+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 43
Latest: Heredia05
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 11100
Total Topics: 250
Most Online Today: 0
Most Online Ever: 52
(November 29, 2017, 04:04:44 am)
Users Online
Members: 0
Guests: 1
Total: 1

Author Topic: Hydrocarbon Crooks Evil Actions  (Read 517 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #45 on: August 01, 2018, 07:56:02 pm »
Agelbert NOTE: Feast your eyes on this latest bit of Trump Mindfork. Trump , a 24/7 TOOL of the Koch Brothers, is going full Orwell and claiming he ain't got nuttin' to do wid dem'.   

Quote
The globalist Koch Brothers, who have become a total joke in real Republican circles, are against Strong Borders and Powerful Trade. I never sought their support because I don’t need their money or bad ideas. They love my Tax & Regulation Cuts, Judicial picks & more. I made…..

— Donald J. Trump (@realDonaldTrump) July 31, 2018

….them richer. Their network is highly overrated, I have beaten them at every turn. They want to protect their companies outside the U.S. from being taxed, I’m for America First & the American Worker – a puppet for no one. Two nice guys with bad ideas. Make America Great Again!

— Donald J. Trump (@realDonaldTrump) July 31, 2018


Read more:


Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #46 on: August 02, 2018, 01:39:47 pm »


August 2, 2018

The Trump Administration’s 🐉🦕🦖 Hazy Plans to Weaken Car Pollution Standards Won’t Work. Here’s Why.

Earthjustice attorney Paul Cort explains why Trump’s EPA chief is careening way outside his lane in trying to undo a key provision of the 1970 landmark Clean Air Act.

Full article:

https://earthjustice.org/features/pruitt-car-pollution-law
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #47 on: August 02, 2018, 01:47:26 pm »
August 2, 2018

LIVE Q&A: Who's Committing Treason?

TheRealNews

Started streaming 7 minutes ago

Aaron Mate hosts a live interactive discussion with Senior Editor Paul Jay, taking on issues from Russiagate to climate change to answer the question: Is Trump betraying the American people?


Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #48 on: August 02, 2018, 02:48:22 pm »
 

July 24, 2018

Revelator: 207 Environmental Activists 🕊 Murdered Last Year 

Globally more than 200 conservation activists were killed in 2017 for trying to defend their communities from environmental destruction, writes John Platt in The Revelator — an all-time high. And those numbers, reported by the group Global Witness, probably understate the crisis.

The murders were linked to agribusiness most often, then mining, then poaching and wildlife trafficking. More than half took place in Brazil and the Philippines — with Colombia, Mexico and the Democratic Republic of the Congo next in line. Hundreds more people were intimidated and hurt, including two indigenous activists in Brazil who had their hands cut off with machetes by ranchers who claimed their land.


What can be done to stop it? Read the feature now.

https://therevelator.org/murder-intimidation-environmental-activists/

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #49 on: August 04, 2018, 08:37:06 pm »


Make Nexus Hot News part of your morning: click here to subscribe.

August 1, 2018



Clickbait Goes to Print: NYTimes Magazine Issue a Climate Whodunit That Aquits the Guilty  >:(

The entire August 5th issue of the New York Times magazine is dedicated to a single story by Nathaniel Rich: how we could have saved the world from climate change, but failed.

The promotional materials say it reads like a historical whodunit, traversing the world before building to a moment when a global agreement was very nearly, but not quite reached: the 1989 Noordwijk Ministerial Conference in the Netherlands. The prologue says that neither the “common boogeyman” of the fossil fuel industry nor the Republican party are to blame.

Who or what, then, in Rich’s account, was responsible for torpedoing that conference and dooming us to climate inaction?

After 30+ pages of deeply reported storytelling on the science and policy of climate change in the ‘80s, relying on numerous interviews with some of the players involved, the last chapter addresses that pivotal 1989 conference where we almost saved the world. When asked what was happening as the Noordwijk conference negotiations went into the midnight hour, a Swedish minister reportedly said the US “government is f u c k i n g this thing up!”

That failure is how the piece ends. The failure at the hands of the Republican, fossil-fuel friendly Bush administration serves as the anticlimactic conclusion.

How can that be? According to the prologue and epilogue, it’s not the Republicans or fossil fuel industry that’s to blame, because some in the GOP weren’t deniers, and because the industry’s denial propaganda hadn’t ramped up yet. (A quick correction: the Reagan administration negatively politicized the environment, particularly DoI Secretary James Watts and EPA Admin Anne Gorsuch. Also, the early 80s saw the emergence of climate denial with API’s "Two Energy Futures: A National Choice for the '80s" and Sherwood Idso’s “Carbon Dioxide, Friend or Foe” in 1982.)

But we don’t need to trace the organized denial machine that far back to see the acquittal of these groups is unwarranted. Rich already did the work to prove their guilt.

If this were a game of Clue, it’d go like this. The key suspect is Bush’s Chief of Staff John Sununu, who was so amenable to fossil fuels that when he resigned, ECO magazine headlined the news by quipping that “Sununu resigns… Coal lobby in mourning.” Sununu was skeptical of climate science, to say the least, as Rich’s penultimate chapters deal with how he tried to censor James Hansen’s climate testimony.

The scene of the crime, where the failure happened, is of course that Noordwijk conference. And the candlestick/murder weapon was negotiator Allan Bromley. Rich wrote that “Bromley, at the urging of John Sununu and with the acquiescence of Britain, Japan and the Soviet Union, had forced the conference to abandon the commitment to freeze emissions.”

