Obama Apologizes For America Again, Ushers in the “Breakthrough Energy Coalition”. Shades of the Chicago Climate Exchange?

GW-Summit-600-LIWell, Petulant President Pantywaist has apologized to other countries  on behalf of America…again.

And…just like every time before…no level-headed American asked him to.

The Times of India reports that

President Barack Obama told world leaders who gathered northeast of Paris on Monday for a climate conference that the United States is at least partly to blame for the life-threatening damage that environmental change has wrought, and he urged world leaders to join him in fixing the problem.

“I’ve come here personally, as the leader of the world’s largest economy and the second-largest emitter,” Obama said, “to say that the United States of America not only recognizes our role in creating this problem, we embrace our responsibility to do something about it.”

In a speech interrupted by repeated beeps warning that he had exceeded his time limit, Obama said in Le Bourget that the climate conference represented an important turning point in world history because the leaders attending the meeting now recognize the urgency of the problem.

“No nation — large or small, wealthy or poor — is immune,” he said.

The greatest threat to reaching a binding climate accord may be a loose coalition of developing nations, led by India, who argue that they should not be asked to limit their economic growth as a way of fixing a problem that was largely created by the others, and Obama conceded that point.

“We know the truth that many nations have contributed little to climate change but will be the first to feel its most destructive effects,” he said.

He promised money to help the poorest nations transition to economies that depend less on burning fossil fuels, but he said a delay was not acceptable.

“For I believe, in the words of Dr. Martin Luther King, Jr., that there is such a thing as being too late,” Obama said. “And when it comes to climate change, that hour is almost upon us.”

Obama also repeated an argument, lampooned by some Republicans, that the climate conference was a fitting response to the terrorist attacks that cost the lives of 130 people in and around Paris on Nov. 13.

“What greater rejection of those who would tear down our world than marshaling our best efforts to save it,” he said.

About 150 world leaders were expected to gather at the opening of the talks in a heavily guarded convention center as a show of encouragement and support for efforts to forge a historic agreement to jointly curb greenhouse-gas emissions, in an effort to stave off the worst effects of climate change.

Obama has staked much of his legacy on ensuring success here, spending much of the past year courting the leaders of China, India and other major emitters in hopes they would finally agree to slow their rapidly rising use of coal and other carbon-intensive fuels.

President Francois Hollande of France greeted Obama just eight hours after the two paid a surprise late-night visit to the Bataclan, the concert hall where dozens of people were killed on Nov. 13, as part of a coordinated series of attacks in and around Paris.

At the brief visit last night, Obama, Hollande and Anne Hidalgo, the mayor of Paris, each laid a white rose before standing in silence in front of the building for several minutes.

Shortly after his arrival, Obama met with President Xi Jinping of China in a meeting of the leaders of the world’s two largest carbon-polluting countries.

Citing climate change as “a huge challenge,” Xi said it was “very important for China and the United States to be firmly committed to the right direction of building a new model of major country relations,” including by “partnering with each other to help the climate conference deliver its expected targets.”

The Breakthrough Energy Coalition, a group of business and philanthropy leaders led by the Microsoft founder Bill Gates who have a combined total of $350 billion in private wealth, have pledged to invest in moving clean-energy technologies from laboratories to the marketplace.

About this “Breakthrough Energy Coalition”…

The Business Insider reports that

Bill Gates, Mark Zuckerberg, Jeff Bezos, and a roster of other high-profile tech figures are launching a new organisation designed to invest in renewable energy technologies. 

It is called the Breakthrough Energy Coalition, and says its aim is to create “a network of private capital committed to building a structure that will allow informed decisions to help accelerate the change to the advanced energy future our planet needs.”

Announced ahead of a major UN climate change conference in Paris this week, the coalition’s members say that enough isn’t being done from established organisations to drive forward research and investment into clean energy.

Writing on Facebook late Sunday night, Facebook CEO Mark Zuckerberg said that “solving the clean energy problem is an essential part of building a better world … yet progress towards a sustainable energy system is too slow, and the current system doesn’t encourage the kind of innovation that will get us there faster.”

Likewise, the Coalition’s website says that “the existing system of basic research, clean energy investment, regulatory frameworks, and subsidies fails to sufficiently mobilize investment in truly transformative energy solutions for the future. We can’t wait for the system to change through normal cycles.”

In short: Established investors are moving much too slowly towards the renewable energy, and it’s too important to wait for that to sort itself out naturally.

Among the other “Investors” in this new “coalition” are the Puppetmaster himself, George Soros and fellow “Billionaire Philanthropist” Tom Steyer.

Which is interesting, because Breitbart.com’s Steve Milloy reported back on August 17th that

U.S. Securities and Exchange Act filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies. As pointed out last week, both companies have been driven perilously close to bankruptcy by the combination of President Obama’s “war on coal” and inexpensive natural gas brought on by the hydrofracturing revolution.

