As the great global warming scare continues to crumble, attention focuses on all those groups that have a huge interest in keeping it alive. Governments look on it as an excuse to raise billions of pounds in taxes. Wind farm developers make fortunes from the hidden subsidies we pay through our electricity bills. A vast academic industry receives more billions for concocting the bogus science that underpins the scare. Carbon traders hope to make billions from corrupt schemes based on buying and selling the right to emit CO2. ...And focuses on the likely grand-daddy of them all - the re-insurance industry.
... no financial interest stands to make more from exaggerating the risks of climate change than the re-insurance industry, which charges retail insurers for “catastrophe cover”, paid for by all of us through our premiums. ...Booker refers to a study recently published in Nature and to Willis Eschenbach's dissection of it in a guest post at WUWT. Eschenbach concludes that the study is junk and faults Nature for publishing it:
But Booker sees another problem noting that two of the junk study's coauthors work for the insurance industry:
Junk climate science, working in the service of screwing us over.
[Via where there are some good comments from Christopher Booker]. See also.