Blog Archives

The Classic Green Non Story – Coal Assets Could Be Halved If…..

Coal assets could be worth less than half of their current market value if the world agrees tougher climate targets according to a report by the bank HSBC

Coal assets could be worth less than half of their current market value if the world agrees tougher climate targets according to a report by the bank HSBC

If is the middle word in life” said Marlon Brando’s character Colonel Kilgore in the movie Apocalypse Now.

Generations of computer programmers know If is a conditional, as in the conditional If, used in many programming languages, only in warming alarmist world are conditionals an absolute, where if and could, are actually synonyms for will.

When you couple this skewing of language with vested interests reporting on vested interests, you end up with the a classic Green non story like “Value of coal assets ‘could be halved’ if world goes low-carbon“.

Conditionals are of course based upon probability, and obviously there is a chance that the entire world could decide to believe the Green meme, leave fossil fuel reserves in the ground and decide to follow a dimly lit future based upon intermittent Green approved energy generation.

The big question, is it likely? Read the rest of this entry

Advertisements