most of the headlines for the past ten years, but they are slowly losing the scientific debate as real scientists come forward to debunk their extreme claims. If climate alarmists can’t win elections or prevail based on science, what’s left?
The answer is they will bully corporations and individuals with threats of fines, penalties, and declining stock prices if they don’t fall in line with the extremists. Climate alarmists have had some success getting consultants, regulators, investment managers, and foundation directors to sign-on to various pledges and goals designed to advance their agenda.
Journalists have also been recruited to repeat the alarmist claims ad nauseam and to bully those who disagree. This article is a good example of that kind of threatening behavior.
The consulting firm of Oliver Wyman just published a report warning investors that they should be careful of owning companies that don’t do enough to implement so-called clean energy programs. Wyman warns that those “dirty” companies could end up paying carbon taxes and fines, which could drag down their stock prices and causes losses to investors.
This type of threat is designed to get investors to dump those stocks (hurting executives who rely on high stock prices) or force target companies to adapt the green agenda (or else). What Wyman fails to mention is that there are no carbon taxes. There are no fines for C02 emissions.
Oil and natural gas are the lifeblood of the global economy and will remain so for decades, if not longer. Wyman’s crude attempt at intimidation is laughable. But, they’re not alone and this won’t be the last time you see efforts like this. The climate alarmists are not good at science or politics, but they excel at threats and intimidation.