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NGO’s Are Bad Mkay

consciousness activism

July 10, 2016

by Jay Taber

 

Environmental Non-Governmental Organizations are funded by profit-driven corporations that destroy the planet and the lives of poor and indigenous peoples.

The United Nations likewise cannot be trusted because they also cooperate with multinational mega-corporations that perpetrate systemic violence in the name of predatory capitalism.

A) True

B) False

UNITED-NATIONS-4

 

The DeKlein of Logic. The Art of Conflation

The Art of Annihilation

The following is an excerpt from Part thirteen of the Divestment Investigative Report Series [Further Reading]: Part IPart IIPart IIIPart IVPart VPart VIPart VIIPart VIIIPart IXPart XPart XIPart XIIPart XIII

Khrizantemy-Chrysanthemums-Yevgeni-Bauer-Vera-Karalli-(10)-Vera-flower-drop

 

 

 

 

 

 

 

 

Chrysanthemums (translit. Khrizantemy; 1914): a “conflation of art, performance, and death”  [Source]  

 

With the 350.org divestment movement and Klein at the helm, in addition to its in partnership The Guardian (who has also partnered with Klein personally outside of 350.org) and endorsement from the UN, 350.org et al have a position in the media to create mobilizations on cue, simply by calling out on its army of divestment students, now global in scope. On the This Changes Everything website it should be noted that within Klein’s bio, 350.org continues to be referred to as a global grassroots movement. Disregarding the fact that 1Sky (which merged with 350 in 2011) was an incubator project of the Rockefeller Foundation; it is still an NGO whose annual incomes exceeds millions; and rewards staff with six-figure salaries. Due to its now global size (not to mention its oligarchic origins), 350.org is very far removed from the true concept of grass roots. The word disingenuous, in regard to this claim, is an immense understatement.

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conflation
verb from ‘conflate’
occurs when the identities of two or more individuals, concepts, or places,
sharing some characteristics of one another, seem to be a single identity
— the differences appear to become lost.

bono clinton 2007

2007: “Former President Bill Clinton and musician Bono appear on stage during ‘Giving – Live At The Apollo’ presented by the MTV and Clinton Global Initiative at the Apollo Theater on September 29, 2007 in New York City.”

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2008: “U2 singer Bono speaks with Al Gore during the opening session of the Clinton Global Initiative (CGI) on Sep. 24, 2008, in New York City. Gore attended the fourth annual meeting of the CGI, a gathering of politicians celebrities, philanthropists and business leaders to discuss pressing global issues.” (Spencer Platt / Getty Images)

In the October 12, 2007, CNN article The Bono-ization of Activism, Klein (rightly) criticizes the “Bono-ization” of the protest movement:

“…the new style of anti-poverty campaigning, where celebrities talk directly with government and business leaders on behalf of a continent (such as Africa) is another form of “noblesse oblige” where the rich and powerful club together to ‘give something back.’ “They are saying we don’t even need government anymore, it’s the replacement of nation states with corporate rule — this Billionaires Club, including Bill Clinton that gets together to give a little something back.”

And yet, eight years later, Klein has fully immersed herself in this same (yet even more powerful) “Billionaires Club”, having replaced nation states with corporate rule. If anyone could be characterized as embracing “another form of ‘noblesse oblige’” it is Klein, the 350.org NGO she serves, and the climate cartel they run with—inclusive of Wall Street.

In 2007, Bill McKibben launched the national ‘Step It Up’ campaign (Clinton Global Initiative Commitment 2007) targeting members of the U.S. congress to be ‘real leaders’ on climate change. Presidential candidates including Senators Barack Obama, Joe Biden, and Hillary Clinton attended Step It Up events and issued statements of support for 1Sky’s goals. Step it Up then morphed into 1Sky. 1Sky was an incubator project of the Foundation at its inception. [Further reading: Rockefellers’ 1Sky Unveils the New 350.org | More $ – More Delusion] At the 2007 Clinton Global Initiative, then President Clinton announced the 1Sky campaign. [Video, September 29, 2007: 1Sky at Clinton Global Initiative published by Step It Up][Clinton Foundation Press Release, Sept 27, 2007: “Working with partners 1Sky will raise $50 million to advocate for a simple set of goals and policy proposals to improve the federal government’s policies on climate change.”]

Four years (2011) after voicing very strong criticisms of the anti-poverty campaign’s engagement with Bill Clinton, a campaign that coincided with the 2007 Step It Up and 1Sky alliances with the Clinton Foundation, Klein would choose to serve on the 350.org board of directors as it officially merged with 1Sky.”

Klein: “What’s complicated about the space that Bono and Geldof (Bob Geldof, founder of Live Aid) are occupying is that it’s inside and outside at the same time — there’s no difference. What’s significant about the Seattle movement (the WTO protests in 1999 and 2000) is that it’s less the tactics but the fact that it identifies that there are real power differences, winners and losers in this economic model.”

In similar fashion, the space that 350.org and the NPIC “are occupying is that it’s inside and outside at the same time – they are part and parcel of the same elite power structures Klein criticizes. There’s no difference.” Like Bono’s Live Aid that Klein condemned, the divestment campaign, that Klein actively promotes, deliberately avoids the fact that “there are real power differences, winners and losers in this economic model.” (i.e. the divestment model)

“Klein believes when celebrities such as Bono engage in talks with world leaders at forums such as Davos they are legitimizing the structures in place, and the inequalities that arise from these structures, rather than promoting any radical change; “The story of globalization is the story of inequality. What’s been lost in the Bono-ization is ability to change these power structures. There are still the winners and losers, people who are locked in to the power structures and those locked out.” [The Bono-ization of Activism]

The official Road to Paris website cites Klein is one of the top twenty influential women in respect to this year’s “Road to Paris, United Nations, Conference of the Parties” (with McKibben being cited as one of the top influential men). Like Bono lending legitimacy to Davos, Klein’s and McKibben’s luminary (and manufactured) status is being fully utilized in the same fashion: legitimizing the structures in place, and the inequalities that arise from these structures. While Klein spoke to Bono’s legitimizing of globalization and inequality, 350’s partnership with the United Nations is stealth marketing that serves to whitewash the United Nations pivotal role as part of the finance/credit cartel subverting state sovereignty and undermining Indigenous autonomy. [Absence of the Sacred]

Failure to publicly expose and condemn the third pillar of the new economy, that of the commodification of nature via implementation of ecosystem services accounting, not only legitimizes the current power structures in place, but expands and insulates them beyond reproach. The inequalities that arise from this one single, and most critical, false solution (of many) not only legitimizes inequalities, it guarantees the finish line for the ongoing genocide of the world’s Indigenous peoples—nothing less than total annihilation. The NPIC, as the third pillar of contemporary imperialism, [3] which Klein has submerged herself in, ensures current power structures are not only kept intact, but strengthened and insulated.

