GOVERNMENT MONOPSONY DISTORTS CLIMATE SCIENCE
July 24, 2009
The federal Government has a near-monopsony on climate science funding. This distorts the science towards self-serving alarmism, according to a new study by Joanne Nova and published by the Science and Public Policy Institute (SPPI).
- The U.S. government has spent more than $79 billion of taxpayers' money since 1989 on policies related to climate change, including science and technology research, administration, propaganda campaigns, foreign aid and tax breaks; most of this spending was unnecessary.
- Despite the billions wasted, audits of the science are left to unpaid volunteers; a dedicated but largely uncoordinated grassroots movement of scientists has sprung up around the globe to test the integrity of "global warming" theory and to compete with a lavishly-funded, highly-organized climate monopsony; major errors have been exposed again and again.
- Carbon trading worldwide reached $126 billion in 2008 and banks, which profit most, are calling for more; experts are predicting the carbon market will reach $2 - $10 trillion in the near future when hot air will soon be the largest single commodity traded on global exchanges.
- Exxon-Mobil Corp is repeatedly attacked for paying just $23 million to skeptics -- less than a thousandth of what the U.S. government spends on alarmists, and less than one five-thousandth of the value of carbon trading in 2008 alone.
- The large expenditure designed to prove the non-existent connection between carbon and climate has created a powerful alliance of self-serving vested interests.
- By pouring so much money into pushing a single, scientifically-baseless agenda, the Government has created not an unbiased investigation but a self-fulfilling prophecy; as a result, sound science cannot easily survive the vice-like grip of politics and finance.
"This study counts the cost of years of wasted Federal spending on the 'global warming' non-problem. Government bodies, big businesses and environmental NGOs have behaved like big tobacco: recruiting, controlling and rewarding their own "group-think" scientists who bend climate modeling to justify the State's near-maniacal quest for power, control, wealth and forced population reduction, says Robert Ferguson, SPPI's president.
Source: Robert Ferguson, "Government monopsony distorts climate science, says SPPI" TransWorldNews, July 22, 2009; based upon: Joanne Nova, "Climate Money," Science and Public Policy Institute, July 22, 2009.
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