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Fossil Fuel Divestment Farce

A Culture of Imbeciles

May 1, 2015

by Jay Taber

McKibben and Steyer March-7

Above: Tom Steyer (left) and Bill McKibben (center). Peoples Climate March, September 21, 2014

 

As investigative journalist Cory Morningstar reports, fossil fuel divestment is a farce. Fossil fuel divestment — promoted by 350 — targets only publicly traded stocks; but pension funds targeted by the 350 divestment campaign invest hundreds of billions in privately traded securities, such as hedge funds and private equity, that are heavily invested in fossil fuel production–including fracking.

Compromising the 350 divestment campaign is the fact it has received hundreds of thousands of dollars from hedge fund managers like Jeremy Grantham and billionaire Tom Steyer, who has major investments in fossil fuels. Steyer’s Farallon Capital was, in fact, a target of 350, until he bought their silence.

Grantham, meanwhile, donated millions to buy the support of Sierra Club, Nature Conservancy, Environmental Defense Fund and Greenpeace. As usual, the 350 Climateers are clueless about how they are being used by fossil fuel investors to undermine democracy and the environmental movement.

 

[Jay Taber is an associate scholar of the Center for World Indigenous Studies, a correspondent to Forum for Global Exchange, and a contributing editor of Fourth World Journal. Since 1994, he has served as communications director at Public Good Project, a volunteer network of researchers, analysts and activists engaged in defending democracy. As a consultant, he has assisted indigenous peoples in the European Court of Human Rights and at the United Nations. Email: tbarj [at] yahoo.com Website: www.jaytaber.com]

 

McKibben’s Divestment Tour – Brought to You by Wall Street | Part IX: Mainstreaming Sustainable Capitalism

April 30, 2015

By Cory Morningstar

[Part I of this series, McKibben’s Divestment Tour – Brought to You by Wall Street, can be found here. Part II, Part III, Part IV, Part V, Part VI, Part VII, Part VIII]

“Sometimes people hold a core belief that is very strong. When they are presented with evidence that works against that belief, the new evidence cannot be accepted. It would create a feeling that is extremely uncomfortable, called cognitive dissonance. And because it is so important to protect the core belief, they will rationalize, ignore and even deny anything that doesn’t fit in with the core belief.” ? Frantz Fanon, Black Skin, White Masks

Prologue: A Coup d’état of Nature – Led by the Non-Profit Industrial Complex

It is somewhat ironic that anti-REDD climate activists, organizations (legitimate grassroots organizations do exist) and self-proclaimed environmentalists, who consider themselves progressive, while speaking out against the commodification of nature’s natural resources also simultaneously promote the divestment campaign. It’s ironic because the divestment campaign will result (succeed) in a colossal injection of money shifting over to the very portfolios heavily invested in, thus dependent upon, the intense commodification and privatization of Earth’s last remaining forests (via REDD), water, etc. (environmental “markets” ). This tour de force will be executed with cunning precision under the guise of environmental stewardship and “internalising negative externalities through appropriate pricing.” Thus, ironically (if in appearances only), the greatest surge in the ultimate corporate capture of Earth’s final remaining resources is being led, and will be accomplished, by the very environmentalists and environmental groups that claim to oppose such corporate domination and capture.

Beyond shelling out billions of (tax-exempt) dollars (i.e., investments) to those most accommodating in the non-profit industrial complex (via foundations), the corporations need not lift a finger; the feat is being carried out by both the legitimate and the faux environmentalists in tandem with an unsuspecting public … a public with almost no comprehension of 1. the magnitude of our ecological crisis 2. the root causes of the planetary crisis, or 3. the non-profit industrial complex as an instrument of hegemony.

The commodification of the commons will represent the greatest, and most cunning, coup d’état in the history of corporate dominance – a fait accompli extraordinaire of unparalleled scale, with unparalleled repercussions for humanity and all life.

Further, it matters little whether or not the money is moved from direct investments in fossil fuel corporations to so-called “socially responsible investments.” The fact of the matter is, all corporations on the planet (thus all investments on the planet) do and will continue to require massive amounts of energies (including fossil fuels) to continue to grow and expand ad infinitum – as required by the industrialized capitalist economic system.

The windmills and solar panels serve as the beautiful (marketing) imagery, yet they are somewhat illusory – the veneer for the commodification of the commons, which is the fundamental objective of Wall Street, the very advisers of the divestment campaign.

Thus we find ourselves unwilling to acknowledge the necessity to dismantle the industrialized capitalist economic system, choosing instead to embrace an illusion designed by corporate power.

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Al Gore and David Blood

Blood & Gore Generation: of Commodification, Privatization, and Indoctrination

“Between 2008 and 2011 the company had raised profits of nearly $218 million from institutions and wealthy investors. By 2008 Gore was able to put $35 million into hedge funds and private partnerships through the Capricorn Investment Group, a Palo Alto company founded by his Canadian billionaire buddy Jeffrey Skoll, the first president of eBay Inc.” — Forbes, November 3, 2013

 

“Civil society has a central role in accelerating the transition towards Sustainable Capitalism. NGOs must take a 360-degree approach to the process of mainstreaming Sustainable Capitalism, realising their ability to influence stakeholders in every part of the business ecosystem. NGOs must engage with investors, companies, regulators and policy makers to encourage the rapid and effective adoption of Sustainable Capitalism through campaigns, lobbying efforts and partnerships with the private sector.” — Sustainable Investment Paper, Generation, February 15, 2012

For an accurate grasp of the true objective behind a national/international marketing campaign (the Keystone Pipeline campaign is another fine example), one is wise to bypass the non-profit industrial complex (NPIC) in its entirety and go directly to researching the investment firms and corporations who are set to increase market share and reap billions in profits via such campaigns. Campaigns funded by foundations (set up by the oligarchs) serve and protect the system with well-oiled precision. Billions of dollars funnelled into the NPIC laundering machine, on which corporations would be taxed otherwise, have never been such a sound and secure investment.

Perhaps the most telling and revealing of the world the NPIC wishes us to embrace is the investment firm recommended by 350.org et al: Generation. [PDF: A Complete Guide to Reinvestment] Under the section “What types of reinvestment exist?, Mutual Funds,” the top two examples listed (four in total) are 1) Generation Investment Management Climate Solutions Fund II and 2) Generation Investment Management Credit Fund.

“We are advocates for Sustainable Capitalism…. The first, which is our principal platform for activity, is a partnership model whereby we collaborate with individuals, organizations, and institutions in our effort to accelerate the transition to a more sustainable form of capitalism. In addition, the Foundation also supports select grant-giving related to the field of Sustainable Capitalism, engagement with the local communities where we operate, and an employee gift-matching program.” — Generation Foundation

Generation is an independent, private, owner-managed partnership with offices in London and New York. The firm was co-founded in 2004 by Al Gore and David Blood. From 1985 to 1999, Blood served in various positions at Goldman Sachs Group, Inc. From 1999 to 2003, Blood served as a Co-Chief Executive Officer and Managing Director of Goldman Sachs Asset Management. Blood served as a director of Goldman Sachs International. Blood sits on many boards including his director position held at NewForests (“establishes US presence in May 2007 to capitalise on growing investment interest in environmental markets in the US”). Its investment strategies focus on forests, timberland, and environmental markets; “NewForests have a limited number of private accounts clients to develop particular project and policy expertise in reducing emissions from deforestation and degradation (REDD) in other countries.” (REDD and Biomass). Blood also holds a position as director of The Nature Conservancy, the revolving door for Goldman Sachs executives. [Blood’s full bio].

Mark Ferguson, Peter Harris, Peter Knight and Colin Mark Le Duc are also co-founders of Generation Investment. Both Ferguson and Harris held prestigious positions at Sachs. Al Gore is Co-Founder, Chairman, and Partner of The Climate Solutions Fund of which Marc Le Duk is also a co-founder.

Generation is largely an institutional investment management firm, operating at the wholesale level (major pension funds, foundations, etc). The corporatocracy and covertness behind such investing is apparent when one considers the fact that law restricts the amount of information that firms (that focus on institutional clients) can provide, to “ensure that the general public is not enticed into investing in unsuitable and overly complex products”. [1]

“Mainstreaming Sustainable Capitalism by *2020 will require independent, collaborative and voluntary action by companies, investors, government and civil society, which we hope to accelerate by advancing the discourse on the economic benefits of sustainability.” — Sustainable Investment Paper, Generation, February 15, 2012

[*David Blood: “…we say in our paper 2020, the truth is we have a view that it really needs to happen by 2015 – otherwise we are increasingly in trouble.” Breakthrough Capitalism Forum lecture, May 29, 2012]

A key area of focus is to ensure the capitalist system is kept intact; to establish the acceptable parameters of the “market revolution.” In particular, in concise language, Blood and Gore make it exceptionally clear that alternatives to the suicidal capitalist system need not, should not and will not be considered:

“Capitalism has great strengths and is fundamentally superior to any other system for organising economic activity. It is more efficient in allocating resources and in matching supply and demand. It is demonstrably effective in wealth creation. It is more congruent with higher levels of freedom and self-governance than any other system. It unlocks a higher fraction of the human potential with ubiquitous, organic incentives that reward hard work, ingenuity, and innovation. These strengths are why it is at the foundation of every successful economy.

