COP28 full of ‘phony climate promises – We must abandon Net Zero before it’s too late

 

The 'historic' deal which committed the world to the transition away from fossil fuels and was cobbled together to save fave at the end of the more than usually ridiculous COP28 climate conference, also created a role for two key oil industry priorities, these are natural gas and carbon capture from CO2 emissions (CCS).

The summit’s final text (V6 R 210) indicated that natural gas, which is somewhat less carbon-intensive than oil and coal, can play a part in cutting emissions. It also placed CO2 capture and storage alongside renewables and nuclear as key technologies that would drive the transition. What it did not do was show how the world will transition away from 'fossil fuels' without destroying civilisation, sending most nations back to subsistence farming economies and achieving the true goal of all this climate bollocks, which is of course massive depopulation of the planet.

The areas where Big Oil has been making multibillion dollar bets, and whether they truly complement, or actually contradict the pledge for a lower-carbon world is still open to debate. For natural gas it’s largely a question of timing, and for CCS it’s a matter of technological progress.

COP 28 President Sultan Al Jaber - picture: https://www.climatedepot.com/

“We are not going to win the fight against the climate change if we continue to rely structurally on fossil fuels,” said Tinne Van der Straeten, the energy minister for Belgium which still relies on gas for almost a quarter of its electricity production. “Gas as a transition fuel means that you use it as short as possible.”

He might have a point if anybody had as yet proposed an economically viable and politically acceptable alternative to gas, oil and coal.

Gas has been identified by the industry as the cleanest of fossil fuel since it releases less carbon dioxide than coal or oil when combusted (though we get back to the old problem of the climate change lobby which is that CO2 is not a pollutant but an atmospheric gas essential to the existence of all life forms on earth. However, in many regions it’s also responsible for rampant methane emissions, a greenhouse gas that’s 80 times more potent than CO2 (but actually breaks down in the atmosphere very quickly. The COP28 text included a pledge to reduce methane pollution to near zero by the end of decade, and has been widely endorsed by the fossil fuel industry though again nobody has any idea how this can be done without causing immense damage to economic and social structures.

Before the so called deal, which is not really a deal but a wish list compiled by ecoloon activists, there was already a long-running debate about the role of natural gas in the shift to clean energy. Corporate giants including Shell Plc and Woodside Energy Group Ltd. insist it has a role in providing secure long-term fuel supplies. They are making big investments in new projects to pump gas, which for many companies represents a growing share of their overall fossil fuel production.

The fossil fuel industry had a big presence at the Dubai climate conference, unsurprising really as the United Arab Emirates of which Dubai is a part, is one of the world's leading oil and gas producers. The president of this year’s UN-sponsored summit, the United Arab Emirates’ Sultan Al Jaber, also runs the country’s oil company. He managed to broker an agreement that kept Saudi Arabia and other oil producers on board simply by persuading all attending nations, plus  CEOs of major mining, drilling and pumping corporations including Darren Woods of Exxon Mobil Corp. and Toby Rice of EQT Corp. to agree that if CO2 emissions are to be reduced by replacing gas oil and coal with 'sustainable' energy sources the transition must be made in an orderly fashion.

Some governments, such as Japan’s, also insisted that additional investment in gas is necessary to boost energy security, especially after Russia’s invasion of Ukraine last year sent prices of the fuel to a record high. Firms in Europe and Asia signed 27-year liquefied natural gas purchase agreements with Qatar over the last year. Critics argue that this threatens 2050 net zero targets.

Proponents argue that CCS could help preserve the energy security of fossil fuels without the emissions. Critics say it’s unproven at scale and a convenient fig leaf for Big Oil.

So really, after the $£€billions spent and tons of CO2 emitted in flying all these world leaders and CEOs to Dubai in private jets, and the rest of the 30plus thousand delegates on scheduled and charter flights and putting them up in 5 and 6 star hotels, nothing much has changed. And nobody had the nous to say what everybody in the developed world who was not at the conference knows, that 'net zero' by 2050 is impossible and should be abandoned now before the ecoloons and virtue signallers to drive humanity to collective suicide.