Of course, this is not the first time 350.org has taken to subverting state sovereignty and undermined Indigenous autonomy.

“Bono’s Red initiative is emblematic of this new Pro-Logo age. He announced a new branded product range at the World Economic Forum in Davos Switzerland last year called Product Red. American Express, Converse, Armani and Gap were initial partners, joined later by Apple and Motorola. The corporations sell Red branded products, with a percentage of profits going to Bono approved causes. In this Pro-Logo world there is an irony of consuming to end poverty. Perhaps an even bigger irony: through initiatives like the Red card, consumer culture and branding is buying a stake in anti-globalization and alleviating poverty movement.”

The global divestment campaign (as was the Stop the KeystoneXL! campaign) is emblematic of the increasingly sophisticated, 21st century Pro-Logo age. Today, Bono’s 2008 branded product range promoting his ‘Product Red’, has been replaced in the public realm, with the divestment campaign’s ‘Fossil Fuel Free’ Funds and portfolios (while in the background, hedge funds and private investments comprise the portfolios of the ultra wealthy). Responsible Endowments Coalition, Energy Action Coalition, Sierra Student Coalition, As You Sow, Better Future Project, Better Future Project (financed by Wallace Global Fund) and Ceres were initial partners, joined later by the Guardian and the United Nations. In this “capitalism vs the climate” world, there is a strengthening/expanding of capital markets to counteract capitalism. Perhaps an even bigger irony: through initiatives like the global divestment campaign, investment (which furthers consumption/consumer culture) and branding is buying a stake in the anti-capitalist and environmental movements.

“What they’ve tapped into is a market niche. There’s nothing that’s inherently wrong with these initiatives except when they make radical claims that it’s going to end poverty. There’s a long history of radical consumption — what’s pretty unbelievable about this (the Red Label) is that they say it’s revolutionary and it’s going to replace other forms of politics.” [The Bono-ization of Activism]

What the divestment campaign has tapped into is a market niche. While the future will bear witness that there is /was everything inherently wrong with the divestment (dis)course, the framing that the campaign is in service to the fight against climate change, is more than insulting. Remix: There’s a long history of “radical” consumption — what’s pretty unbelievable about this current version (the divestment campaign) is that they say it’s revolutionary and it’s going to replace other forms of politics.

In the 2007 article, Klein argued that Bono’s supporters believed he was being constructive because his camp was engaging with power, which she disagreed with. Yet eight years later Klein has aligned herself with some of the most powerful oligarchs and institutions in the world.

Toward the end of the 2007 article, the author quotes an unidentified activist who stated charity concerts were a way to recorporate the issue. The parallels are striking, for who could disagree that the divestment campaign does perform the exact same function— “a way to recorporate the issue”?

In a single quote that serves to be most prophetic, the unidentified activist added: “It changes nothing.”

manray3

Kiki de Montparnasse, Man Ray (Radnitzky, Emmanuel)

Klein’s partnership with the Guardian newspaper, her placating of 350.org’s foundation funding, her chosen decision to remain silent on warmonger NGOs such as 350.org’s strategic partner Avaaz (in large part responsible for the death of hundreds of thousands in Libya [4], which they seek to be repeated in Syria), her silence on the NPIC undermining of vulnerable states at COP15 (with Greenpeace, 350 and Avaaz being the first signatories of TckTckTck), her acceptance of 350’s undermining of a sovereign state and the world’s Indigenous peoples, her scant, almost non-existent references to the military-industrial complex in relation to its massive (and exempted) contribution to both climate change and ecological devastation (case in point, consider The US Air Force (USAF) is the single largest consumer of jet fuel in the world. The avoidance of this subject is even more unconscionable considering US President Barack Obama is one of the most (if not the most) militarily aggressive US presidents in history, authorizing various airstrikes and military operations in at least seven Muslim countries ); her silence on industrialized factory framing (livestock stats), and her failure to disclose the relation between 350’s KXL campaign and Buffett’s 21st century oil by rail dynasty, etc. — all demonstrate Klein’s own “noblesse oblige”.

Klein’s most glaring “noblesse oblige” is the exclusion of ecosystem services accounting in her international best seller, This Changes Everything. The promotional description reads: “The really inconvenient truth is that it’s not about carbon—it’s about capitalism.” The solution is delivered in the next line: “The convenient truth is that we can seize this existential crisis to transform our failed system and build something radically better.” The elites are indeed seizing this existential crisis to transform our failed system—it’s the financialization of the Earth’s commons referred to as “valuing ecosystem services”.

Consider that in a 505 page book written on climate and capitalism not a single chapter, or even a single page explores the most pathological intent of the 21st century. One is tempted to conclude that investigative journalist Klein has simply over-looked another critical issue pertaining to the climate. Or perhaps Klein simply has no knowledge of this scheme. However, the word financialization does garner one vital mention—buried in the acknowledgements: “Two years ago, Rajiv and I were joined by Alexandra Tempus, another exceptional and diligent journalist and researcher. Alexandra quickly mastered her own roster of topics, from post–Superstorm Sandy disaster capitalism to financialization of nature to the opaque world of green group and foundation funding to climate impacts on fertility. She developed important new contacts, uncovered new and shocking facts, and always shared her thoughtful analysis.” (The single reference to ecosystems services within the book is found within one sentence on p 34: “Nor have the various attempts to soft-pedal climate action as compatible with market logic (carbon trading, carbon offsets, monetizing nature’s “services”) fooled these true believers one bit.”)

Further consider that in an Earth Island Institute “Conversation” with Naomi Klein (Fall, 2013) Klein is asked a direct question on monetizing ecosystem services. Interviewer to Klein: “It’s interesting because even as some of the Big Green groups have gotten enamored of the ideas of ecosystem services and natural capital, there’s this counter-narrative coming from the Global South and Indigenous communities. It’s almost like a dialectic.” Klein’s response is not only incoherent, she evades the question altogether:

Klein:

“That’s the counternarrative, and those are the alternative worldviews that are emerging at this moment. The other thing that is happening … I don’t know what to call it. It’s maybe a reformation movement, a grassroots rebellion. There’s something going on in the [environmental] movement in the US and Canada, and I think certainly in the UK. What I call the “astronaut’s eye worldview” – which has governed the Big Green environmental movement for so long – and by that I mean just looking down at Earth from above. I think it’s sort of time to let go of the icon of the globe, because it places us above it and I think it has allowed us to see nature in this really abstracted way and sort of move pieces, like pieces on a chessboard, and really loose touch with the Earth. You know, it’s like the planet instead of the Earth.

