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Extinction Rebellion Training, or How to Control Radical Resistance from the ‘Obstructive Left’

Extinction Rebellion Training, or How to Control Radical Resistance from the ‘Obstructive Left’

May 6, 2019

By Cory Morningstar

 

 

“New Power” – “The ability to harness the connected crowd to get what you want”

– Jeremy Heimans, co-founder Purpose/Avaaz, B Team Expert

 

Above: XR local coordinator training document. Diagram: The “US” circle on the top signifies Extinction Rebellion. The middle circle identifies “mostly obstructive” political activists (“hard left”) that must be bypassed in order to reach the bottom circle. The bottom circle represents the non-political citizens, the target audience of XR.

Background

Extinction Rebellion (XR) officially launched on October 31, 2018. On November 2, 2018, a video was uploaded to the Extinction Rebellion YouTube account. The video documents the training session held by XR co-founder Roger Hallam: “This was filmed at the Extinction Rebellion Local Coordinator training in Bristol. Roger Hallam explains some the key dynamics of building a mass movement from the level of personal resilience to creating system change.”

Here, it is critical to remind oneself, that this is the XR mass organizing model for the mobilization of a global citizenry. Consider between the official launch on October 31, 2018, in the UK, to December 6, 2018, it grew to over 130 groups, across 22 countries. By January 29, 2019, the Extinction Rebellion groups spanned across 50 countries. On April 27, 2019 XR reported they were nearing 400 branches globally.

The global expansion is being led by Margaret Klein Salamon [Source], founder of The Climate Mobilization, who launched the Extinction Rebellion US Twitter account on October 31, 2018 – the same day as the launch of Extinction Rebellion in the UK. The Extinction Rebellion demands are not only complementary to The Climate Mobilization’s emergency strategy now in motion; they are a mirror image of it with the slogan, “Tell the Truth”. [Further reading: The Manufacturing of Greta Thunberg – for Consent: The House is On Fire! & the 100 Trillion Dollar Rescue, ACT IV]

Training the XR Local Coordinators

Above: Extinction Rebellion co-founder Roger Hallam

During the training session, Hallam draws a chart with three circles. The small circle on the top signifies Extinction Rebellion – people that want to get things done. The middle circle is quickly identified as the contentious one. This circle identifies the “mostly obstructive”, highly political, a “hard left”, which must be bypassed in order to reach the bottom circle. The bottom circle, the largest in size, represents the non-political citizens, the target audience of XR: “The people who’re shitting themselves and want something to be done but aren’t highly political.” [Source: XR Local Coordinator Training]

Hallam:

“I’m just going to finish on something that’s a bit of a taboo subject, okay? But it’s another major issue you’re going to find when you organize, which is difficult, political people.

 

Okay, so I’m going to do a little chart here.

 

You usually find, like most of us people in this room, that are really political, but we’re really practical because we want to get some things done. Okay?

 

And then below us, in inverted commas, there’s another group of people that are really political and don’t want to get things done, because they’re so political. (lots of laughter). I will separate those people out in a minute.

 

And then below that, this is like a thousand times bigger, they really want to do something well there actually not political, you see what I mean.

 

These people really want to get things done. Then they go down here and try to involve these people, and these people basically grind it to death.”

Hallam speaks of the dangers posed by the “extreme hard left” viewpoints, “extreme intersectionalism” (“we need to be all perfect and that sort of stuff”), extreme desire for diversity, “extreme veganism”, etc. His examples are deliberately misleading and ridiculous. His mention of anarchism provokes more laughter.

Hallam concedes “and often they’re right” yet has zero interest in empowering this group to further empower the bottom “non-political” masses targeted by XR. Rather, his aim is to recruit the ones that can be persuaded into adopting pragmatism, while silencing those that refuse to conform.

In the Rebellion business, ethics isn’t a driving force, rather it is a detriment:

“Look, all the most effective movements have a central concept and that concept is balance. Balance the pragmatic need and the ethical imperative to change society versus the need to be eternally ethical.”

The message is clear – target the practical and pragmatic. Distance yourself from the self-centered “purists”.

“They’re [the 20%) not actually interested in political effectiveness. They’re interested in a political approach that makes them feel good.”

Although XR claims, “We are working to build a movement that is participatory, decentralised, and inclusive” – this runs in stark contrast to XR’s own conduct:

“The name of the game is to bypass these people, or at least recruit the little bit of them that get it … and go down here. And that’s how we’ve managed to mobilize thousands of people in three months. By having a public meeting. And if the public meeting is constructed around participative principles, you won’t have the SWP [Socialist Workers Party] guy standing up at the end. Everyone’s feeling good and he does a rant about how it has to be socialist, otherwise it’s rubbish. Which brings everybody down. It happens over and over again. And how we do that, we don’t have a Q & A. Q&A’s encourage nerdy people and absolutists, (laughter), we all know this, right? I mean you can have a Q&A if you’re super confident and you’re in a group of people that are generally like, in the real world, but if you have a public meeting 8o% of the people will be normal people, who are basically interested in the issue, and 20% of the people will be political absolutists. And they will there to appropriate your energy.”

And this ideology upheld by Hallam is the very foundational ideology being taught, encouraged and nurtured by Extinction Rebellion. Hallam: “This is how you mobilize lots of people.”

