Heavy Hitter Capitalists still Investing Serious Money in Climate Change

Is it just me or does it seem that ninety percent of the articles written in The Economist, The Guardian, Bloomberg, The New York Times (I don’t actually read it) are centered around the infatuation with global warming (sorry, I mean climate change)?

Today I am being lectured by a Swedish teenager at the UN on why the world will end soon because of the evil inherent in capitalism. I’m not going to lampoon her like I would Sanders, AOC and the other lemmings of the left, because she really can’t help the fact that she grew up in socialist fairyland. She has had her 15 minutes of fame, unless, of course,  the Nobel Prize communists give the young comrade an award.

You Might Like
Learn more about RevenueStripe...

However, I will spew polemic truth toward the grown-up version of Greta Thunberg, the fossil-fuel hating Elizabeth Warren, who has taken Bernie Sanders’ lithium prescription and becomes bug-eyed at town hall meetings where she rails against American capitalism.

One wonders if this quisling of our time (Vidkun Quisling was the Scandinavian sympathizer of German occupied Norway in WWII) knows that the free market is already doing these things based on the same capitalist incentives Greta and so many other activists are blaming for environmental disaster. Natural gas, for example, is cheaper and produces 50% fewer emissions than coal, nuclear power has been modernized and made much safer in recent decades while producing no emissions. How envious the nuclear French must be.

Meanwhile, back in the real world, the names you know are once again attracted to green technology. The likes of Elon Musk, Bill Gates and Michael Bloomberg, are household names. Their wagers cover mature technologies like electric cars and wind turbines, as well as fast-maturing ones such as high-voltage grids and meatless burgers.

They all want what is best for the planet, and if they can put a little coin in their pocket in the meantime, so be it. While some have withdrawn from this sector due in part to the industry being less government subsidized, Musk and mineral magnate Robert Friedland are still plowing in billions. Musk for the batteries and Friedland for the minerals that power them.

Did I forget to mention that Warren Buffett was into the green action? In 2008 Warren Buffett’s Berkshire Hathaway invested $232 million in BYD. Wang Chuanfu is the president of BYD, the company he founded in 1995, which started out making rechargeable batteries. With the help of Buffett’s capital infusion, BYD now manufactures solar cells, electric cars, heavy machinery, and mobile phone components. His stake is now worth over $1.5 billion.

BYD’s sales surpassed $18 billion last year, putting it among the biggest makers of batteries and electric cars in the world. Buffett makes it look easy. He didn’t lift a finger or get any dirt under his nails. Just understanding the business, its products and markets and a basic Graham and Dodd investment analysis. The waiting for most is the hardest part.

One more before we close. The pontiff himself. Yes, that bully of the pulpit, Pope Francis, who ultimately controls the strings of the Vatican Bank, which has assets in excess of $3 billion. He must have been reading biology books under the tables while being a bouncer in Argentinian bars before his calling.

Armed with astute scientific knowledge, the Pope rounded up oil bosses from BP, ExxonMobil, Shell and Total, and strong-armed them to support “economically meaningful” carbon prices and disclose risks posed by climate change to their companies. Don’t look at me, I was confirmed Catholic.

Editor’s note:  Want the “conservative” solution to the problem of climate change?  The one that makes a profit and actually solves it worldwide, not just in America?  Try this book, written by a contributor to Bull Market Rodeo, and soon to become a major live action movie!!

About John Thomas

John Patrick Thomas is a four-time cancer survivor who lives with his family in South Florida. John attended Gettysburg College and The American University before embarking on an entrepreneurial career on Wall Street. He turned to the teaching profession after his life-threatening bout with bone cancer. John has recently written a #1 Amazon Cancer Bestselling book entitled, “A Call to Faith, the Journey of a Cancer Survivor.” He has appeared in publications such as The New York Times, The Wall St. Journal, The Washington Post, Memorial Sloan-Kettering Cancer Center publications, and was featured in new DayStar network series, “Impact with Pastor Dave.” He has traveled as a missionary and may be one of the few people that tell you cancer was the best thing to ever happen to him. You’ll have to ask him why.

One comment

  1. The whole thing is a massive scam. It began in the 70’s with the world is going to freeze over then in the 80’s the hole in the ozone layer was going to destroy us. That cost billions because all CFC’s had to be done away with. They were brilliant in aerosols, fridges & as refrigerants for the MW South African gold mine cooling. Worldwide the change cost billions & is ongoing. Follow the money again.
    Then it was man-made-warming which stopped in 1998 & became global warming. Then with little warming it became climate change. That is a million year reality but now man causes it all. We produce 4% of the 0.04% CO2 in the atmosphere. Suddenly our 0.0016 % of CO2 is causing all the hurricanes, heat, cold drought, flood we have had forever. Meanwhile greenhouses use 0.12% CO2 to grow food efficiently. That’s 3 times what is in the atmosphere.
    Perhaps its a scheme for population control which Bill Gates wants. Less CO2 less food, more starvation , less people.

Leave a Reply

Your email address will not be published.