 

“Critically, capitalism has proven itself to be adaptable and flexible enough to fit the specific needs of particular countries. Capitalism comes in many forms, from that practised in the US to the very different model that has been adopted within communist China. The causes and consequences of these variations are, of course, significant – but the more important fact remains: the mainstream debate is about how to practise capitalism not whether we should choose between capitalism and some other system.” [Emphasis added] [Source]

Generation Investment is acknowledged for its contribution in the May 2013 41-page document Institutional Pathways to Fossil-Free Investing in collaboration with Phil Aroneanu and Jamie Henn of 350.org, Bob Massie of the New Economics Institute and others interconnected within this campaign. The sponsors listed are 350.org, Responsible Endowments Coalition (REC), Sustainable Endowments Institute and Tellus Institute. [2]

“By Year Five of the simulation, the portfolio has become fossil free and its five-percent targeted reinvestment has been allocated, across a variety of asset classes, as shown in Figure 4. Half of the target (2.5 percent of the entire portfolio) can be re-allocated to sustainable, fossil-free domestic and international public equities, through existing strategies with investment managers such as Generation Investment Management, Impax Asset Management, Portfolio 21, and Trillium Asset Management, among others.” — Institutional Pathways to Fossil-Free Investing

Video: Ceres lecture featuring Bill McKibben with David Blood:

https://vimeo.com/66321774

Generation’s key action is “to accelerate mainstreaming Sustainable Capitalism.” Insight into the coming corporate capture / commodification of the commons via the global implementation of “payments for ecosystem services” (PES) is made clear under the Current Initiatives section where it is stated: “Until there are policies that establish a fair price for widely understood externalities, academics and financial professionals should strive to quantify the impact of stranded assets and analyze the subsequent implications for assessing investment opportunities.” [Emphasis added.]

The top three sectors of focus for Generation are key to how the 21st century is being shaped: 1) Agricultural and Forestry Solutions (think genetic engineering, biomass burning, land grabs, and commodification of forests/REDD 2); Behaviour Change (think Avaaz/Purpose); 3) Bio-based Fuels, Plastics and Chemicals. (See all key sectors of focus that have been publicly disclosed.) (Note that 350.org et al are now publicly campaigning on/promoting the false solution of biofuels.)

Three such partnerships (publicly disclosed) include World Resources Institute, Natural Resource Defense Council (both represented on the Ceres board of directors), and The Climate Reality Project (formerly identified as Alliance for Climate Protection). Under Memberships and Initiatives, we find Ceres, the Ceres Investor Network on Climate Risk (INCR), Roundtable on Sustainable Palm Oil, and many others.

“We provide business-building expertise, access to Generation’s investment, corporate, NGO and sustainability networks and a long term strategic perspective and commitment to our portfolio companies.” [Source]

And the icing on the cake:

“Five percent of the profitability of the firm is allocated to The Generation Foundation, which will support global non-profit sustainability initiatives.”

Gore and Blood identify five key imperatives that “have the potential to accelerate the transition to Sustainable Capitalism”. The first imperative identified is the need to identify and incorporate risks from stranded assets.

Enter Carbon Tracker.

Carbon Tracker

carbon-tracker-presentation-anthony-hobley-at-sitra-helsinki-21-may-2014-10-638

Ruse: noun 1. an action intended to mislead, deceive, or trick; stratagem

Utilizing research from the Potsdam Institute [3], Carbon Tracker made the case for “unburnable carbon” in the July 2011 seminal report “Unburnable Carbon: are the world’s financial markets carrying a carbon bubble?” The report suggested that the top 100 coal and 100 oil-and-gas companies had a combined value in 2011 of $7.42 trillion, much of it based on reserves that can never be used. Such reserves are one example considered by Tracker that have the potential to become stranded assets – thereby exposing investors to risk. The tracker employs (and supplies) the so-called “carbon budget” as a measure (and apparatus) as to how much more carbon the world can continue to “safely” burn.

“The concept of ‘stranded assets‘ gained prominence last year when another report by the Carbon Tracker Initiative calculated that 60-80% of the world’s coal, oil, and gas reserves would be ‘unburnable’ if the world leaders agreed to emissions reductions to limit warming to 2°C…. In essence, any price on carbon or emissions reduction policy could cut oil demand enough to strand any number of a company’s proven reserves.” — Desmog Blog, September 13, 2014

Carbon Tracker’s second “unburnable carbon” report (Unburnable Carbon 2013: Wasted Capital and Stranded Assets (PDF) is co-authored with LSE’s (London School of Economics) Grantham Research Institute. The Institute has been financed/supported in part by the Global Green Growth Institute (GGGI) through a grant for US$2.16 million (£1.35 million) to fund several research project areas from 2012 to 2014. LSE’s Grantham Research Institute membership includes (but is not limited to) Fred Krupp, president of Environmental Defense Fund; Vikram Singh Mehta, chairman of Shell Companies (India); Carter Roberts, president and CEO of WWF (US); and Sir Evelyn de Rothschild, chairman of EL Rothschild Ltd.

The aim of the Grantham Research Institute is to strengthen the analytical and empirical underpinnings of the ‘green growth’ concept in relation to both developing and developed countries.” [Source] [GGGI Partners] Yvo de Boer is the Director-General of GGGI [People]. Prior to joining the global accountancy firm KPMG in 2010, Mr. de Boer led the international process to respond to climate change in the role of Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from 2006 to 2010.

Carbon Tracker could very much be considered the key stratagem, foundation, glue and more importantly, a veil or even a shield for both the divestment campaign (global in scale), and the so-called carbon “budget.” Reports, data and papers released by this foundation-financed think tank are pumped through the channels of power, the result being the legitimization of concepts that have no basis in reality if it were not for the non-profit industrial complex, in tandem with media, ensuring no one states – or even notices – the obvious, that the emperor has no clothes.

“A vain Emperor who cares about nothing except wearing and displaying clothes hires two swindlers who promise him the finest, best suit of clothes from a fabric invisible to anyone who is unfit for his position or ‘hopelessly stupid.’ The Emperor’s ministers cannot see the clothing themselves, but pretend that they can for fear of appearing unfit for their positions and the Emperor does the same. Finally the swindlers report that the suit is finished, they mime dressing him and the Emperor marches in procession before his subjects. The townsfolk play along with the pretense, not wanting to appear unfit for their positions or stupid. Then a child in the crowd, too young to understand the desirability of keeping up the pretense, blurts out that the Emperor is wearing nothing at all and the cry is taken up by others. The Emperor cringes, suspects the assertion is true, but continues the procession.” [Source]

In this instance, the emperor is the oligarchy as a collective, the ministers are the sycophants that comprise the NPIC, and the townsfolk – not wanting to appear stupid or undeserving.

Reports such as Carbon Tracker’s serve to legitimate, normalize and thus sanction the already capitalist-sanctioned “activism” that deliberately assists in pushing forward particular policies and agendas already conceptualized (years and even decades in advance) by the funders and the elite.

carbon-tracker-presentation-anthony-hobley-at-sitra-helsinki-21-may-2014-3-1024

Consider who finances the work of the Carbon Tracker. “The work of Carbon Tracker has been made possible by the vision and openness to innovation shown by organisations such as the following”: The Rockefeller Brothers Fund, Bloomberg Philanthropies, The Tellus Mater Foundation, Generation Foundation, Wallace Global Fund, The European Climate Foundation, The Growald Family Fund, The Joseph Rowntree Charitable Trust ,The Polden Puckham Charitable Foundation, The Ashden Trust, Zennstrom Philanthropies, MAVA Foundation, The Velux Foundation, and The Grantham Foundation. After you consider the “who” behind the financing, consider “why” the financing.

Wallace Global Fund refers to its interest in funding Carbon Tracker as Support for a collaboration between climate activists and financial analysts seeking to align the action of world capital markets with the reality of global warming.”

“The ability to deal with people is as purchasable a commodity as sugar or coffee and I will pay more for that ability than for any other under the sun.” — John D. Rockefeller

Millions of dollars funnelled through foundations into institutions, who in turn churn out reports, serve a pivotal purpose. Slick reports, marketing and PR build security (and acceptance/acquiescence amongst the populace) for the investment strategies belonging to the endowments (as well as the trustees) of the very foundations such institutions/NGOs are funded by. This is nothing more than polished PR at arm’s length intended/financed to promote said investments – as well as divestments. The appearance of an independent think tank evokes trust in the public realm. The oligarchs know how to manage, shape and modify behavioural change amongst the public. We are a public of rampant consumption and continued devolution, by design. There is little doubt that the billions of dollars the elite have pumped into the NPIC must quantify as one of the best long-term investments they have ever made.

The concepts of carbon budget, stranded assets and carbon asset bubbles have indeed gained traction with many people. This is in part due to the repetitive messaging of familiar language and unthreatening implications (via a massive injection of funding; Rockefeller et al must be pleased), the précis being that a person of privilege and monetary wealth can simply move his/her money from coal or Exxon and re-invest it into “clean” investments such as massive solar projects in deliberately impoverished Africa that will export the energy to those who already have it in Europe, geothermal, biomass projects that burn the remaining Earth’s forests and whole cultures into ashes, or REDD, which commodifies Earth’s forests for the even further expansion of capital. Pick your poison wisely. In less than 30 minutes we have “saved the world” and we still retain our wealth and privilege. Yet in reality, nothing has changed, the system demands continued growth, clean energy demands fossil fuels and vast resources from an already depleted planet, and the world continues to warm. To divest and feel no consequences is far preferred (by the 1% creating 50% of all global GHG emissions) than actual/tangible divesting from vacations (flying), personal automobiles, clothes dryers, steaks, lawn-mowers, leaf-blowers, Starbucks, etc. etc. etc. – including iPhones, iPods, iEverthing, with emphasis on the word “I.”

“The investor effort, called the Carbon Asset Risk (CAR) initiative, is being coordinated by Ceres and the Carbon Tracker initiative, with support from the Global Investor Coalition on Climate Change.” — Ceres Press Release, October 24, 2013

The organizations behind the quickly-emerging “new” economy are all very much interwoven, as are the players and key people. James Leaton, Research Director for the Carbon Tracker Initiative (2010 onward), was recently featured at the May 1-2, 2013 Ceres conference with 350.org’s McKibben and Bob Massie (former president and CEO of the New Economy Coalition). Leaton was also featured at the INCR Annual Meeting at the Ceres conference titled The 21st Century Investor: Ceres Blueprint for Sustainable Investing conference which took place April 30, 2013.

