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<p><font size="+2"><font face="Calibri"><i><b>May</b></i></font></font><font
size="+2" face="Calibri"><i><b> 13, 2023</b></i></font><font
face="Calibri"><br>
</font></p>
<font face="Calibri"><i>[ Why yes, Yes it does. ]<br>
</i></font><font face="Calibri"><b>Is the GOP War on ‘Woke
Finances’ Delaying Climate Action?</b><br>
Red states are trying to block money managers from considering
climate change when investing in utilities. Recent evidence
suggests that political pressure could be swaying investors.<br>
By Kristoffer Tigue<br>
May 12, 2023<br>
</font><font face="Calibri">Republican-led states are asking federal
regulators to block the world’s largest investment firm from
imposing climate-related financial practices on utilities. While
the GOP’s war on so-called “woke finances” has had limited success
in stemming the flow of money into clean energy, there’s growing
evidence the political pressure could be delaying climate action.<br>
<br>
On Wednesday, Republican attorneys general from 17 states filed a
motion with the Federal Energy Regulatory Commission asking the
agency to stop BlackRock from buying $10 million voting shares in
any utility that adopts the firm’s environmental, social and
governmental investing priorities—also known as ESG. That acronym
has become synonymous with climate-conscious investing, meaning
money managers are taking climate change and other sustainability
measures into account in their decision-making. <br>
<br>
Because the practice inherently devalues fossil fuel companies and
other carbon-intensive industries, Republicans have been
particularly aggressive critics of the practice. Indiana Attorney
General Todd Rokita led Wednesday’s motion, joined by his
counterparts from Utah, Alabama, Alaska, Arkansas, Iowa, Kentucky,
Louisiana, Mississippi, Missouri, Montana, Nebraska, Ohio, South
Carolina, South Dakota, Texas and West Virginia.<br>
<br>
“These elitists are trying to impose restrictions on energy
companies and utilities that would never win approval at the
ballot box,” Rokita said in a press release. “Their schemes could
raise utility bills for regular Americans, including elderly
Hoosiers on fixed incomes, and they could diminish the value of
investment accounts.”<br>
<br>
It’s hard to definitively say how much success Republicans have
had in their pushback against ESG investing. And climate activists
in general are skeptical that the investment practices go far
enough to make any real difference in curbing global warming—ESG
funds often ignore the massive climate impact of the food and
agricultural industry, for example.<br>
<br>
But there’s growing evidence that the political pressure from
Republicans is confusing the global market, which can spook
investors on the fence about climate-related financing and
generally slow progress when it comes to diverting money away from
fossil fuels and toward renewable energy. That’s a problem,
experts say, mostly because society is quickly running out of time
to keep rising temperatures below tipping points that, once
crossed, could make the climate crisis far more difficult to
manage.<br>
<br>
The political pressure has prompted Biden administration officials
with the Securities and Exchange Commission to consider watering
down a new rule that would require large companies operating in
the United States to disclose their greenhouse gas emissions and
climate-related risks. It has also led to several delays of the
rule, which was drafted last spring but has yet to be finalized.
In fact, former SEC Commissioner Robert Jackson said in late
April, when a final rule was expected to be released, that it
could now take until this fall for regulators to put out the final
version.<br>
<br>
Last month, shareholders also failed by wide margins to pass
climate-related resolutions at three of the biggest U.S. banks:
Citigroup, Bank of America and Wells Fargo. The resolutions called
for the lenders to wind down new fossil fuel financing, but
garnered just 10 percent support at Citigroup and 7 percent at
Bank of America. Wells Fargo shareholders also failed to pass its
proposed resolution, but the exact tally wasn’t disclosed
publicly. <br>
<br>
“It seems pretty clear that the big banks are going to keep
financing fossil-based energy development, even though that is
enabling the growing systemic risks and costs that are already
hitting us from climate change,” Heidi Welsh, executive director
of the Sustainable Investments Institute, told Reuters in reaction
to the failed resolutions.<br>
<br>
Despite warnings from global economic experts who say any new oil
and gas development is incompatible with the world’s climate
goals, new reports have shown that banks continue to pump hundreds
of billions of dollars into fossil fuel companies, including
spending at least $150 billion last year on fossil fuel expansion
projects.<br>
<br>
That news could be an ominous sign for climate-related resolutions
that will be voted on next month at some of the biggest fossil
fuel companies, starting with Shell. Activist investors are
ramping up pressure on Shell’s shareholders to support the
measure.<br>
<br>
But investors continue to get conflicting messages, especially
from conservative-leaning policymakers in the U.S. On Thursday,
Christopher Waller, a governor for the Federal Reserve who was
appointed by former President Donald Trump, said there’s no need
for central bankers to pay special attention to the risks climate
change poses to the global financial system—contradicting major
economic reports in recent years that claim the opposite.<br>
<br>