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Arthur Foxake
16 February 2023

Dubai Media Office / Handout/Anadolu Agency via Getty ImageS

Addressing the self - styled World Government Summit in Dubai,World Economic Forum Chairman and Scooby Doo Villain lookalike contest winner Klaus Schwab said that those who control the past control the future and those who control the information control the past emerging  technologies such as Artificial Intelligence which will usher in a 'Fourth Industrial Revolution' can become “masters of the world,” in a speech that had many uncomfortable parallels with the ravings of a certain Austrian who moved to Germany after World War 1 and on the back of outrageous claims such as 'The thiurd Reich will rule the world for a thousand years, rose to power in the 1930s. And that episode did not end well, you may recall from school history lessons.

Appearing at the pretentiously titled World Government Summit in Dubai this week, arch-globalist Klaus Schwab said that the world is heading towards a period of exponential growth of technologies, in which Artificial Intelligence, the so-called Metaverse, near-space technologies, and synthetic biology among others will become key levers of control for the world. Most of these technologies are in reality the stuff of wet dreams for tech nerds, but if the globalists can persuade enough people such dreams are real, they way they succeeded in convincing a majority of people in the liberal democracies to accept a bogus vaccine that would not immunise them against a disease that was highly unlikely to make them ill, in orderr to deliver a gene editing technology known as mRNA into their bodies where, evidence suggests, it is undermining their natural imminuty.

As an associate of that 1930s German leader often said, "Tell a lie big enough and repeat it often enough and it will become the truth."

Back to the Scooby Doo villain, who also reminded the The World Government Summit, “Our life in 10 years from now will be completely different, very much affected, and who masters these technologies, in some way, will be the masters of the world.” It is a big lie and he has often told it before.

After popularising phrases like ‘The Great Reset’ and 'The New Normal', the WEF chairman is now promoting the idea of a  “Fourth Industrial Revolution”,  with his 2016 book of the same name, although the phrase and the concept were around long before Schwab plagiarised them. In fact it is arguable that a fourth industrial revolution has already happened. Although many experts would not agree, if we took the first industrial revolution as the period between 1750 and 1830 when mining coal and smelting iron on an industrial scale became commercially viable, and employment switched from the land and farming to towns and factory work, then the second, led by thespread of railways and steam ships, the rise of trade unions and cooperativism, increased mechanisation and the increasing use of electricity.

A third stage of this ongoing industrial revolution spanned the late 19th and early 20th centuries. in the late 19th and 20th centuries. Oil replaced coal as the main fuel for industry, modern industrial processes began to exploit many natural and synthetic resources not hitherto utilized: lighter metals, rare earths, new alloys, and synthetic materials such as plastics, as well as new energy sources. Many new industries emerged, pharmaceuticals, chemicals and plastics manufacturing, electrical appliances, and leading the way, automobiles.

This would make the fourth stage or the fourth industrial revolution the rise of computers and automated control systems, digital industries, greater prosperity for the working classes than ever before and an explosion in the numbers of people employed in travel, entertainment and media,, the arts, and what some cynics have described as "The Candy Floss industries. 

Schwab has previously revealed that he is teetering in the edge of insanity if he has not already plunged into its darkest depths when he said that this new phase of human economy will be characterised by transhumanism, with “a fusion of human being with digital technologies, blurring the lines between the physical, digital, and biological spheres.”

In Dubai, Schwab further revealed how dangerous to freedom and civilised values his ideas are, when saying that his “deep concern” is that if governments do not act in a globalist fashion, then such technologies “will escape our power to master [them]." (they already have Klaus, they already have.)

Continuing this train of thought, he said that governments must focus on the speed at which they adopt new tech, warning: “You cannot catch up with the new technologies, you have to be a frontrunner because otherwise you will be on the losing outside.” 

He was, of course, speaking in cliches, but such is the level of support for his crazy vision of an authoritarian world government of unelected bureaucrats, academics and scientists, among political and business leaders and the super rich that we must take seriously his prophecy of a dystopian future for the working and middle classes: "In the future you will own nothing and you will be happy." He reiterated his commitment to this authoritarian way of thinking in Dubai with this statement:

'Our life in 10 years from now will be completely different, very much affected, & who masters [#4IR] technologies, in some way, will be the masters of the world': Klaus Schwab, World Government Summit 2023 #WorldGovSummit #WGS @WorldGovSummit pic.twitter.com/NhLahuT56D

— Tim Hinchliffe (@TimHinchliffe) February 13, 2023

Spelling out his vision of so-called stakeholder capitalism (a phrase beloved of ormer WEF Young Global Leader, war criminal and general arsehole Tony Blair,) that he visualises replacing the current economy following his Great Reset, the WEF chairman continued: “What is absolutely essential is this cooperation of the different stakeholders of global society: government brings direct power, business bring the innovative power civil society brings the concernhis ed power, academia brings the power of truth, and maybe I should add media, which brings the critical dimensional in this dialogue.

“We need all those stakeholders to shape together the future.”

What exactly that future will look like is uncertain, however, in November, Schwab said that Communist China will serve as a “role model” for many countries during his predicted “systemic transformation of the world”. The authoritarian one-party state under the strict control of Chairman Xi Jinping has been at the forefront in introducing WEF pet projects such as vaccine passport apps on the back of the manufactured crisis that was the COVID pandemic.

Illustrating how this level of societal control would work in societies with long traitions of freedom and equality, the president of Chinese tech giant Alibaba, J. Michael Evans detailed at the 2022 WEF jolly in Davos that the wannabe World Domination Society are seeking to implement an “individual carbon footprint tracker” to record and track the behaviour of citizens and its supposed impact on the environment.

Put simply, your electric car will have a remotely triggered kill switch should you exceed the milage your social credit score, your smart meter will turn down your heating and cooker when you exceed your permitted allowance of Kilowatt hours, living in 'fifteen minute cities' you will need permission from your local commissar if you want to travel more that a quarter of an hours journey from home, and only the rich and privileged will eat meat, dairy produce and luxury foods, the rest of us will subsist on a plant based diet enriched with mashed insects and worms.

In the 1970s Alice Cooper sang Welcome To My Nightmare. Now I bid you welcome to the future, not alice's night mare or mine, but everybody's, except the few rich enough to buy a ticket to Klaus Schwab's New Normal.

 

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The Democrat / Republican political puppets in the USA would be supported by European leaders including Prime Minister David Cameron in the UK, France's Francois Hollande and Germany's Angela Merkel who, even as I type, are preparing massive interventions in Libya and Iraq, both turned into chaotic and lawless failed states by previous US / European interventions
There Is No Freedom Without Transparency

[ New World Order ] ... [ Death Of Democracy ] ... [ Free Speech Murdered ] ... [ NWO Omnibus ]

The Mysterious Case Of Dubai's Disappearing Gold

Dubai, where eastern magic makes gold disappear (Image source)

On 26 December 2015, we reported the strange case of Dubai's disappearing gold, an long established gold many other nations that have taken advantage of this smuggling ring involving Turkey, Iran, and Dubai (as well as many other nations that have taken advantage of this very convenient arrangement to circumvent trade sanctions) which reveals that corruption in the global trade network reaches right to the top of the pyramid. The involvement of President Erdogan and members of his family in NATO member Turkey in illegal oil trades with ISIS has already been exposed as has Sheikh Sultan Bin Khalifa Al Nahyan, the son of the ruler of Abu Dhabi and one of the world's richest people. The gold handled by the ring runs to a value of billions of dollars.

The story came to light when previously unknown Dubai gold trading house, Gold.AE suddenly announced it was going out of business. This news sparked wide interest in Gold AE and it was discovered the trader had been the middle man through which Turkish physical gold was moved "legally" to Dubai, from where it travelled on to Iran (after Dubai 'investors' had pocketed millions in fees and commissions, as payment for sanctions busting trades.

Gold.AE - a subsidiary of Gold Holding, the largest gold-focused investment holding company headquartered in Dubai. announced it had suddenly and unexpectedly gone out of business, after an inquiry by minority shareholders revealed that "there had been substantial financial transfers from the company's account to the personal accounts of senior management and majority shareholders."

In a nutshell, the company which had been used as the front for a multi billion dollar sanctions busting operation over many years was insolvent having been thoroughly plundered of most of its holdings. Client accounts had of course been stripped bare.

A press release from Dubai's financial regulator stated:

In order to try and secure/recover monies that had been taken out of the accounts of the company, Mr. Gauthier in his capacity as manager has filed various cases as against the recipients of the funds from the Company (Dubai Police ( Bur Dubai Police Station), Case No: 24378). The minority shareholders are doing everything within their powers to support him in his efforts to recover these monies that were withdrawn from Gold AE in questionable circumstances.

DMCC has alleged that some of these activities undertaken by the previous management are in breach of DMCC's rules and as such they have taken the decision to terminate the license of the Company. We are working closely with DMCC to find a solution and in the meanwhile, we request that you bear with us. In the meanwhile, as a statutory consequence of the license being terminated, the trading platform of the Company has to shut down as of the date of termination of the license which is 24th November 2015.

However, since as Gold.AE admitted a Swiss bank account had been uncovered, it is very unlikely that any of the funds involved will be recovered. The Mr. Gauthier referred to is the former CEO of Godld AE, the makor shareholders of which included SBK Business Holding www.sbkholding.com; Sheik Sultan Bin Khalifa bin sultan Al-nahyan; Sheik Malek Hmood Alsabah; Abu-alhaj Holding; Aruntani Sac.

Now that the respectable gold-trading company at the centre of what was probably the world's biggest and most successful smuggling operation since the pirate Blackbeard ruled the Spanish Main has vaporised tons of physical gold and unknown amounts of client cash, even more questions arise about the stability of the global economy and the integrity of those who run it.

Some answers can be found at the Arabian Business website, which has jumped on the case and reports it is understood the previous management team were replaced in March, resulting in the appointment of Andres Gauthier as CEO (sic) and Mohammed Nico Consari as managing director.

Why the previous management team was replaced, or why it took nearly 9 months for an update to clients to be issued is not explained. When the information was release to clients however the notification made brutally clear that no money remained in the gold trading operation.

And now comes the whitewash which will ensure any link between the criminal Gold.AE and its parent, SBK Holdings-owned Gold Holdings is immediately erased. A spokesperson for the Dubai International finacial Centre (DIFC) has already said:

"We wish to make it clear that although Gold AE is a subsidiary of M/s Gold Holding, which is a DIFC-based holding company, Gold AE and M/s Gold Holding Ltd are two separate entities.

"We wish also to clarify that M/s Gold Holding Ltd is, to our knowledge, not involved in any trading operations, client-facing business affecting clients of Gold AE or the provision of any financial services. Accordingly, it is not regulated by the Dubai Financial Services Authority."

Why the scramble to exonerate Gold Holding Ltd? Because as we reported yesterday, it is owned by this man: Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan.

Sultan is the advisor to the President of UAE, the eldest son of Emir Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates and Emir of Abu Dhabi. Sultan may just be most important young person in Dubai, which makes him among the top 20 most important, not to mention wealthiest, in the world. It would not be good for his reputation if it emerged that not only is one of his companies involved in a huge gold smuggling scandal, but that the aforementioned company vanished in a puff of greasy, smelly, brown smoke after an unprecedented case of management fraud was exposed.

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Inferno at 63-story luxury hotel in Dubai, So Why Did It Not Collapse Like The Twin Towers?

'Address Downtown' a 5-star hotel in Dubai (is there any other kind of hotel in Dubai?) was engulfed in flames on New Year’s Eve as the city authorities firework display lit up the sky. It was not initially clear what caused the fire, which damaged about 20 stories of the building. Burning debris fell from the structure as firefighters struggled to contain the blaze.

City authorities reported 16 people were injured. Firefighters eventually brought the fire under control after the 302-meter tower had been evacuated without loss of life. Dubai Media office posted this tweet:

Dubai Media Office
@DXBMediaOffice

The fire at the Address Downtown reported to have originated from outside 20th floor of hotel, has not spread inside
6:36 PM - 31 Dec 2015
Sourced from The Daily Coin

Naturally this incident has prompted a lot of people to ask why the tower did not collapse like The World Trade Center towers on New York in 2001. There are many possible reasons for this and we will probably never know the complete answer.

Some have pointed out (quite correctly) that 'external' fire has unlimited supply of oxygen whereas 'internal' uncontrolled fire has to struggle for oxygen and dies down when oxygen supply depletes as was the case with fires in WTC 1 and 2. Most officially approved explanations for the Twin Towers (and Tower 7 collapse) however fail to note that the fireball visible outside the South Tower, common sense would suggest, indicated the burning of almost all of the jet fuel outside the tower. Thus official explanations collapse more rapidly than did The Twin Towers themselves.

Other versions of the official narrative tell us "it's what happens when an object as big as a passenger aircraft crashes into a tower building. Oh Yeah? In that case why is the Empire State Building still standing? It should have collapsed when a Boeing B25 Bomber crashed into it in 1945 as you may read on Wikipedia by following the link, or at numerous sources by searching B25 Empire State Building.

And so this latest tall building accident opens old wounds and raises new questions. Mainstream media may be burying the story already but it will run and run in New Media website comment threads.

New Year fireworks in Dubai, 2015

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The Gold Scandal That Goes To The Very Top

Dubai, wealth and privilege rub shoulders with corruption and dodgy dealing (Image source)

Best known known for luxury shopping, over-the-top architecture including the world's tallest building, a lively social scene, and a facade of secular open - mindedness, Dubai ought to be even better known for the underbelly of corruption and unrestricted criminality among the billionaires, oligarchs, princes, shieks and sultans, who quietly dominate dominate the global power and financial structure and have set up bases there because the local Shiek take a very benign view of anything that earns money for Dubai without actually breaking any laws in Dubai (and Dubai has very few laws covering offshore activities of financial traders).

First, the background.

Only a few short ago Iran was a pariah state subject to international financial sanctions due to its nuclear weapons program. Israel had repeatedly threatened it would attack preemptively to prevent Iran from obtaining a nuclear weapon.
Iran had to find ways to keep its economy running, and in order to circumvent these sanctions, it resorted to the oldest trade currency known: gold.

This, in itself, is not surprising nor is it news which rogue state Iran collaborated with to breach the international embargo and obtain the gold needed to finance trade with other countries, notably those along the Pacific Rim. A Reuters article from October 2012 explained, in broad terms, just how Iran's intricate smuggling operation worked.

To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a gate for a flight to Dubai. Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business.

The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions.

The sanctions, imposed over Iran's disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders.

"Every currency in the world has an identity, but gold means value without identity. The value is absolute wherever you go," said a trader in Dubai with knowledge of the gold trade between Turkey and Iran.

The identity of the ultimate destination of the gold in Iran is not known. But the scale of the operation through Dubai and its sudden growth suggest the Iranian government plays a role.

The Dubai trader and other sources familiar with the business spoke to Reuters on condition of anonymity, because of the political and commercial sensitivity of the matter.

