Wall Street Journal: Why Venture Capitalists Gave Up on Renewables

Without massive government subsidies, there would-be-no trillion dollar ‘unreliable’ energy scam.

The technology simply does not work. Wind and solar tech, in particular, is weather dependent, energy dilute and relies on 24/7 fossil fuel backup.

A trillion dollar, feel-good energy disaster based on global warming fears and hype that aren’t being backed up in the observational record.

What a costly joke, sending Western nations broke. Fast.

Watts Up With That?

money_sucking_vortex

Guest essay by Eric Worrall

Wall Street Journal has written a fascinating explanation for why venture capitalists have given up on renewables.

Why Venture Capitalists Abandoned Clean Energy

Two experts say high costs and low returns sent venture capitalists fleeing. A new funding model, they say, is crucial.

A decade ago, clean-energy companies were the hot trend that venture capitalists were chasing. Oil and natural-gas prices were on the rise and Al Gore’s “An Inconvenient Truth” had just made its premiere.

But high hopes that the clean-energy sector would replicate the big returns of biomedical and software startups quickly faded. Instead, monumental losses piled up: Venture-capital investors lost more than half of the $25 billion they pumped into clean-energy technology startups from 2006 to 2011.

A study of why venture capital and clean energy haven’t been a good match was launched by Benjamin Gaddy, director of technology development at Clean…

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Arctic sea ice melt has turned the corner

That “Ice-Free Arctic” we were promised, on ice for yet another year… ❄️

Watts Up With That?

I almost called this yesterday, but I needed more data to be sure. All of the data I’ve looked at agrees, Arctic sea ice is now on the upswing, and in a big way.

Here is the plot from NSIDC:

n_stddev_timeseries-9-13-16

This graph from Wipneus shows the abruptness of the change:

amsr2-area-all-cmpare

And the physics of ice is also a dead giveaway. Here, the Arctic temperature shows a dramatic upswing.

meant_2016-09-13-16

This is why: when water freezes it releases its specific latent heat.

The specific latent heat is the amount of energy required to convert 1 kg (or 1 lb) of a substance from solid to liquid (or vice-versa) without a change in the temperature of the surroundings — all absorbed energy goes into the phase change — is known as the specific latent heat of fusion.

Source: https://en.wikipedia.org/wiki/Latent_heat#Specific_latent_heat

For water, that’s about 334 KiloJoules of energy per kilogram.

Added: Note that in the…

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Massive Cover-up Exposed: 285 Papers From 1960s-’80s Reveal Robust Global Cooling Scientific ‘Consensus’

The real ‘deniers’ if you like.

Worse still, these guys, Connolley, Schmidtt and Mann are history ‘re-writers’.

There truly are no boundaries when formulating the climate scam.

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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http://notrickszone.com/2016/09/13/massive-cover-up-exposed-285-papers-from-1960s-80s-reveal-robust-global-cooling-scientific-consensus/#sthash.oWZrStbL.PXvEHcU3.dpbs

Kenneth Richard provides a detailed and damning account in NoTricksZone of the attempt to cover up global cooling in the 1970s by William Connolley:

Beginning in 2003, software engineer William Connolley quietly removed the highly inconvenient references to the global cooling scare of the 1970s from Wikipedia, the world’s most influential and accessed informational source.

It had to be done. Too many skeptics were (correctly) pointing out that the scientific “consensus” during the 1960s and 1970s was that the Earth had been cooling for decades, and that nascent theorizing regarding the potential for a CO2-induced global warming were still questionable and uncertain.

Not only did Connolley — a co-founder (along with Michael Mann and Gavin Schmidt) of the realclimate.com blog — successfully remove (or rewrite) the history of the 1970s global cooling scare from the Wikipedia record, he also erased (or rewrote) references to the Medieval…

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