Head of IPCC Poised to Make a Fortune for Himself — Wow, this guy is really something. Exactly how all the facts in this article were ignored by the media until now is astonishing. He will be the first Carbon billionaire, not Gore. Gore is small potatoes compared to this genius.

No one in the world exercised more influence on the events leading up to the Copenhagen conference on global warming than Dr Rajendra Pachauri, chairman of the UN’s Intergovernmental Panel on Climate Change (IPCC) and mastermind of its latest report in 2007.

Although Dr Pachauri is often presented as a scientist (he was even once described by the BBC as “the world’s top climate scientist”), as a former railway engineer with a PhD in economics he has no qualifications in climate science at all.

What has also almost entirely escaped attention, however, is how Dr Pachauri has established an astonishing worldwide portfolio of business interests with bodies which have been investing billions of dollars in organisations dependent on the IPCC’s policy recommendations.

These outfits include banks, oil and energy companies and investment funds heavily involved in ‘carbon trading’ and ‘sustainable technologies’, which together make up the fastest-growing commodity market in the world, estimated soon to be worth trillions of dollars a year.

related story:

Carbon traders already making millions. And they are not who you think they are.

The oil companies, given huge amounts of permits, found it easy to trim their emissions a little and so make huge profits. Expanding businesses and public services, on the other hand, were forced to buy more permits. In its first year of operation Shell made a profit from carbon-trading of £49.9million and BP a profit of £43.1million.

How much detail will the public and “warmists” need to read and hear about before it dawns on them that this is one huge scam and the money is coming out of their pockets in the form of increased prices and taxation? Dumbing down the educational system and subverting the media has indeed paid off.

Found by Tom Diggle and Stuart001 via Twitter.




  1. Greg Allen says:

    This jerk seems like just another conservative insider fatcat to me.

    I agree with John here — even if he is simply running this post in his on-going attempt to make us all cynical and dull in our attempts to avoid an epic crisis.

  2. Faxon says:

    It seems to be more clear to more people that the climate scare is BS. Perhaps it will soon go the way of the nuclear winter cooling threat of the 70’s. Dopenhagen seems to have had a cooling effect.

  3. dusanmal says:

    Proper rephrasing of #1:

    This jerk seems like just another liberal insider fatcat to me.

    I agree with John here — even if he is simply running this post in his on-going attempt to make us all cynical and dull in our attempts to avoid an epic swindle.

  4. qb says:

    Carbon trading == tulip trading

    Oil companies, financial traders, investment banks, and CO2 levels will all grow.

  5. LibertyLover says:

    How much detail will the public and “warmists” need to read and hear about before it dawns on them that this is one huge scam and the money is coming out of their pockets in the form of increased prices and taxation?

    Ah, come on, John! Why so cynical?

    All we need to do is hold each other’s hands, sing kum-ba-ya, and then they’ll want to accept the lower profit margins.

  6. B.Dog says:

    When will Monsanto rid us of these parasites?

  7. jccalhoun says:

    So the people investing in green technologies and possibly making millions makes climate change a scam. Then what about the people invested in oil and the status quo who make hundreds of billions a year? Isn’t that an even bigger scam?

    millions off of climate change = scam

    hundreds of billions off of no climate change = no scam???

  8. NorskeGuy says:

    #8

    Er no, it’s called business

  9. qb says:

    jccalhoun, I think everyone knows I’m a green guy. Personally I do the little things that I think are important, but mainly I have the money to invest and can wait 5-10 years for things to pay off. I’m talking mainly about home efficiency and travel.

    I also think that cap and trade is idiotic. After Kyoto carbon emissions accelerated and carbon trading started. That system doesn’t work. What it does mean is that money flows out of pockets of you and me, the people who can have the most direct impact on carbon emissions.

    And all you guys who think it’s a right vs. left issue. Everyone has their hands deep in this trough.

  10. JimR says:

    jccalhoun, oil will make money regardless. Oil companies are making their biggest profits in history during this climate change hysteria.

    The SCAM is that the people who are creating the hysteria are profiting. Oil companies aren’t saying that if you don’t buy oil that the earth will burn. Climate change alarmists are profiting off a bogus danger.

    Sir John Houghton, first co-chair of the IPCC and lead editor of the first three IPCC Reports said, “Unless we announce disasters no one will listen.”

    Two thirds of the people involved in the IPCC (1900 of 2500) are not climate experts and study what might happen, not will happen. So the entire process was established to achieve the goal of announcing (potential) disasters.

  11. amodedoma says:

    I don’t get it, capitalism is only good when the government is screwing it with bailouts?
    At least this clown is offering something in return. This guy’s got a scam going, but your government hasn’t? At least people can decide to buy things from the company he invests in or not. But the banks most of you deal with all the time have screwed you real hard and few of you have even noticed.
    Personally I’ve given up on posting about the climate. There’s no avoiding the disaster to come. I will continue to prepare, and pray for the salvation of the human race. Even the idiots living in denial that made matters worse.

  12. TThor says:

    Lovely read! Good to see them stripped to the bone, so we can see who they are. This time Rajendra Pachauri Mongrels!

  13. conrack says:

    Greg Allen
    the near-unanimous agreement of ONLY THE 52 PERCENT OF THE WORLDS climatologists that believe in AGW.

  14. jccalhoun says:

    The SCAM is that the people who are creating the hysteria are profiting. Oil companies aren’t saying that if you don’t buy oil that the earth will burn. Climate change alarmists are profiting off a bogus danger.

    No but the Oil Companies are saying “There’s a debate! The science isn’t settled! Don’t change your behaviors!” It isn’t any different than the tobacco companies saying that smoking doesn’t cause cancer. Much of the climate change denying stuff comes from organizations and/or people who are paid by the oil and/or coal industry.

  15. Tim says:

    Big Oil meme will be replaced by Big Carbon.

  16. mal says:

    >> Seriously – the only reason I believe in global climate change is because I believe in science.

    #14: Hate to break it to you, but science isn’t a believe, it’s… science! (don’t know where you found the 90%, but i’d say your sources are quite flawed.)

  17. N74JW says:

    …and he looks like a Klingon. Reptile!

  18. Dr Dodd says:

    #14-Greg Allen-You think _I’m_ the stupid one for siding with the scientists over Rush Limbaugh.

    All kidding aside I don’t think you are stupid and rate you no lower than naive. Like many others you have simply been had.

    Scientist have proven by their actions and false results that they can no long be trusted. To believe what they say when it comes to climate change is placing to much confidence in people who do not deserve it.

    It’s time to step back and look at the reality of what is happening instead of thinking with emotions.

  19. JimR says:

    Greg, it’s very sad, but the science has been compromised, and we have been played like sheep. There are no official numbers of earths scientists that agree 100% on anthropogenic climate change. There is no list, no official petition signed by all these supposed scientists. The mysterious numbers range from 2000 to 10000 and now to 90% of world scientists. It’s just verbal BS. Our very existence is supposedly on the line and we’ve got data disappearing, being altered, A roller coaster chart manipulated into a hockey stick, dissenters being removed from an IPCC report by Benjamin Santer, and now a head scare monger making huge profits on a successful campaign. What is it going to take for you to realize you are being taken for a chump?

    The fact is, by their very own analysis, they don’t know with any certainty what effect CO2 will have on world temperatures. In fact the dreaded 2° increase at 450PPM has a 67% chance of being only a 1° increase. Below 67% confidence the temperature increase approaches ZERO. So if nothing happens, they have covered their asses and we pay to eliminate a gas that may in fact do more good than harm.

    Source: IPCC Fourth Assessment Report, WG I, Chapter 10, Table 10.8

  20. qb says:

    jccalhoun, of course they will. Newspaper have been saying for years that the internet won’t affect them. Tobacco companies successfully argued that smoking isn’t linked to cancer for more than 40 years. Same with the oil industry.

    Oil is the world’s #1 commodity. Think about that for a moment and you realize the economic upheaval involved. Why do you think it scares the crap out of people?

    On one side you have the climate change bogeyman who (conservatives, rich, anti-science, whatever you want to call them) who claim that this is all part of the great circle of life and please don’t take away my standard of living. They also think oil production and supplies aren’t a problem even though the writing was on the wall 10 years ago.

    On the other side you have the climate change alarmists (left wingers, smelly hippies, media demagogues, etc) who say one thing but do the opposite. Chavez and Obama talk tough but they really are only reinforcing, and even accelerating, the current commodity/consumption model.

    It’s ironic that extremists on both sides are actually sleeping together in a whacky love/hate relationship. When it comes right down to it I’m betting the economics and practical necessity will drive change faster than either side likes. People like us need to turn the current economic and political models on their side and look at things quite differently. The problems cross-cut traditional political, social, and economic models.

    Changes are coming, that’s life. The questions are only when and how changes they will come. It won’t come from Rajendra Pachauri or Lord Monckton since they’re just two sides of the same coin.