Iran sells oil and gas to Turkey, with payments made to state Iranian institutions. U.S. and European banking sanctions ban payments in U.S. dollars or euros so Iran gets paid in Turkish lira. Lira are of limited value for buying goods on international markets but ideal for a gold buying spree in Turkey.

Three years ago then, Turkey was buying oil from Iran and paying in gold. Now with sanctions on Iran lifted, The Turkish family of Recep Erdogan are taking oil from ISIS and paying in dollars, for the simple reason that there is no banking embargo against the Islamic State like there was against Iran in 2012. One almost wonders why the international community was far stricter with Iran than it is with ISIS now.

Direct gold exports to Iran from Turkey, long a major consumer and stockpiler of gold, hit $1.8 billion in July - equivalent to over a fifth of Turkey's entire trade deficit in that month.

In August, however, a sudden plunge in Turkey's direct gold exports to Iran coincided with a leap in its sales of the precious metal to the UAE. Turkey exported a total $2.3 billion worth of gold in August, of which $2.1 billion was gold bullion. Just over $1.9 billion, about 36 metric tons, was sent to the UAE, latest available data from Turkey's Statistics Office shows. In July Turkey exported only $7 million of gold to the UAE. At the same time Turkey's direct gold exports to Iran, which had been fluctuating between $1.2 billion and about $1.8 billion each month since April, slumped to just $180 million in August.

The Dubai-based trader said that from August, direct shipments to Iran were largely replaced by indirect ones through Dubai, apparently because Tehran wanted to avoid publicity.

"The trade from Turkey directly to Iran has stopped because there was just too much publicity around it," said the trader.

However, instead of suddenly having a craving for Turkish gold, Dubai was merely a middleman which would then resell Turkey's gold to Iran, in exchange for a very generous commission.

It is not clear how the gold is moved from Dubai to Iran, but with the two countries only a distance of only about 150 kilometers (100 miles)apart at the shortest sea crossing there is always substantial traffic between the two economies, much of it transported by wooden dhows and other ships crossing the Gulf. And like many other things in Dubai, customs controls can be very lax if 'the right people have been appraised of the geopolitical importance of the trades'.

A gold trader in Turkey said Tehran had shifted to indirect imports because the direct shipments were widely reported in Turkish and international media earlier this year. "Now on paper it looks like the gold is going to Dubai, not to Iran," he said.

Iranian gold buyers may want to conceal their Turkish gold deliveries for fear of attracting attention from the United States, which is pressing countries around the world to shrink their economic ties with Iran.

The buyers may also want to protect their purchases from any possible interference by Turkey's government. Turkey's close relationship with Iran has begun to sour as the two states find themselves on opposite sides of the civil war in Syria.

Fear not: if the family of Turkish President and international illegal oil trader Recep Erdogan were guaranteed, say 5% of the total transaction price, it would turn a blind eye, even if the Ayatollahs were singing lullabies and war chants to Assad in his bedroom.

But why gold?

Simples: while Iran's banks were locked out of SWIFT international money transfer system (until mid-2015 when Obama's historic nuclear deal with Iran was announced and let Iran back into the global financial community), and commerce was virtually impossible in fiat currency terms, the UN sanctions did not prohibit most forms of trade. As a result there was no suggestion that the gold trade involving Dubai was violating international sanctions. In fact, the west tacitly encouraged, and Turkey latched on to this great source of trade arbitrage, and unbridled corruption with both hands.

What should concern us us that the levels of oversight (including electronic surveillance) of markets by Western government and the numbers of 'intelligence gathering' operatives they have on the ground in middle eastern countries, western governments cannot possibly have been unaware of this latest example of Turkey's involvement in the Sunni Muslim plot to establish an Islamic Caliphate, why has nothing been done again. Is it the case once again that the Obama administration has sided with Islamist nutters and left Vladimir Putin to save western civilisation?

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MAIN KEYWORDS: Money >> Dollar >> Oil >> Turkey

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