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Deutsche Bank — A Wunch of Bankers ( Carbon credits: Just another excuse to "print money" )
JoNova ^ | September 11th, 2010 | Joanne

Posted on 09/10/2010 1:01:50 PM PDT by Ernest_at_the_Beach

Carbon credits: Just another excuse to "print money"


If this was Exxon pushing a PDF promoting skeptical views, it would be on the front page tomorrow. Where are the front page headlines?

“Bankers feed scare-mongering report”

Instead it’s just Deutsche Bank try to save the world their profit line.

Just in case you are missing your daily dose of being spoon fed propaganda by Bankers who want your money, see Climate Spectator Balancing reason and risk, where Deutsche Bank is helping the skeptics by giving us yet another example of just how desperate they are to get carbon trading running.

Q: When will the bankers worry about whales?

(Ans: When they can trade Humpback Credits.)

The good news is we are getting to them, and we are marking the lines they need to jump over. They now admit it looks bad when they denigrate scientists (they finally “get” that they shouldn’t call scientists deniers):

Although the scientific community has already addressed the sceptic arguments in some detail, there is still a public perception that scientists have been dismissive of the sceptic viewpoint,

Watch how they pretend to care about the science (science-schmaltz), even as they trash the scientific method by arguing from authority:

…we at Deutsche Bank Climate Change Advisors (DBCCA) have always said that the science is one essential foundation of the whole climate change investment thesis. Navigating the scientific debate is therefore vitally important for investors in this space.

For these reasons, we asked our advisors at the Columbia Climate Center at the Earth Institute, Columbia University, to examine as many as possible of the major sceptic claims in the light of the latest peer reviewed scientific literature and to weigh the arguments of each side in the balance.

The result is, [a 51 page document!] we believe, a balanced, expert, and detailed assessment of the scientific case for climate change that will help investors navigate these extremely complex issues.

As always, there’s “that line” where the basic physics that might give us 1.2 degrees is hailed as if it explains it all:

To us, the most persuasive argument in support of climate change is that the basic laws of physics dictate that increasing carbon dioxide levels in the earth’s atmosphere produce warming. (This will be the case irrespective of other climate events.)

But lookee here. The feedback argument makes an appearance. So Deutsche Bank are forced to come up to another line we’ve drawn in the sand. They admit they have to answer:

The only way that warming can be mitigated by natural processes is if there are countervailing ‘feedback mechanisms’, such as cooling from increased cloud cover caused by the changing climate.

Then there is the straight out deceit:

A key finding of the current research is that there has so far been no evidence of such countervailing factors.

No evidence? Douglass 2007, Spencer 2007, Lindzen & Choi 2010, McKitrick 2010, McShane 2010, Spencer 2010 and of course, the entire radiosonde record going back to 1959.

In fact, most observed and anticipated feedback mechanisms are actually working to amplify the warming process, not reduce it.

That’s according to the models that predict things we know don’t happen.

This is an information war

The lesson from this is that even the most well resourced advocates armed with PR, marketing and teams of scientists can’t endlessly back a false claim, not as long as we have free speech. With next to no resources we’re setting the rules. We’ve pointed out their bad manners, their censorship and their name-calling, and so even the bullies recognize there’s a price — they can’t afford to be “seen” doing those things. So they finally start being polite, finally admit there are “uncertainties”, and admit the feedbacks are worth talking about.

Next step: we need to point out why “Bankers Really Want Us To Trade Carbonand show it for what it is. When bankers push it on us, it marks them as profit hungry corporations who are happy to see their customers cheated, who have no interest in protecting their investors, and are keen to join in the propaganda war. We need to make their every attempt a net negative for them. The alarmists made it too painful for Exxon to support skeptics with pitifully small amounts, so we are only returning fire with fire. If Exxon can’t support unpaid skeptics, why should Bankers get away with pushing their power-hungry, profit-seeking legislation that is backed-by-a-fake-consensus and supported by scientists who cheat, hide data, and declare only half the truth?

When the public starts to associate bankers pushing carbon-scares as being bad corporate citizens, the bankers will sit it out quietly. They’ll still fund the PR, but they won’t want their name on it. It will be another small win for us.

Note their Disclaimer:

Disclaimer
This material is intended for informational purposes only and it is not intended that it be relied on to make any investment decision.

ie: we can lie to you and it’s ok, you can’t sue us.

Who would trust this bank?

Their 51 page pdf report attacks all the usual Strawmen.

See Deutsche Bank exposed in a previous post for advertising for climate change, and (if you want) see more Deutsche Bank propaganda on their site.

The short killer summary: The Skeptics Handbook. The most deadly point: The Missing Hot Spot.



TOPICS: Business/Economy; Computers/Internet; Conspiracy
KEYWORDS: climatechange; globalwarminghoax

1 posted on 09/10/2010 1:01:55 PM PDT by Ernest_at_the_Beach
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To: steelyourfaith; Tolerance Sucks Rocks; SunkenCiv; Paul Pierett; neverdem; I got the rope; ...

fyi


2 posted on 09/10/2010 1:03:04 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: All
From the article:

For these reasons, we asked our advisors at the Columbia Climate Center at the Earth Institute, Columbia University, to examine as many as possible of the major sceptic claims in the light of the latest peer reviewed scientific literature and to weigh the arguments of each side in the balance.

