American Elephants


Matt Ridley, On The Greening of the Planet. by The Elephant's Child

This video is a year old this month, but the very clear message seems not to have reached the true believers, so I’m re-posting it.  Apple CEO Tim Cook has just told global warming skeptics to “get out of this stock.” In essence, he told every Apple shareholder to take a hike and waved away any potential investors.

When Mr. Cook met with shareholders on Friday, a group proposed that the company be more open about its environmental activism and more transparent about the costs it incurs as it increases its dependence on renewable energy. “If you want me to do things only for ROI (return on investment) reasons, you should get out of this stock,” he said.

What he was saying is that profit is overrated, and if you aren’t interested in a warm feeling from political activism, you are misdirected. Cook succeeded Steve Jobs in 2011, and Apple has gone for fighting global warming in a big way, tripling the use of renewable energy for its offices to 75%, The goal is to go 100% renewable.

Unfortunately, comparing costs is interesting. The cost per megawatt hour of a new natural gas power plant averages $66, while the tab for wind is $96, and solar photovoltaic $153, and solar thermal $242. It not only costs way more, it doesn’t do anything whatsoever to stop the natural warming and cooling of the planet. And you may have noticed that cooling is the current mode. There has been no warming for over 17 years.

European countries are becoming aware of the vast drag on their economies from their investment in “renewable” energy. Germany is realizing that its Energiewende — its radical energy policies — cost taxpayers €22 billion last year alone, making businesses uncompetitive.

True believers aren’t interested in facts, but are hell-bent on saving the planet. It’s a religious belief, and it’s adherents are cult-like in their devotion.

Over the past three decades, our planet has gotten greener!

Even stranger, the greening of the planet in recent decades appears to be happening because of, not despite, our reliance on fossil fuels. While environmentalists often talk about how bad stuff like CO2 causes bad things to happen like global warming, it turns out that the plants aren’t complaining.




Follow

Get every new post delivered to your Inbox.

Join 6,712 other followers

%d bloggers like this: