Markets Skewed - Reasons Why

1,424 views · Published 21 July 2016 · 4:00 · Indexed 31 October 2026

Channel: Friends of Science · 2016 · Science & Technology

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Mark Carney, Governor of the Bank of England, was in Canada on July 15, 2016, to make a case for carbon pricing, claiming rising insurance costs are due to climate change extremes.  However, Steve Kopits of Princeton Energy Advisors has assessed Mr. Carney's claims in the past and found them to be a 'critical failure of analysis.' Michelle Stirling, Communications Manager for Friends of Science Society, discusses how banks, institutional investors, philanthropic foundations, and ENGOs have gone off on their own tangent on climate change, often making a push for vested interests in renewable energy (or carbon trading) as a solution for a non-existent crisis.  The Reece Committee of the 1950's (Special Committee to Investigate Tax Exempt Foundations)  examined the dangerous powers of massive foundations and how they could affect society.  The topic is further discussed in two new Friends of Science Society reports "Undue Influence-Markets Skewed" and "A Confluence of Carbon baggers."

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