Follow the hot money

Follow the hot money

By Andrew Bolt
Herald Sun, July 23, 2009

Who wouldn’t be a believer, in such a climate?

* The US government has provided over $79 billion since 1989 on policies related to climate change, including science and technology research, foreign aid, and tax breaks.

* Despite the billions: “audits” of the science are left to unpaid volunteers…

* Carbon trading worldwide reached $126 billion in 2008. Banks are calling for more carbon-trading. And experts are predicting the carbon market will reach $2 – $10 trillion making carbon the largest single commodity traded.

* Meanwhile in a distracting sideshow, Exxon-Mobil Corp is repeatedly attacked for paying a grand total of $23 million to skeptics—less than a thousandth of what the US government has put in, and less than one five-thousandth of the value of carbon trading in just the single year of 2008.

Read Joanne Nova’s findings in full here.

But maybe all this spending really is saving us from warming. Observe that spending goes up …

… and the temperature goes down:

It worked!

UPDATE

A new paper says changes in ocean currents, rather than carbon dioxide, explain most of the recent warming:

Overall the results suggest that the Southern Oscillation exercises a consistently dominant influence on mean global temperature, with a maximum effect in the tropics, except for periods when equatorial volcanism causes ad hoc cooling. That mean global tropospheric temperature has for the last 50 years fallen and risen in close accord with the SOI of 5–7 months earlier shows the potential of natural forcing mechanisms to account for most of the temperature variation.