“.. One of the definition of corporate “rent-seeking” is seeking to obtain revenue “in excess of what is needed to keep it employed in its current use by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth. Rent-seeking implies extraction of uncompensated value from others without making any contribution to productivity.”
When a corporate giant such as Germany’s Siemens sets up shop at the climate conference it would like you to think it is doing so for altruistic reasons. Nothing could be further from the truth. They are in Morocco seeking to sell their products at prices no consumer would freely choose to pay.
The same goes for the rest of the carbon carpetbaggers here at the COP. The shameful part is that they revel in unearned moral advantage by claiming that they are here to save the Earth.
In UN climate politics business NGOs are called “BINGOs.” The names is a useful reminder that these crony capitalists come not to serve, but to win.
Corporations don’t get into the climate business to change the temperature of the planet or help mitigate the harmful effects (which have yet to occur) of climate change. They are here to fleece tax and ratepayers and put competitors at disadvantage.
In Vegas they tell you to “bet with your head not over it.”
In the climate casino no one is permitted to rise from the table, go home and sober up.
Climate politics and Green business do not work without coercion.
Time to put the central planners and crony capitalists out of business and let the market find the most efficient sources of energy, goods and services again.
For nature and people too.”
The sharks are circling.
As world leaders attempt to implement the Paris Climate Agreement signed last year, crony capitalists are gathering, eager to take a bite out of the giant heap of cash allotted for the UN Green Climate Fund, and massive national grants and subsidies.
The convention was jam packed with high tech and expensive displays from organizations like wind and solar power companies and even an association offering “climate risk coverage” for climate change disasters.
With thousands of delegates attempting to put their new-found billions to use, these companies smell blood in the water.
One wind power company with the fitting name of “Gaia Energy,” a self-prescribed “large scale renewable energy developer,” admitted how unreliable these farms really are: “It will take 7 years to complete one wind energy project…In a good case, [the turbines] will spin 50% of the time.”
The regions of Africa are proving to be a gold mine for companies looking to expand their so-called “green” reach. A map displayed at Gaia’s setup shows projects in Morocco, Algeria, Tunisia, Nigeria, Benin, Ghana, Cote D-Ivoire, Ethiopia, Kenya, Tanzania, and even Iran.
Renault Nissan was also in attendance, showing off their fancy new electric car available in Morocco. According to the salesman, the model on display will cost between 17,000 and 26,000 Euro, with a range of only 130 miles on a full charge. That’s under ideal driving conditions. After staying here in Marrakech for the better part of a week, I can say I’ve only seen one electric car charging station. And that was at the UN itself.
Assistant Manager for Communications & External Affairs of Acwa Power, Abdelmajid Benjelloun, explained to us the Morocco Solar Power Plan through slick virtual reality machines. The plant, known as the NOOR, is to be finished sometime in 2017. Unlike other photovoltaic (PV) panels, the NOOR uses a system called concentrating solar power or CSP. This allows the plant to provide energy well into the night hours, even without the sun shining, by using molten salt that creates steam and powers a turbine.
We asked Benjelloun about the killing of birds and wildlife by solar plants. His response: “Oh…that’s a good question.” He couldn’t provide any other answer.
It’s clear that while the delegates and heads of state wine and dine, crony capitalists are gathering around, trying to snag as much money as they can, regardless of the consequences.
What happens if the next U.S. president tells the sharks they will have no more of our money to feed on?