This , in essence, forms the key strategy of Extinction Rebellion. To isolate radical voices and to dominate the narrative. While targeting the non-practical and pragmatic. A narrative and an orchestrated campaign that serves the ruling class. To give a faux sense of inclusion, while mocking those who have, first and foremost, an allegiance to the Earth. Framing those who recognize that the very capitalist system destroying all life on our finite planet, will not and cannot be magically reformed to save us, as “political absolutists”. As Hallam effectively frames those identified in the middle circle as not “normal”, he seeks assurances from his students by ending sentences with a pleasant “yeah?” and “okay?”, at which point – largely due to the power of conformity in a group setting – they agree. Laughter ensues. There is no challenge to Hallam’s diatribe. The deliberate framing of those that do not conform as “obstructive” is effective social engineering.

Although Extinction Rebellion takes no position against capitalism, Hallam has no issue with taking a swipe at socialism. Using the Mondragon experiment in Spain as an example, Hallam explains that the central concept must be balance, “not socialism or anything”.

These are the main points captured by/for the XR Local Coordinators:

“They’re [the middle group] not interested in political effectiveness, they’re interested in things being perfect and good. This is not a personal judgment, but it won’t help.”

 

The majority, to be herded like cats (GCCA/TckTckTck – Global Call for Climate Action) are “[T]he people who’re shitting themselves and want something to be done but aren’t highly political.”

 

“Don’t have a Q & A. This allows the extreme people who want it to be one way to bring everyone else down.”

 

80% are normal people [and] 20% political absolutists. There to appropriate your energy.”

 

“It’s not about climate change information, it’s about the emotional way that we say it – needs to create that emotional response, personal reactions are incredibly powerful.”

For XR leadership, the enemy of Rebellion is not corporate dominance such as Unilever or Volans (as recently confirmed by XR Business). The enemy of Rebellion is not the capitalist economic system devouring everything in its path. The enemy of the Rebellion is the radical activist, prepared to defend the Earth “by any means necessary”.

 

Pacifism as Pathology

“In certain situations, preaching nonviolence can be a kind of violence. Also, it is the kind of terminology that dovetails beautifully with the ‘human rights’ discourse in which, from an exalted position of faux neutrality, politics, morality, and justice can be airbrushed out of the picture, all parties can be declared human rights offenders, and the status quo can be maintained.” —  Arundhati Roy, How to Think About Empire

Hallam recommends to his students that they study: “The Psychology of Persuasion“, “The Radical Think Tank” (“How to Win“), and “This is an Uprising” by Mark Engler (with glowing forewords by 350.org’s Bill McKibben and Naomi Klein).

Here, is another orchestrated and ongoing effort to further pacify the working class in servitude to the state. One would be wise to toss “This is an Uprising” and instead read “Bloodless Lies: Book Review of This is an Uprising” (November 7, 2016). This is an excellent example of what those enmeshed in the non-profit industrial complex do not want you to read.

Rather than educating citizens why it is paramount that we become revolutionaries in order to protect the last vestiges of the natural world, Hallam encourages his newly-minted coordinators to embrace the role of “generalists”. [XR Generalists: “run meetings, be good with people, know how society changes, etc.; Revolutionary theorists – hard work is already done!; Books to read – This is an Uprising (Mark Engler)”] [Source]

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The Elites in Service to Capital

As touched upon in the conclusion of the Manufacturing Greta Thunberg for Consent series, ACT VI, Extinction Rebellion ties to some of the world’s most powerful NGOs at the helm of the non-profit industrial complex (Avaaz, 350.org, Greenpeace et al.). A largely white-led movement serving white power.

XR co-founder Gail Bradbrook, is also highly influential with decade-long ties to the tech industry. In his workshop, Hallam chuckles when he laments, “Like Gail, she’s got these connections with the elites. She’s on the phone with George [Monbiot]”. Bradbrook’s “connections with the elites” is no exaggeration. Featured in “The Financial Times”, the prestigious publication writes of Bradbrook: “Clad in a crimson coat and matching hat as she dashes between fundraising discussions with a London hedge-fund owner and meetings to rally Extinction Rebellion volunteers…” Indeed, “activism” has never been so en vogue, and a £50,000 donation by a hedge-fund owner to Extinction Rebellion [Source], raises no eyebrows whatsoever. It is safe to say that the hallowed out remnants of Western environmentalism have reached a new stage of commodification and normalization of such. This is not rebellion. This is business. Of course Bradbrook is not the only elite at the helm.


Above: Farhana Yamin at the prestigious Extinction Rebellion headquarters [Photo: Vice]

Farhana Yamin is “one of the movement’s leading voices” in Extinction Rebellion (Financial Times). Yamin who “spent 27 years in UN climate negotiations” and “helped midwife the 2015 Paris Agreement to curb greenhouse gas emissions” serves as a board member/trustee to Greenpeace. [Source: The rise of Extinction Rebellion, The Financial Times, April 12, 2019]

“Yamin, the international lawyer, who is also a trustee of Greenpeace UK and will soon take up an advisory role at the World Wildlife Fund, wants to build a bridge with existing organisations to forge a much bigger “movement of movements”. “We need to tap into the new form of leadership that’s being asked of us now,” she says. [Source: “Extinction Rebellion, inside the new climate resistance”, The Financial Times, April 10, 2019]

Former Vogue “climate warrior” (2015), Yamin is the founder and CEO of Track 0: “Track 0 is an independent, not-for-profit organization serving as a hub to support all those transitioning to a clean, fair and bright future for future generations around the world compatible with the goals set out in the Paris Agreement. We convene leaders and provide strategic research, training, advice, communications and networking support to governments, businesses, investors, philanthropies, communities and campaigns run by civil society.”