It was Sununu, in Noordwijk, with Bromley, who scuttled the deal that would’ve saved the world. Game over.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #50 on: August 07, 2018, 04:27:50 pm »

The GOP and Big Oil can't escape blame for climate change

By Dana Nuccitelli

Mon 6 Aug 2018 06.00 EDT


SNIPPET 1:

The New York Times magazine blames ‘human nature ,’ but fingers have already been pointed at the true culprits 🐉🦕 🦖

SNIPPET2:

In the key 1983 press briefing, Nierenberg basically lied about the climate report’s findings, claiming it found no urgent need for action. Nierenberg’s false summary made headlines around the world and stymied climate policy efforts for years to come. Only after 1985 when the discovery of ozone depletion captured worldwide attention was climate change able to ride its coattails back into serious policy discussions.

SNIPPET 3:

Culprit #2: the fossil fuel industry 🐉🦕🦖

In his unfortunate Prologue, Rich also describes the fossil fuel industry as “a common boogeyman.” He argues that the fossil fuel industry didn’t mobilize to kill the 1989 Noordwijk negotiation. That’s true, because it didn’t have to; had the treaty even succeeded, it would have just been the very first step in global efforts to cut carbon pollution.

Quote
Leah Stokes
(@leahstokes)
Of course Exxon wasn’t running a denial campaign until the 1990s. They didn’t need to yet. The threat of policy action was remote. When action became more likely, that’s when fossil fuel companies started their lying in earnest. 6/
August 1, 2018

Immediately after the Noordwijk shot came across its bow, the fossil fuel industry launched a decades-long, many-million-dollar campaign to undermine public trust of climate science and support for climate policy. For example, the Global Climate Coalition (GCC) fossil fuel industry group formed in 1989. By the time the 1992 Rio Earth Summit rolled around, these polluter industry organizations began heavily investing in disinformation campaigns to undermine international and domestic climate policies. Speaking about the Rio summit, Bush 🦀 sounded like Donald Trump 🦀, saying:

Quote
I’m not going to go to the Rio conference and make a bad deal or be a party to a bad deal.

Bill Clinton proposed an energy tax to try and meet the treaty goals anyway, but the GCC invested $1.8m in a disinformation campaign, and Congress voted it down. The GCC then spent $13m to weaken support for the 1997 Kyoto Protocol, and the Senate voted 95-0 to pre-emptively declare its opposition to the treaty. Since then, Exxon alone has given $31m to climate-denying organizations.

📢 It’s been three decades since 1989 😠

The fossil fuel industry is one exceptionally wealthy, influential, and powerful ‘boogeyman.’ As Rich notes in his Epilogue, it’s also been quite successful:

More carbon has been released into the atmosphere since the final day of the Noordwijk conference, Nov. 7, 1989, than in the entire history of civilization preceding it

Apparently at a private dinner the night before his piece was published, Rich described the fossil fuel industry as being “guilty of crimes against humanity.” It’s a shame that his story took on such a different tone. As Benjamin Franta, PhD student in the history of science at Stanford summarized it:

One common mistake in this NYT magazine piece is the idea that companies like Exxon somehow changed from “good” (doing research in the 1970s and ‘80s) to “bad” (promoting denial in the ‘90s and 2000s). Exxon’s own memos show that the purpose of its research program was to influence regulation, not to solve the climate problem per se. The industry-organized disinformation campaign that emerged at the end of the 1980s was in response to binding policies that were just then being proposed. If such policies were proposed earlier, it stands to reason that the industry response would have occurred earlier as well. To say that industry disinformation isn’t the whole story is to knock down a straw man: the fact remains that it is a major--and perhaps the most important--part of the story.

In the alternative universe where the Bush administration didn’t sabotage the Noordwijk climate treaty, the fossil fuel industry would still have crippled global climate policies through its misinformation campaign and by purchasing the Republican Party’s climate denial complicity. 1989 was a missed opportunity, but the fossil fuel industry and GOP can’t escape responsibility for the ensuing three decades of climate failures.


Full article:



https://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/aug/06/the-gop-and-big-oil-cant-escape-blame-for-climate-change-dana-nuccitelli


The Fossil Fuelers 🦖 DID THE Clean Energy  Inventions suppressing, Climate Trashing, human health depleting CRIME,   but since they have ALWAYS BEEN liars and conscience free crooks 🦀, they are trying to AVOID   DOING THE TIME or     PAYING THE FINE!     Don't let them get away with it! Pass it on!   
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #51 on: August 08, 2018, 07:34:37 pm »
Tesla CEO Elon Musk’s Plan To Take Tesla Private  ;D

August 7th, 2018 by Kyle Field


https://cleantechnica.com/2018/08/07/tesla-ceo-elon-musks-plan-to-tesla-private/

Agelbert COMMENT to Zachary Shahan of Cleantechnica:

Zach, nobody here seems to want to mention it (except Kyle in the article), but the Saudi move is evidence that the Hydrocarbon Hellspawn fossil fuelers smell the bankruptcy coffee from losing their market for the (former refinery waste) products called gasoline and diesel.

I have done the math over and over. The "business model" of the Fossil Fuel Industry is a dead man walking without a welfare queen subsidized market for liquid pllanet polluting fuels.