Climate-related natural disasters in the U.S. alone caused a
staggering $165 billion in damages in 2021, recent government data
revealed. And some of the world’s largest financial analysis firms
have estimated that without stronger intervention, the impacts of
global warming could slash the world’s gross domestic product
anywhere from 4 percent to 18 percent by 2050, which translates to
trillions of dollars in potential lost revenue.<br>
<br>
Waller, however, apparently hasn’t seen those reports.<br>
<br>
“Based on what I’ve seen so far, I believe that placing an
outsized focus on climate-related risks is not needed,” he said
Thursday at a conference in Madrid. “Climate change is real, but I
do not believe it poses a serious risk to the safety and soundness
of large banks or the financial stability of the United States.”<br>
</font><br>
<font face="Calibri"><a class="moz-txt-link-freetext" href="https://insideclimatenews.org/news/12052023/gop-esg-woke-finances-climate/">https://insideclimatenews.org/news/12052023/gop-esg-woke-finances-climate/</a><i><br>
</i></font>
<p><font face="Calibri"><i><br>
</i></font></p>
<p><br>
</p>
<font face="Calibri"><i>[ some serious attention to the data -
useful video ] </i></font><br>
<font face="Calibri"> </font> <font face="Calibri"><b>USGCRP
Advisory Committee: Spring Meeting</b></font><br>
<font face="Calibri">
National Academies - Earth and Life Studies</font><br>
<font face="Calibri">
May 12, 2023</font><br>
<font face="Calibri">
Session 1: Scenarios Overview and Current Status</font><br>
<font face="Calibri">
</font><font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=5DAktLlWlbk">https://www.youtube.com/watch?v=5DAktLlWlbk</a></font><br>
<font face="Calibri"><i><br>
</i></font>
<p><br>
</p>
<font face="Calibri"><i>[ SCOTUS rules fairly -- ]</i></font><br>
<font face="Calibri"><b>A Supreme Court Ruling the Fossil-Fuel
Industry Doesn’t Like</b><br>
Communities can now sue in state courts for compensation for the
costs of climate change—something oil companies have fought
against for years.<br>
By Bill McKibben<br>
May 10, 2023...<br>
</font><font face="Calibri">- -</font><br>
<font face="Calibri">The Colorado lawsuit, she says, is asking
players like Exxon to pay their fair share. But it could come to
more than that. “I think the outcome could be an awakening that
there has been some serious bad acting going on, some
misinformation and disinformation from these companies that have
led us to chase our tails, to focus on our own carbon footprints,
and not on the massive shift we need to see. This could be our
moment of system change.” <br>
</font><font face="Calibri">- -<br>
</font><font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.newyorker.com/news/daily-comment/a-supreme-court-ruling-the-fossil-fuel-industry-doesnt-like?utm_source=nl&utm_brand=tny&utm_mailing=TNY_McKibben_05102023&utm_campaign=aud-dev&utm_medium=email&bxid=5e4f6ed6954fcf61233b06c1&user_id=&hasha=92d43392605ea6bb4bdc7142e9488efb&hashb=e5a49d109ab34b50b44ff43c860af628d814d3cb&hashc=dfb33c48616eba03c56bb797058ee3fb42a389c7d938b4eb39adebaae0008a62&esrc=&utm_term=TNY_ClimateCrisis">https://www.newyorker.com/news/daily-comment/a-supreme-court-ruling-the-fossil-fuel-industry-doesnt-like?utm_source=nl&utm_brand=tny&utm_mailing=TNY_McKibben_05102023&utm_campaign=aud-dev&utm_medium=email&bxid=5e4f6ed6954fcf61233b06c1&user_id=&hasha=92d43392605ea6bb4bdc7142e9488efb&hashb=e5a49d109ab34b50b44ff43c860af628d814d3cb&hashc=dfb33c48616eba03c56bb797058ee3fb42a389c7d938b4eb39adebaae0008a62&esrc=&utm_term=TNY_ClimateCrisis</a><i><br>
</i></font>
<p><font face="Calibri"><i><br>
</i></font></p>
<p><font face="Calibri"><i><br>
</i></font></p>
<font face="Calibri"><i>[ India is greatly concerned with heatwave -
and China and Thailand, YouTube Aljazeera ]</i></font><br>
<font face="Calibri"><b>Heatwaves of the Future Are Here Already</b></font><br>
<font face="Calibri">Regan Parenton</font><br>
<font face="Calibri">May 10, 2023</font><br>
<font face="Calibri">We're in runaway climate change.</font><br>
<font face="Calibri">This is what it looks like.</font><br>
<br>
<font face="Calibri">"More than 90% of the world's population is
projected to face increased risks from the compound impacts of
extreme heat and drought, potentially widening social inequalities
as well as undermining the natural world's ability to reduce CO2
emissions in the atmosphere—according to a study from Oxford's
School of Geography.</font><br>
<br>
<font face="Calibri">Warming is projected to intensify these hazards
ten-fold globally under the highest emission pathway, says the
report, published in Nature Sustainability.</font><br>
<br>
<font face="Calibri">In the wake of record temperatures in 2022,
from London to Shanghai, continuing rising temperatures are
projected around the world. When assessed together, the linked
threats of heat and drought represent a significantly higher risk
to society and ecosystems than when either threat is considered
independently, according to the paper by Dr. Jiabo Yin, a visiting
researcher from Wuhan University and Oxford Professor Louise
Slater.</font><br>
<br>
<font face="Calibri">These joint threats may have severe
socio-economic and ecological impacts which could aggravate socio
inequalities, as they are projected to have more severe impacts on
poorer people and rural areas.</font><br>
<br>
<font face="Calibri">According to the research, "The frequency of
extreme compounding hazards is projected to intensify tenfold
globally due to the combined effects of warming and decreases in
terrestrial water storage, under the highest emission scenario.