Carbon Tracker is identified as one of the key NGOs engaged with the US Divest-Invest Coordinating Committee (USCC). The combination of a need to be both an environmentalist and a capitalist (definitely not in that order) in the organization is represented in the following job posting:

As You Sow job description, February 13, 2015: “Organizations in the Coalition: 350.org, Responsible Endowments Coalition, Intentional Endowments Network, Hip-Hop Caucus, Energy Action Coalition, Service Employees International Union (SEIU), Black Mesa Water Coalition, Carbon Tracker, California Student Sustainability Coalition, Divest-Invest Philanthropy, Divest-Invest Individual, Fenton Communications, Mayors Innovation Project, Coalition for Environmentally Responsible Economies (CERES), New Economy Coalition, GreenFaith, Healthcare without Harm, Sustainable Initiatives at Partners HealthCare, As You Sow, or other organizations engaged with Divest-Invest.”

Key staff at Carbon Tracker demonstrate that a vital prerequisite to being hired/chosen by the Tracker is vast experience in carbon markets.

Prior to his role at Carbon Tracker, Leaton was a sustainability and climate change consultant at PricewaterhouseCoopers, focusing on the financial sector, advising blue chip clients on risks and “opportunities.” Prior to PricewaterhouseCoopers, Leaton spent five years at WWF as a senior policy advisor, focusing on the links between energy and finance.

“‘Assets are already being written down due to increasing competition between energy sources, air quality standards being introduced to reduce health impacts, and measures to reduce carbon pollution combining to change the energy landscape,’ said James Leaton, Research Director at Carbon Tracker. ‘Avoiding high cost, high carbon projects which are failing to deliver a return on capital will improve shareholder returns.'” — Ceres Press Release, October 24, 2013

Mark Fulton is currently an adviser to the Carbon Tracker Initiative and Senior Fellow at Ceres. He is a recognized economist (of 35 years) and market strategist at leading financial institutions including Citigroup, Salomon Bros and County Natwest. Prior to this role, Fulton was head of research at Deutsche Bank Climate Change Advisors at Deutsche Bank (from 2007 to 2012). He is currently a member of the Capital Markets Climate Initiative, UK Department of Energy and Climate Change. From 2010 to 2012 he was co-chair of the United Nations Environment Programme (UNEP) Finance Initiative Climate Change Working Group. In 2011 and 2012, Fulton served on the technical committee of the UN Secretary-General’s Sustainable Energy for All.

“‘Many of the responses investors have received from the companies thus far acknowledge that there is a legitimate risk issue around carbon reserves, and companies are open to continued engagement from the investor community to determine the scope,’ said Mark Fulton, a member of the Carbon Tracker’s Advisory Board and a Ceres adviser.” — Ceres Press Release, October 24, 2013

Anthony Hobley has been Chief Executive Officer of the Carbon Tracker Initiative since February 2014. Hobley played a key role in helping design the UK’s pilot emissions trading scheme and also in developing key aspects of the EU ETS (Emissions Trading System). Hobley was seconded to Norton Rose Fulbright’s Sydney office between 2010 and 2012 where he was heavily involved in the development of the emerging carbon and clean energy markets in Australia and Asia. He was a key figure behind the creation of the business advocacy group Businesses for a Clean Economy, a coalition of businesses arguing for a price on carbon. Anthony was also behind the creation of the business group Climate Markets & Investment Association where he is the current president. He also sits on the boards of the Verified Carbon Standards Association and on the Advisory Board to the Climate Bonds Initiative. [Source | Full Bio]

The Carbon Tracker advisory board is made up of representatives of carbon market institutions.

The board includes: Nick Robins (co-director of the UNEP Green Finance Enquiry), Lois Guthrie (CEO of the Carbon Disclosure Standards Board), Tessa Tennant (founder and board member, Association for Sustainable and Responsible Investment in Asia – ASrIA), Ben Caldecott (programme director, Smith School of Enterprise and the Environment, University of Oxford) Catherine Howarth (CEO at ShareAction), James Stacey (head of sustainable finance strategy at Earth Capital Partners), Jemma Green (previously VP of sustainable finance at JP Morgan), Meg Brown (previously director of climate and sustainability research at Citi Investment Research), Stanislas Dupré (founder & director at 2° Investing Initiative), Bevis Longstreth (previously commissioner of the United States Securities and Exchange Commission (SEC), Laura Sandys (member of parliament for South Thanet), Mark Lewis (senior sustainability analyst and co-ordinator of energy transition & climate change research at Kepler Cheuvreux), and Neil Morisetti (director of strategy at UCL Science, Technology, Engineering and Public Policy Department, previously special representative for climate change at the UK Foreign Secretary.)

Ben Caldecott’s elite standing in the interlocking directorate is extensive. Identified as a British environmentalist, economist, and commentator, he serves on the advisory board of Carbon Tracker, and as a trustee of the Green Alliance think tank. He serves as head of government advisory for Bloomberg New Energy Finance, director of the Stranded Assets Programme at the Smith School of Enterprise and the Environment, adviser to The Prince of Wales’ International Sustainability Unit, academic visitor at the Bank of England, and visiting fellow at the University of Sydney. He is head of European Policy at Climate Change Capital, directing the CCC think tank and advising CCC funds and clients on the development of policy-driven markets. Caldecott has previously worked as research director for environment and energy at the think tank Policy Exchange. Caldecott serves on the advisory network of the Natural Capital Declaration, which is key (discussed at length further in this report). Caldecott has worked in parliament and for a number of different UK government departments and international organisations, including UNEP and the Foreign & Commonwealth Office (FCO).

Caldecott has been instrumental in building government support for “clean coal.” Thus, UK leaders are all calling for an end to unabated coal – code for carbon capture and sequestration/storage.

Ben C

Above: Business Summit on Climate Leadership 2011 Speakers. Ben Caldecott – Head of European Policy, Climate Change Capital, second in from far right (Flickr, Climate Group)

Carbon capture and sequestration (CSS) and enhanced oil recovery (EOR) (which uses the sequestered CO2 to recover more oil out of depleted oil fields) is a critical component of the “new economy.” CCS is to gain acceptance as a vital component of the new “low carbon” economy where societies can continue production/burning of both coal and oil under the guise of “emissions reduction measures.” In tandem with the quiet proliferation of biomass (supported by the NPIC) and other false solutions, this economy has already begun:

“In the Weyburn oil field in Saskatchewan, Canada – where CO2 from the Dakota Gasification Company’s coal gasification plant in Beulah, ND is piped north to pump into the oil field, buying 25 more years of oil production – 2.8 times more CO2 would be released from all of the extra oil they expect to produce than the amount they ‘sequester’ (ignoring reports of leakage). In the Permian Basin (TX/NM), 47% of the amount of CO2 pumped into the ground is re-released by burning the extra oil produced (that would otherwise stay in the ground).” [Source]

Stephen Tindale, former executive director of Greenpeace UK, is another “environmentalist” in support of carbon capture and storage. In a series on his website Climate Answers , the commentary CCS: What the EU Needs to Do – Part 1, with Nick Horler, chief executive of ScottishPower, is supported by Caldecott. Both Tindale and Caldecott have contributed significant language and concepts to the discourse on climate since this 2010 piece. Here we witness just one aspect of the many realms of genius behind the marketing/branding of the instrumental stranded/bubble/budget language that has “changed everything.” Coal in particular, has been identified and condemned by both the media and NPIC as a coming stranded asset. Thus coal is “saved” from stranded status when CCS is deployed; the “carbon bubble” refrains from bursting; and the amount of “unburnable carbon” in the “carbon budget” reduced.

As with all the shaping of our shared futures by the elite, the pathway to CCS is clear in the 2008 Green Alliance paper, A Last Chance for Coal, with contributions from Ben Caldecott while at the Policy Exchange think tank. The paper notes that it is critical Europe’s commitment to CCS be realized before 2020; 12 short years away from the paper’s publication date. The year 2020 is a critical date of vast significance – a recurring deadline for all environmental market solutions to be in place.

While the front figures in the “movement” such as 350’s Bill McKibben and Naomi Klein repeat and inflate the language of stranded assets, carbon bubbles, budgets, divestment and renewable energy, the issue of CCS is rarely mentioned or touched upon, while the most critical issue that has ever faced humanity, the financialization of nature, via the global implementation of “payments for ecosystem services,” receives no attention whatsoever. It’s not that these appointed “leaders” don’t understand the “this changes everything” world that the oligarchs have been working toward for decades. They do. Consider that Caldecott, as a key figure in the delivering/marketing of mainstream finance to “clean energy” partnered with 350.org for the 2014 “Stranded Down Under Tour” in Australia.

“It appears to us that divestment is the bait and engagement is the fishing rod – divestment is vital in hooking people’s attention, and the engagement tools and analysis is [sic] essential to reel the capex [capital expenditures] in. Investors and NGOs now need to have the patience to catch enough fish.” — Carbon Tracker Website

Most, if not all organizations and investment firms promoting or affiliated with the divestment campaign have vested interests in the expansion of false solutions such as CCS, biomass, carbon credits/trading and environmental markets – all clamouring to cash in on the promise of the most unparalleled wealth opportunity of the 21st century.