That is the REAL bottom line for those crooks. They are, therefore, going all out to destroy the competition. This is not new to the Hydrocarbon Hellspawn. This is a part of their "buy em' or bop em'" fascist "business model".

Elon has anticipated those dastardly fossi lfuelers at every turn and beat them with high tech products and publlic good will.

But now, the threat to Tesla is an order of magnitude greater. Now, you can be 100% certain that Trump is backing the Saudi move with all the skullduggery he can muster.

Therefore, the e-mail announcing the possible move to go private is exactly the right move. Every shareholder will now realize what the Saudis (and the Koch/Exxon/Chevron,etc. et al tools, including Trump) are up to.

As a group the shareholders will individually put pressure on brokers to NOT sell without specific permission. All the hedge funds and pension funds that hold Tesla stock will be hearing , LOUD AND CLEAR, from people of good will that they will NOT agree to a hostile takeover from polluters.

So, with just a single e-mail, Elon has forced the cretins from the Hydrocarbon Hellspawn to abandon any hope of destroying the company with shorts (the "bop em'" mafia tactic they have used often to destroy the competition).

Simultaneously, the e-mail also exposes the "buy em'" option as an attempt to destroy the competition against liquid hydrocarbon fuels, effectivel destroying the underhanded, but clever, fossil fueller plan to fool the public into believing the stock buy is a "Saudi move o Renewable Energy".

The Hydrocarbon Hellspawn are against the wall. They fight VERY dirty when they are threatened.

Elon Musk needs every single person that understands the good that he is trying to accomplish to get active and call out the happy talk lies about polluting cars over and over and over again.

For those of us who cannot afford an EV, drive your gas guzzler as little as possible. BANKRUPT the fossil fuelers. They CANNOT survive without selling us a LOT of polluting fuel.

If we do not win this fight against the polluters, we are all dead. This is the fight of our lives, people.

Zach, if you could publish a breakdown of how depoendent on selling polluting fuels the Hydrocarbon Hellspawn are, it would help to explain why the fossil fuel industry is trying so hard to destroy the EV business model.

Everyone needs to understand that behind ALL fossil fuel industry moves like what the Saudis are doing (and what Trump is doing to force California to not adopt more environmentally friendly stringent fuel economy standards) is THIS (see below):


Climate Denial Is Now US Policy

Zachary Shahan Community Manager > agelbert
Thanks. This was an idea for my next or 2nd next article. I'm a bit torn on motives here, but want to put both out there for many to consider.

agelbert > Zachary Shahan
Excellent! Thank you.


Wallace on Tesla Stock Shorters:

With $17 (?) billion at risk it seems like a group of them would simply stake out the Fremont factory for a day or two and count the new cars coming out. Hell, they could hire a private investigator.

Either the numbers are coming out or they aren't. The only thing left is somehow Elon is cooking the books and hiding huge amounts of spending.

A few million dollars, I can see that being the Anti-Tesla Cult money, but this is billions. Serious money that someone must be taking seriously.

agelbert > Wallace:

See my comment to Zach. You may not agree with it but, if what I said is correct (and I stand by my claim that it is correct), then it explains why all the serious money from the Hydrocarbon Hellspawn is being spent to crush Tesla.

Tesla is the vanguard of a threat (multiplied many times by the current Chinese EV production rate) to over 60% of the products the fossil fuel industry welfare queens get subsidized to pollute us with.

The liquid hydrocarbon fuels that now provide gigantic profits are slowly changing to a toxic waste product needing hazardous waste handling equipment and technology. There is no way the fossil fuel industry can be "profitable", even with all their welfare queen subsidies, if their marketable products exclude fuels. You can get lubricants from the cracking tower and use the rest for feed stock to make textiles, medicines, fertilizers and plastics (etc.), but the fossil fuelers know that is not a profitable business model.

Here's the pie chart that shows how vital to the fossil fuel industry the polluting liquid fuels are:


This is the obligatory (with very little leeway to modify product percentages, per barrel of crude, in the cracking towers) number of gallons of products from a U.S. (42 gallons) barrel of crude:


Here's some detail:



To say that Fossil Fuel Industry 🦕🦖 😈 disinformation isn’t the whole story is to knock down a straw man: the fact remains that it is a major--and perhaps the most important--part of the story.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #52 on: August 08, 2018, 07:58:48 pm »
CleanTechnica
Support CleanTechnica’s work via donations on Patreon or PayPal!

Or just go buy a cool t-shirt, cup, baby outfit, bag, or hoodie.

Saving Private Tesla: 7 Questions

August 8th, 2018 by Michael Barnard 


Quote
Michael Barnard Mike works with startups, existing businesses and investors to identify opportunities for significant bottom line growth in the transforming low-carbon economy. He regularly publishes analyses of low-carbon technology and policy in sites including Newsweek, Slate, Forbes, Huffington Post, Quartz, CleanTechnica and RenewEconomy, with some of his work included in textbooks. Third-party articles on his analyses and interviews have been published in dozens of news sites globally and have reached #1 on Reddit Science. Much of his work originates on Quora.com, where Mike has been a Top Writer annually since 2012. He's available for consultation, speaking engagements and Board positions.

On August 7, 2018, Elon Musk tweeted a game changer. He indicated that he was working toward taking Tesla private and had secured the funding to do so. It’s fairly easy to guess from this five-day view of Tesla’s stock price when the tweet dropped.