Partners of Track 0 include GCCA (TckTckTck), CAN (Climate Action Network), Avaaz, ClimateWorks (The Climate Group, We Mean Business), The Rockefeller Foundation, E3G (founder of GCCA), The Prince of Wales Corporate Leaders Group, European Climate Foundation and Chatham House. [Full list]

Advisory members of Track 0 include Sharon Johnson, “CEO Havas Media Re:Purpose”. This is incredible yet not surprising as Havas created the 2009 TckTckTck campaign a decade ago. Other advisory members include Betsy Taylor (served on boards of One Sky which merged with 350.org, Ceres, The Climate Mobilization, etc.), and Bernice Lee, Director, Climate Change at World Economic Forum.

One can glance through the Track 0 “Individuals & Organizations on Track” section to understand who is considered “on track” for “net zero” by Yamin et al. Certainly not those obstructionists found in Hallam’s middle circle.

In addition to founding Track 0, Yamin is an associate fellow at Chatham House and a member of the Global Agenda Council on Climate Change at the World Economic Forum.

Above: Track 0, Twitter

Yamin served as an adviser to the European Commission on the emissions trading directive from 1998-2002, later serving as special adviser to Connie Hedegaard, EU Commissioner for Climate Action. “She is lead author of three assessment reports for the Intergovernmental Panel on Climate Change on adaptation and mitigation issues. She continues to provide legal, strategy and policy advice to NGOs, foundations and developing nations on international climate change negotiations under the UNFCCC.” [Source]

As discussed in “A Decade of Strategic and Methodical Social Engineering”, while the International Policies and Politics Initiative and GCCA controlled the “movement” at COP15,  the same forces also controlled the message via the Carbon Briefing Service (CBS). The news service was launched by Jennifer Morgan (WWF, WRI, Greenpeace,etc.) and Liz Gallagher (E3G) in late 2014 with additional funding by the ClimateWorks Foundation, the Hewlett Foundation, the Oak Foundation, the Villum Foundation and Avaaz. [Source] Yamin was a participant of the invitation only group. [Source]

In 2015 Yamin attended a week-long retreat hosted by Avaaz. [Source]

Those who have read my past work as well as the Greta series, will know Greenpeace and World Wildlife Fund are both founders of GCCA (TckTckTck) – and are both at the helm of this faux movement. These NGOs and others at the helm of the non-profit industrial complex are tasked with creating another “Paris moment” momentum needed for the coming financialization of nature to be implemented in 2020 (#NewDealForNature) – as well as the unlocking of monies needed for the fourth industrial revolution (to save capitalism itself).

Above: Track 0, Twitter

Above: Avaaz endorsement by Christiana Figueres [Source: Avaaz website]

Above: Track 0 highlights, September 24, 2014

Here we witness the social-organizational psychology experts grooming tomorrows “new champions“, “global shapers” and “new power” “thought-leaders” as determined and ultimately dictated by the world’s most powerful elites. In the 21st century, psychology is not only an extremely important tool in influencing public opinion, it is now considered to be perhaps the single and most important tool. The necessity to comprehend the mental processes, desires and social patterns of the populace at large cannot be understated. Working in lock-step with controlled media and the best marketing executives foundation money can buy, today’s faux activists, thought-leaders and media lapdogs are the very mechanisms of modern-day perception.  – The Pygmalion Virus in Three Acts [2017 AVAAZ SERIES | PART II]

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[Further reading: The Manufacturing of Greta Thunberg – A Decade of Social Manipulation for the Corporate Capture of Nature, ACT VI – Crescendo]

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In 1966, Stokely Carmichael stated: “And that’s the real question facing the white activists today. Can they tear down the institutions that have put us all in the trick bag we’ve been into for the last hundreds of years?”

This is the real question facing legitimate activists today. Are we tearing down the institutions, or keeping them propped up? Extinction Rebellion has been tasked with the propping up of the very institutions we must dismantle. There is a reason manufactured “environmentalists” and celebrities are recognized as key influencers. It is a deliberate undertaking that Hallam recommends “Rules for Revolutionaries” (based on US Senator Bernie Sanders’s presidential run), rather than highlighting true revolutionaries such as Marilyn Buck, Malcolm X, or the land defenders on the frontlines today. The ones who often receive no press (until they are murdered). The ones that would belong to Hallam’s middle circle. It is a burying of radical political resistance. A reframing of resistance – into an obedient compliance. Note that Rules for Revolutionaries is written by Zach Exley, current advisor to US congresswoman Alexandria Ocasio-Cortez. It is notable that praise for the book, from a bevy of authors includes Robert B. Reich, author of Saving Capitalism.

The influencers for the ruling classes are worth their weight in gold.

We Mean Business – Top Ten Climate Change Influencers, Twitter

British actress/celebrity Emma Thompson, Extinction Rebellion festivities, April 19, 2019

Emma Thompson for Global Optimist. The Climate Optimist campaign, was launched in 2017 by The Climate Group, in partnership with Futerra

Emotion – Not Information

Another critical imperative Hallam highlights for mass mobilization is “emotion – not information”. Hallam laments that the people who will lead the “rebellion” will be young people:

“The last thing to reiterate is the emotion – not the information … so the people that are going to lead this rebellion are going to be young people, 14 & 15 year olds …omg – a 14 year-old is in tears, right?, on television, about what’s happening…”

Thus, a key strategy for XR was (and continues to be) “How to engage with younger people – youth mobilisation, talks in schools/colleges, figuring out how to engage on ‘youth’ social media.” [Source]

We Mean Business is ecstatic over the climate strikes. As is Christiana Figueres.

Figueres, an anthropologist, economist and analyst having studied at London School of Economics and Georgetown University presided over the negotiations that led to the 2015 Paris Agreement. For this achievement Ms. Figueres has been recognized as “forging a new brand of collaborative diplomacy”. With almost four decades of experience in multilateral negotiations, high-level national and international policy, coupled with extensive involvement in the corporate/private sector, in 2016, TIME magazine named Figueres one of the 100 most influential people in the world.