 

And I think where that really came to a head was over fracking. The head offices of the Sierra Club and the NRDC and the EDF all decided this was a “bridge fuel.” We’ve done the math and we’re going to come out in favor of this thing. And then they faced big pushbacks from their membership, most of all at the Sierra Club. And they all had to modify their position somewhat. It was the grassroots going, “Wait a minute, what kind of environmentalism is it that isn’t concerned about water, that isn’t concerned about industrialization of rural landscapes – what has environmentalism become?” And so we see this grassroots, place-based resistance in the movements against the Keystone XL pipeline and the Northern Gateway pipeline, the huge anti-fracking movement. And they are the ones winning victories, right?

 

I think the Big Green groups are becoming deeply irrelevant. Some get a lot of money from corporations and rich donors and foundations, but their whole model is in crisis.”

Noblesse oblige indeed.

Klein’s contributions have not threatened capitalism; rather her efforts are utilized to not only protect it, but strengthen it.

Perhaps the icing on the cake that is the Rockefeller and Clinton 350.org/1Sky project, is as follows: Participation in the Clinton Global Initiative is by invitation only. The membership fee is $20,000 ($19,000 tax deductible) per year. 2014 annual meeting sponsors include HSBC, Barclays, Bill and Melinda Gates Foundation, The Coca-Cola Company, Ford Foundation, Monsanto, Proctor and Gamble, The Rockefeller Foundation, Blackstone, Deutsche Bank, Dow, Exxon Mobil, and others. Clinton Global Initiative University includes McKibben’s Middlebury College within its network (“These 70 schools have pledged more than $800,000 to support CGI U 2015 student commitment-makers.”) Thus, it is of little surprise to find that in December of 2014, Global CEO cites both McKibben and Klein as those within the top ten list of  “inspirational CSR leaders”  as voted by their readers.

Identified in the 2007 Clinton Global Initiative membership along with princes, baronesses, heads of states, and CEOs are none other than:

  • Mindy Lubber, President of Ceres, (In 2013, Morgan Stanley created the Institute for Sustainable Investing Lubber serves on the Institute’s Advisory Board, which is chaired by Morgan Stanley’s Chairman and CEO James Gorman) (Stern Citi Leadership & Ethics Distinguished Fellow)
  • Kumi Naidoo, Secretary General, CIVICUS: World Alliance for Citizen Participation (Chair/president of Greenpeace and TckTckTck a.k.a. GCCA, International Advisory Council for 350.org and SumofUs)
  • Billy Parish Coordinator, Co-Founder, Energy Action Coalition, (1Sky Board of Directors)
  • Betsy Taylor, Chair 1Sky Campaign (Ceres Board of Directors, Greenpeace Board of Directors President of Breakthrough Strategies and Solutions,SumofUs Advisory Board)
  • Lynne Twist, Trustee The John E. Fetzer Institute (Pachamama Alliance founder)
  • Timothy Wirth President United Nations Foundation (Next System Initial Signatory)

 

 

“Who will be the Bill Gates of ecosystem services?” Read the full article: The Increasing Vogue for Capitalist-Friendly Climate Discourse

 

[3] “Accordingly, a nonprofit-corporate complex (based in international non-governmental organizations, NGOs) dominating an array of social services, many of which were performed by the state in the past, emerged as the third pillar of the triangular structure of contemporary imperialism during the 1980s. It represents a kind of “Third Way” on the part of capital that privatizes state functions and occupies key strategic points within civil society (co-opting social movements) while seemingly outside the realm of private capital—thereby enabling an acceleration of privatization and reinforcing the hegemony of monopoly-finance capital globally.” [Source]

[4] 500,000 dead, 30,000 in terrorist-run prisons, 2.5 million exiled, tens of thousands of refugees.

 

[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]

Don’t Lose Your Head

A Culture of Imbeciles

January 27, 2016

 

Avaaz Meme UN

 

Saudi Arabia heading the UN Human Rights Council is the greatest mindfuck since Obama was awarded the Nobel Peace Prize in October 2009 for his “extraordinary efforts to strengthen international diplomacy and cooperation between peoples”, then in July 2010 lifted the U.S. funding ban for Kopassus, the notorious Indonesian death squads.

 

Further reading: Who Shapes the United Nations Agenda?

WATCH: Edward S. Herman on “Humanitarian Imperialism”

The Real News

Video published July 1, 2012

Excerpt:

TRN: Which it’s all geopolitics: when it’s in your interest, you bring up that card, and when it’s not, you don’t.

HERMAN: No, absolutely. And the lack of principle involved, the lack of as you say, there is a principle, a UN principle, that’s been overridden by this allegedly higher principle of the responsibility to protect civilians who are victimized by their government, so that we have to go in. And we did this in Libya. And a good chunk of the left fell for this, too, that we have the responsibility. We raised the question, I have raised the question, in the case of Libya, well, do you want to leave this in the hands of the United States, who’s engaging in drone warfare all over the world, has declared the whole world a free-fire zone, engaged in the most monstrous aggression in Iraq, and it’s got away with it. You want this imperial power to do the job in Libya on this incredibly selective basis? Isn’t that a bad principle in itself, to do it and to then let them do it, and to have faith that they’re going to do it, not engage in regime change, which they’ve been obviously pursuing? I mean, the naivete behind supporting that is again, it’s breathtaking.

 

 

[Edward S. Herman is an American economist and media analyst with a specialty in corporate and regulatory issues as well as political economy and the media. He’s a Professor Emeritus of Finance at the Wharton School at the University of Pennsylvania. He’s also the author of several books, namely “Manufacturing Consent” which he wrote with Noam Chomsky and “The Srebrenica Massacre: Evidence, Context and Politics”.]

Who Shapes the United Nations Agenda?

“The global institutional machinery of the so-called United Nations is designed to destroy the sovereign will of the peoples. That is where a bureaucracy works in the service of capital and imperialism. We, the peoples of the world, do not accept that international organizations should appropriate to themselves the right of invasion and intervention. The UN has no morality to impose. We, the peoples of the world, do not accept this elitist institutionality of the bureaucrats of the empire.

 

It was in the bowels of the UN that the privatizing green economy originated, which we understand as the black economy of death; from those entrails originate the recipes for privatization and interventionism. The UN seems to be the Organization for the Rich and Powerful Countries; perhaps it should be named the INO, Imperialist Nations Organization. That UN we do not want, we disown it.