TSLA trading was halted briefly with the significant rise in market capitalization and volume.

Which leads to a set of questions. Is Elon Musk serious? Is it a good idea? Is announcing it on Twitter legal? Who wins and who loses? How will individuals invest in Tesla after this? What could stop it? What’s next? Let’s take these one by one.


Is Elon Musk serious?

Yes, he is. At around the same time as he tweeted, an email was sent to all employees and then later posted to the corporate blog. It outlined the status, the reasons, and for IPO- and Silicon Valley-savvy employees, provided a great deal of reassurance that this was focused on moving the company forward.


Is it a good idea?

Yes, I think it is. Before seeing the email/blog post, I pointed out the four advantages I saw to going private.

First, it’s good for current investors. If they own shares now, they can cash out at 20% above start of Aug 7, 2018 value. Furthermore, TSLA was already close to its historic maximum after the quarterly analyst call and Tesla’s achievement of the key 5,000 cars per week target. Investors, whether they were recent or long-term holders of TSLA shares, will do very well by this. If they had bigger dreams, they can retain their shares in Tesla after it goes private.

Second, it eliminates the Tesla shorter nonsense. There will no longer be that subset of market-driven venality creating a churn of negative PR for Tesla. There will no longer be any short selling opportunity for shorters, so they will turn their sights to other targets and stop paying attention to Tesla. The negative press won’t stop, as shorters were well-aligned with organizations and individuals seeking to impede electrification of transportation and the inevitable shift to an electric economy. The Koch Brothers, the oil majors, and the Libertarian “think” tank content providers will continue to fund and churn out various pieces of nonsense. But they won’t be aided and abetted by the shorters and the shorter-oriented press.

The third is that this would make Tesla a $70 billion private company, which is well under the largest. Both Cargill and Koch — there’s that name again — are well over $100 billion, and Koch is increasingly stuck with stranded assets, hence its ongoing, overlapping campaigns against global warming, renewables, and electric vehicles. Private funding that Koch has lined up is looking for exits in many cases, and shifting to a privately owned Tesla would make sense. That’s part of the story of the $2 billion+ position the Saudi Arabian sovereign wealth fund has in Tesla. The size of the private company, in other words, wouldn’t be a hindrance to raising capital or funding debt. It will increase the cost of acquiring capital and debt according to some analysts.

The fourth is that Musk has significant experience running a successful private corporation — SpaceX. Private is arguably much simpler than public, and if you don’t have to deal with public stock offering compliance, then a subset of your overhead diminishes. One report references a 10% saving there. Instead of quarterly analyst calls, a smaller number of institutional discussions and governance suffice.

These are reasonably well aligned with Musk’s reasoning in the email/blog post. They are obvious in retrospect, bold in strategic execution.


Is announcing it on Twitter legal?

The consensus seems to be that it is. The question comes down to intent and accepted medium. If the intent was solely to pump and dump the stock, then it’s illegal. If the intent was to clearly tell the markets and investors about the intent to take Tesla private, then it is legal assuming the medium is appropriate.

And while many aged former SEC officials are looking somewhat aghast at the choice of Twitter as a medium, the consensus appears to be that as Musk regularly imparts corporate strategy via Twitter, as his following is 22.9 million and as the press watches his Twitter feed like a hawk, this is an appropriate medium. The medium would have to be one that is provably intended to hide the information, not ensure its broad and rapid dissemination. No one can claim that they weren’t given the opportunity as investors to know about this plan.

And given the other preparations that have been made, Tesla’s legal team probably signed off on Twitter as the vehicle for this.


Who wins and who loses?

As stated, investors win. [Editor’s note: However, some investors who wanted to hold the company for much longer but also wanted the high liquidity public stock ownership offers can lose, especially if they feel forced to sell at a lower price than they could have if they held onto the public stock. Shareholders of private Tesla will reportedly have the opportunity to sell shares once every six months or so, but details regarding this and how the company will be valued have not been disclosed.]

Employees of Tesla win as well, I think. The drumbeat of negative “news” goes down while they continue to be equity holders in the company. Their personal wealth goes up just as much as any other investor’s.

People who are focussed, as I am, on the transformation of our economy from technologies causing pollution and global warming to much more benign technologies are winners as well. Musk’s blog lays out the reasons why this is good for the management and future of Tesla, and Tesla is leading the electrification of transportation disruption, which is sweeping the automotive industry. It’s part of his master plan, and this assists with that master plan.

Shorters lose. Bigly. They have already lost billions on Tesla, but shorting has wins and losses and it’s a matter of timing. The biggest shorters with the longest positions have lost the worst, and the shorters who bet on the most recent quarterly analysts call lost large as well. But Tesla is a volatile stock, and there were undoubtedly many counter-investors who did just fine taking short positions at the right time for the right duration. And as has been shown, many of them have excellent communications channels with the Tesla-focussed press to gain the knowledge of when to make their bets. That’s all gone now.

The subsets of the media which received a ton of eyeballs from a steady stream of anti-Tesla news and posts — Seeking Alpha and Business Insider are the most obvious examples — will lose as well. With shorters and day traders no longer obsessing second by second over TSLA, eyeballs for those sites will diminish. (Editor’s note: That could also mean that eyeballs on CleanTechnica will drop. We are not stressed about that, since our core aim is to help society help itself, however that may be as it relates to cleantech news, analysis, and commentary. We only cover Tesla because of its important role in the cleantech transition. You can also support us via a monthly subscription if you are concerned about our revenue dropping. 😉 😀 )

Arguably, stock market analysts, especially the ones on the quarterly calls, lose. Tesla is a halo stock. Being on their calls is a status symbol. Tesla is sexy. If those calls go away, it’s back to a mind-numbing round of discussions of various less interesting company details. But that’s their job. Small loss for them really.