Today, Figueres serves as vice-chair of the Global Covenant of Mayors for Climate & Energy; member of the board of directors of ClimateWorks; World Bank Climate Leader; B Team leader, leader of Mission2020 (“exponential transformation” focusing on six sectors that will play a key role in municipal governments and “Green New Deals”); and board member of the World Resources Institute.

Christiana Figueres (top right corner) podcast series: It’s Going To Be Tremendous

When the oppressor and the oppressed find themselves cheering as one, this is indeed “tremendous” for the elites. Yet, as the designs of the ruling elites take hold, which is already well under way, we will soon recognize that the citizenry themselves were grossly manipulated to usher in a nightmare that would only further their own demise.

[Further reading: So who exactly is Christiana Figueres?]

Above: The We Mean Business newsletter, April 30, 2019

April 30, 2019: “Welcome to the April edition of the We Mean Business coalition newsletter…Amid fresh waves of protests demanding accelerated climate action, more and more businesses and policy makers are stepping up and delivering the level of systemic change required to meet the goals of the Paris Agreement.”

We Mean Business – “a coalition of organizations working with thousands of the world’s most influential businesses and investors.” The founding partners of We Mean Business are: Business for Social Responsibility (BSR) (full membership and associate members list), CDP (formerly the Carbon Disclosure Project), Ceres, The B Team, The Climate Group, The Prince of Wales’s Corporate Leaders Group (CLG) and World Business Council for Sustainable Development (WBCSD).

The Climate Group was incubated by Rockefeller Brothers Fund as an in-house project that later evolved into a free-standing institution.

Together, these groups represent the most powerful – and ruthless – corporations on the planet, salivating to unleash trillions of dollars for the fourth industrial revolution. This, coupled with the financialization of nature, will create new markets, reboot global economic growth, and most importantly, rescue the global economic capitalist system that is destroying our biosphere.

We Mean Business, February 20, 2019: “People are desperate for something to happen.” Twitter

Christiana Figueres, B Team Leader [Source]. The B Team is a founder of We Mean Business

Emotion To Mask Information: BioEnergy Carbon Capture Storage

“The Institute has a unique and unrivalled membership including governments, global corporations, private industry and academia. Amongst its representation, are the governments of the United States, the United Kingdom, China, Japan and Australia, and multinationals such as Shell, ExxonMobil, Toshiba, Kawasaki and BHP.” — The Global CCS Institute, website

In the May 3, 2019 Extinction Rebellion newsletter (#20), the subject line reads “Parliament meets our first demand!” In the body of text: “There’s plenty of more obvious good news, though – most prominently Parliament’s declaration of climate and environment emergency.” What XR does not share with the public is that the UK CCC climate legislation was a victory for the carbon capture and storage (CCS) industry. In similar fashion to the financialization of nature, carbon capture legislation and projects are making huge strides behind closed doors – with zero opposition.

Global CCS Institute, May 2, 2019, Twitter:

“The Institute welcomes @theCCCuk report, which recommends that the UK commits to cutting its greenhouse gas (GHG) emissions to net-zero by 2050 and highlights the crucial role #carboncapture and storage needs to play to achieve this goal.  #NetZeroUK #climateaction”

A zero emissions industrial civilization is not possible. For the continuance of industrial civilization, CCS is a necessity.  This is the promise of unabated business as usual. The future of energy will be dominated by the burning of our remaining forests, coupled with CCS. Akin to the depleted uranium left for future generations to contend with, CCS will inject the increasing CO2 into the ravaged Earth. This is the gift to be left to Greta Thunberg and the youth she inspires.  A gift to span generations.

More than this, “net zero” does not mean zero emissions. And it never did. Yet another inconvenient truth is that ‘The terms ‘net zero emissions’ and ‘carbon neutrality’ are interchangeable. This is the beauty of language and framing.

“Carbon Neutral is a term used to describe the state of an entity (such as a company, service, product or event), where the carbon emissions caused by them have been balanced out by funding an equivalent amount of carbon savings elsewhere in the world.” Carbon neutrality is most often sought/achieved through carbon offsetting (purchasing offsets, trading and projects).

Question by Richard Branson’s The Elders NGO to Farhana Yamin (2014): How is carbon neutrality different to ‘net zero emissions’?

Answer by Yamin: “The terms ‘net zero emissions’ and ‘carbon neutrality’ are interchangeable.”

Q: Global News, Dec 3, 2018: What is net-zero emissions?

A: Catherine Abreau, executive director of the Climate Action Network: “In short, it means the amount of emissions being put into the atmosphere is equal to the amount being captured.”

Militarism – as one of the key drivers of climate change, ecological devastation, and death of millions, remains a non-issue. The global “green new deals” guarantee further imperialism and an escalation in wars. These realities have been deliberately and successfully removed from the conversation. They are buried in the 20% circle with the purists.

“The evidence makes it clear. CO2 needs to be removed from the atmosphere, known as carbon dioxide removal (CDR), using negative emissions technologies (NETs) to meet global warming targets. Bioenergy with carbon capture and storage (BECCS) is emerging as the best solution to decarbonise emission-intensive industries and sectors and enable negative emissions.” — March 14, 2019, Bioenergy and Carbon Capture and Storage, The Global CCS Institute

 

“[F]or BECCS technology to be truly effective in reducing CO2 emissions, massive tracts of arable land need to be cultivated and these are not always available, or easily utilised.” The Global CCS Institute

Emotion to Mask Information: The Financialization of Nature

The next phase for the implementation of the financialization of nature commenced April 29, 2019 with the IPBES Global Assessment gathering (the IPCC for Biodiversity).