The Investor Expectations: Oil and Gas Companies was developed by the IIGCC with support from Ceres’ INCR, IGCC and AIGCC. It builds on the Carbon Asset Risk (CAR) Initiative, through which 75 investors managing more than $3 trillion in assets engaged with 45 of the world’s largest fossil fuel companies. The CAR initiative is coordinated by Ceres and Carbon Tracker, with support from IIGCC and IGCC, which lead engagement with fossil fuel companies in Europe and Australia/New Zealand respectively.

The Carbon Asset Risk (CAR) Initiative: “In the long term, investors want to see fossil fuel companies adapt, remaining successful by: Focusing on fewer projects at the low end of the cost curve; Returning capital to investors; and Diversifying business toward cleaner, lower-carbon energy sources, including renewables, energy efficiency and carbon capture and storage (CCS).”

Divest-Invest

“The transition to a low-carbon economy will be the most significant economic change in history. It will be deeper, more fundamental than the industrial revolution, and faster than the technology revolution. And it’s going to happen in the next five to 10 years…. The leadership of Divest-Invest is important, the leadership at 350.org.” — David Blood, Generation Investment, Divest-Invest Transcript, Fenton Communications, Wallace Global Fund, and Inst. for Policy Studies, September 22, 2014

 

The common definition of a Divest-Invest commitment is a pledge to divest from the top fossil fuel companies within five years and to move those assets into clean energy investments. As the movement has spread, participants have tailored the timing and sequence of commitments to their particular circumstances. The working group has recognized the variety of these circumstances and has designed this process to allow institutions to meet both their fiduciary and moral responsibilities. — Arabella Advisors, Measuring the Global Fossil Fuel Divestment Movement, September 19, 2014

The global divestment campaign targets 200 of the world’s largest publicly traded fossil-fuel corporations: 100 from oil and gas and 100 from coal. These are ranked according to the size of their proven reserves. The Measuring the Global Fossil Fuel Divestment Movement report (September 19, 2014) discloses the following:

“The working group relied upon self-reported data from individual commitments to determine the number and scope of divest-invest pledges. Individuals agreed to a standard pledge, and most completed a brief survey. The standard pledge (available at http://divestinvest.org/individual) states:

  1. I will make no new investments in the top 200 oil, gas, and coal companies [as defined by the Carbon Tracker 200].
  2. I will sell my existing assets tied to these oil, gas, and coal investments within three to five years.
  3. I will invest in the new energy economy.

It is critical to note the language and the framing of the divest-invest campaign (which isn’t necessarily the same as divestment at large). To begin, the term “new” (in #3) refers to both the “new economy” and, in this instance, the “new energy economy,” which is strategic. As discussed in 2014 by Avaaz/Purpose Inc. co-founder Jeremy Heimans, the former term “green” (as in “green economy”) is, for all marketing intents and purposes, dead. For clarity, individuals agree to not invest in the top 100 public coal, oil and gas companies listed by the “Carbon Tracker 200.” All other investments appear to be fair game: biofuel/biomass, nuclear, the military-industrial complex/weapons industry, the chemical industry, factory farming, aviation, BNSF, pornography… it’s all up for grabs. One can move their investments from Exxon over to Lockheed Martin & make a killing – both literally and figuratively. Not only is there a plethora of fuel-intensive stock options/investments, those divesting are given a full five years to follow through on their commitment “to meet both their fiduciary and moral responsibilities,” meaning that a corporation/entity can announce their “commitment,” have 350.org greenwash their persona, and then five years later, when staff positions, economic opportunities, etc. have changed, toss it out with the bath water if they wish to do so. Further, it is not enough to simply divest – one must agree, most importantly, to “invest in the new energy economy.” Thus, the idea of starving the corporate stranglehold, even if only in a limited way, is effectively out the window.

Oil services companies, pipeline companies, refiners, holding facility companies, etc. are all fair game for those wishing to divest. Yet the reality is that none of these industries/companies make their big money from shareholders or stock markets. These companies make the bulk of their profits by booking reserves and selling their product directly to market. Further, most of the capital for the shale gas and oil revolution comes from private equity. “Big oil” has not been at the centre of it. Rather, the centre is comprised of smaller independent and private companies. The more one understands the industries and the business, the more one comes to the realization of what a hoax the “divest-invest” campaign actually is.

Divest-Invest Philanthropy

Divest Invest Allies and Advisors

The Divest-Invest NGO is comprised of three pillars: 1) Divest-Invest Philanthropy [4], 2) Divest-Invest Individual and 3) the Divest-Invest Advisors and Allies.

In her role as CEO of Phoenix Global Impact, Jenna Nicholas is consulting with the World Bank on social impact bonds; she is coordinating the Divest-Invest: Philanthropy Initiative, appointed by the Wallace Global Fund as of March 2014. Nicholas is an associate to Calvert Special Equities and sits on the advisory groups of the Impact Hub DC, Nexus Global Youth Summit and High Water Women. [Full Bio]

Allies and advisors of the Divest-Invest campaign are to ensure success: “Advisors and allies keep core campaign staff informed on various financial, business, community and legal trends relevant to the pledge and/or steps for follow-through…. In collaboration with Divest-Invest Philanthropy and many other movement partners and allies, we are accelerating the transition to a sustainable and equitable economy. [Source]

Such groups are popping up everywhere. Whether there are dozens, hundreds or even thousands has yet to be ascertained. But one thing is certain. They have been tactically preparing for the “new economy” windfall.

Consider the 2° Investing Initiative [2°ii], a multi-stakeholder think tank working to align the financial sector with 2°C climate goals: “Our association consists of more than 30 member organizations and 60 individual members, most of whom are serving in financial institutions (banks, asset management, private equity, brokerage, etc.). Some other members are experts from different fields (consulting, accounting, extra-financial analysis, etc.), either researchers (economy, climate economics), or public servants. Two of our members are Members of the European Parliament (former Ministers of Environment in their respective countries).”

Members:

2C Investing Members

Peers and links within this particular interlocking directorate include the Carbon Tracker Initiative (which coined the term “carbon bubble”), Long Finance, Finance Watch, OECD, Climate Change Capital, UNEP-FI (a partnership between the United Nations Environment Programme and financial institutions), Asset Owners Disclosure Project, Climate Policy Initiative, E3G (Third Generation Environmentalism), CDC Climat, McKinsey Global Institute, Climate Bonds Initiative, BNEF (Bloomberg), GABV (Global Alliance for Banking on Values), BankTrack and The Institutional Investors Group on Climate Change (IIGCC is a Ceres initiative).

Over and over again we witness (yet ignore) the interlocking directorate: NGOs, executive board members, advisors, fellows, CEOs, politicians, bankers and media – all working together for the expansion of capital markets. And although the divestment campaign appears fresh out of nowhere, the NGOs assigned to capture the public’s trust, waiting in the wings, did not simply fall from the summer sky. The organizing and deployment is precise, strategic, seductive and global in scale.

As one investigates the history and financing of the divestment campaign, one begins to recognize specific organizations that appear/overlap more frequently than others, for example, Ceres, Ceres entities, United Nations organizations, 350.org and Carbon Tracker. These groups lead in shaping the public opinion and providing the discourse required to implement already conceived/awaiting policies that serve hegemonic interests (expansion of capital markets), while simultaneously securing, strengthening and insulating capitalism itself.

Investment Terminology

In the July 7, 2014 article, Why the Fossil Fuel Divestment Movement is a Farce, the author sheds much needed light on investment terminologies and information that are little understood by the average citizen:

“Notice the words ‘publicly traded.’ In other words, fossil fuel divestment would target only major corporations that are listed on the stock market. But pension funds and endowments, the entities largely targeted by the 350.org campaign, invest hundreds of billions of dollars in privately traded securities, such as hedge funds and private equity – vehicles that are invested at all levels of the fossil fuel economy. (In particular, hedge funds and private equity have been found to be the key financial backers of the fracking boom.) Were the Massachusetts divestment bill to pass, state pension funds would invariably still be invested in the fossil fuel economy.”

The20billioncarbonbubble1

Graphic: Public companies represent a small piece of the pie; $7 trillion in fossil fuel reserves as opposed to private and national companies that represent three times this market size. Source

The cautionary reference to hedge funds is significant. Note that Blood & Gore’s Generation Investment is a hedge fund. Also note the tight relationship between 350.org founder Bill McKibben, hedge fund billionaire Tom Steyer, the US Democratic Party and the crème de la crème of the establishment Left (to be discussed later in this report). On May 6, 2014 CNN reported that the top 25 hedge fund managers took home $21 billion among them.

The author [Why the Fossil Fuel Divestment Movement is a Farce] continues:

“The divestment campaign argues that 200 publicly traded fossil fuel companies dominate the fossil fuel exploration market. But they ignore that such companies frequently depend on private equity and hedge funds for financing new investments when large banks are uninterested in taking on further risk. The public can rarely (if ever) verify that these types of arrangements take place, even if it is a teacher attempting to verify what her pension fund is doing with her money.

 

“The divestment campaign argues that 200 publicly traded fossil fuel companies dominate the fossil fuel exploration market. But they ignore that such companies frequently depend on private equity and hedge funds for financing new investments when large banks are uninterested in taking on further risk. The public can rarely (if ever) verify that these types of arrangements take place, even if it is a teacher attempting to verify what her pension fund is doing with her money.

 

“Pension funds and endowments have not always invested in the private market. In the 1980s and before, in fact, they were almost exclusively invested in publicly traded securities. Laws such as the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 allowed the public to verify how the companies in which pension funds and endowments were investing used their funds and provided transparency to investors in order to prevent fraudulent activity.

 

“By focusing only on publicly traded securities, the fossil fuel divestment campaign ignores the corporate misdeeds of a sector that holds billions of dollars of investments in a dirty energy economy.