  21. RSweeney says:

    It’s not just the overt corruption, it’s the behind the scenes power mongering that is so frightening about this entire scenario. It’s a perfect storm of corruption.

    AGW-based laws allows government and its minions to decide who wins and who loses. Without special protection, available only from government, entire industries can be destroyed. But with a kindly nod from the government (available by bowing to power), billions can be made.

    This is designed for trading political protection into money. And yet because of the green religion, few will admit its danger.

  22. Animby says:

    WOW! Imagine that. Quick turn on the TV. Let’s see what the NBC news says … hmmm. Odd. Not mentioned. Must have been a lot of news today. Let’s try CBS … What? Nothing? ABC? CNN? BBC, for god’s sake? NOTHING?!?!?!? You’d think coming on the heels of the CRU emails this would be BIG news!

  23. chuck says:

    Global warming deniers are tools of Big Oil.
    Global warming believers are tools of Big Carbon.
    The people in charge screw everyone.

    And the sun rises in the morning.
    And life goes on.

  24. freddybobs68k says:

    #14 Greg Allen

    I agree with you.

    As time goes on there is more and more scientific evidence linking man made emissions to climate change. And as the science becomes more solid, the public perhaps due to now realizing this could impact them, as well as fear and confusion from elsewhere is moving in the opposite direction.

    Accepting there is man made climate change, and that it may impact negatively life is a different thing from what if anything to do about it.

    Cap and trade – I’m not convinced.

    Better to just tax at the raw materials it seems to me. Use more, pay more. I don’t actually think the main reason for doing this should be climate change but because – particularly oil – is a limited and precious resource. It helps national security and economically.

    Looks like we are going to have to deal with the repercussions anyway, certainly the way things are progressing. Will it be a complete disaster? I don’t think so, but that doesn’t mean doing nothing or pretending it doesn’t exist is the best way forward.

  25. bob says:

    The idea that skepticism is illegitimate in the face of consensus (of all things!) was always a red flag indicating that the side which was making that point was not engaged in science.

    Now we see that belief is bought-and-paid-for.

    We have also seen recently that the ‘consensus’ is artificial.

    None of this PROVES anything. But it does mean we have to press the ‘reset’ button on the whole ‘you’re stupid if you don’t believe it’ line- a line that has always constituted a single-step proof that its speaker is unconcerned about science.

    It also means that years of research, mostly done by sincere and honest and conscientious actors, has been contaminated and must be redone.

    Everything has changed. The global warming debate is virtually at square one.

    This is bad no matter how you look at it.

    Let’s try to stick to actual science – the kind that has skepticism at its very heart, as part of the definition of what it is – this time, shall we?

  26. Mick&Monk says:

    Great moments with Mr. Lincoln..just sayin

  27. RBG says:

    14 Greg Allen

    “I’m going along with the 90% of earth scientists who think this is real.”

    News Flash: global average temperatures peaked during the El Nino year of 1998 — and since 2001, the temperature trend has declined slightly.

    This against all the manufactured computer projections of your experts. The science shows your experts don’t know what they are talking about.

    RBG

  28. Obamaforever says:

    From: Obamaforever
    To: Johnny (aka John C. Dvorak-King of the anti-Climate Change articles)

    Johnny, correct me if I am wrong, but I am thinking you believe that the science behind Climate Change is a scam because you believe that the capitalism behind “carbon trading” is a scam.

    Dear Johnny, the science of Climate Change and the capitalism of “carbon trading” are mutually exclusive. Only you would connect the two!!!!!!!!!!!!!!!

  29. ArianeB says:

    How much detail will the public and “warmists” need to read and hear about before it dawns on them that this is one huge scam and the money is coming out of their pockets in the form of increased prices and taxation? Dumbing down the educational system and subverting the media has indeed paid off.

    How many logical fallacies can be found in this once paragraph. I count at least 6, the most obvious being non-sequitir fallacy and attacking the messenger fallacy.

    If you want to follow the money, the oil and coal industry stand to lose tens of billions if strong climate change legislation is passed. They are the ones financing the never ending barrage of anti-AGW propaganda in the conservative press.

    The science is good science: Global warming is happening, it is human caused, and it is doing irreperable harm to the earth’s eco-systems. The detail’s are debatable for sure, but not the basic conclusions.

  30. bill says:

    Opps! I don’t know why the tinyurl thingie did’t work..
    sorry!

    Check out the founder of the weather channel.


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