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Was Climate Change the Greatest Financial Scandal in History?
Hotair ^ | 02/21/2026 | Stephen Moore

Posted on 02/21/2026 8:22:02 PM PST by SeekAndFind

Environmental scholar Bjorn Lomborg recently calculated that across the globe, governments have spent at least $16 trillion feeding the climate change industrial complex.

And for what?

Arguably, not a single life has been or will be saved by this shameful and colossal misallocation of human resources. The war on safe and abundant fossil fuels has cost countless lives in poor countries and made those countries poorer by blocking affordable energy.

Since the global warming crusade started some 30 years ago, the temperature of the planet has not been altered by one-tenth of a degree -- as even the alarmists will admit.

In other words, $16 trillion has been spent -- a lot of people got very, very rich off the government largesse -- but there is not a penny of measurable payoff.

But it's much worse than that. In economics there is a concept called opportunity cost: What could we have done with $16 trillion to make the world better off?

What if the $16 trillion had been spent on clean water for poor countries? Preventing avoidable deaths from diseases like malaria? Building schools in African villages to end illiteracy? Bringing reliable and affordable electric power to the more than 1 billion people who still lack access? Curing cancer?

Many millions of lives could have been saved.

We could have lifted millions more out of poverty. The benefits of speeding up the race for the cure for cancer could have added tens of millions of additional years of life at an economic value in the tens of trillions of dollars.

Instead, we effectively poured $16 trillion down the drain. For this reason, it is important that we identify the green "climate change" derangement syndrome as perhaps the most inhumane political movement in history.

The people at the Sierra Club, the Environmental Defense Fund and the United Nations, and politicians like Al Gore, Joe Biden and John Kerry who voted for and carried out this Green New Deal scam, should be placed on a wall of shame. Biden's administration alone wasted $400 billion on green energy and other sham climate change programs.

The one sliver of good news is that it appears the climate change neuroses have finally started to subside. We've reached peak global warming craziness in the U.S., for sure, and even Europe seems to have turned its back on its economically masochistic net zero fossil fuels obsession.

Donald Trump is wisely and rapidly dismantling the climate change industrial complex. Of all his pro-growth economic policies, there may be none with a higher longtime payoff than his recent order to repeal the mother of all costly regulations: the anti-fossil fuels "endangerment rule" taxing carbon dioxide emissions. The cost of that regulation had been estimated to exceed $1 trillion over time.

We can't recapture the $16 trillion wasted on a false crisis. Sunk costs are, alas, sunk. But we can stop the madness of actually believing that politicians who can't even pay off the balance on their credit cards can somehow change the world's temperature.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: carbonpropaganda; climatechange; climatehoax; fakescience; fraud; globalwarming; globalwarminghoax; hoax

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1 posted on 02/21/2026 8:22:02 PM PST by SeekAndFind
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To: SeekAndFind
Yes.
2 posted on 02/21/2026 8:30:56 PM PST by rlmorel (Factio Communistica Sinensis Delenda Est)
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To: SeekAndFind

Bookmark.


3 posted on 02/21/2026 8:43:18 PM PST by Inyo-Mono
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To: SeekAndFind
Best resource/book on the topic? Wanna be an expert "climate change" skeptic?

Buy and read...

Exposing the Great Climate Change Lie

Not expensive, up-to-date, well written and not a difficult read. Remarkably (and bravely) informative. Lynne Balzer

4 posted on 02/21/2026 8:57:34 PM PST by Seaplaner (Never give in. Never give in. Never, never, never...in nothing, great or small...Winston ChurchIill)
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To: SeekAndFind
Climate Change Industrial Complex.

Climate Change Hoax Industrial Complex.

There, fixed it

5 posted on 02/21/2026 9:10:52 PM PST by Ronaldus Magnus III (Do, or do not, there is no try. )
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To: All

The real question is, how long will the financial boondoggle continue? The thread makes it sound like an episode that has come to its end. I think it will go on quite a while longer.


6 posted on 02/21/2026 9:24:17 PM PST by Peter ODonnell (Tagline will be made available to premium donors to the O'Donnell Foundation)
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To: SeekAndFind

I think the Democratic Party Machine holds that title.


7 posted on 02/21/2026 9:25:26 PM PST by Fai Mao ( )
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To: Fai Mao

And have done so for a very long time.


8 posted on 02/21/2026 9:45:52 PM PST by No name given ( Anonymous is who you’ll know me as )
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To: SeekAndFind

The so-called “Great Recession” was the Greatest Financial Scandal in History.


9 posted on 02/21/2026 9:46:43 PM PST by BenLurkin (The above is not a statement of fact. It is opinion or satire. Or both.)
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To: SeekAndFind

When you consider how long that money could finance a standing military the size of the US military, you start to realize the magnitude of the danger we may be facing.


10 posted on 02/21/2026 10:12:05 PM PST by The Duke (Not without incident)
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To: SeekAndFind

CO2’s ability to absorb long wave radiation is almost completely saturated at 100 ppm of CO2 in the atomosphere.

Plants die at 150 ppm and lower.

How low of a level do the envirowackos want to get CO2?


11 posted on 02/21/2026 10:18:20 PM PST by TigersEye (Are the RINOs helping the Democrats with their color revolution?)
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To: SeekAndFind

ping


12 posted on 02/21/2026 10:28:12 PM PST by dennisw (There is no limit to human stupidity / )
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To: SeekAndFind

Yes. Next question.


13 posted on 02/21/2026 11:33:21 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. )
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To: SeekAndFind

Even worse. these funds were spend on covering precious environments by field of hazardous wastelands called solar arrays.
Spend on growing and cutting low quality trees to burn in biomass powerplants.
Covering precious environment by ugly, poisonous, bird killing, dangerous hum generating windmills.
One can go forever!
The so called “green” energy is total antithesis to sound environmental management.
Real environmentalists should be the first to reject “green” energy projects!


14 posted on 02/21/2026 11:33:51 PM PST by AZJeep (sane )
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To: SeekAndFind

The fleecing of America...Over and Over...


15 posted on 02/22/2026 3:51:50 AM PST by Sacajaweau
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To: SeekAndFind

Carbon votes Republican. CO2 votes Democrat. Not complicated.


16 posted on 02/22/2026 4:01:01 AM PST by DeplorablePaul
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To: SeekAndFind

a psyop
not just a financial scandal
but people control


17 posted on 02/22/2026 4:28:00 AM PST by SisterK (to do justly, to love mercy, and to walk humbly)
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To: AZJeep

thank you
needed to be said


18 posted on 02/22/2026 4:30:19 AM PST by SisterK (to do justly, to love mercy, and to walk humbly)
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To: SeekAndFind

To quote a John Prine line - “A question ain’t really a question if you know the answer too...”


19 posted on 02/22/2026 4:53:21 AM PST by trebb (So many fools - so little time...)
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To: The Duke; All
Think too about all the things that COULD have been resolved with those funds.

Also and MOST galling, is the fact that the intentionally porous pipeline of funds from tax revenue to unprincipled, greedy people (themselves wholly uninvolved with the 'projects') was designed so that absolutely anyone could (ans did) stuff their pockets at every step of the way!

20 posted on 02/22/2026 4:59:09 AM PST by SMARTY (In politics, stupidity is not a handicap. Napoleon Bonaparte I)
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