Over 90% of the world population and GDP is projected to be
exposed to increasing compounding risks in the future climate,
even under the lowest emission scenario."</font><br>
<font face="Calibri">- <a class="moz-txt-link-freetext" href="http://phys.org/news/2023-01-compound">http://phys.org/news/2023-01-compound</a>...</font><br>
<br>
<font face="Calibri">An abrupt climate change occurs when the
climate system is forced to transition at a rate that is
determined by the climate system energy-balance, and which is more
rapid than the rate of change of the external forcing, though it
may include sudden forcing events such as meteorite impacts.
Abrupt climate change therefore is a variation beyond the
variability of a climate. Past events include the end of the
Carboniferous Rainforest Collapse, Younger Dryas,
Dansgaard-Oeschger events, Heinrich events and possibly also the
Paleocene–Eocene Thermal Maximum. The term is also used within the
context of climate change to describe sudden climate change that
is detectable over the time-scale of a human lifetime, possibly as
the result of feedback loops within the climate system or tipping
points.</font><br>
<font face="Calibri">- <a class="moz-txt-link-freetext" href="http://en.wikipedia.org/wiki/Abrupt_c">http://en.wikipedia.org/wiki/Abrupt_c</a>...</font><br>
<br>
<font face="Calibri">At this rate, by 2030, the equator will be
completely fried with mass casualty incidents arising from
heatwaves. Business would grind to a halt & entire economies
would need to shut down.</font><br>
<font face="Calibri">Including nuclear reactors.</font><br>
<br>
<font face="Calibri">This, on top of everything else.</font><br>
<br>
<font face="Calibri">We barely managed COVID. </font><br>
<font face="Calibri">All of this spells two words: Game Over.</font><br>
<font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=RcFQbCc4QwU">https://www.youtube.com/watch?v=RcFQbCc4QwU</a></font><br>
<p><br>
</p>
<p><br>
</p>
<font face="Calibri"> </font><i><font face="Calibri">[ maybe
start at 57:14 ]</font></i><br>
<font face="Calibri"> </font> <font face="Calibri"><b>ZJMaayan
comments </b><br>
</font><font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.dropbox.com/scl/fo/96o0rhhuh1ylschrphzoh/h?dl=0&preview=PDNG+Skills+%234+VIDEO.mp4&rlkey=yvq5jwui73yrlqfeni9uifait">https://www.dropbox.com/scl/fo/96o0rhhuh1ylschrphzoh/h?dl=0&preview=PDNG+Skills+%234+VIDEO.mp4&rlkey=yvq5jwui73yrlqfeni9uifait</a><br>
</font>
<p><font face="Calibri"><br>
</font></p>
<p><font face="Calibri"><br>
</font></p>
<i><font face="Calibri">[ video documentary of the Great Depression
1:24:00 ]</font></i><br>
<font face="Calibri"><b>The Scary Parallels Between The Great
Depression And Today | When the World Breaks | Real History</b><br>
Real History<br>
May 3, 2023<br>
An investigation into the use of creativity, art and entertainment
as a form of survival during the Great Depression of 1929;
parallels are drawn between the creativity generated during the
Great Depression and the global recession of 2009.<br>
<br>
From the ancient civilizations of years past to the dawn of the
Space Race, every week we'll be bringing you award-winning
documentaries featuring some of the world's best historians.
Subscribe so you don't miss out.<br>
<br>
Real History is part of the History Hit Network.<br>
Any queries, please contact <a class="moz-txt-link-abbreviated" href="mailto:owned-enquiries@littledotstudios.com">owned-enquiries@littledotstudios.com</a><br>
</font><br>
<font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=DUAHqrdIAz8">https://www.youtube.com/watch?v=DUAHqrdIAz8</a><br>
</font>
<p><font face="Calibri"><br>
</font></p>
<p><font face="Calibri"><br>
</font></p>
<font face="Calibri"> <i>[The news archive - looking back at 2011
when ... wait, are we still in that time? ]</i><br>
<font size="+2"><i><b>May 13, 2011</b></i></font> <br>
May 13, 2011: In an editorial, the Washington Post declares,
"Climate change denial becomes harder to justify."<br>
<a class="moz-txt-link-freetext"
href="http://www.washingtonpost.com/opinions/climate-change-denial-becomes-harder-to-justify/2011/05/13/AF44QQ4G_story.html">http://www.washingtonpost.com/opinions/climate-change-denial-becomes-harder-to-justify/2011/05/13/AF44QQ4G_story.html</a><br>
<br>
<br>
</font>
<p><font face="Calibri">======================================= <br>
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news - a few are email delivered*</span></b> <br>
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