 

That neoliberal bureaucracy, the bureaucracy of the green economy and privatization, the bureaucracy that promotes structural adjustments, those functionaries of capital and ideologists of domination and poverty, act with the patriarchal and colonial conviction that the peoples and developing countries are incapable and stupid and that to emerge from poverty we must faithfully follow their development recipes.” — Evo Morales’ historic speech at the Isla del Sol

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First Phase Digital

“Premier of the Republic of the Congo at Press Conference Premier Patrice Lumumba, of the Republic of the Congo, photographed at a press conference he held at U.N. Headquarters earlier today. Conferring briefly with the Premier is Ambassador Mongi Slim, of Tunisia.” 25 July 1960, United Nations, New York (UN Archives)

Aachen/Berlin/Bonn/New York, November 2015

Excerpts from the paper Philanthropic Power and Development – Who shapes the agenda? by authors Jens Martens and Karolin Seitz

Final Phase Digital

Photo:”President Salvador Allende of Chile paid an official visit to United Nations Headquarters and addressed the General Assembly. He conferred with the Assembly President and the Secretary-General, and also held a press conference. Here, President Allende is seen at his press conference. Seated next to him are Colodomiro Almeyda (left), Minister for Foreign Affairs of Chile, and Genichi Akatani (right), Assistant Secretary-General, UN Office of Public Information. 04 December 1972, United Nations, New York (UN Archives)

“On 5 June 2013 a remarkable event took place in the Trusteeship Council of the United Nations (UN) in New York City. Over 150 invited guests met for the second annual Forbes 400 Philanthropy Summit. The event was opened by UN Secretary-General Ban Ki-Moon, attended by celebrated philanthropists, such as Bill Gates, Bono and Warren Buffett, and sponsored by Credit Suisse. According to Forbes magazine the attendees, who represented “close to half a trillion of the world’s wealth, discussed how they can use their wealth, fame and entrepreneurial talent to eradicate poverty.” As follow up to this summit Forbes released a Special Philanthropy Issue under the headline “Entrepreneurs can save the world.” The event at UN Headquarters was a symbol for the rapidly growing role of philanthropists and their foundations in global development policy and practice.”

UNITED NATIONS PAPER 1
“A large share of the UN Foundation’s revenues from other donors came from the Bill & Melinda Gates Foundation. Between 1999 and 2014 Gates gave US$231 million in grants to the UN Foundation, mainly for projects in the areas of health and agriculture.”

UNITED NATIONS GATES

In order to broaden its funding base, the UN Foundation has actively explored ways to raise funds directly from governments.In the last decade the UN Foundation received direct funding from a number of governments or governmental agencies, inter alia the Canadian International Development Agency (CIDA), the Department for International Development of the Government of the UK (DFID), the European Commission, and the United States Agency for International Development (USAID).

UNITED NATIONS 5

In addition to individual governments, the UN Foundation is now actively exploring opportunities for building so-called “anchor partnerships” with multinational corporations and corporate philanthropic foundations as an important element of its longterm sustainability strategy. This intention caused concerns in some parts of the UN because of the potential reputation risk involved. The UN Foundation lists currently (July 2015) 23 corporate partners, such as Exxon Mobile, Shell, Goldman Sachs, and the Bank of America.

UNITED NATIONS 4
According to the UN Secretary-General the relationship agreement between the UN and the UN Foundation has been reviewed and amended to ensure that it reflects this evolution of the Foundation’s mission and approach. The new agreement was signed in October 2014. But instead of providing a solid basis for effective and transparent governance, the new agreement seems to reinforce the exclusivity of this relationship and the preferential treatment of the UN Foundation by the UN Secretariat. The drafting of the most recent agreement took place behind closed doors without any intergovernmental oversight or transparency, and in contrast to the two earlier agreements, has not been made public.

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HEART OF DARKNESS

Wrong Kind of Green

January 22, 2016

By Jay Taber

New World Order—Same Old Crimes

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November 2015: Secretary-General Ban Ki-moon with Mary Robinson and Ricken Patel, Executive Director of Avaaz at “One Heart One Tree: Lighting of the Eiffel Tower”. UN Photo/Rick Bajornas

In terms of relevance to the indigenous nations often referred to as the Fourth World, the rollouts from the COP21 gathering of UN member states, Wall Street-funded NGOs, and the global financial elite resemble colonial initiatives undertaken as a result of similar 19th Century gatherings to carve up the world for capitalism. Then, as now, indigenous territories and resources were targeted for expropriation through coercion, with Africa being a prime target.

cop21

Photo: Secretary-General Ban Ki-moon (fourth from left) and Christiana Figueres (centre), Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), meet with “Civil Society Leaders” at the Le Bourget-Paris exhibition site, for Cop21. From left: Jagoda Munic, Chairperson, Friends of the Earth International; Ricken Patel, President and Executive Director, Avaaz; Sharan Burrow, General Secretary, International Trade Union Confederation; Kumi Naidoo, Executive Director, Greenpeace International; May Boeve, Executive Director, 350.org; Wael Hmaidan, Director, Climate Action Network International; and Bridget Burns, Administrator on Climate, Global Gender and Climate Alliance.

As statements emanating from COP21 by Wall Street-driven entities like the World Business Council for Sustainable Development and the Breakthrough Energy Coalition were tailored to seduce the naïve into believing that First World consumption of indigenous territories and resources for luxury goods could continue unabated under the pretext of saving the planet, the agenda of the financial elite at Paris was to subsume human rights to the all-encompassing ‘clean energy’/New Economy regime.

Global Goals -PrivateProperty

A look at the ‘clean energy’ Ponzi scheme — led by magnate Bill Gates, and promoted by Havas – reveals two key attributes of the plan are 1. Expanding nuclear power development and 2. Privatizing public process and policy. Indeed, privatization of the planet, which led to the indigenous revolution in Bolivia and elsewhere, is a core component of the Natural Infrastructure for Business launched at COP21.

lithium mexico

“Clean” energy: Lithium mining in Mexico

While the allure of the ‘clean energy’ chimera is appealing to First World consumers of electronics and energy storage devices such as electric car batteries, the Fourth World reality in Africa, Asia and South America – where resources for these technologies are mined — is one of utter devastation. Indeed, it has been convincingly argued that the recent misadventures of AFRICOM, NATO, and the UN in Libya, Mali and the Great Lakes region of Africa are aimed at securing these minerals for the US and the EU.

mckibben patel AOSIS-Press-Conference

COP15, 2009: Bill McKibben of 350.org, Ambassador Antonio Lima of Cape Verde (Vice-President of AOSIS), and Ricken Patel, Avaaz Executive Director

The NGOs and PR firms behind the social engineering used to drum up support for Wall Street’s privatization plan — Avaaz, Havas, Purpose and 350 — are key to saving the planet for the financial elite. While their choreography of the climate drama has resulted in lots of moral theatrics, the failure of 21 years of lobbying and protesting suggests something more serious is needed. Organizing for political power requires challenging these Wall Street-funded fronts. ‘Civil society’ does not equal NGO.