 

“The same is not possible with privately traded alternative investments, which have been on the rise since the early 1990s. (It is difficult to ascertain why exactly pension funds and endowments have funneled assets into private markets, as there is little evidence that they perform any better than stocks and bonds and a great deal of evidence that they are far riskier. Private market money managers are notorious as great salesmen, and a series of pay-to-play scandals have implicated some of the largest hedge funds and private equity firms.) Regardless, today pension funds and endowments are by far the largest investors in hedge funds and private equity.” [Emphasis added]

carbon-tracker-presentation-anthony-hobley-at-sitra-helsinki-21-may-2014-6-1024

Above: Private and institutional investors represent Carbon Tracker’s largest/key target audience.

The author continues, citing conflict of interest:

“Further compromising the campaign is its questionable line of funding. It has received at least $350,000 from Jeremy Grantham, a hedge fund manager who oversees more than $500 million in assets for public pension funds in Massachusetts. According to a report from Inside Philanthropy, 350.org also receives funding from billionaire hedge fund manager Tom Steyer. (The organization declined to state exactly how much money it has received from Steyer and Grantham.)

 

“Farallon Capital Management, which Steyer founded, has major investments at all levels of the fossil fuel economy. While he is no longer at the helm, during his leadership it pursued major deals in fossil fuels, as a recent report from Reuters showed. In fact, the firm had been a target of student activists before he began funding them.

“Grantham, for his part, argued in an interview with The Guardian that he felt that student activists should ‘stamp their feet’ to get their university endowments to divest from fossil fuels ‘because they can do that.’ With his firm’s significant investments in the fossil fuel economy – according to first quarter 2014 filings, $1.2 billion in Chevron, $570 million in ExxonMobil and $240 million in Monsanto – he, apparently, cannot.” [Emphasis added]

Jeremy Grantham apparently encourages others to stamp their feet and divest while his firm, decidedly, does not. He is not alone. Following the media saturation of September 22, 2014 that hailed the Rockefeller Brothers Fund (RBF) divestment as a historic world event, few reported that RBF had decided to hang on to their Exxon stocks. [This is discussed at length later in this report.]

Here it is important to recall that Carbon Tracker is affiliated with London School of Economics Grantham Research Institute. Jeremy Grantham co-founded the Grantham Foundation for the Protection of the Environment in 1997. Funding was given to both Imperial College London and London School of Economics to establish the Grantham Institute for Climate Change and the Grantham Research Institute on Climate Change and the Environment. In 2011, the Grantham Foundation for the Protection of the Environment donated $1 million to both the Sierra Club and Nature Conservancy, and $2 million to the Environmental Defense Fund. The Foundation has also provided support to Greenpeace, the WWF and the Smithsonian. [Source] As noted earlier in this report, London School of Economics Grantham Research Institute membership includes (but is not limited to) Fred Krupp, president of Environmental Defense Fund; Vikram Singh Mehta, chairman of Shell Companies (India); Carter Roberts, president and CEO of WWF (US); and Sir Evelyn de Rothschild, chairman of EL Rothschild Ltd.

In the July 10, 2014 rebuttal, Why a Movement is Never a Farce, the author frames the divestment campaign as a Gandhi-esque movement. Yet there are items that an astute citizen must consider distinct red flags: “Endorsements have come from such unexpected places as the World Bank, and even former Treasury Secretary and Goldman Sachs’ COO Henry Paulson this past week.” Given the references to Gandhi and endorsements that “have come from such unexpected places as the World Bank,” it is of interest to note that Martin Luther King’s first trip to India to study Gandhi was paid for by the RJ Reynolds (tobacco empire) family (funneled through Quaker group American Friends Service Committee.) In a letter, an AFSC official writes that the trip seems to have been designed as a photo-op to “build up King as a world figure, and to have this buildup recorded in the US.”

The author then writes: “It is a sign of divestment’s power that it has gained endorsements from the likes of Wall Street, but we shouldn’t fool ourselves into trusting either Wall Street or the White House to show us the way to a new economy. Accepting endorsement, however, is not the same as taking direction; fossil fuel divestment is a grassroots movement led by students, not billionaires, and is firmly committed to justice and solidarity. I know because myself and countless other students and recent alumni – with the vital support of nonprofits – have poured the last few years of our lives into building it. Call that misdirected, sure, but don’t call it Astroturf.”

Yet it’s not “a sign of divestment’s power that it has gained endorsements from the likes of Wall Street” – the divestment campaign is Wall Street. 350.org (with McKibben at the helm) developed the divestment campaign in consultation with Wall Street. The author is, however, correct that the purpose of the divestment campaign is very much “to show us the way to a new economy.” As 21st century lambs of the oligarch, well-intentioned students are utilized, used and misdirected via tactical manipulation.

Steyer, Bloomberg, Soros & the Democrats

McKibben and Steyer March-7

Photo: People’s Climate March, 2014. Bill McKibben (350.org founder) with Tom Steyer, hedge fund billionaire and founder of Generation Next

“It’s a big club, and you ain’t in it.” — George Carlin

An example of so-called progressive media amplifying Carbon Tracker’s disapproval of coal use in China (Carbon Tracker report: “Energy Access: why coal is not the way out of energy poverty”) appears straightforward. As does the slide presentation published October 29, 2014 by Carbon Tracker: Is Coal a Sinking Ship? Yet perhaps it isn’t.

Consider that the demand for coal in both China and India is going to do nothing but grow. Then consider this: In an effort to support its own mines and workers and economy, China is in the process of cutting all purchases of imported coal as rapidly as possible (April 14, 2015: “China’s coal imports decline by 42 percent during first quarter…. The international coal market is saddled with excessive supplies for the moment….”). India, still trying to provide basic power to citizens, is also rejecting further dependence on international coal. On November 12, 2014 the Power and Coal Minister of India, Piyush Goyal, stated “in the next two or three years we should be able to stop imports of thermal coal.” This position has been endorsed by India’s Prime Minister. This certainly puts a damper on U.S. plans to ship an additional 100 million tons of coal per year to Asia via three proposed coal ports – an aggravating deterrent that must also extend to Australia which plans to open mega coal mines in Queensland’s Galilee Basin, as well as the world’s largest port (at Abbot Point right in the middle of the Great Barrier Reef) for export to China. Not only does India have more coal than Australia, India has 57 times more labourers.

A “no coal for China” anthem as sung by the non-profit industrial complex can also be interpreted as de facto promotion of natural gas/fracking, nuclear, etc. Consider the Bloomberg media coverage (referencing Carbon Tracker) in the article covering China moving from coal to gas. As Bloomberg (Bloomberg Philanthropies being a financial backer of Carbon Tracker) has been financing the fracking boom, one might question if there is a coordinated effort between Michael Bloomberg and former Treasury Secretary Hank Paulson who, along with billionaire Tom Steyer’s Next Generation, have launched the Risky Business Project.

From the Risky Business website:

“Launched in October, 2013, the Risky Business Project focuses on quantifying and publicizing the economic risks from the impacts of a changing climate.

 

“Risky Business Project co-chairs Michael R. Bloomberg, Henry Paulson, and Tom Steyer tasked the Rhodium Group, an economic research firm that specializes in analyzing disruptive global trends, with an independent assessment of the economic risks posed by a changing climate in the U.S. Rhodium convened a research team co-led by climate scientist Dr. Robert Kopp of Rutgers University and economist Dr. Solomon Hsiang of the University of California, Berkeley. Rhodium also partnered with Risk Management Solutions (RMS), the world’s largest catastrophe-modeling company for insurance, reinsurance, and investment-management companies around the world. The team’s complete assessment, along with technical appendices, is available at Rhodium’s website, climateprospectus.rhg.com.”

The Risky Business Project is a joint partnership of Bloomberg Philanthropies, the Paulson Institute, and TomKat Charitable Trust (established in 2009 with funding from Tom Steyer and Kat Taylor), one of many financiers of 350.org (see image below). Additional support for the project has been provided by the Skoll Global Threats Fund, the Rockefeller Family Fund, the McKnight Foundation, the Joyce Foundation, John D. and Catherine T. MacArthur Foundation, and the Heising-Simons Foundation. Staff support for the Risky Business Project is provided by Next Generation, also co-founded by Steyer.

350 Funders

Bloomberg Philanthropies also invests in oil and gas via Willet Advisors. Logic dictates that due to its holdings/investments in the gas/fracking industry, Bloomberg will therefore highlight any victories against dirty coal – including faux ones. Thus although the divestment campaign is successful in the stigmatization of coal corporations, the label of corporate pariah does not extend to carbon sequestration schemes, industrial biomass and a score of other false solutions that will comprise the bulk share of the “clean” economy. Rather, such false solutions are grossly labeled as victorious and sought after by the appointed “leaders” of the environmental “movement.” Consider the re-tweet of the article Shell’s Global Warming Strategy Is Psychopathic & Paranoid, Says Former UK Climate Envoy by Bill McKibben in which the gist of the argument is why Shell is dragging their feet on carbon capture and sequestration. Further consider that the Bureau of Land Management’s plan to convert Nevada’s Pinyon Forests to biomass that threatens ancient rituals is backed by partner organizations such as Sierra Club, in partnership with Barrick Gold and Barrick Corp. This is just one instance of biomass facilities planned or already in operation under the guise of “clean” energy and/or carbon neutrality.

Bill McKibben Tweet CCS Shell 2

Steyer must be considered king hedge fund bourgeois extraordinaire with close ties to those in power. Time magazine, May 22, 2014: “So when Barack Obama appeared at Tom Steyer’s San Francisco home for a fundraiser last year, the President had to know there would be an ask. The 56-year-old Steyer is a hedge-fund billionaire and a major-league Democratic donor.”

