Archives par mot-clé : Green Investment

better to know...?, climate-debate

The UN Green Climate Fund is a wasteful fraud

by D. Wojick, Aug 12, 2026

The UN Green Climate Fund (GCF) is neither Green nor about climate. They are mostly just doing normal foreign aid that the donor countries would be better off doing themselves. They have received and spent over $20 billion to date, with more billions coming.

For example, they fund a lot of water supply systems in dry countries. They call it “climate change adaptation,” but it is not adaptation to climate change. It is addressing a condition that has always existed. It is fraud to call this “climate funding.” The same is true for flood protection in flood-prone areas or improving existing farms, which they also do a lot of.

Moreover, much of this so-called adaptation funding actually increases CO2 emissions, so it is not even green.

A fine example is their biggest funding to date, which is part of the huge Jordan Desalination Project. The GCF says that Jordan is among the world’s driest countries, so it certainly needs water. But Jordan has been this dry throughout its history, so the project has nothing to do with climate change.

Then too, desalination uses lots of electricity, and Jordan’s electric power production is around 70% fossil-fueled, mostly with natural gas. The project includes a token solar facility, but it only covers a small fraction of the 24/7 energy required for desalination and pumping the water up to the users, most of whom are around 1,000 meters higher than the plant.

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energy and fields

Equinor Cut Green Investment In Half

by P. Homewood, Feb 6, 2025 in NotaLotofPeopleKnowThat

Norwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production.

Chief executive Anders Opedal said that the transition to lower carbon energy was moving slower than expected, costs had increased, and customers were reluctant to commit to long term contracts.

Mr Opedal told the BBC he was confident that Rosebank – a giant new oil field in the North Sea – would go ahead, despite a recent court ruling that consent had been awarded unlawfully.

He also warned that gas prices could rise next winter as European gas storage levels were lower now than this time last year.

“We are scaling down our investments in renewables and low carbon solutions because we don’t see the necessary profitability in the future,” Mr Opedal said.

It will cut investments in renewables to $5bn over the next two years, down from about $10bn.

It will also drop a target to spend half of its fixed assets budget on renewables and low carbon products by 2030.

By contrast, Equinor will be increasing oil and gas production by 10% over the next two years.

https://www.bbc.co.uk/news/articles/c1jg7k1kjwyo

This is of course part of a much wider trend, as we saw today with Orsted’s decision to call a halt to offshore wind development. Renewable energy is wholly dependent on govt subsidy, which as President has shown is illusionary.

Incredibly the far-left BBC still believe that “Rosebank is not straightforward”

What could not be more straightforward than a British oil field which could supply ultra cheap oil and gas to the country, sustain thousands of well paid jobs, send millions in tax revenues to the govt, provide an element of energy security and actually reduce emissions in comparison with importing the stuff.

Only the British hating BBC could object to that!

BTW

I cannot help but be reminded what the Xi’s useful idiot, Ambrose Evans-Pritchard said last week, when he said that the world’s investors were chasing green energy because that was where the money was!

Dream on, Ambrose!!!!!!!!!!!!!