The “first global biodiversity assessment in 14 years”, will be released on May 6, 2019, with the expected “summary for policymakers” section. We can expect a top “scientific endorsement” for a full package of financialization of nature policy tools, including global metrics for valuation, commodification and offset schemes.

The five-day gathering was held last week at the UNESCO Headquarters in Paris, ending on May 4, 2019.

There were no protests.

Above: John Elkington: Co-founder of Volans, B Team expert (founded by Richard Branson, The B Team is a co-founder of We Mean Business), member of the WWF Council of Ambassadors, and Extinction Rebellion Business signatory (along with Gail Bradbrook, co-founder of Extinction Rebellion)

Together, these deals read like the biggest land grab since Britannia ruled the waves. This is the big deployment of measurement and financial instruments that the corporate sector, finance and ruling classes have developed. Every little bit of sequestration will be used to further satisfy natural capital ambitions under the guise of climate protection.

The public face of this grotesque undertaking are the campaigns “New Deal For Nature” and “Voice For The Planet”. These are being led by WWF – co-founder of GCCA. The NGOs comprising the GCCA have played the lead role in orchestrating the global mobilizations for climate change over the past decade, in full servitude to their funders.

The “Voice For the Planet” is especially egregious, as it is presented by the World Economic Forum “Global Shapers” youth group.

The gross exploitation of youth for capital expansion rivals only the gross exploitation of Indigenous peoples. The appropriation and utilization of Indigenous imagery to promote market solutions is long documented.

The world’s most powerful corporations and NGO partners appropriate Indigenous culture imagery for emotive branding as they unleash and uphold market “solutions” which further displace Indigenous peoples. They undermined the 2010 Indigenous led People’s Agreement and then buried it. They speak of Indigenous protection – while they actively promote “green” marketing schemes and “green new deals” that will further displace Indigenous peoples. That will further accelerate the ongoing genocide of Indigenous Peoples.

Promotional illustrations/video for Green New Deal by Alexandria Ocasio-Cortez, Naomi Klein and Avi Lewis for support of the New Green Deal

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They exploit the global youth to steal the natural world the beneath their feet.

They exploit the love for nature – to further enslave nature.

As GCCA co-founder WWF aids and abets Indigenous displacement, beatings and deaths, under the guise of conservation, GCCA partners are silent. This is the normalizing of a continued colonization repackaged under the guise of conservation and “green”.

Industrial civilization – is the enemy of the natural world. We defend industrial civilization – or we defend the planet. This is the choice. The question is, which side are we on?

And the answer to that question is perhaps the most terrifying thing of all.

 

“No One Believed in Capitalist Schemes and Promises Any More” part of the new “Scenes from the Revolution” series. Acrylic on canvas, 30″x30″, Artist: Stephanie McMillan

 

 

[Cory Morningstar is an independent investigative journalist, writer and environmental activist, focusing on global ecological collapse and political analysis of the non-profit industrial complex. She resides in Canada. Her recent writings can be found on Wrong Kind of Green, The Art of Annihilation and Counterpunch. Her writing has also been published by Bolivia Rising and Cambio, the official newspaper of the Plurinational State of Bolivia. You can support her independent journalism via Patreon.]

 

Further resources:

“Trees don’t grow on money – or why you don’t get to rebel against extinction”, by Tim Hayward

Climate Capitalists, by Winter Oak Press

“This Changes Nothing, The Paris Agreement to Ignore Reality”, by Clive Spash

Video: Selling Extinction, by Prolekult

Between the Devil and the Green New Deal

“New Power” – “The ability to harness the connected crowd to get what you want” – Jeremy Heimans, co-founder Purpose/Avaaz, B Team Expert

The Green New Deal has an AFL-CIO Problem

January 7, 2019

By Michael Swifte

 

Image: SARAH SILBIGER / eyevine

Not only does the #GreenNewDeal have an AFL-CIO problem, it has an International Brotherhood of Boilermakers problem, an International Brotherhood of Electrical Workers problem, a SMART Transportation Division (of the Sheet Metal, Air, Rail and Transportation Workers) problem, a United Mine Workers of America problem, a United Steel Workers problem, and a Utility Workers Union of America problem. These labor organisations are a problem for Alexandria Ocasio-Cortez, the climate cartel, the Sunrise Movement, and the Democratic Socialists of America because they are all members of the Carbon Capture Coalition which is supporting bipartisan efforts to expand tax credits for carbon capture from coal, gas, and oil for utilization in enhanced oil projects that result in geological storage of CO2.

The Carbon Capture Coalition was formed from the participants in the National Enhanced Oil Recovery Initiative. Executive Director of the Industrial Union Council at AFL-CIO, Brad Markell made this statement at the International Brotherhood of Boilermakers, Legislative Education Action Program (LEAP) 2016 conference:

[Carbon Capture and Storage] is something that those of us who work on energy in Washington are spending a lot of time on. It’s a must-have technology; it’s the way we are going to keep coal plants open in this country. It’s the way we’re going to take advantage of our hundreds of years of coal. [SOURCE]

Cory Channon, the Assistant to the International President and Assistant Director of Construction Sector Operations (Canada) for the International Brotherhood of Boilermakers made this statement ahead of last year’s Accelerating CCS Conference in Edinburgh, Scotland:

The Boilermakers can be part of the solution by insuring that, through the expansion and building of CCS plants, we will be there to complete the construction phases, maintain the work on schedule and on budget. This is our responsibility to every person and living thing on our planet. Please share our video and help us spread the word. [SOURCE ]

The video that Channon is championing is called ‘Bridge to a Clean Energy Future’. It’s a production of Boilermaker Videos and features an interview with Ian MacGregor, the Chair and CEO of North West Refining who are leading the development of the Alberta Carbon Trunk Line which is designed to transport liquefied CO2 sequestered from tar sands refining to depleted oil fields in the Williston Basin for use in CO2 enhanced oil recovery.