**********************************************************

I bet that is connected with James Hansen.......

The website:

Climate and Society

3 posted on 09/10/2010 1:10:46 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

RIght, so we’ll see these carbon trading groups inside the largest banks on the planet going out and funding every university and NGO that will provide them with the agitprop for stakeholder fronts. Nothing new here... been the MO since the 1980’s.

But I got a question... what is a wunch of bankers? Doesn’t “wunch” translate from German to English as “wish”?


4 posted on 09/10/2010 1:12:04 PM PDT by JerseyHighlander
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In humankind’s pursuit of well-being, we both influence and respond to climate. Anthropogenic emissions of greenhouse gases affect the heat balance of the Earth, and the resulting changes in precipitation patterns, temperature extremes and rising sea levels affect how society develops. The dynamic interaction between humans and climate is not new, but the scale of the interaction has reached unprecedented proportions.

Climate research at the Earth Institute spans multiple disciplines. While climate scientists study the effects of increased temperatures and atmospheric carbon dioxide on the world’s oceans and weather patterns, engineers are seeking ways to produce cleaner energy and provide steady supplies of fresh water. Social scientists, policy experts and lawyers are studying human behavior in the face of change as a way to improve how we make decisions, and the policy and legal tools we can use to implement measures that address the climate challenge. The Columbia Climate Center integrates research from throughout the University and across disciplines to translate the best climate knowledge into practical solutions.

Featured Projects

Lamont-Doherty Earth Observatory (LDEO)

A Lamont-Doherty Earth Observatory (LDEO) project, Abrupt Climate Change in a Warming World (ACCWW), studies abrupt changes in climate in the past, present and future in the context of anthropogenic warming. A guiding premise of the project is that the ability to understand and predict what might occur in the future comes from observations of present and past conditions. Numerical models that simulate climate conditions provide our view of the future. The recent cases of dramatic change, such as loss of summer Arctic sea ice; the speed up of Greenland outlet glaciers; ongoing droughts in southwestern North America, Asia and Australia; heat waves; and destructive hurricanes highlight the urgency of improved understanding of climate processes and the rate at which these changes occur.

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Tree-ring samples are being collected from across the monsoon-affected region of Asia to reconstruct the history of monsoon indices over past centuries to millennia. There is particular urgency in collecting more records in the face of the destruction of unique old-age forests.

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Climate change and uncertainty are complex topics relating to a wide range of populations. To date, social science research has not been sufficiently exploited to help individuals and groups incorporate information about climate uncertainty and environmental risk into decision making. The Center for Research on Environmental Decisions (CRED) has released “The Psychology of Climate Change Communication.” This guide, aimed at climate researchers, policymakers, communicators and the interested public, uses the center’s research in the social sciences to provide insight into how to better communicate climate change. Laboratory and field research, synthesized with real-world examples, is translated for a broader audience of environmental communicators.

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Climate presents a challenge to people whose livelihoods are closely linked to their environment. An invaluable tool to manage climate risk management is index insurance, which the International Research Institute for Climate and Society (IRI) is addressing in partnership with the United Nations Development Program, the International Fund for Agricultural Development, Oxfam America, Swiss Re, the U.S. National Oceanic and Atmospheric Administration, and the World Food Program.

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Center for Climate Change Law (CCCL)

What is being done to respond to the effects of changing climate from a regulatory and legislative perspective? And how does one keep track in a rapidly moving policy landscape? The Climate Regulation Tracking Service project at the Center for Climate Change Law (CCCL) assembles and analyzes up-to-date national legislation that covers renewable energy standards, emissions reductions, fuel efficiency standards and more.

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In this exploratory phase, the network will be hosted by the Earth Institute, coordinated by the Columbia Climate Center and overseen by two global project boards, one for adaptation and one for mitigation. Scott Barrett will chair the Mitigation Board, and Shiv Someshwar will chair the Adaptation Board. Jeffrey D. Sachs, director of the Earth Institute, will oversee the program.

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5 posted on 09/10/2010 1:12:40 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: JerseyHighlander

I puzzled about that...but went ahead and posted it anyway...will check the comments at JoNova.


6 posted on 09/10/2010 1:14:18 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: All

Post #5 is from the website linked at post #3....


7 posted on 09/10/2010 1:17:38 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: JerseyHighlander
Doug S has a comment about the phrase:

*************************EXCERPT****************************

DougS:

I’m shocked at Joanne using: “…A Wunch of Bankers” in her title!

Well not exactly shocked, surprised maybe, no, that’s not the word for it either, hilariously delighted – yes that’s it.

I didn’t even know Carl Wunsch was a Banker!