August 6, 2014, Politico:

Billionaire Tom Steyer joined fellow liberal billionaire George Soros for a lunchtime meeting with Obama adviser John Podesta at the White House on Feb. 20, according to White House visitor logs. That was just days after Steyer pledged to spend $100 million on the midterm elections. Steyer also met with Podesta on March 31, along with NextGen Climate Action COO Josh Fryday and Denver attorney Ted White, managing partner of Fahr LLC, an ‘umbrella entity’ for Steyer’s various organizations.

 

“According to records, Steyer has visited the White House on at least 12 occasions since 2009 for meetings with top-level administration officials including Rahm Emanuel, Bill Daley, Pete Rouse, Heather Zichal, Jon Carson and David Lane. Those records only cover through April, and Steyer is known to have attended a June 25 meeting with Podesta, John Holdren, Valerie Jarrett and others to discuss his ‘Risky Business’ report on climate change.”

Exploiting climate change destruction to garner votes for the Democrats is par for the course within the NPIC; exploiting climate change destruction to further unprecedented “climate wealth opportunities” is not only the best game in town – it’s the best game on the industrialized planet.

 

 

End Notes:

[1] Source: “M. Mills, personal communication, 2010.” In Howell, Robert. “The Challenge of Sustainability for the Financial Sector.” International Journal of Environmental, Cultural, Economic and Social Sustainability.

[2] The Forum for Sustainable and Responsible Investment (US) also serves to promote the divestment campaign in the “Education Center” where one finds “Fossil Fuels, Divestment & Reinvestment.” Within this section, under other resources, the link titled Institutional Pathways to Fossil Free Investing brings us back to the May 2013 41-page document Institutional Pathways to Fossil-Free Investing [emphasis added].

[3] “Thanks to the Carbon Bubble report, we now have some better numbers to help us grapple with that question. Based on research by the Potsdam Institute, the report suggests that if the world wants an 80% chance of staying within the 2ºC limit, we should avoid emitting more than 565 gigatonnes (GT) of CO2 by 2050. That equates to just one-fifth of the world’s total proven fossil fuel reserves, which contain enough carbon to produce a massive 2,795GT of CO2, the report estimates.”

[4] The DivestInvest Philanthropy steering committee and working group members include: Ellen Dorsey, Ellen Friedman, Richard Woo, Tom VanDyck, Melissa Beck, Jenna Nicholas, Farhad Ebrahimi, Vic de Luca, David Gordon, Florence Miller, Peter Martin, Anne Stetson, Jon Jensen, John Goldstein, Shally Shanker and Ginny Quick.

Just Say No to 350

A Culture of Imbeciles

April 30, 2015

By Jay Taber

privatization of commons

When 350 targeted Bolivia and The Peoples Agreement on Climate Change for subversion in 2010, it was an act of aggression with roots in the 2009 attempted coup — funded by the U.S. State Department — in reaction to the 2008 constitutional revolution of Bolivia’s indigenous peoples. The inspiration for the indigenous uprising, that saw the world’s first indigenous head of state elected, was the 2005 attempt at privatization of Bolivia’s water by the US-based Bechtel Corporation that foreshadowed the “new economy” promoted by 350 in 2014.

Privatization Future

That “new economy” builds on other privatization schemes on a global scale; REDD and other carbon-market shell games, like fossil fuel divestment, are the ultimate institutionalization of the theft of public resources by the finance sector. The finance sector – that in 2008-2009 devastated the US and EU economies through loan fraud and bank bailouts – has now set its sights on privatizing all aspects of life on earth.

waves_accounting_0

Cheerleading global privatization — enabled by UN agencies like the IMF and World Bank — are financier-sponsored NGOs like 350, Avaaz and Ceres–all of which have fundamental ties to Wall Street moguls and finance sector criminals. Having hijacked the environmental movement on behalf of Wall Street, these false fronts are currently pressing for changes in international law that would give the finance sector carte blanche in privatizing all of nature.

bank-of-natural-capital2

With the 2007 UN Declaration on the Rights of Indigenous Peoples – a threat to globalization – the finance sector immediately began co-opting the indigenous peoples movement through foundation grants to compromised NGOs approved by the UN. These compromised NGOs and individuals are paid to legitimize the annihilation of indigenous nations via UN agencies in partnership with Wall Street.

Greed Economy

Indigenous peoples from five countries told the UN Rio+20 summit that the green economy is a “crime against humanity” that ‘dollarises’ Mother Nature and strips communities of their rights.

Photo: KeystoneUSA-ZUMA / Rex Features

As indigenous nations challenge Wall Street and the UN over globalization, compromised NGOs like 350 distort reality through social and mainstream media. The “new economy” they promote is essentially what used to be called fascism. While finance sector puppets like Naomi Klein charm gullible liberals with bromides and syllogisms about sustainability, what they are in reality sustaining is totalitarian corporate control of world governance and human survival.

 

[Jay Taber is an associate scholar of the Center for World Indigenous Studies, a correspondent to Forum for Global Exchange, and a contributing editor of Fourth World Journal. Since 1994, he has served as communications director at Public Good Project, a volunteer network of researchers, analysts and activists engaged in defending democracy. As a consultant, he has assisted indigenous peoples in the European Court of Human Rights and at the United Nations. Email: tbarj [at] yahoo.com Website: www.jaytaber.com]

WATCH: The New Economy: The Green Economy, Simply Re-branded

“We’ll build the green economy, we just won’t talk about it and we won’t say that we’re doing it.”

rebrand 4

WKOG Admin: It’s impossible not to notice the recent avalanche of advertisements and campaigns intended to propel “The New Economy” forward. Global in reach, drenched in holistic language and emotive imagery, these campaigns and advertisements are designed to create a global acquiescence (and even desire) for a new economic system. Yet rarely, if at all,  is the very premise of the “new economy” actually mentioned. That is, the financialization of Earth’s natural resources via the global implementation of “payments for ecosystem services” (PES).

The following text and video from the article This Changes Nothing. Why the People’s Climate March Guarantees Climate Catastrophe published September 15, 2014

In the video published on November 21, 2012, Heimans discloses that the “demand for the green economy is in a rut” during a lecture on Purpose’s innovative model of “movement entrepreneurship.” He states:

“…how else could movement building and mass participation help transform society? And that’s what we’re working on at Purpose. We’re thinking at Purpose not just how you build political movements but now what are some of the insights from that, that can be used to do things like scale demand for the green economy? Right? Demand for the green economy is in a rut. There isn’t large-scale demand it. What if we tried to build a movement around that and organize people in a systematic way….”

In the following Tedx talk (published September 7, 2012) the goal and the campaign to achieve the goal is made clear: kill “green” marketing (including the key term “green economy,” in order to push forward the green economy – without saying as much.

Heimans states:

“…Well, the results of our research really have two main conclusions I want to share with you today, and the first is a little startling and it may create a little bit of a disequilibrium… and that is that I think we need to kill the language and imagery and green in order to have any real shot at scaling sustainable consumption. Sustainable consumption just isn’t working right now as we’ll talk about in a moment. We’re going to have to kill green as a frame for consumers in order to try to rework that problem.”

It is worth repeating:

“Sustainable consumption just isn’t working right now as we’ll talk about in a moment. We’re going to have to kill green as a frame for consumers in order to try to rework that problem.”

Hence – you have the new terminology agreed upon and already being employed by both the foundations and the non-profit-industrial complex: The “new economy.”

Heimans continues:

“So they like the idea of green, it’s kind of a value they are happy to cloak themselves in, you know it’s a brand value, but the reality is market share just isn’t there because as soon as it’s even slightly difficult they’re out the door. So what do we do? So here’s some things that I think we can do that might up-end this situation and as I said it does require starting with killing green as a friend. We can’t lead with green, because most of the green products that are out there start by knocking on the front door and hitting you on the head and saying you know ‘We’re green, do the right thing.’ We need a radically different approach to the way we introduce this issue to consumers. We need to put green aside.”

Heimans summarizes the methodology:

“… the answer we think is to get behind the businesses that are at this intersection of mass participation where you can get lots of people in a network, you can grow market share very quickly of the new forms of businesses that are green, but don’t knock on the door and announce themselves as green. If we can do this, if we can create a new economy that takes these models that can very quickly acquire market share and we can give people a sense they’re part of something much bigger, we’ll build the green economy, we just won’t talk about it and we won’t say that we’re doing it.”

Heimans’ last remark is key: “If we can do this, if we can create a new economy that takes these models that can very quickly acquire market share and we can give people a sense they’re part of something much bigger we’ll build the green economy, we just won’t talk about it and we won’t say that we’re doing it.”

 

Distorting Reality

Public Good Project

By Jay Taber

network-independent-elites

For those who had high hopes for The Real News Network, the TRNN love fest with social capitalists like Naomi Klein and other con artists on Wall Street’s payroll — laundered by foundations like Ford, Rockefeller and NoVo — comes as a disappointment. So it should come as no surprise that TRNN start-up money ($350,000) came from Ford and MacArthur foundations. Two thirds of TRNN ongoing operating revenue comes from the rich.

After doting on Ms. Klein’s magical social revolution (funded by the Rockefeller Brothers and Warren Buffett), TRNN is now promoting Klein, et al’s “new economy,” that aims to place all control of social change in the hands of Wall Street front groups like 350, Avaaz, Ceres and Purpose. The solution to looting of state treasuries by financial institutions, according to social capitalists featured on TRNN, is to create non-profit co-ops that are dependent on philanthropy.

TRNN strategy is limited by dependency on capitalism, which funds them as gatekeepers. They offer liberals a place for venting rage, then point them toward false solutions, promoted by other capitalist-dependent liberals. TRNN has never exposed the brainwashing of liberal capitalism, because they are part of it.