In the video MacGregor gives his opinion on those who believe we can achieve anything like 100% renewables by 2030 saying:

40% of the people believe that we’re going to be off petroleum in 10 years from now. Is that on Mars that they believe that?

MacGregor is only one of many corporate executives and CEOs engaged with labor organisations around CCS and enhanced oil recovery. Here is a list of some of the better known corporations participating in the Carbon Capture Coalition:

Air Liquide, Arch Coal, Linde LLC, Mitsubishi Heavy Industries America, Inc, NRG Energy, Occidental Petroleum Corporation, Peabody Energy, Shell [SOURCE]

Richard Trumka, American Federation of Labor and Congress of Industrial Organizations president, addresses members during the quadrennial AFL-CIO convention at Los Angeles Convention Center on Monday, Sept 9, 2013 in Los Angeles. The AFL-CIO plans to open its membership to more non-union groups in an effort to restore the influence of organized labor as traditional union rolls continue to decline. (AP Photo/Nick Ut)

 

AFL-CIO President Richard Trumka was very specific about his support for carbon capture and storage in his 2016 address to the Boilermakers Convention.

We know carbon capture, use and storage is necessary to reduce global emissions. The truth is, developing countries around the world are building coal-fired power plants as fast as possible. We can address climate change and be an international energy leader by investing in and developing clean emissions technology. It exists. Let’s make it work for us. [SOURCE]

DNC resolutions

In August 2018 only 2 months after it’s June 2018 resolution to reject fossil fuel industry donations, the DNC voted 30-2 in favour of a resolution submitted by DNC Chair, Tom Perez which specifically mentions “fossil fuel workers” and “carbon capture and storage”.

WHEREAS, these workers, their unions and forward-looking employers are powering  America’s all-of-the-above energy economy and moving us towards a future fueled by clean and low emissions energy technology, from renewables to carbon capture and storage to advanced nuclear technology; and

 

WHEREAS, to support fossil fuel workers in an evolving energy economy, we must commit to securing their right to a strong, viable economic future, which includes maintaining employment and their health care and pension benefits; [SOURCE]

In June 2018, Democrat Party strategist Christine Pelosi, daughter of Congresswoman and newly appointed House speaker Nancy Pelosi submitted a resolution to the DNC calling for a response to the negative effects caused by the burning of fossil fuel and “grassroots” action that resembles the efforts of the Green New Deal allies.  

WHEREAS, we Democrats have the opportunity to reform and revive our party by empowering diverse grassroots Democrats at the leadership table and in our communities including building on our recent successes with small donor fundraising programs;[SOURCE]

Climate cartel connections

On November 12, 2018 Alexandria Ocasio-Cortez was welcomed into the Congressional Progressive Caucus at the AFL-CIO Washington headquarters along with other new ‘liberal lawmakers’. Representatives of Move On and Indivisible were in attendance.

On December 3, 2018 Cortez joined Bernie Sanders, Bill McKibben, Van Jones and others at a ‘town hall’ event organised by the Sanders team. This was the unofficial kick off for the Green New Deal.

Van Jones is a noted author on green jobs, a fellow at John Podesta’s Center for American Progress, a member of the US Advisory Council of 350.org, and a former trustee of the Natural Resources Defense Council who were participants in the National Enhanced Oil Recovery Initiative for 4 years up until the creation of the Carbon Capture Coalition.

Jones’ connection to Podesta is reason for great concern. Podesta has been instrumental to philanthropic efforts to shape climate activism to suit the ambitions of the fossil fuel  industry. The ClimateWorks Foundation is at the center of a collection of foundations connected through an agenda setting document first published in 2007 called ‘Design to Win: Philanthropy’s role in the fight against global warming’. Indeed this document is the foundation of ClimateWorks’ efforts for the last decade. It lays out the imperatives for philanthropy to instil in the climate justice and environmental organisations that it incubates and funds.

The plain message from the ‘Design to Win’ is that when it comes to climate change, philanthropies should accept the inevitability of the implementation of carbon capture and storage for fossil fuels. In the intervening decade, with the expansive work of granting organisations like ClimateWorks, the global climate justice movement was incubated to be no threat to the left arm of the neoliberal machine (Democrats). Organisations like MoveOn, GetUp, Avaaz, Purpose, and ResPublica (which all share the same co-founders) play a pivotal role in circling climate activists around to the neoliberal agenda. The granting and incubation efforts of the ClimateWorks Foundation, Hewlett Foundation, Doris Duke Charitable Foundation, Energy Foundation, Oak Foundation, Joyce Foundation, and Sandler Foundation served to help maintain a concession/capitulation position in favor of fossil fuel and biomass based carbon capture and storage. The following passage shows that the underlying assumption for the authors of ‘Design to Win’ was always that coal could not be stopped:

Reduce emissions from unavoidable coal through carbon capture and sequestration (CCS). Even under the sunniest of scenarios, efficiency gains and expanded use of alternative energy sources won’t displace enough coal in the next two decades to forestall catastrophic climate change, so we must find a way to separate CO2 emissions from coal plants and store them beneath the earth. CCS, which remains in its infancy, deserves a critical push from philanthropy so that it can be rapidly deployed where demand for coal power is the greatest. [SOURCE]

Podesta, as a Clinton Global Initiative insider, and as the leader of a global granting body has been highly influential on the messaging and talking points used by the global climate justice movement. He has on several occasions revealed his leanings in regard to carbon capture and storage. He recently visited with Norwegian CCS promoting NGO, the Bellona Foundation.