Creating Failed States | Next up: Burundi

The White House

 

Office of the Press Secretary

 

For Immediate Release

 

November 23, 2015

 

“President Obama today issued a new Executive Order (E.O.) declaring a national emergency with respect to the unusual and extraordinary threat to the national security and foreign policy of the United States posed by the situation in Burundi.”

Power and Kagame

Left: U.S. Ambassador to the UN, Samantha Power. Right: “Butcher of the Great Lakes”, Paul Kagame | “The US based Kagame lobbyists, including the US Ambassador to the UN – Samantha Power – are responsible for the crisis we see in Burundi.” – Dr. Charles Kambanda, Great Lakes Post

The African Great Lakes region (Burundi, Democratic Republic of Congo, Rwanda, Tanzania and Uganda) is rich in mineral wealth. East/West superpower competition for these minerals — used in consumer electronics — has prompted the United States military to arm rebels and dictators alike, as well as to increase the U.S. Africa Command (AFRICOM) presence in the region.

Burundi tweet 3

On July 6, 2015, the U.S. State Department announced that Tom Perriello will serve as President Obama’s special envoy for the Great Lakes region of Africa. On November 6, 2015, the State Department announced that Perriello was alarmed by Burundi government violence.  On November 8, 2015, U.S. Ambassador to the UN, Samantha Power, in response to the Burundi government offer of amnesty to insurrectionists, warned of Rwanda-like government massacres.

Samantha-Power-John-Kerry-68th-Session-UN-0OZG7CMnM5Ol

Above: U.S. Secretary of State John Kerry (L) speaks with United States Ambassador to the United Nations Samantha Power during the United Nations Security Council meeting (photo: (Sept. 18, 2014 – Source: Eduardo Munoz Alvarez/Getty Images North America)

As noted by Charles Kambanda, a former professor at the University of Rwanda, what really is happening in Burundi is that multinational corporations are seeking to create a failed state — as they did previously in the Congo — in order to plunder the resources of the region. Avaaz*, an NGO co-founded by Perriello, has called on the UN, US and EU to send in the troops–much like it did in Libya and Syria.

*Avaaz was initially funded in 2006 by George Soros (a currency speculator convicted of insider-trading) through his Open Society Institute.

THE PURPOSE OF AVAAZ: CRIMES AGAINST HUMANITY

Avaaz (initially financed by convicted inside trader George Soros) is the Blackwater of PSYWAR–mercenaries posing as missionaries. The non-profit Avaaz works closely with its for-profit arm and PR firm Purpose. As a social media NGO, Avaaz promotes campaigns to undermine governments hostile to US hegemony, especially in South America, Africa and the Middle East.

Perriello1

Avaaz co-founder and former U.S. Congressman Tom Perriello with war criminal, General David Petraeus (far left). Under this Flickr photo the caption reads: “Passing the Baton, United States Institute of Peace” [2009] [Photo: Jon-Phillip Sheridan | Source] [In July, 2011, “General David Petraeus was approved as CIA Director by both the Senate Intelligence Committee and then the full Senate, whose vote was an astounding 94-0, astounding because this is a man who was deeply implicated in war crimes, including torture.” Source]

The core cadre of Avaaz – Tom Perriello, Ricken Patel, Tom Pravda, Jeremy Heimans, David Madden, Eli Pariser and Andrea Woodhouse — have working relationships with the UN and World Bank, and coordinate with US-controlled institutions like the UN Security Council and UN Human Rights Council. When challenges to US hegemony arise — such as in Bolivia, Libya, Syria, Burundi and Congo — Avaaz and Purpose create campaigns to discredit and destabilize these independent governments.

tom p and kerry

U.S. Secretary of State John Kerry releases the 2015 Quadrennial Diplomacy and Development Review (QDDR) outlining the strategic priorities to be pursued by the U.S. Department of State and U.S. Agency for International Development (USAID) with USAID Acting Administrator Alfonso Lenhardt, Deputy Secretary of State for Management and Resources Heather Higginbottom, and Special Representative for the QDDR and Avaaz co-founder Tom Perriello at the U.S. Department of State in Washington, DC on April 28, 2015. [State Department photo/ Public Domain]

With the US-controlled NATO as the de facto military enforcement arm of the UN, the interests of Wall Street merge with the Pentagon and U.S. State Department to thwart challenges from regional bodies like the African Union. Public support in the US and EU for murdering indigenous African leaders like Lumumba and Gaddafi is aided by Wall Street control of media, especially social media, which positions Avaaz as a key player in Neoliberal imperialism.

Avaaz Hate Campaign

Above: Syrian President Bashar al-Assad demonization campaign by Avaaz. Avaaz The Behavioural Economics of Hatred: SYRIA: Avaaz, Purpose & the Art of Selling Hate for Empire

This conspiracy to commit crimes against humanity is well-documented, but not well-known. Most consumers of social media are under the illusion that the UN is an honest broker, and that the Wall Street fronts Avaaz and Purpose are somehow ‘grassroots’. Working with increasingly corrupt NGOs like Amnesty International and Human Rights Watch — essentially owned by Soros — Avaaz and Purpose create the illusion of advocating for human rights, which, in turn, serves as pretext for economic sanctions by the IMF and military invasions by NATO.

Ironically, the mass murders and warlords that NATO and the UN use as justification for invasion are often armed by the US and EU, which begs the question—Who is really committing crimes against humanity, the gangsters on the ground, or the manipulators of public opinion?

Imperial Social Media: Avaaz and the Arms Merchants

avaaz burundi

Avaaz Hones In On Burundi as Next U.S. Fait Accompli

Promoting the imperial social media fad of equivocating on US and NATO invasions that destroy entire societies, ostensibly because the current head of state is ruthless or corrupt, Avaaz apologists neglect the growing list of countries where these invasions have made things worse. Indeed, I am at a loss to find a country in my lifetime (1952-present) where US military aggression — either directly or through proxy mercenaries and US-financed and trained death squads — made things better.