How will individuals invest in Tesla after this?
It will still be possible via a private investment vehicle that Tesla will set up. They need to do this for their employees. Musk asserts that retail investors will have a choice to be bought out or stay in the private investment vehicle. There are various mechanisms for this, but the specific one used is a matter of speculation at this point.


What could stop it?

Revlon.

Okay, that requires some explanation. In 1985, Revlon was sold with the aid of a junk bond king and saddled with $2.9 billion in debt. This caused Revlon grief for years, but what is relevant is that it is a case which has established fiduciary duty for Boards of Directors which require competitive auctions in situations like Tesla’s.

In other words, the Tesla Board of Directors has a legal obligation to ensure that taking Tesla private with the funding Musk has lined up is in the best interests of the shareholders. That’s not Tesla’s best interest. That’s not Elon Musk’s best interest. That’s the shareholders’ best interest.

Now, tweets like Musk’s don’t appear magically without a lot of planning and preparation. He’s on the wrong coast of the USA for that. This has undoubtedly been a subject of strategic discussion with the Board for months and possibly years. Equally possibly, the Board could have already discharged its fiduciary duty prior to the tweet coming out.

If not, then they will be required to basically auction the company off to the highest bidder, regardless of any structures and funding Musk has established today. Watch this space.


What’s next?

This isn’t approved. This has to go to stakeholders for their approval. That will take a bit of time to set up, as voting for shareholders isn’t electronic and formal mechanisms for this are specified under SEC regulations.

And if the Board hasn’t already performed its fiduciary duty and ensured that competitive funding alternatives lead to something in the best interest of the shareholders, that will take a while as well.

In the meantime, the shorters will undoubtedly be attempting to find ways to spin this and short Tesla stock until it disappears entirely.

https://cleantechnica.com/2018/08/08/saving-private-tesla-7-questions/



Quote
Maarten Vinkhuyzen

The problem with the Revlon case is that the courts likely view what is best for stockholders as the highest bid now. The option that Elon offers, to stay on as stockholders in a private company will likely not be valued.

Another question is, what is the value of Tesla without Musk?
I doubt there can be a competing bid without Musk underwriting it.

And no (group of) business adversaries is going to spend that much money just to liquidate Tesla.

OK, Revlon is scary, it will delay the process, but it is unlikely to alter the outcome.


Martin Lacey > Maarten Vinkhuyzen

If big oil is intent on killing the EV they have more money than anyone and can buy Tesla and moth ball their technology. Highly unlikely, I know.

Amazon and Apple might well be interested in buying Tesla, incorporating it into their companies and will offer Musk a lead designer/engineer role and a big buy out. Both Amazon and Apple can make their own autonomous vehicles and use whichever autonomous suite is ready first.

agelbertMartin Lacey

I am certain big oil wants to kill Tesla by hook or by crook. That said, I think they will bankrupt themselves trying. Yes, they have a lot of money and almost unlimited government backing in the U.S. Petro-State under Trump, but I am convinced the EV train has already left the station.

It's just too late to stop the Renewable Revolution in general and EVs in particular. The Chinese alone are making a lot more EVs than Tesla ever will, so no matter how much skullduggery is aimed at Tesla, even Tesla will come out like Rocky in the movie series. Tesla will get punched around but will come out of this smelling like a rose. 

Betting against EVs is a losing bet that big oil has decided to push to the limit. It will help sink them faster. WHY? Because their happy talk propaganda has always been based on being our "loyal servant".

That is what got them so much public support. Now big oil is being exposed as the greedy, government bribing, welfare queen subsidized bullies they have always been.

Those crooks will not be able to counter the truth. The public will turn its back on big oil permanently.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #53 on: August 09, 2018, 10:16:53 pm »
 
Make Nexus Hot News part of your morning: click here to subscribe.

Aug 8, 2018



Trump 🦀Admits Gas Mileage Reversal Will Kill 60k Jobs

As the barrage of dumb Trump stuff marches on (Yay crimes! Boo water!), analysis of Trump’s stupid policy moves often fails to grab the public’s attention (yay asbestos!)

One of the administration’s most stupid policies of late is its decision to reverse Obama-era gas mileage standards. Don’t let the official language about the supposed lifesaving benefits fool you: rolling back these standards, in essence, lets car companies off the hook for producing better cars, and keeps customers buying, and burning, more gas. 

E&E News, thankfully, has put some smart reporters on the “stupid policy” beat, and produced a number of interesting stories lately about the auto mileage standard rollback. Last Thursday, the outlet ran an intriguing story about how the car rule came together. Though officially the policy was a joint effort between the EPA and Department of Transportation, E&E reported that retired EPA officials told them the DOT “cooked the books,” and that “EPA staff had basically nothing to do with” the final policy document.

If DOT did take the steering wheel for this particular policy, it’s not because of ample staff time: the division of the DOT that worked on the rule, The National Highway Traffic Safety Administration (NHTSA), has far fewer experts at its disposal than the EPA. One former EPA staffer told E&E that her “understanding is that NHTSA in-house has only two engineers that are responsible for the fuel economy standards, whereas at EPA, we have hundreds of engineers.”

Perhaps that dearth of experience is a reason why, per a second E&E story last week, the auto rollback policy proposal cites research from scientists who told E&E that they think the rollback is “nuts” and “just not consistent with the evidence." One researcher also pointed out the irony that the data used in the study and cited by the administration is private, and therefore wouldn’t be permitted under the EPA’s proposed (and opposed) pro-tobacco science rule.

That the policy proposal justifies the burning of more oil with research about the dangers of doing just that is hardly the only oddity. Two stories E&E ran yesterday provide more details on the nearly thousand-page auto rule proposal.

For example, despite Trump’s claim last year that “the assault on the American auto industry is over,” and the right wing’s well-worn canard about regulations costing jobs, Trump’s proposed rule change, per E&E, actually says the opposite: the weakened standards could result in as many as 60,000 fewer jobs in the industry. As it turns out, innovation and competition are good for business and employment, and letting those things stagnate isn’t. What a shocker!

Equally shocking is that the proposal points to higher oil consumption as a result of the suggested changes, estimating that an additional 500,000 barrels will be burned per day after the policy is implemented. As a result, E&E reports, the rule suggests that CO2 concentrations by 2100 will reach an unthinkable 789.76 ppm 😡, nearly doubling the concentrations. 😱 🤬

Although the administration has downplayed just how much additional carbon pollution the rollback will emit, Rhodium’s Trevor Houser pointed out on Twitter that “by 2035 the impact could be larger than total national emissions of 82% of countries today.”

More pollution, fewer jobs, more time and money spent at gas stations. Surely not a good rule for anyone.

Except, of course, the oil industry 🐉🦕🦖, which lobbied for the move. That Trump 🦀 would appease them , and not any other Americans, is pretty much the only thing that makes sense about the reversal.a



 The Fossil Fuelers 🦖 DID THE Clean Energy  Inventions suppressing, Climate Trashing, human health depleting CRIME,   but since they have ALWAYS BEEN liars and conscience free crooks 🦀, they are trying to AVOID   DOING THE TIME or   PAYING THE FINE!     Don't let them get away with it! Pass it on!   
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #54 on: August 14, 2018, 06:22:50 pm »
Agelbert  RANT :

The mens rea of the fossil fuel industry and almost half of the world’s 100 largest companies, including Procter & G a m b l e and Duke Energy, has been recently exposed. They all funded lobbyists and propagandists in order to obstruct climate change legislation.

I use the Latin legal expression, "mens rea", because the above obstructionists of climate change legislation were knowledgeable over 40 years ago of the damage that burning fossil fuels causes to the biosphere in general and humans in particular.

As Theresa  Morris made quite clear in her essay, these corporations made the wrong choice. And they made that choice because they refused to think things through.

Ethical considerations aside for a moment, the people in these powerful corporations are not stupid. They love their own children.

So, if they knew, because over 40 years ago ExxonMobil scientists laid out the facts to oil executives, who then secretly joined with several other corporations to fund denial of climate change and obstruct climate change legislation, why did they, with malice and aforethought, engage in disguising the fact that they were, and are, getting an F in viable biosphere math?

Some will say that it's a no brainer that they did it for profit. While that is partially true, it ignores the fact that big oil corporations DO believe their own scientists. It also ignores the fact that fossil fuel corporations DO NOT believe the happy talk propaganda that they fund.

They plan ahead. They plan to take advantage of the 'Fragmentation of Agency' mentioned by  Stephen Gardiner. The corporations did not get limited liability laws passed because they wanted to be socially responsible. I believe they will use the 'Fragmentation of Agency', in regard to biosphere damage claims, to unjustly limit their liability in a typically unethical "damage control" exercise.

One of the themes about human history that I have tried to communicate to readers over and over is that predatory capitalist corporations, while deliberately profiting from knowingly doing something that causes pollution damage to the populace, always plan AHEAD to socialize the costs of that damage when they can no longer deny SOME liability for it. Their conscience free lackey lawyers will always work the system to limit even PROVEN 100% liability.

When 100% liability is blatantly obvious, as in the Exxon Valdez oil spill, they will shamelessly use legalese to limit the liability. ExxonMobil pulled a fast one on the plaintiffs by getting "punitive", rather than "compensatory" damages. See what the learned counselor said, "The purpose of punitive awards is to punish, not to destroy, according to the law". Ethics free Exxon and its ethics free lawyers KNOW how the Court System "works". JOURNAL OF ENVIRONMENTAL LAW [Vol. 18:151] The purpose of this comment is to describe the history of the Exxon Valdez litigation and analyze whether the courts and corresponding laws are equipped to effectively handle mass environmental litigation..

While the profits are rolling in, they will claim they are "just loyal public servants, selflessly providing a service that the public is demanding", while they laugh all the way to the bank. When the damage is exposed, they will claim we are "all equally to blame" (i.e. DISTORTED Fragmentation of Agency).

This is clearly false because polluting corporations, in virtually all cases, AREN'T non-profit organizations. If they were NOT PROFITING, THEN, and only then, could they make the claim that "we all benefited equally so we all are equally responsible to pay equally for the cost."