ClimateWorks, in telling their own story, leave out the sewn-in concession/capitulation to CCS choosing to emphasize their support for ‘climate philanthropy’.

Committed to seeing these strategies put into action, three foundations — Hewlett, Packard, and McKnight — created ClimateWorks in 2008, with the goal of increasing philanthropic impact on climate change. During our first six years, ClimateWorks made hundreds of grants worldwide, helped build capacity in key regions, and collaborated with a network of partners to support research, policy advocacy, outreach and public engagement, all with the aim of reducing the emissions that cause climate change. [SOURCE]

45Q tax credits

45Q tax credits benefit coal and gas burners who sequester CO2 and pipe it to depleted conventional oil fields for oil drillers who use CO2 miscible flooding to liberate the remnant oil.

The expansion of 45Q tax credits which were first passed into law through the 2008 ‘bail out’ bill was achieved by the passing of the FUTURE Act. The passage of the FUTURE Act and the advancement of the USE IT Act represents the most significant bipartisan achievement of the Trump presidency. They were spearheaded by Democrat Senator for North Dakota, Heidi Heitkamp (outgoing) and Senator for Rhode Island, Sheldon Whitehouse.

Heitkamp’s press release announcing the successful passage of the FUTURE Act contained the following statement from AFL-CIO’s Brad Markell:

This is a good day for the climate and a good day for American jobs. These provisions will advance the use of technologies that significantly reduce greenhouse gas emissions, and will create high-paying jobs in the energy, construction and manufacturing sectors. [SOURCE]

Upon the introduction of the USE It Act Republican Senator for Wyoming John Barasso commended the leadership of Democrat senators and acknowledged the bipartisan efforts that brought the bills to their current state.

 In developing both the FUTURE Act and the USE IT Act, senators on both sides of the aisle have found areas of common ground.

 

I appreciate Senator Whitehouse’s leadership as we worked together to develop the USE IT Act. [SOURCE]

When the USE IT Act passed the US Senate Committee on Environment and Public Works Senator Whitehouse made this statement:

Building on the bipartisan cooperation behind the carbon capture and utilization tax credit, this bill can help get carbon removal projects rolling. It signals to utilities that we mean business and points the way for companies in Rhode Island and across the country finding innovative uses for carbon dioxide. [SOURCE]

Senator Heitkamp also underlined the significance of the bipartisan efforts that delivered the FUTURE Act and have helped advance the USE IT Act:

CCUS benefits a wide range of industries, paves a long-term opportunity for North Dakota lignite coal, and supports enhanced oil recovery efforts in the Bakken – all while reducing carbon pollution. Just as we were able to build strong bipartisan support for the FUTURE Act and eventually see it get signed into law, we’re now on the right track with the USE IT Act. Passage in this committee is an important step forward for jobs and economic progress in North Dakota, and an all-of-the-above energy strategy that supports American jobs and will help the U.S. become a leader in developing and selling CCUS technologies. [SOURCE]

The Carbon Capture Coalition statement on the FUTURE Act and the USE IT Act also celebrates the strength and “breadth” of bipartisan support for carbon capture and storage.

The bipartisan support for both bills was unprecedented for legislation of its kind, spanning the political spectrum from all regions of the country and underscoring the breadth of support for carbon capture. [SOURCE]

Mike Langford, National President, Utility Workers Union of America, AFL-CIO also applauded bipartisan efforts and repeated the call for new CO2 pipelines.

The Utility Workers Union of America applauds the bipartisan work of the Senate Environment and Public Works Committee in moving the USE IT Act one step closer to becoming law. In seeking to facilitate the build-out of carbon dioxide pipelines and supporting research into carbon dioxide capture and utilization, the USE IT Act promotes cutting edge technology, enabling the creation of entirely new energy systems that will sustain family-supporting jobs and healthy communities for decades to come. [SOURCE]

All the things that wont change

Copper Mines photo(s) Edward Burtynsky, courtesy Nicholas Metivier Gallery, Toronto EDWARD BURTYNSKY / OTTWP

Exploding oil trains, mountain top removal, poisoned and destroyed aquifers, poisoned rivers, oil spills, gas leaks, exploitation and violence against Indigenous people, and the continued hegemony of fossil fuel loving, consumer-overconsumption-driving global elites will continue if the proponents of the Green New Deal do not address the political will for carbon capture utilization and storage as demonstrated by a large segment of North American industrial labor organizations.

Some people will tell you they don’t think CCS is viable, but it is clearly what the big corporations want. They have convinced the big labor organizations to support their plans with the help of philanthropies who spend money with prejudice to incubate activist groups and NGOs with a built in blind spot for the political will. Activist groups like the Sunrise Movement, and political leaders like Alexandria Ocasio-Cortez need to call out those democrats who steered and voted for bipartisan tax credit expansion for fossil fuel energy generation, refining and extraction. If they don’t then the Shangri-La of “100% Renewable” energy will be put even further beyond reach.

Sunrise political director and co-founder, Evan Weber

What we are seeing in the collaboration of the Democratic Socialists of America and the Sunrise Movement – almost certainly incubated by the climate cartel – is the exploitation of a political moment to use ‘climate’ as an object of propagandization to carry particular talking points to the public. The non-profit industrial complex with it’s interlocking directorate of behavior change, movement incubation, and networked governance agencies built this opportunity to propagandize reformist measures to tackle impossible goals while framing out the well funded and impending reality that fossil fools will do everything, absolutely everything they need to do to get their way.

