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Text of the page (random words):
ustry that is trashing the planet and has poured millions of dollars into slagging off climate scientists and climate science at every opportunity be rewarded for doing so the answer is they shouldn t abbott s policy would be like giving the keys to the lunatic asylum to the lunatics direct action is bad climate policy and abbott is a climate charlatan he should not be rewarded for his lies by being given the keys to the lodge posted in climate change election 2013 politics tagged absolute crap climate denier fossil fuel industry tony abbott leave a comment market manipulation posted on 02 05 2013 by the very bad poet so there was a big hullabaloo recently in the right wing press about a group called the syrian electronic army sea having an adverse influence on the american stock market the sea hacked into the twitter account of media outlet ap and posted a tweet which claimed the white house had been bombed and that the president had been injured this sent the market into meltdown for a short time until it was realised that the whole thing was a hoax this proves my earlier point that free markets require access to accurate information to function properly a similar thing happened in australia earlier this year when an environmental activist produced a fake letter from anz bank claiming that anz had refused funding to australian coal mining company whitehaven coal whitehaven s shares subsequently took a nose dive until the hoax was discovered at the time the right wing media were scathing in their criticism of the activist in question railing against his manipulation of the market but this sort of behaviour has been going on for years for more than 20 years fossil fuel corporations have been funding conservative think tanks ctts and so called astroturf groups the aim of these ctts and fake environmental groups has been to produce and publish reports that rubbish the claims of climate scientists and underestimate the environmental impact of the mining and use of fossil fuels the ultimate goal of this funding is to boost the profits and therefore the share price of the fossil fuel corporations this is at best ethically reprehensible and at worst bordering on criminal behaviour several authors monbiot 2007 hoggan and littlemore 2008 oreskes and conway 2009 and washington and cook 2010 to name a few have noted that the oil company exxonmobil is the biggest offender in this area exxon has contributed millions of dollars over the last few decades to this form of market manipulation hoggan and littlemore 2008 p83 note that in the ten years after the creation of the kyoto protocol exxon invested more than us 20 million in think tanks that dedicated a large amount of effort to questioning whether climate change was sound science greenpeace have created a list of all the ctts and astroturf groups that exxon have funded the list was compiled using exxon s own annual reports and tax statements it currently contains the names of 176 organisations which have received funding from exxonmobil amongst the list are the australian organisations the institute of public affairs ipa and the australian climate science coalition acsc this is market manipulation on a massive scale and its not just me that thinks so the age recently reported a report by the british based carbon tracker initiative and the australian climate institute says companies listed on the asx 200 spend 5 7 billion a year developing and replacing coal reserves it says these reserves will largely have to be left unburnt if global warming is to be kept at safe levels climate institute chief executive john connor said investments in australian coal rest on a speculative bubble of climate denial indifference or dreaming investors governments and even some coal companies say they take climate change seriously but this report shows they do not or are taking risky gambles he said this is fraud and market manipulation on a massive scale as the age notes the international energy agency has warned in its latest world energy outlook that no more than a third of the world s proven fossil fuel reserves can be consumed to 2050 without carbon capture and storage technology if the the world is to stay under the two degrees warming target that scientists say is the tipping point by spreading dis information about climate change fossil fuel corporations are conning investors into thinking that the mining of fossil fuels is not detrimental to the health of the planet where are the voices of the right wing press screaming about market manipulation in this situation posted in climate change mining tagged fossil fuel corporations lies market manipulation stock market leave a comment the magical free market posted on 25 04 2013 by the very bad poet some people believe in a magical world where the free market is the solution to everything funnily enough these people also seem to be over represented on the boards of the biggest polluting companies but if you dig a little deeper you realise that these free market fundamentalists do not really believe in the free market they believe in a magical version of the free market in as much as they say they believe in the free market but in fact what they really mean is that they believe in the free market as long as the free market suits their selfish purposes much like the concept of freedom of speech which i examined in my last post the free market can only work if people have access to accurate information in the free market we are all classed as consumers consumers the theory goes have the power to make or break businesses if a company produces a product that consumers like then that company will prosper if however a company produces goods or services that consumers do not like then the word will spread throughout the market and the company will lose sales until they either change their product start producing a new product or until they go broke sounds great doesn t it but for the free market philosophy to work consumers must have access to accurate information imagine if i produced a product that i claimed doubled a person s iq in no time word would spread amongst consumers that i had this fabulous product and millions of people would purchase the product my company would flourish it would be a win win situation i would get rich and people would become smarter but what if i lied about the product being able to double a person s iq people would buy my product in their millions i would still get rich but no one would increase their iq in this case i would have gained my fortune via deception if only people had have had access to accurate information before they made their purchases if people knew from the start that my product was a sham then they would not buy it and i would have been unable to get rich peddling lies so accurate information is a must for the free market to work this is where fossil fuel companies come in most of them especially in the us but also in australia and the uk give generous amounts of money to free market think tanks they also like to trumpet how they are strong advocates for the free market in reality however they are shonky sales men they do not want a truly free market because just like a shonky salesman they would go bust in a truly free market fossil fuel companies spend millions each year trying to convince us that their products don t harm the environment after all none of us wants to be responsible for destroying