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‘Absolute Genius’: How Three Alarmist Billionaires Bankrolled The Fake Climate Catastrophe

by Chris Morrison
April 16, 2024, 10:11 AM
in Extreme Weather, News and Opinion
Reading Time: 5 mins read
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michael bloomberg

Do you think that the constant catastrophizing of weather and climate in the mainstream media, politics, and science has just appeared by accident? [emphasis, links added]

Over the last few years, the BBC and the Guardian, [working] as of one mind, decided to float improbable ‘tipping point’ scares under cover of ‘scientists say’, while UN officials concluded that we had two years to save a ‘boiling’ planet and the ubiquitous ‘Jim’ Dale has been given free rein to make it up as he goes along on Talk TV and GB News.

Of course, all this didn’t suddenly happen.

Each of these examples is a testament to an extraordinary corruption of the true scientific process – an “amazing tale” according to political science writer Roger Pielke Jr., “a story of how wealth and power sought to shape climate science in pursuit of political goals.”

The main culprit in this amazing tale will not be unknown to regular readers of the Daily Sceptic and it is the improbable scenario of RCP8.5.

This has been promoted as a ‘business as usual’ set of scientific, economic, and societal assumptions and it suggests a temperature rise of up to 4°C in less than 80 years.

Although downgraded by the UN’s Intergovernmental Panel on Climate Change of late as “low likelihood”, it is still estimated to be behind about 50% of the climate-modeled ‘impacts’ highlighted over the entire scientific literature.

Almost all the claims of climate Armageddon and economic disaster peddled by those identified in our first paragraph are based on RCP8.5 input.

It is a tale of how three wealthy men bankrolled a project to promote an extreme scenario to guarantee that the economic impact of climate change they projected into the future would be “eye-poppingly large.”

It will also not be a surprise to learn that the billionaire green activist Michael Bloomberg has played a key role over the last decade in lifting this implausible pathway to underserved prominence.

Notes Pielke: “It’s a story of privilege and conceit – the privilege in American democracy that accompanies being mindbogglingly wealthy, and the conceit that climate policies can best be pursued by corrupting the scientific literature on climate change.”

Hank Paulson

In 2012, three wealthy men, Bloomberg, hedge fund manager Tom Steyer, and former CEO of Goldman Sachs Hank Paulson chipped in $500,000 each to fund a project “making the climate threat feel real, immediate and potentially devastating to the business world.”

An early funded report was part-titled ‘Risky Business’ and it focused on RCP8.5 “as the pathway closest to a business-as-usual trajectory”. The pathway was said to be “closest to a future without concerted action to reduce future warming.”

In Pielke’s view, the authors of the ‘Risky Business’ report made two significant methodological mistakes. They characterized the extreme RCP8.5 scenario as ‘business as usual’ and suggested the world could move from one scenario to another.

As Pielke notes, the four different scenarios are independent with, for instance, RCP2.5 assuming a world with three billion people fewer than RCP8.5.

Both of the mistaken methodological choices were said to be contrary to the appropriate use set by the people who created them.

The “genius” of ‘Risky Business’ was it undertook a “sophisticated campaign” to introduce its methodological ideas into the mainstream scientific literature, “where they would take on a life of their own”.

In 2016, a paper from the ‘Risky Business’ project was published in the prestigious journal Science featuring the erroneous notion of moving from one RCP scenario to another.

Despite the obvious methodological flaw, notes Pielke, the paper passed peer review with little or no criticism, and to date has been cited more than 1,100 times.

Tom Steyer

“Hundreds, maybe thousands of papers followed similarly in adopting the same assumption of moving between incommensurate scenarios”, observes Pielke.

A year later, Science published another study from ‘Risky Business’ with the bizarre suggestion that the United States would see a 10% hit to its economy under the most extreme version of RCP8.5, with an incredible 8°C rise in temperatures by the end of the century.

This prominent paper has been cited more than 1,100 times in other studies and, noted Piekle, the 10% GDP loss would become the top-line conclusion of the U.S. National Climate Assessment the very next year.

“Publishing papers in the academic literature based on the flawed ‘Risky Business’ methods was a formula that would be repeated time and time again. Like the introduction of a virus, the misleading reinterpretation of climate scenarios expanded throughout climate science,” states Pielke.

The work begun by Bloomberg-Steyer-Paulson was subsequently taken up by a group called Climate Impact Lab, a collaboration of ‘Risky Business’ leaders and several universities.

According to Pielke, Climate Impact Lab has thrived on using RCP8.5 to generate a steady series of media-friendly studies projecting extreme climate impacts.

Among them are stories suggesting rising sea levels could swamp major cities and displace almost 200 million people, while a rise in climate-related deaths will surpass all infectious diseases.

All backed, of course, by ‘scientists say’.

Pielke concludes that there is no hidden conspiracy – “all of this is taking place in plain sight”.

The political advocacy was “absolute genius” – a well-funded effort to fundamentally change how climate science was reported in the media, and ultimately how political discussion and policy options are shaped.

“This effort has been phenomenally successful,” says Pielke – or as we might put it, the complete Dale-ification of most climate and net zero debate has been achieved.

Top image of Michael Bloomberg via YouTube/screencap

Read more at Daily Sceptic

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Comments 4

  1. Sean Galbally says:
    1 year ago

    NET ZERO FOLLY
    As most self respecting scientists know, man-made carbon dioxide has virtually no effect on the climate. It is a good gas essential to animals and plant life. Provided dirty emissions are cleaned up, we should be using our substantial store of fossil fuels while we develop a mix of alternatives including nuclear power to generate energy. There is no climate crisis, it has always changed and we have always adapted to it. In the Ordovician ice age atmospheric carbon dioxide levels were 4000 ppm and have been 15 times higher than now. There was no industrial revolution then to be the cause . The present quantity of man-made carbon dioxide is insignificant compared with water vapour or clouds which comprise a vast majority of green-house gases. We have no control over the climate. The sun and our distance from it have by far the most effect. Most importantly, Net Zero (carbon dioxide) Policy will do nothing to change it. Countries like China, Russia and India are sensibly ignoring this and using their fossil fuels. They will be delighted at how the west is letting the power elites, mainstream media and government implement this Policy and the World Order Agenda 21, to needlessly impoverish us as well as causing great hardship and suffering.

  2. Col Harkin says:
    1 year ago

    People with half a brain will look out the window to see what’s happening to the weather / climate – whatever they want to call it. Just so happens that here at our place, we haven’t had a normal hot summer since end fof 2018/19

  3. Sonnyhill says:
    1 year ago

    What happened to the cautionary “Believe nothing of what you hear and half of what you see” ? Something has gone wrong with humanity, they’re mentally lazy and don’t sort things out for themselves. I can remember a line “They wouldn’t say it if it wasn’t true” oh yes they would.

  4. SPURWING PLOVER says:
    1 year ago

    There’s more then just the Eco-Freaks and Trial Lawyers making money of this Global Warming Scam

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