********************************

Oh maybe this helps....:

Carl Wunsch --- Cecil and Ida Green Professor of Physical Oceanography

8 posted on 09/10/2010 1:23:26 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: JerseyHighlander
MORE:

From the Website post #8:

Welcome to the OfcomSwindleComplaint website

***************************

Welcome. This website contains details of the most comprehensive of the complaints to the UK Office of Communications (Ofcom) regarding Channel 4s film The Great Global Warming Swindle. The complaint was submitted to Ofcom on June 11, 2007.

This website was created for members of the public who are curious about the claims in the film. It is our hope that visitors to this site will use the objective information presented here to become better acquainted with what is known about our climate and clearer on where uncertainties remain.

Every line of script and every graphic in the film was held up to scrutiny in the complaint, revealing the film to be littered with factual errors and apparently wilful deceptions. The complaint was organised by three concerned citizens and was co-authored and peer reviewed by a group of 20 people. Some of the worlds most respected and experienced climate scientists, including former IPCC chairs and co-chairs, were involved, as were distinguished experts in epidemiology, entomology, economics, the media and renewable energy. For full details of the authors, reviewers and other contributors, please see the cover sheet, the Acknowledgements section, and Appendices I and J, on the Full Complaint menu.

Many of the misleading and inaccurate arguments present in the film have also been used elsewhere, and ultimately amount to an attack on the science of climate change itself, as well as on the mainstream science community and on the scientific method in general. We hope this website will become a useful educational resource.

The complaint is not an attack on free speech (see About Ofcom for more details). It was filed because the complainants believe public service broadcasters have a duty to maintain minimum journalistic standards, and that the public has a right to expect broadcasters, and especially public service broadcasters, not to set out to mislead us. Although billed as a science documentary, the film was in fact a slick, and very clever propaganda piece.

For this website, the complaint has been converted into html and broken down by category in order to make it as accessible as possible. Full PDF versions are also available. The menus and navigation bar at the top and bottom of each page are there for easy navigation, as are the icons near the top of each page.

If you are new to the site, a good place to start is the About menu. If you are an old-timer, you might want to check the Whats New page under the About This Site menu occasionally.

We hope you find the website useful and informative.

Dr Benjamin Santer has written on our Responses to the Ruling page:

Anyone who has children has an investment in the future – an investment in the kind of world we leave behind for our descendants. In order to take informed decisions on what to do about the problem of human-induced climate change, and hence on our climatic legacy, we need an informed electorate. The media play a crucial role in this process of disseminating information to the general public. They are a trusted source of information. Given their privileged position, they have a responsibility to get the science right, and to get the facts right, particularly on matters of significant national and international concern.

Unfortunately, Channel 4 abdicated their journalistic responsibility to give a fair and balanced picture of the current state of climate science. They presented a completely false picture of a community of climate scientists actively engaged in duping the rest of the world. Channel 4s Great Global Warming Swindle focused on selling a bizarre conspiracy theory to the British public, rather than on doing the diligent, painstaking reporting that would have been necessary in order to improve public understanding of a complex scientific issue.

9 posted on 09/10/2010 1:27:47 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

Flip the “W” and “B” in the headline...:^)


10 posted on 09/10/2010 1:31:06 PM PDT by az_gila (AZ - one Governor down... we don't want her back...)
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To: az_gila

LOL!


11 posted on 09/10/2010 1:33:48 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

Obscure much?
Wunch is the term proposed to describe a group of bankers... from the British TV show “Yes, Minister” which is old enough I have never heard of it before.

Yes Minister is a satirical British sitcom written by Sir Antony Jay and Jonathan Lynn that was first transmitted by BBC television and BBC Radio between 1980 and 1984, split over three seven-episode series. The sequel, Yes, Prime Minister, ran from 1986 to 1988. In total there were 38 episodes—of which all but one lasted half an hour.

wunch - Spoonerism - collective noun used exclusively for members of the Banking profession, as in “A Wunch of Bankers” (think about it!).


12 posted on 09/10/2010 1:39:12 PM PDT by JerseyHighlander
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To: JerseyHighlander
LOL...good research....

Never heard of the series...but I suppose it played in Australia.

13 posted on 09/10/2010 2:08:02 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach; rdl6989; livius; DollyCali; IrishCatholic; meyer; SteamShovel; Desdemona; ...
Thanx !

 


Beam me to Planet Gore !

14 posted on 09/10/2010 4:42:30 PM PDT by steelyourfaith ("Release the Second Chakra !!!!!!!" ... Al Gore, 10/24/06)
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To: Ernest_at_the_Beach

One hardly knows at this point where to point the finger at the biggest swindler(s) within this AGW scheme. So many con men involved within so many structures it is enough to give one heart burn.


15 posted on 09/10/2010 5:42:22 PM PDT by Marine_Uncle (Honor must be earned....)
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To: Ernest_at_the_Beach; AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; ...

That topic title is my idea of co-me-deee! Thanks E!


16 posted on 09/10/2010 6:53:30 PM PDT by SunkenCiv (Democratic Underground... matters are worse, as their latest fund drive has come up short...)
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