Ironically, the only funding for research on violent white supremacy in the US has come from MacArthur and Ford. All my liberal colleagues take Ford or MacArthur money, and consequently have kept silent about Ford’s role in global privatization, as well as continental ethnic cleansing of indigenous peoples.

Their research is valuable, but they are reluctant to acknowledge the significant contribution Public Good Project has made to their work, because we also expose Ford Foundation fraud. Until they and TRNN divorce themselves from this dependency, their message will continue distorting reality by omission.

 

[Jay Taber is an associate scholar of the Center for World Indigenous Studies, a correspondent to Forum for Global Exchange, and a contributing editor of Fourth World Journal. Since 1994, he has served as communications director at Public Good Project, a volunteer network of researchers, analysts and activists engaged in defending democracy. As a consultant, he has assisted indigenous peoples in the European Court of Human Rights and at the United Nations.]

Crimes Against Humanity: Pro-War NGOs

Public Good Project

cochabamba06

Above: Participants sit in bleachers at the packed World People’s Summit on Climate Change and Mother Earth’s Rights, 2010, Photo by The City Project

As Cory Morningstar reported in 350: Agent Saboteur, the April 2010 World People’s Conference on Climate Change and the Rights of Mother Earth, held in Cochabamba, Bolivia, was the first and only climate conference that was led by indigenous peoples and recognized by the United Nations. The People’s Agreement — that resulted from this conference — called for 300 parts per million of carbon dioxide, and a 1 degree Celsius limit.

350UnderminesBolivia-1024x768

Attending the 2010 conference in Bolivia — created in response to the failure of the 2009 United Nations Climate Change Conference in Copenhagen — was 350 co-founder Kelly Blynn. After undermining emission reduction targets at Copenhagen, Blynn’s role at Cochabamba was to press for 350 parts per million, and a 2 degree Celsius limit, thus protecting the fossil fuel industry and the very lucrative 350 brand.

KleinGettyImages

Four years later — financed by the Rockefeller Brothers Fund and Warren Buffett’s NoVo Foundation – 350 used the Charms of Naomi as a powerful new tool of social engineering by Wall Street. The civil society fad led by Ms. Klein in 2014 evolved into a cult of celebrity worship, as she and Bill McKibben hypnotized thousands of college students into believing divestment of fossil fuel was part of a magical social revolution.

ObamaInvest-Divest

Above: Image from Fossil Free Website (Endorsements)

The KXL hoax — yet another example of hypnotic behavior absent critical judgement — was funded by Buffett in order to distract attention from his oil-by-rail empire, now threatening communities across North America with “bomb trains” for fossil fuel export. By the time Klein’s followers figure out they were duped into being Buffett’s pawns, he and his friend Bill Gates will have made a fortune shipping Tar Sands bitumen and Bakken Shale crude.

cbr-loadings---annual-2008---2013

In the U.S. Army War College manual on psychological warfare, the stated objective is to destroy the will and the ability of the enemy to fight, by depriving them of the support of allies and neutrals. Some of the methods used in the manual are sowing dissension, distrust, fear and hopelessness. Since this manual was published, a new type of psywar has emerged in the form of false hope.

Communications-in-Conflict-

Above image: Communications in Conflict

With support from foundations like Ford, Gates, NoVo, Rockefeller and Soros’ Open Society Institute, U.S. propaganda now has a vast new army of non-profits that serve as a fifth column for destabilization campaigns worldwide. Embodiments of false hope – like Avaaz, Purpose and 350 – use social media as a means of social manipulation.

SocialMediaManipulation

In Welcome to the Brave New World—Brought to You by Avaaz, Morningstar notes that Avaaz co-founder Tom Perriello has had a long relationship with the convicted inside-trader George Soros, and was one of the most pro-war members of the U.S. Congress. Along with Ricken Patel, Perriello made it popular for civil society to become complicit in crimes against humanity.

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In 2014, the New York public relations firm Purpose created a campaign to rally international support for NATO to bomb Syria. The campaign was backed by the New York lobby Avaaz. The CEO of Purpose, Jeremy Heimans, is a co-founder of Avaaz. His associate, David Madden, is co-founder of Purpose, Avaaz and MoveOn—a Democratic Party associated PAC. Avaaz and MoveOn are funded in part by the billionaire hedge fund mogul Soros.

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In Imperial Civil Society, Jay Taber observes that the power of moral sanction is something Wall Street takes very seriously. So seriously, that hostile takeovers of authentic civil society organizations, and full-fledged displacement by corporate false fronts, has led compromised NGOs to promote privatization, austerity, and military aggression. According to Maximilian Forte, the main purpose of the burgeoning civil society fad – that comprises the international bureaucracy of neoliberalism — is to take over basic functions and powers of the state.

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Destabilizing foreign governments, using NGOs like Avaaz as provocateurs, puts authentic non-profits and journalists at risk. Indeed, the imperial network of financiers like Soros makes NGO entrepreneurs in the pro-war champagne circuit accomplices in crimes against humanity.

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As affiliated entities, 350, Avaaz, Ceres, MoveOn and Purpose enable the Democratic Party to market itself as a friend of the environment and supporter of democracy, while simultaneously serving Wall Street’s agenda. What those familiar with serious fraud might call “the long con”. As Morningstar describes The Art of Social Engineering by Avaaz, the role they serve for their funders is not unlike that of corporate media.

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Paralyzed in a state of collective hypnosis, naive followers of the non-profit industrial complex have become missionaries of empire. From Bolivia to Syria, NGOs now help destabilize and overthrow foreign regimes hostile to American dominance. “Avaaz,” says Morningstar, “is arguably the world’s most powerful NGO”.

Internet Fraud: Avaaz, Purpose, 350

April 11, 2015

by Jay Taber

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Soliciting donations and selling memberships in an enterprise that is wholly contrary to that promoted on the Internet is a federal felony in the United States. Internet fraud in the US is policed by the Federal Trade Commission, and prosecuted by the U.S. Attorney General.

Avaaz, Purpose and 350 use the Internet for fraudulent purposes, i.e. “humanitarian intervention” and fossil fuel divestment campaigns. As these organizations are a product of the Democratic Party, and tools of Wall Street moguls like Buffett and Soros, they will not be prosecuted for fraud.

They could be charged under international law for abetting crimes against humanity, but with the UN controlled by the US, this will not happen. That leaves civil society moral sanction. Moral sanction against these NGO adjuncts to the U.S. Department of State and Department of Defense, because they are politically immune to prosecution by the Department of Justice.

 

 

[Jay Taber is an associate scholar of the Center for World Indigenous Studies, a correspondent to Forum for Global Exchange, and a contributing editor of Fourth World Journal. Since 1994, he has served as communications director at Public Good Project, a volunteer network of researchers, analysts and activists engaged in defending democracy. As a consultant, he has assisted indigenous peoples in the European Court of Human Rights and at the United Nations.]

 

 

Fetishisms of Apocalypse

The Corner House

by Larry Lohmann

Note: An excellent interview with Larry Lohmann follows this piece.

September 20, 2014

Climate change and other environmental campaigns often try to mobilize people around the idea of avoiding apocalypse. This short piece for Occupied Times explores some of the weaknesses of this approach.

To anybody who has ever gone around Europe or North America giving talks or workshops on environmental politics, the scene will be familiar. At some stage a person sitting in the front row will stand up to wonder aloud what the point of the discussion is given that the world is going to hell so fast. A list of terrifying trends will then be laid out. At least three “planetary boundaries” out of nine have already been breached. Humanity now appropriates between 20 and 40 per cent of nature’s net primary production. The proportion of atmospheric carbon dioxide is now higher than it was 10 or 15 million years ago, when sea levels were 100 feet above current levels. If temperatures continue to rise and release even a small amount of the carbon still locked up in the soils and ocean bottoms of the Arctic, we’re fucked. If any doubt remains about whether apocalypse is really on the way, just look at all those crashed civilisations of the past (Easter Island and the Maya are regularly invoked) who also failed to pay attention to “ecological limits”.

The tone of the recital is that of a grim call to order. Those present have just not been registering the facts, and clearly the volume has to be turned up. Why sit around sharing experiences of financialisation, environmental racism, or the enclosure of commons when climate change is about to fry all of us? There’s no time for social transformation. Ruling elites have to be persuaded to act in their own interest now. So obvious is all this to the person in the front row that at this point they may just get up and leave – not so much in protest at the triviality of the proceedings nor out of conscious disrespect for the other participants as from a sense that now that the people present have been alerted to the situation, it’s time to take the message elsewhere.

In a meeting of the kind I describe, the front-row apocalyptician will probably get a respectful hearing. This is a person, after all, in possession of an impressive body of research and statistics – and who is more than justified in insisting that the status quo is untenable. Yet one or two things are likely, rightly, to raise a tremor of unease among those present.

One is the implicit dismissal of class politics. The apocalyptician’s reasoning is as follows. We’re talking about a catastrophe that could kill everybody and everything. Who could have an interest in bringing that on? No need now for the Marxist project of trying to understand how capital accumulation continually recreates human interest in destruction, because, ex hypothesi, no one could ever want destruction to that extent. Catastrophic climate change makes distinctions between hotel room cleaners and hedge fund managers irrelevant. “People” become the universal political subject. Climate politics moves out of the realm of, say, class struggle between workers in Chicago and the financiers of energy projects that pollute their neighbourhoods, or between indigenous bands in the Amazon and the oil companies despoiling their territories. Instead, it becomes – to quote the words of US climate movement guru Bill McKibben – a battle in which generic “human beings” collectively learn to submit to the Great Other of “physics and chemistry”.