Of course, if you look at militarism as a market-oriented strategy, then making war or creating armed mayhem is just part of doing business. With the crippling financial sanctions available to the US through the International Monetary Fund and World Bank, invasion is just for show — part of the expected social spectacle — that routinely transfers wealth from the U.S. Treasury to Wall Street and the military industrial complex.

Given the US influence at the UN Security Council, any country seeking to conduct its governance, diplomacy and trade independent of the US and EU risks destruction. The evidence can be seen in the chaotic, murderous aftermath reigning in these unfortunate societies, and in the tsunami of refugees seeking asylum. Meanwhile, the revolving door between the arms merchants, the Pentagon and the State Department is now open to NGOs like Avaaz and its PR firm Purpose.

Obama&Perriello

Image: U.S. President Barack Obama with Avaaz co-founder and former U.S. Representative Tom Perriello

burundi map

The Empire’s War against Burundi: War Propaganda in Preparation for an R2P “Humanitarian Intervention”

Kerry & Tom P

U.S. Secretary of State John Kerry releases the 2015 Quadrennial Diplomacy and Development Review (QDDR) with USAID Acting Administrator Alfonso Lenhardt, Deputy Secretary of State for Management and Resources Heather Higginbottom, and Special Representative for the QDDR (and Avaaz co-founder) Tom Perriello at the U.S. Department of State in Washington, DC on April 28, 2015. [State Department photo/ Public Domain]

Annihilating Tribal Society

West Pap. Tribes 1

Modern states, through international institutions (i.e. International Monetary Fund, World Bank, and NATO), routinely annihilate peaceful tribal societies. As the dominant modern state, the United States combines these institutionalized enforcement tools with its war-making capacity to expropriate tribal territories and resources for the benefit of the market sector (i.e. energy, consumer electronics, and the military industrial complex). This collusion between US and EU-dominated institutions and markets is what led to the genocides in the Great Lakes Region of Africa (Burundi, Democratic Republic of Congo, and Rwanda) as well as in the Balkans.

If fascism is defined as a rationalization of theft through coercion, then it fits the US/EU model exercised in Central and South America, Africa and Asia, where tribal societies (i.e. Maya, Hutu, and West Papuans) are annihilated or displaced to facilitate access to their resources. Aided by imperial social media networks (i.e. Avaaz, Purpose, and Amnesty International), war against tribal societies and independent states now manipulates public opinion to support this institutionalized aggression.

Tom P and Kagame

Meeting with Rwanda’s President Paul Kagame (R) and Tom Perriello, US Special Envoy for Great Lakes Region- Kigali, 19 August 2015

Kagame Obama

Rwanda’s President Paul Kagame (R) walks past US President Barack Obama (2nd R) as US Secretary of State John Kerry (L) and National Security Advisor Susan Rice (C) look on during a “Peacekeeping Summit” at the United Nations headquarters on September 28, 2015 in New York. AFP PHOTO/MANDEL NGAN

John+Kerry+Paul+Kagame+President+Obama

U.S. Secretary of State John Kerry gives the thumbs-up to participants in the “Leaders’ Summit on Peacekeeping” with National Security Advisor Susan Rice (R), U.S. Ambassador to the UN Samantha Power and Rwandan President Paul Kagame during the 70th annual UN General Assembly at the UN headquarters September 28, 2015 in New York City. Source: Chip Somodevilla/Getty Images

THE REIGN OF THE INTERNET

In the 1973 film The Society of the Spectacle, Guy Debord described the total domination of the industrialized capitalist economy over the psyche of 20th Century humankind, and the resulting separation of modern urban society from reality. Represented in images projected by the bureaucratic state, the assumption of this unreal role of urban consumers enables the ruling class to control consciousness. Today, that separation from reality is so complete that the economy of war – including genocide and mass displacement of indigenous peoples – is largely unchallenged, despite the fact that consumer demand created by the spectacle of advertising is complicit in these crimes against humanity.

War for the resources required to fulfill consumer demand of luxury goods like automobiles and electronics is now accepted as normal, shrugged off by hyper-consumers as an unfortunate but inevitable consequence of progress. Unlike the spontaneous resistance by students and marginalized sectors of urban society to this total bureaucratic domination in the 1960s, consumer reaction to mass murder and dispossession in the 21st Century is itself choreographed by the ruling class. Controlling consciousness through mass communication via the Internet has created what the French philosopher Debord described as A Culture of Imbeciles, “in which advertising has become the only factor”.

The ongoing social disintegration of industrial civilization that produces pseudo-citizens signing online petitions created by ruling class entities like Avaaz, Purpose and 350, is indicative of the unbridled power of seamless spectacle, begun in the era of television, and culminated in the reign of the Internet. Controlling Consciousness through public relations has generated a ‘discursive monoculture’, where self-organized democratic renewal is unimaginable. Communication in this environment has become what the American cultural critic Neil Postman described in 1985 as Amusing Ourselves to Death. Thirty years later, and contrary to Postman’s assertions, technology has substituted itself for human values.

 

 

 

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

 

COP21: Privatization Strategy

Center for World of Indigenous Studies

December 13, 2015

by Jay Taber

cop21-showtime1

 

World Business Council for Sustainable Development is part of a Wall Street strategy to dislodge the United Nations Center on Transnational Corporations, and prevent enforceable rules governing the operations of multinational corporations.

A partner of WBCSD is Ceres (Coalition for Environmentally Responsible Economies), whose funders are associated with Goldman Sachs, JP Morgan Chase, Citigroup, Morgan Stanley and Bank of America. Ceres and 350 are funded in part by Tides, whose largest donor is NoVo–Warren Buffet’s private foundation.

Today, WBCSD launched another initiative to privatize ecosystems — Natural Infrastructure for Business — and to capitalize on the Breakthrough Energy Coalition boondoggle hyped by the financial elite at COP21.

The privatization of public process and policy — which led to economic collapse in the US, and bank bailouts from the U.S. Treasury that eviscerated the general welfare — is now being enacted at the UN.

The Clean Energy Ponzi Scheme and the ‘new economy’ — false hope marketed for the financial elite by Havas, Avaaz and 350 — now has its sights set on privatizing the planet.