 

[Michael Swifte is an Australian activist and a member of the Wrong Kind of Green critical thinking collective.]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

McKibben’s Divestment Tour – Brought to You by Wall Street [Part IX of an Investigative Report] [Mainstreaming Sustainable Capitalism]

The Art of Annihilation

April 30, 2015

Part nine of an investigative series by Cory Morningstar

Divestment Investigative Report Series [Further Reading]: Part IPart IIPart IIIPart IVPart VPart VIPart VIIPart VIIIPart IXPart XPart XIPart XIIPart XIII

 

“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, faux green organizations (in contrast to legitimate grassroots organizations that do exist, although few and far between) and self-proclaimed environmentalists, who consider themselves progressive will speak out against the commodification of nature’s natural resources while simultaneously promoting the toothless divestment campaign promoted by the useless mainstream groups allegedly on the left. 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, environmental “markets” and the like). This tour de force will be executed with cunning precision under the guise of environmental stewardship and “internalizing 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 institutions most accommodating in the non-profit industrial complex (otherwise known as foundations), the corporations need not lift a finger to sell this pseudo green agenda to the people in the environmental movement; the feat is being carried out by a tag team comprised of the legitimate and the faux environmentalists. As the public is wholly ignorant and gullible, it almost has no comprehension of the following:

  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 – an extraordinary fait accompli of unparalleled scale, with unimaginable 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 that all corporations on the planet (and therefore by extension, all investments on the planet) are dependent upon and will continue to require massive amounts of 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 beautiful (marketing) imagery as a panacea for our energy issues, yet they are illusory – the fake 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.

+++

 

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.”

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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]

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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.

 

Next: Part X

 

[Cory Morningstar is an independent investigative journalist, writer and environmental activist, focusing on global ecological collapse and political analysis of the non-profit industrial complex. She resides in Canada. Her recent writings can be found on Wrong Kind of Green, The Art of Annihilation, Counterpunch, Political Context, Canadians for Action on Climate Change and Countercurrents. Her writing has also been published by Bolivia Rising and Cambio, the official newspaper of the Plurinational State of Bolivia. You can follow her on twitter @elleprovocateur]

 

EndNotes:

[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.

Digital Marginalisation and Obfuscation in the Messaging Sphere

We Suspect Silence

March 10, 2015

by empathiser

This morning I woke to discover that Bill McKibben @billmckibben had started to follow me on Twitter. How strange I thought. I’d been expecting to be blocked just like I was by @naomiaklein @bencaldecott @market_forces @350australia. I figured since I was blocked without breaching any kind of community standards it would only be a matter of time before Bill McKibben and @BobBurtonoz blocked me too.

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I’ve got a couple of theories about why I was blocked. I’ve been following the political will around carbon capture and storage (CCS), and highlighting the silence from the BigGreen NGOs and the well connected pundits and commentators. Some of my posts were getting noticed, they appear at the end of conversations, unacknowledged by the recipients. My posts stood out perhaps because they were talking about the silences and were returned with silence.

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This week The Guardian has rolled out the red carpet for Bill McKibben and Naomi Klein. Both were quoted and cited repeatedly in departing editor Alan Rusbridger’s “personal manifesto” introducing the thinking behind his series on the climate crisis that will dovetail perfectly into Naomi Klein’s ‘changes nothing’ tour at the end of the month. Already we have seen this series explain divestment, tackle divestment myths, and release excerpts from Naomi Klein’s most recent book.

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In my first conversation with Bill McKibben he wriggles out of providing an opinion on Shell’s plans for CCS, and enhanced oil recovery (EOR) in the North Sea. I highlighted the fact that Shell’s Red Balls/Peterhead Gas CCS ad campaign was very public on the weekend he spoke at Chatham House and asked why he has never spoken about the threat posed by CCS and EOR in the North Sea.  His first response was to direct me to this article from Quartz reporting his appearance at Chatham House. Adam Epstein’s article doesn’t show that he spoke against the Peterhead CCS project that was being advertised in London on large billboards in tube stations using artwork produced by Carbon Visuals.  I suspect Bill McKibben was intimating that drilling for oil in the arctic is also a fossil fuel frontier. Who knows? It’s Naomi Klein’s talking point. For me new fossil energy frontiers are defined by dangerous new technology to combat scarcity, like fracking. Either way, Bill McKibben was right there in front of the people whose ads for an incomprehensibly dangerous nascent industry that stands to benefit from future trade in CO2 while providing demand for coal mining and an increased life span for oil extraction were plastered all over the city and he didn’t raise the issue, he never has.

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Like Ben Caldecott (Carbon Tracker, Green Alliance, Stranded Assets Project), Shell seem to be everywhere they want to be. Not only are they very well connected in the venerable home of silence, Chatham House, but they have their collaborators smoothing the path for them at The Guardian. The article that prompted me to remind Bill McKibben that he has yet to offer an opinion about Ed Davey’s plans for unabated coal appeared on Saturday, March 7 in The Guardian’s Sustainable Business Leadership section sponsored by Xynteo, a group with some heavy weight fossil fools like Shell, Woodside, and Statoil. Xynteo have an astounding motto  “We are reinventing growth”.  They certainly sound well positioned for the world that Ed Davey is envisaging.

<> on September 15, 2013 in Glasgow, Scotland.Ed Davey? You can find out what he thinks here.

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The London ‘Red Balls’ ads by Carbon Visuals who also did work for the 350.org Do The Math tour and the World Business Council for Sustainable Development – ‘CCS a 2 Degree Solution’ video.