For the apocalyptician, the spectre of universal catastrophe may look like a good way of rallying a middle class who may not directly suffer from the impact of fossil-fuelled globalisation. But for many listeners, to flatten out existing social conflict in this way feels disempowering. If the threat of global collapse is supposed to spur us all toward concerted action, why does it seem instead to paralyse the political imagination, spook ordinary people into putting their rebellious instincts on ice, and deaden discussion among different social movements about the lessons of their struggles? Why does it lead so easily to despair or indifference – or even to a sort of sado-masochistic or death-wishy pleasure in the pornography of doom? And why do the remedies proposed – “we need a crash programme to keep atmospheric concentrations of CO2 equivalent below 350 parts per million” – sound so parochial?

Indeed, instead of unifying political struggles, apocalyptic obsessions often seem to shrink transformative politics to the vanishing point. Slavoj Zizek has remarked that whereas it is precisely out of struggles against particular forms of oppression that “a properly universal dimension explodes … and is directly experienced as universal”, “post-political” campaigns against abstractions like “CO2” suffocate movement expansion because they close off possibilities for people to see their own strivings as a “metaphoric condensation” of global class struggles.

***

Yet isn’t the deeper problem with the appeal to apocalypse not that it is “apolitical”, but that it is all too political in a pernicious way? Not that it is “disempowering”, but that it is all too empowering of the technocratic and privileged classes?

Take climate apocalypse stories, which are currently reinforcing the old capitalist trick of splitting the world into discrete, undifferentiated monoliths called Society and Nature at precisely a time when cutting-edge work on the left – often taking its cue from indigenous peoples’, peasants’ and commoners’ movements – is moving to undermine this dualism. On the apocalyptic view, a fatally-unbalanced Nature is externalised into what Neil Smith called a “super-determinant of our social fate,” forcing a wholly separate Society to homogenise itself around elite managers and their technological and organisational fixes.

By “disappearing” entire peoples and their adaptations, this manoeuvre merely applies to the past the tendency of apocalypticism to hide the complexities of current conflicts involving imperialism, racism and capitalism.Thus disaster movies – not to mention the disaster stories broadcast on the news every evening – are not produced just to feed our sneaking joy in mayhem. They also present narratives of technocratically-minded stars responding on our behalf to “external” threats in which they are portrayed as having played little part. Books like Collapse by Jared Diamond, meanwhile, replace complicated political stories of long-term survival, struggle, and creative renewal among civilisations like those of the Easter Islanders or the Maya with fables of apocalypse and extinction in which one non-European society after another supposedly wipes itself out through its rulers’ failure to “manage” the Menace from Nature. By “disappearing” entire peoples and their adaptations, this manoeuvre merely applies to the past the tendency of apocalypticism to hide the complexities of current conflicts involving imperialism, racism and capitalism.

The expert Intergovernmental Panel on Climate Change (IPCC) follows the same procedure, avoiding collective inquiry into the ins and outs of capital accumulation in favour of a simplistic narrative pitting Society against a Nature consisting of greenhouse gas molecules. Except that unlike the apocalyptician visiting the activist meeting, who chooses to get up and leave after speaking, the IPCC is actually statutorily required to “present the global warming science” as if it contained a politics-free message from Nature itself, requiring no discussion, and then get up and walk out in order to allow the sanitised missive to sink into Society (a.k.a. the delegates to the UN Framework Convention on Climate Change).

Although they can hardly be accused of drawing back from analysing the dynamics of capital, some flavour of this approach lingers on even among some thinkers on the left such as John Bellamy Foster and Naomi Klein, who, contemplating apocalypse, are tempted to fall back on creaking Cartesian slogans according to which not only does Capitalism act on a wholly separate Nature (“Capitalism’s War on the Earth”), but Nature itself somehow acquires that long-coveted ability to overthrow Capitalism (“This Changes Everything: Capitalism vs. the Climate”).

***

Apocalypse stories are always about rule. Every community, perhaps, recounts its own apocalypses, paired with its own ideals of elite or revolutionary response. St. John’s biblical apocalypse found its answer in God’s infinite love. In early capitalist England, the threatened apocalypse of rebellion on the part of an emerging, uprooted proletariat was countered by, among other things, a new discipline of abstract Newtonian time that promised to keep everyone in line. Marxist visions of capitalist  apocalypse are typically matched with projections of political redemption through revolution.   Southeast Asian millenarianists gambled on a moral cleansing of the worldly order, as do some  survivalists in the contemporary US, where doomsday religious rhetoric has often gone hand in hand
with rampant extractivism and free-market ideology.

The prototype modern apocalypse story is perhaps that of Malthus, with his 1798 vision of uncontrollably breeding hordes whose ravening after land would “sink the whole world in universal night”. Helping justify the Poor Law Amendment Act of 1834, Malthus’s tale also energised murderous 19th-century famine policies in British India, powered Garrett Hardin’s 20th-century polemics against commons and communism and serves as an unacknowledged foundation for countless World Bank economic reports and research projects in biology and “natural resource management”. Finding an echo in Enoch Powell’s “rivers of blood” apocalypse speech, it also haunts the immigration policies of UKIP and other British political parties.

Of equally enduring influence has been the slow-motion apocalypse prefigured by 19thcentury
thermodynamics: heat death, when capital can extract no more work from the universe, all the lights go out, and the machines rumble to a halt. While this particular catastrophe story has ceased to be the object of the obsessive brooding that it was among North Atlantic intellectual classes in the 1800s, it too remains active today, hovering ghostlike in the background of every post-Taylorian drive to sweat labour and other resources, as well as every energy-saving programme or excited politician’s appeal to the “white heat of technology” or “increased efficiency for national competitiveness”.

Al Gore’s famous documentary An Inconvenient Truth heightened viewers’ anxiety about global warming by enjoining them to think of themselves as frogs being slowly boiled alive, only to climax with a paean to capitalist competition and the “renewable resource” of US “political will”. In the global warming debate as well, apocalypse has come to be invoked mainly to tell us what will happen if we don’t adopt innovative business practices. Al Gore’s famous documentary An Inconvenient Truth heightened viewers’ anxiety about global warming by enjoining them to think of themselves as frogs being slowly boiled alive, only to climax with a paean to capitalist competition and the “renewable resource” of US “political will”. In Carbon, an August 2014 climate campaign video from the Leonardo di Caprio Foundation, cartoons of a rampaging, Transformer-like “fossil fuel robot” without a human face stomping around the planet laying waste to all living things alternate with interviews with bland, besuited North American and European technocrats and  politicians drawling about carbon prices as the solution to all our climate problems. Which half of this composite vision is the more terrifying is, for me, an open question.

Justice Matters – Larry Lohmann

Published on Mar 13, 2015 

https://www.youtube.com/watch?v=8hMmr4rgMWk

Avaaz: Mercenaries as Missionaries

Public Good

by Jay Taber

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Peace Bomb by Brian Stauffer

Wall Street NGOs, like the oil tycoon front group 350, pose a formidable challenge to indigenous peoples survival. By co-opting climate activists and deceiving them into supporting Wall Street’s agenda, NGOs like 350 and Avaaz undermine indigenous sovereignty and human rights.

As reported by Cory Morningstar in 350: Agent Saboteur, this Trojan horse — created by the Clinton Foundation and Rockefeller Brothers Fund, and fueled by Warren Buffett’s NoVo — hijacked the climate change movement from the outset. As noted in Social Capitalists: Wall Street’s Progressive Partners, the fraud is exposed by following the money.

In Avaaz: the World’s Most Powerful NGO, social engineering by the Democratic Party (MoveOn, 1Sky, Avaaz, Ceres, Purpose, 350) is shown to include both short and long cons, that consolidate Wall Street control of institutions, markets and NGOs. These mercenaries as missionaries, in turn, shape global society, using foundations as intermediaries.

 

[As an associate scholar of the Center for World Indigenous Studies and a contributing editor of Fourth World Journal, Jay Taber has assisted indigenous peoples seeking justice at the European Court of Human Rights and the United Nations. Since 1994, he has served as creative director at Public Good Project.]

A Message to Marketforces.org.au on Divestment & Direct Action

We Suspect Silence

October 31, 2014

by empathiser

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Below is the message I provided today with my 1 star Facebook review of Market Forces, the Australian divestment campaign group who work closely with 350.org, Lock the Gate Alliance, and Greenpeace.

“Is this what has become of activism? Eliciting cheers for too-big-to-fail banks with continuing and massive fossil fuel investment? I once worked beside you guys, we’ve both been labelled extremist. Divestment is a disease vector carrying with it the promise of a shinier business-as-usual. You are engaged in a program incubated and conceived by petro dollar rich elites. They want us to stay consumers, but for us to feel as if the world is changing for the better. Divestment is crowding out the air space for coverage of direct action. This is happening everyday on BigGreen social media. The same radical direct non violent action that all BigGreen leaders call for is being overshadowed by a content and messaging imperative.”

A friend called my reviews of green groups using the star rating functionality “social media arbitrage” after I discovered that Greenpeace Australia Pacific had removed their star rating functionality following my comments. Star ratings can’t be removed if they don’t breech standards, if you really don’t want the public to see a comment you have to remove the functionality altogether which is what Greenpeace Australia Pacific did.

Big greens like Greenpeace and 350.org don’t like to engage in discourse. They are happy to have Kumi Naidoo and Bill McKibben declare that it’s time for civil disobedience and then preside over a bunch of well promoted proof-of-concept actions, but when it comes to frontline action they are fundamentally exploitative. If you don’t believe me you just have to compare the social media feeds between Frontline Action on Coal and their alliance partners. BigGreen have caved in to main stream media’s dislike of content from the frontline where people are materially slowing the progress of mining.

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One of the very many Market Forces Facebook memes. Some of these have congratulated HSBC, CitiBank, Deutsche Bank, JP Morgan Chase, Barclays, Morgan Stanley, Credit Agricole, and so on.