 

 

[Jay Thomas Taber (O’Neal) derives from the most prominent tribe in Irish history, nEoghan Ua Niall, the chief family in Northern Ireland between the 4th and the 17th centuries. Jay’s ancestors were some of the last great leaders of Gaelic Ireland. His grandmother’s grandfather’s grandfather emigrated from Belfast to South Carolina in 1768. Jay is an associate scholar of the Center for World Indigenous Studies, a correspondent to Forum for Global Exchange, and a contributing editor of Fourth World Journal. Since 1994, he has served as communications director at Public Good Project, a volunteer network of researchers, analysts and activists engaged in defending democracy. As a consultant, he has assisted indigenous peoples in the European Court of Human Rights and at the United Nations. Email: tbarj [at] yahoo.com Website: www.jaytaber.com]

Sustaining Privatization

Public Good Project

November 27, 2015

By Jay Taber

Global Goals -PrivateProperty

 

The privatization of civil society that led to widespread poverty and political violence is now global. The plan — devised by Wall Street to control civil consciousness through hostile takeovers of media, academia, governments and NGOs — is now complete. The privatization plan promoted by financial elites has been adopted worldwide, and is reflected in UN initiatives like the Sustainable Development Goals and civil society divestment agendas by NGOs like 350.

 

 

[Jay Thomas Taber (O’Neal) derives from the most prominent tribe in Irish history, nEoghan Ua Niall, the chief family in Northern Ireland between the 4th and the 17th centuries. Jay’s ancestors were some of the last great leaders of Gaelic Ireland. His grandmother’s grandfather’s grandfather emigrated from Belfast to South Carolina in 1768. Jay is an associate scholar of the Center for World Indigenous Studies, a correspondent to Forum for Global Exchange, and a contributing editor of Fourth World Journal. Since 1994, he has served as communications director at Public Good Project, a volunteer network of researchers, analysts and activists engaged in defending democracy. As a consultant, he has assisted indigenous peoples in the European Court of Human Rights and at the United Nations. Email: tbarj [at] yahoo.com Website: www.jaytaber.com]

TckTckTck: The Bitch is Back

Wrong Kind of Green Op-Ed

November 28, 2015

by Cory Morningstar

 

00-Trial-2-crop_1000_420_90_c1

Perpetual Servitude to Empire

“The objective was to make it become a movement that consumers, advertisers and the media would use and exploit” — 2009 HAVAS WORLDWIDE Press Release for “the TckTckTck campaign” [Source]

In January 2010 I wrote “Eyes Wide Shut: TckTckTck Expose. I explained in detail how we, civil society, had collectively been manipulated into sleeping with the enemy, that of corporate power. Today, almost 6 years later, living amidst a heavy mental lull bearing much resemblance to Stockholm syndrome, we have chained ourselves to the bed – willing participants in turning ourselves into the enemy’s personal bitch.

Although it is comforting to most (for reasons I cannot begin to comprehend) that the now global marches appear to be led by Rockefeller’s multi-million “scruffy little outfit” 350.org [1], the NGO at the helm of all these machinations is still TckTckTck (GCCA) – an NGO with a slightly damaged patina – damage extensive enough that they obscure their clout from the glare of the public spectacle. This is a simple sleight of hand considering 350.org (with Avaaz, Greenpeace, WWF, etc.) is a founding partner of TckTckTck. [2]

“GCCA [Global Call for Climate Action] worked behind the scenes for over a year to prepare for the biggest date in 2014, leveraging every possible asset and contact to rally around the historic Peoples’ Climate March in the run-up to the UN Climate Leaders Summit…. In the preceding months, GCCA convened weekly calls with key partners 350.org, Avaaz, USCAN and Climate Nexus to catalyse activities and identify gaps…. Everything came together on the day as we bore witness to the world’s biggest ever climate march, and inspiring events across the globe, with world leaders, business people, activists, parents and artists walking shoulder-to-shoulder.” — GCCA Annual Report 2014

Like the mercenaries fighting for empire in Syria and beyond, the collective environmental “movement” emulates the fight for empire as they are wholly bought and paid for by foundations. This makes them nothing but cheap subsidiaries of the corporate state, which is nothing but support for those whose first and foremost interest is to serve, expand and protect both capital and power – at any and all costs. There is no army forcing their ambitions and goals on us; we are the army, the army for empire, the “rebels”, creating the space for the expansion of the markets, acquiescing to the continued growth dependent upon rape and pillage of our brothers and sisters around the globe and our very own Earth Mother. When our oppressors organize us to march in a highly financed spectacle, we march towards our annihilation by way of our erstwhile compliance.

“When consensus comes under the dominance of conformity, the social process is polluted and the individual at the same time surrenders the powers on which his functioning as a feeling and thinking being depends. That we have found the tendency to conformity in our society so strong that reasonably intelligent and well-meaning young people are willing to call white black is a matter of concern. It raises questions about our ways of education and about the values that guide our conduct.” — Solomon Asch, Opinions and Social Pressure, 1955

We need an illusion: Out with oil, in with lithium. We need a demon: Exxon Mobil is the 21st century Saddam Hussein for the plastic left. An ocean of blood, sweat, tears, and body parts stare at us directly in the face. We look back only to see our own reflection.

Like puppets on strings we dance to their tune. Just as the Pied Paper of Hamelin led children to their demise, we willingly follow the leaders of this society to our conscious oblivion without the excuse of ignorance, for if it is ignorance, it is willful.

+++

That’s it. This is the shortest piece I’ve ever written for I’ve already documented the money and power behind this charade until I was blue in the face. What more can be said? For those of you that can still read beyond one paragraph, here are the links before and after articles to the 2014 People’s Climate March that detail the money and power behind them.

September 17, 2014: This Changes Nothing. Why the People’s Climate March Guarantees Climate Catastrophe

September 30, 2015: Under One Bad Sky | TckTckTck’s 2014 People’s Climate March: This Changed Nothing

Video: How Political Correctness Works (The Asch Experiment)

“Asch concluded that it is difficult to maintain that you see something when no one else does. The group pressure implied by the expressed opinion of other people can lead to modification and distortion effectively making you see almost anything.”

 

 

Below video (running time: 0.39): Citizens are incited to perform as “ticking” human clocks for the branding-building of TckTckTck. [Climate Justice rally on Parliament Hill, Ottawa, Ontario, Canada, October 24, 2009, International Day of Climate Action]

 

 

[1] 350.org, now international in scope which continues to be referred to as a “grassroots” movement, despite the injection of millions from its nefarious silent partner, the Clinton Foundation (via 1Sky) at its inception and ongoing funding from the oligarchs in the millions.

[2] GCCA, an initiative that began in Bali (2007) with a $300,000 funding commitment from the Quebec government, is a “coalition of twenty key international organizations” including Avaaz, 350.org, Greenpeace , Kofi Annan’s Global Humanitarian Forum, OXFAM, WWF, World Council of Churches, Union of Concerned Scientists, Equiterre, Global Call to Action against Poverty (also co-chaired by Kumi Naidoo), and the Pew Environment Group. [Source]

 

[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.]