Those who presently benefit economically from the burning of fossil fuels, despite the scientific certainty that this is ushering in a Permian level mass extinction, will probably be quick to grab on to a severely distorted and duplicitous version of the 'Fragmentation of Agency' meme, in regard to assigning the proportionate blame for the existential threat our species is visiting on future generations.

Privatizing the profits and socializing the costs is what they have done for over a century in the USA. They have always gotten away with it. That is why, despite having prior knowledge that their children would be negatively impacted by their decisions, they decided to dispense with ethical considerations.

They assumed that, with all the profits they would accumulate over the last 40 years (or as long as the populace can be blinded to the truth of the existential threat), they could protect their offspring when things got "difficult".

They know that millions to billions of people, in all probability, will die. But they think their wealth can enable them to survive and thrive.   

As for the rest of us, who obtained a pittance in benefits in comparison to the giant profits the polluters raked (and still continue to rake) in, we can expect an army of corporate lawyers descending on our government(s) demanding that all humans, in equal portions, foot the bill for ameliorating climate change.

The lawyer speak will probably take the form of crocodile tears about the "injustice of punitive measures" or, some double talk legalese limiting "punitive damage claims" based on Environmental LAW fun and games (see: "punitive" versus "compensatory" damage claims).

This grossly unjust application of the 'Fragmentation of Agency' is happening as we speak. The poorest humans are paying the most with their health for the damage done by the richest. The richest have avoided most, or all, of the deleterious effects of climate change.

When the governments of the world finally get serious about the funding needed to try to clean this mess up (present incremental measures ARE NOT sufficient), the rich plan to continue literally getting away with ecocide, and making sure they don't pay their share of the damages for it. 

As Kevin Anderson (after showing the alarming rate of increase in CO2 emissions) put it in the graphic below, the 1% bear about 50% of the blame.


Since, according to the U.N., the richest 20% of the world's population uses 80% of the resources, the 'Fragmentation of Agency' pie chart for the damage done to the biosphere should look like this:



The way the fossil fuel industry, and almost half of the world’s 100 largest companies, will want that 'Fragmentation of Agency' pie chart to look like is as follows:


The world of business has made many Empathy Deficit Disordered, unethical choices. We are all paying for their rejection of  their responsibility to use dianoia in their decision making process.

But they are relatively few in number. Their chicanery would cease from a huge public outcry if they did not have so many people aiding and abetting their unethical biosphere destroying modus operandi.

Those are the comfortable millions who have swallowed the corporate happy talk propaganda.

Those are the people that continue to delay progress on the implementation of the drastic government action we must demand, which is desperately needed to stem, or eliminate, the length and breadth of the climate change damage existential threat.

The people who think that this climate change horror can be addressed by incremental measures are, as Aristotle said, deliberately becoming irrational.

Dianoia is sine qua non to a viable biosphere.





 The Fossil Fuelers 🦖 DID THE Clean Energy  Inventions suppressing, Climate Trashing, human health depleting CRIME,   but since they have ALWAYS BEEN liars and conscience free crooks 🦀, they are trying to AVOID   DOING THE TIME or   PAYING THE FINE!     Don't let them get away with it! Pass it on!   
« Last Edit: October 16, 2018, 09:15:48 pm by AGelbert »
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #55 on: August 18, 2018, 06:47:32 pm »

Is Climate Change Killing More People Than George W Bush Ever Could?


Thom Hartmann Program   
 
Published on Jul 31, 2018

Short answer yes, it already has, and partly because of his wars he started we still have to do something and the question is what?



Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #56 on: August 19, 2018, 06:48:35 pm »

US   🐉🦕🦖 says conserving oil is no longer an economic imperative


By ELLEN KNICKMEYER

SNIPPET:

August 19, 2018y

WASHINGTON (AP) — Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.🤬

The position was outlined in a memo released last month in support of the administration’s proposal to relax fuel mileage standards. The government released the memo online this month without fanfare.

Growth of natural gas and other alternatives to petroleum has reduced the need for imported oil, which “in turn affects the need of the nation to conserve energy,” the Energy Department said.

It also cites the now decade-old fracking revolution that has unlocked U.S. shale oil reserves, giving “the United States more flexibility than in the past to use our oil resources with less concern.” 


With the memo, the administration is formally challenging old justifications for conservation — even congressionally prescribed ones, as with the mileage standards. The memo made no mention of climate change. Transportation is the single largest source of climate-changing emissions.

President Donald Trump 🦀 has questioned the existence of climate change, embraced the notion of “energy dominance” as a national goal, and called for easing what he calls burdensome regulation of oil, gas and coal, including repealing the Obama Clean Power Plan.

Despite the increased oil supplies, the administration continues to believe in the need to “use energy wisely,” the Energy Department said, without elaboration. Department spokesmen did not respond Friday to questions about that statement.

Reaction was quick.

Full article:

https://www.apnews.com/18583e5da59d4329bc6a409e233aad7f/US-says-conserving-oil-is-no-longer-an-economic-imperative



Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #57 on: August 19, 2018, 08:54:25 pm »
So, How’s That Major-Party Election Madness Working for Us?

August 12, 2018

By Paul Street —  The Republicans and Democrats are two faces of the same failure. And there will be no real hope of rescue by third parties until the American system of electoral politics is rebuilt from the ground up.

SNIPPET:

Quote
A smart and liberally inclined family doctor I know recently expressed concern over her high-income husband’s support for the malignant narcissist and pathological liar currently occupying the White House. “I can understand him being a Republican,” the doctor says, “but I just don’t get him backing Donald Trump.”

