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The dangers of emission standards
Wendelin Wiedeking, the Chief Executive of Porsche and Übergeneralfeldwebel of Joint Luftverschmutzung Kommand (mobile division) paused for a moment. He inhaled deeply on a cloud of exhaust fumes, donned a pair of goggles, released the clutch, and declared war on … Continue reading
Posted in Humour, The Chronicles of Nat Eb
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Real professionals
First Douglass Lyon of Lyon Capital Management, then Edward Guay of Winterbury Risk Management. Both have recently had letters published in the Financial Times critical of the promotion of awareness and action on climate change. Jolly good that this movement … Continue reading
Posted in Scepticism and denial
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What 2007 might bring
January: RWE announces the shutting down of all its coal-fired plants with immediate effect. “Survival has to come first, profit second”. German power prices see record levels. February: George Bush’s skiing trip is cancelled. No snow in Aspen. March: UK … Continue reading
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Codswallop from Wall Street
Affecting a degree of distance from something is an easy way to belittle it. For example, those Americans who still can’t bring themselves to swallow hard and just say “greenhouse gasses”, love to use the adjective “so-called” when referring to … Continue reading
Free riders getting hot under the collar
A lot of folk are getting antsy as the financial cost of emissions controls slowly dawns on them. Entire industries are going to be restructured, as some asset values collapse under the weight of environmental externalities, and others soar on … Continue reading
Posted in Scepticism and denial
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