RE:RE:China to increase spending on E&P 18% per yearretiredengexec wrote: So let's kill our Oil and Gas industry. The biggest culprit is coal. The top five coal producers including the largest of which is China, produce 97 times that of Canada. Canada produces 1.6 percent of the worlds Co2 of which 25 percent comes from oil and gas. So killing our oil and gas industry will do nothing to stop climate change. BTW I haven't heard Norway killing their oil and gas industry.
Excerpts from "Friends of Science"
Trudeau’s Crazy Climate Plan At a December 11, 2020 news conference Prime Minister Justin Trudeau unveiled his government's new plan for Canada to reduce greenhouse gas emissions by 2030. The $15-billion plan includes the federal price on carbon rising to $170 per tonne by 2030. He has pledged Canada to achieve net-zero greenhouse-gas emissions by 2050. This plan is anti-science and anti-economics. The plan relies on climate models that over-estimate warming in the tropical mid-troposphere, 1979–2016, by a factor of 2.7(the average warming trend of 23 climate models is 0.27°C/decade while the trend of the measurements is only 0.10°C/decade). At the Earth’s surface as well, the climate models over-estimate warming by a factor of 2. Climate models tell us nothing about how sensitive the climate is to greenhouse gas emissions as they are based on wild guesses of cloud effects and upper atmosphere water vapour. Contrary to climate models, the greenhouse effect of water vapour is to reduce the warming caused by human generated emissions. The real-world long-term climate sensitivity determined by empirical evidenceis about one-third of the average of the climate models.The carbon tax is based on economic models that project more warming than predicted by climate models, and much more than reality. Some of the economic models fail to include the benefits of CO2 fertilization of plants and crops. They also fail to include mitigation, which makes them over-estimate damages vastly. The only major economic model that includes CO2 fertilization is FUND, but it under-estimates the effect by 30%. Canadian snowbirds live longer and they have a happy and pleasant time when they go south in the winter. A study examined 74 million deaths worldwide from 1985 to 2012 and found that the ratio of cold-related to heat-related deaths was a whopping 17 to 1. Warming is beneficial to human health. A 2°C increase in temperatures from 2000 would increase global wealth by 1.45%, equivalent to 2019US $1.26 trillion according to the FUND model with updated CO2 fertilization and energy use estimates. A study using FUND shows that the global private benefit of the use of fossil fuel at the margin is about 2019US $481/t CO2. This value will go up dramatically when fossil fuel use is reduced by CO2 taxes. The cost of solar and wind electric power in Europe is 5.7 times that from other sources which are mainly fossil fuels. Solar and wind can’t replace fossil fuels as they are too variable and unreliable.
A Christmas Gift for all Canadians
Canadians got a big pre-Christmas shock with the cruel and unusual punishment of a 556% rise in the carbon tax, and other green crony capitalist surprises via the fed’s report -“A Healthy Environment and a Healthy Economy” issued for the 5th anniversary of the Paris Agreement, that tax paying Canadian workers will have to underwrite. We wrote this rebuttal –“A Cruel and Unusual Punishment” –pointing out these measures not only lack common sense but they are unjustified and infeasible on scientific, technical and economic grounds.
An interesting read (for some anyway, depending on which side of the fence you sit):
https://friendsofscience.org/assets/documents/Cruel-and-Unusual-Punishment.pdf