the planet if we had access to accurate information then none of us would purchase products that are responsible for degrading the environment this is why fossil fuel corporations deny climate science global warming is not happening they say or man made global warming is a scam they have to muddy the waters so that consumers will keep buying their product if human induced global warming was a 100 certainty if there was no doubt whatsoever that reliance on fossil fuels was doing irreparable damage to the environment then consumers would demand action and companies that did not move away from reliance on fossil fuels would go broke this is why the fossil fuel industry promotes denial of climate science and this denial goes against every true free market principle these companies believe in the free market only as an abstract concept as a free market versus socialism kind of proposition they have forgotten that basic tenant of the free market that the customer is always right instead they take the line that we are always right and if you disagree with us then you are the enemy of the free market in this way they can shift the focus away from accurate information accurate information is not a part of the fossil fuel industry s magical free market realm instead they are locked in a battle with the mythical socialism monster only the free market can defeat this ugly beast they proclaim and not just any free market it can t be the shiny heroic free market of the real world it can only be the dirty sleezy grubby free market that lies down with the fossil fuel industry posted in climate change tagged climate change free market irresponsibility lies 2 comments a note on freedom of speech posted on 22 04 2013 by the very bad poet the australian media recently kicked up a stink about the government s proposed new media regulations even though all the proposed regulations called for in effect was a stronger form of self regulation the murdoch press was particularly scathing of communications minister stephen conroy with the sydney paper the daily telegraph running a front page picture depicting conroy as the russian communist dictator joseph stalin if you believe the shrill hysteria of the australian media then the government s proposed reforms were an attack on free speech but do the accusations of the media really stand up to scrutiny to answer this question i d like to examine the historical context of the idea of freedom of speech one of the fundamental ideas behind the notion of free speech is that in a society where citizens are allowed to express their opinions freely the truth will naturally prevail complementing this idea is the idea that when citizens are allowed to express their ideas freely the best ideas will eventually come to the fore whilst the worst ideas will after being debated be left by the wayside if you think of free speech in this regard then the oft promoted rhetoric of the media that governments are the biggest threat to freedom of speech begins to look a bit shaky in fact in this light it is private corporations and wealthy individuals most notably the mass media themselves who are the biggest enemies of freedom of speech there are several examples of this the most notable at the moment being the efforts of that champion of the giant hole in the ground gina rinehart in taking legal action against fairfax journalists adele ferguson and steve pennells these journalists have used their freedom of speech to write articles that are critical of rinehart most notably articles about her public court battle with her children the journalists have an inside source someone who is close to the rinehart family feeding them insider information in an attempt to get the journalists to disclose their source rinehart has subpoenaed them to appear in court in an effort to bully them into disclosing their sources this is one of the ways that corporations and wealthy individuals can ride roughshod over freedom of speech rinehart as we all know is fabulously wealthy she can afford to hire the most expensive lawyers and keep her case going for as long as she wants to the journalists however do not have access to such funds the journalists who have every right to express their freedom of speech and use it to criticise rinehart are being unfairly punished by her for doing so in modern society corporations and wealthy individuals have the power to bring legal actions against people for using their right to free speech it does not matter whether the person who speaks out is right or wrong because the corporation or wealthy individual has the financial resources to outlast the hapless journalist or blogger in the courts of course this shouldn t be confused with liable everyone should have the right to sue for liable if they believe someone has unfairly defamed them but liable is often abused by the rich to bully or threaten others into not speaking out thereby curtailing their freedom of speech another example of this is the case of empire oil and gas company an individual empire oil and gas shareholder not happy with the way that empire oil and gas is being run has criticised the company board on an internet chat site the board has responded by suing the outspoken shareholder for liable the board has even had the audacity to use company money to finance their vicious legal action leading to a situation where an individual shareholder who has every right to state their opinion on the way the company is run is being sued by the board and the board is using the company s money to finance the action while the hapless shareholder is losing their life savings trying to defend themselves in court the already rich company directors are using company money to effectively bankrupt their own shareholder for nothing more than voicing their opinion so much for freedom of speech when it comes to the mining industry the press particularly the murdoch press is also very good at using its money and influence to trample over the freedom of speech of others a case in point is the way the australian newspaper has taken upon itself to run a relentless campaign against climate science and climate scientists the australian has long been a vocal mouthpiece of the climate change denial movement this has been highlighted in a recent study by the independent centre for journalism at the university of technology sydney the centre studied the coverage of the carbon tax debate and found that 84 of the australian s articles on the carbon tax were negative this is despite the fact that 97 of climate scientists agree that human induced climate change is a significant problem that needs to be addressed and despite also that the majority of economists agree that a carbon price is the best mechanism to reduce carbon pollution so much for freedom speech if you are a climate scientist or economist that advocates climate action this example highlights that newspapers often have an agenda with their great power and resources media outlets and media owners can often use their power to push an agenda that is against the long term public interest this goes against the very principle behind the concept of freedom of speech the principle that says that when everyone is allowed an equal say the ideas that are best for society as a whole will always win out the media and other unscrupulous corporations or wealthy individuals can often distort the debate they can use their power and financial clout to silence the most rational voices in the debate or to shout l...