The problem here—what the doctor doesn’t get—is that Trump’s malicious persona and politics are darkly consistent with the white-supremacist and arch-reactionary heart and dog-whistling racism of the Republican Party going back five decades. It was just a matter of time until something like Trump happened: a Republican candidate who really meant the racism. Along the way, the Republican Party has become what Noam Chomsky credibly calls “the most dangerous organization in human history” because of its total disregard for livable ecology and its dedication to destruction and dismantlement of any institutions in place to address global warming.
The Greenhouse Gassing to Death of Life on Earth is a crime that promises to make even the Nazi Party look like a small-time crime syndicate.

Read more:

https://www.truthdig.com/articles/so-hows-that-major-party-election-madness-working-for-us/

 The Fossil Fuelers 🦖 DID THE Clean Energy  Inventions suppressing, Climate Trashing, human health depleting CRIME,   but since they have ALWAYS BEEN liars and conscience free crooks 🦀, they are trying to AVOID   DOING THE TIME or   PAYING THE FINE!     Don't let them get away with it! Pass it on!   
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #58 on: August 21, 2018, 03:21:32 pm »
The New Republic


The Modern Automobile Must Die    

If we want to solve climate change, there's no other option.

By EMILY ATKIN

August 20, 2018

SNIPPET:

Germany was supposed to be a model for solving global warming. In 2007, the country’s government announced that it would reduce its greenhouse gas emissions by 40 percent by the year 2020. This was the kind of bold, aggressive climate goal scientists said was needed in all developed countries. If Germany could do it, it would prove the target possible.

So far, Germany has reduced its greenhouse gas emissions by 27.7 percent—an astonishing achievement for a developed country with a highly developed manufacturing sector. But with a little over a year left to go, despite dedicating $580 billion toward a low-carbon energy system, the country “is likely to fall short of its goals for reducing harmful carbon-dioxide emissions,” Bloomberg News reported on Wednesday. And the reason for that may come down not to any elaborate solar industry plans, but something much simpler: cars.

“At the time they set their goals, they were very ambitious,” Patricia Espinosa, the United Nations’ top climate change official, told Bloomberg. “What happened was that the industry🦕🦖—particularly the car industry 😈🐉🦕🦖didn’t come along.” 

Changing the way we power our homes and businesses is certainly important. But as Germany’s shortfall shows, the only way to achieve these necessary, aggressive emissions reductions to combat global warming is to overhaul the gas-powered automobile and the culture that surrounds it. The only question left is how to do it.

In 2010, a NASA study declared that automobiles were officially the largest net contributor of climate change pollution in the world. “Cars, buses, and trucks release pollutants and greenhouse gases that promote warming, while emitting few aerosols that counteract it,” the study read. “In contrast, the industrial and power sectors release many of the same gases—with a larger contribution to [warming]—but they also emit sulfates and other aerosols that cause cooling by reflecting light and altering clouds.”

In other words, the power generation sector may have emitted the most greenhouse gases in total. But it also released so many sulfates and cooling aerosols that the net impact was less than the automobile industry, according to NASA.

Since then, developed countries have cut back on those cooling aerosols for the purpose of countering regular air pollution, which has likely increased the net climate pollution of the power generation industry. But according to the Union of Concerned Scientists, “collectively, cars and trucks account for nearly one-fifth of all U.S. emissions,” while “in total, the U.S. transportation sector—which includes cars, trucks, planes, trains, ships, and freight—produces nearly thirty percent of all US global warming emissions ... .”

In fact, transportation is now the largest source of carbon dioxide emissions in the United States—and it has been for two years, according to an analysis from the Rhodium Group.

Full article:

https://newrepublic.com/article/150689/modern-automobile-must-die
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 15381
  • Location: Colchester, Vermont
    • Agelbert Truth AND Consequences
Re: Hydrocarbon Crooks Evil Actions
« Reply #59 on: August 23, 2018, 08:40:16 pm »

Trump’s 🦀 Dirty Energy Appointees Dismantle Clean Energy Controls 

August 22, 2018

Trump’s EPA announced a plan to end Obama’s Clean Power Plan, using coal companies’ proposals, which lowers federal regulations on emissions and allows states to set their own emissions reduction goals. We discuss the proposal with Mustafa Ali


https://therealnews.com/stories/trumps-dirty-energy-appointees-dismantle-clean-energy-controls



Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

+-Recent Topics

Money by AGelbert
December 14, 2018, 09:56:45 pm

Global Warming is WITH US by AGelbert
December 14, 2018, 09:37:29 pm

Fossil Fuel Profits Getting Eaten Alive by Renewable Energy! by AGelbert
December 14, 2018, 09:10:55 pm

Apocalyptic Humor by AGelbert
December 14, 2018, 02:34:18 pm

Corruption in Government by AGelbert
December 14, 2018, 12:17:36 pm

Electric Vehicles by AGelbert
December 13, 2018, 07:15:13 pm

War Provocations and Peace Actions by AGelbert
December 13, 2018, 04:16:22 pm

The Big Picture of Renewable Energy Growth by AGelbert
December 12, 2018, 09:35:12 pm

Profiles in Courage by AGelbert
December 12, 2018, 09:25:57 pm

Hydrocarbon Crooks Evil Actions by AGelbert
December 12, 2018, 05:07:12 pm