Under the hypothesis that not even socialists would leave trillions of dollars worth of a perfectly safe and clean energy source in the ground for the sake of the imaginary “climate crisis,” I posited that once the existing coal industry ownership was wiped out by President Obama’s regulatory onslaught, a new politically correct ownership would rehabilitate the fuel by contributing to Democrats.

Enter George Soros, a hardball investor and philanthropist to myriad left-wing causes, including the activist and “clean energy” rent-seeking movements that have helped take down the coal industry. In 2009, for example, Soros announced he would spend $1 billion in “clean energy” technology and create a San Francisco-based advocacy organization called the Climate Policy Initiative.

Less than a year ago the Soros’ Climate Policy Initiative issued a major report concluding that the world could save $1.8 trillion over the next two decades by transitioning away from coal. The report referred to coal reserves as “stranded assets” that were losing value as they were no longer needed.

What a difference a few months makes, especially when those months have seen coal company stocks fall to fire sale prices. So far the size of Soros’ coal investment seems so far relatively small (Peabody has 248 million shares of stock outstanding), but the reports available only cover up to the quarter ending on June 30.

It’s possible that Soros is only looking for a “dead cat bounce” from his Peabody and Arch Coal investments, but the companies together have provable coal reserves of about 11 billion tons, worth hundreds of billions of dollars. I doubt the shrewd Soros is looking to make just a few million dollars on these investments.

Soros isn’t the only leftist shark in the water.

There’s billionaire hedge fund operator Tom Steyer who committed to spend $100 million in 2014 to elect anti-coal, climate alarmist-friendly politicians. Though he failed miserably, he has re-upped for the same program in 2016. Yet Steyer’s dirty secret is that, despite his protestations of concern about the climate, he’s made a fortune from coal production in Indonesia over the past 15 years. It’s easy to imagine some Steyer-steered investment vehicle rescuing sinking coal companies under the guise of turning coal into “clean energy” business. Though the current coal industry trial and failed miserably to do re-brand itself as “clean,” with the right politics and the right payoffs, Steyer no doubt could pull off that trick.

Boys and girls, as the late, great Yogi Berra used to say, this may very well be

Deja vu…all over again.

The Chicago Climate Exchange was North America’s only voluntary, legally binding greenhouse gas reduction and trading system for emission sources and offset projects in North America and Brazil.

It all began with the Joyce Foundation.  This foundation started as the financial back-up plan of a widow whose family had made millions in the lumber industry.

After her death, it was run by philanthropic people who increasingly dedicated their giving to Liberal causes, including gun control, environmentalism and school changes.  It has grown over the years until it is now bigger than the TIDES Foundation and actually funds it.

The Joyce Foundation in 2000 and 2001 provided the capitol outlay to start the Chicago Climate Exchange. It started trading in 2003, and what it traded was, believe it or not, air.

Barack Obama served on the board of the Joyce Foundation from 1994 to 2002 . What a coincidence, that, as president, pushing cap-and-trade was one of his highest priorities, huh?

Back on 6/29/09, canadafreepress.com reported that

If we follow the time line on where Obama was during the funding of the Chicago Climate Exchange, he was still a lecturer at the University of Chicago Law School teaching constitutional law, with his law license becoming inactive a year later in 2002.

It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.

What a flap when it was discovered that the senator from Chicago had nursed on Saul Alinsky’s milk, had his political career launched at a coffee party held by domestic terrorist Bill Ayers, and sat for 20 years, uncomplaining in front of the “God-dam-America pulpit of resentment-challenged Jeremiah Wright.

Folk were naturally outraged that the empty suit who would go on to become TOTUS was spawned from such anti-American activism.

But the media should have been hollering, “Stop Thief!” instead.

The same Chicago Climate Exchange promoting public rip-off was funded by Obama before he was POTUS.

Even as man-made global warming is being exposed as a money-generating hoax, Obama is working feverishly to push the controversial cap-and-trade carbon reduction scheme through Congress.

Fortunately for our nation, Obama’s Cap and Trade Bill failed to leave the Senate in July of 2010, leading the Chicago Climate Exchange to close up shop in November of 2010.

However. to this very day, Obama is still relentlessly pursuing “Climate Change”, which the majority of Americans, in poll after poll, have stated is not a National Priority.

And, a group of Investors, among whose number are friends and benefactors of Obama, have formed another group, for the stated purpose of “Duty and Humanity”, in order to, as the Chicago Climate Exchange was going to, “assist in the fight against Climate Change”.

Coincidence?

I think not.

Until He Comes,

KJ

 

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One Response to “Obama Apologizes For America Again, Ushers in the “Breakthrough Energy Coalition”. Shades of the Chicago Climate Exchange?”

  1. Obama Apologizes For America Again, Ushers in the “Breakthrough Energy Coalition”. Shades of the Chicago Climate Exchange? | Rifleman III Journal Says:

    […] Source: Obama Apologizes For America Again, Ushers in the “Breakthrough Energy Coalition”. Shade… […]

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