Edited with Forrest Palmer, Wrong Kind of Green Collective.

How Wall Street Is Cashing In on Climate Catastrophe

Come hell or high water, the finance industry will make a killing

In These Times

November 9, 2015

By Kate Aronoff

 

cat bonds

If you’re looking to invest in the cat bond market, the odds are good that even a major storm won’t cut into your returns.Bigger and more expensive storms are brewing. One study found that as much as $507 billion worth of U.S. coastal property could be underwater by 2100. With $416 billion in assets at risk, the Organisation for Economic Co-operation and Development labels Miami as the city that could face the most property damage worldwide as a result of rising tides. Hurricane Katrina already claimed $48.7 billion in insured losses; Hurricane Sandy caused $18.75 billion worth.

Governments, meanwhile, are doing little to prepare. As we head into this year’s climate talks in Paris, prospects seem dim for a comprehensive plan to scale back emissions to the extent required to prevent catastrophic warming. In the United States, Department of Energy scientist Tom Wilbanks has called this country’s crumbling infrastructure, which is woefully ill-equipped to cope with even moderate climate impacts, “a national crisis.” On top of that, our federal disaster response mechanisms remain sluggish, still underfunded and encumbered by the bureaucratic mismanagement that characterized the responses to Katrina and Sandy.

But thanks to Wall Street’s ability to turn a sow’s ear into a silk purse, one disaster management tool is starting to gain traction.

The “catastrophe bond,” devised in the aftermath of 1992’s Hurricane Andrew, is a form of “reinsurance.” Reinsurance protects insurance companies in case they can’t pay out—for example, after a flurry of simultaneous claims following a catastrophic event. Stung by Katrina and Sandy, in the last decade insurance companies and eager investors have fueled an average annual growth of as much as 25 percent in what is known as the “cat bond” market, with a record $8 billion sold to investors in 2014 alone. These financial instruments are also being floated as a solution for the risk incurred by public-sector entities that range from the debt-ridden National Flood Insurance Program to impoverished countries that could face bankruptcy should a massive storm hit.

There’s just one hitch: Cat bonds are fundamentally financial instruments, hawked by Wall Street firms and global reinsurance companies that have no duty to the public.

A cat bond is born

Here’s how cat bonds work: Say an insurance company in Florida is looking to buy an extra layer of insurance for itself in case of a particularly severe hurricane season. It might draft up a contract with a reinsurer that—in return for a hefty fee—will set up a special-purpose vehicle (SPV), a legal entity created specifically to manage cat bond transactions. The SPV then sells cat bonds to investors, whose principal goes into a fund, typically housed in offshore tax havens like Bermuda. These bonds offer investors, who are generally larger institutional players like hedge or pension funds, the promise of steady returns. Payouts come from the insurance company’s premiums, plus any interest that accrues on the investment principal. Should the cat bond “trigger”—in this case, if a “once in a lifetime” hurricane tears through Florida—investors lose their money and the insurance company uses the cat fund to pay claims. Otherwise, investors can claim back their principal at the end of the bond’s term.

In theory, cat bonds are high-risk, high-reward investments that also provide insurers an alternative to traditional reinsurance, which has been around for over a century. In reality, as “speculative” products go, they make a fairly safe bet for investors—which, ironically, is what can make them a risky prospect for insurance companies. As Tom Keatinge, former managing director of JPMorgan Chase’s insurance capital management team, told Bloomberg Business, “For a cat bond to trigger, you need a bull’s-eye to be hit instead of a general shot in the right direction.” In creating the bond, teams of derivatives experts and geoscientists sift through piles of data on past storms and emergent weather patterns in order to model and predict the exact chances that an event will cause a certain amount of damage to a certain place within a certain time period. Only after a catastrophe causes a certain amount of damage or crosses a certain meteorological threshold will the bond be triggered.

As of 2012, just eight of the 232 cat bonds issued since 1996 had paid out. Only one was triggered during 2005’s brutal hurricane season, which caused more than $100 billion in damages. Insurance consulting firm Lane Financial LLC reports that, in sum, investors have lost just $682 million of the $51 billion in cat bonds they purchased in the same period. Using computer modeling, one insurance firm estimates that the probability a storm will be large enough to trigger a payout to insurers is just 2.89 percent. If you’re looking to invest in the cat bond market, the odds are good that even a major storm won’t cut into your returns.

Recently, however, Hurricane Patricia has given some investors a reason to sweat. Investors are anxiously awaiting news on the fate of a $100 million cat bond—MultiCat Mexico Ltd.—structured for the Mexican government in 2012 by Goldman Sachs and the world’s largest reinsurers, Munich Re and Swiss Re, with the help of the World Bank. Whether or not the $100 million will be deposited into Mexico’s disaster fund depends on whether atmospheric pressure within Patricia ever dropped below 920 millibars. The lower a hurricane’s atmospheric pressure, the stronger its force.

As Patricia-level storms become more common, the question of who controls relief funding post-disaster will become increasingly weighty.

None of these concerns have stopped cat bond proponents from extolling their virtues. In July, Goldman Sachs boasted of having structured $14 billion in cat bonds since 2006 as part of its “long-standing commitment to harness markets and deploy capital to scale-up clean energy technologies and facilitate the transition to a low-carbon energy future.” The World Bank, the United Nations and the Union of Concerned Scientists have all heralded cat bonds as a way to leverage private capital markets to protect against climate catastrophe. In 2014, the World Bank created a $30 million cat bond to cover the risk of tropical cyclones and earthquakes in 16 countries, including Haiti.

In the United States, corporations are hyping cat bonds as a private-market solution to the National Flood Insurance Program’s $24 billion debt (caused almost entirely by Katrina and Sandy). The National Association of Mutual Insurance Companies testified before Congress last year that “ceding a portion of the NFIP’s risk to the private sector through reinsurance and catastrophe bonds could reduce taxpayer exposure to future debt.”

Though framed as a convenient, market-friendly means to help governments and insurance companies cope with disaster, cat bonds are no substitute for public sector investment in resiliency and robust federal disaster relief. And judging from these products’ short history, we should be vigilant as to whether the private sector’s “innovative” catbond solution to climate disaster truly serves the public good, or is another way to increase private profits.

[Kate Aronoff is an organizer and freelance journalist in Philadelphia. While in school, she worked extensively with the fossil fuel divestment movement on the local and national level, co-founding Swarthmore Mountain Justice and the Fossil Fuel Divestment Student Network (DSN). She is currently working to build a student power network across Pennsylvania.]

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