Alberta’s drought shaping up to be ‘worse than we saw in the 1920s, 1930s’

[A990]

So are you saying you got it figured out and the middle east countries investing billion and trillions in green energy the next few years to reduce emissions are being scammed? Please explain how your getting the facts and they are not.?

...i was not aware that the middle east countries were investing billions and trillions in green energy and I certainly don't have it figured out but as a non scientist I do have one way of assessing "the facts". That is to look at past predictions. How many of these past predictions have come true?
Green areas shrinking?
Ice reduced?
Sea level rise?
Storms bigger and more frequent?
Coral reefs disappearing?
Polar bears going extinct?
Temperature increasing (not from sun and heat island effect)

[AlbertaFarmer5]

Middle Eastern countries are not investing in green energy to save emissions. And they are certainly not doing so to reduce their fossil fuel production. Their investment in renewable energy is the proverbial drop in the bucket compared to their ongoing investments in future fossil fuel production. Saudi around gold and OPEC both forecast fossil fuel energy consumption continuing to increase for decades to come.
Aside from the obvious window dressing, a desert country without winter has peak energy demand for air conditioning and things like irrigation. For which solar is actually well matched. Why would they burn valuable fossil fuels which can be exported, when they also have reliable well matched solar resources.
None of the above applies to the situation in canada.

[fjlip]

"Why would they burn valuable fossil fuels which can be exported, when they also have reliable well matched solar resources."

Nailed it AB5!

And Hey lefty greenies....NONE of that applies to COLD COLD Canada!

[newguy]

...i was not aware that the middle east countries were investing billions and trillions in green energy and I certainly don't have it figured out but as a non scientist I do have one way of assessing "the facts". That is to look at past predictions. How many of these past predictions have come true?
Green areas shrinking?
Ice reduced?
Sea level rise?
Storms bigger and more frequent?
Coral reefs disappearing?
Polar bears going extinct?
Temperature increasing (not from sun and heat island effect)

They made the announcement at Dubai.When Moe was there selling oil they were setting up a fund to replace oil.

[newguy]

This was the announcement.

[shtferbrains]

they were setting up a fund to replace oil.

Who's money?

[AlbertaFarmer5]

Who's money?

Technically, it comes from all of the countries who buy their fossil fuels.

A question for newguy. Over the course of the years that this 30 billion will be used to bribe and buy influence with African nations, under the guise of alternative energy, how many multiples of that will the UAE spend on increasing their fossil fuel output? They already committed to increasing their fossil fuel output quite drastically.

[A990]

They made the announcement at Dubai.When Moe was there selling oil they were setting up a fund to replace oil.

...setting up a fund to replace oil....

[chuckChuck]

So have you received any decent rains in the area west of Red Deer and is the drought over?

From the IEA June 2024

Investment in clean energy this year is set to be twice the amount going to fossil fuels

[url]https://www.iea.org/news/investment-in-clean-energy-this-year-is-set-to-be-twice-the-amount-going-to-fossil-fuels[/url]

“Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy. For every dollar going to fossil fuels today, almost two dollars are invested in clean energy,” said IEA Executive Director Fatih Birol. “The rise in clean energy spending is underpinned by strong economics, by continued cost reductions and by considerations of energy security. But there is a strong element of industrial policy, too, as major economies compete for advantage in new clean energy supply chains. More must be done to ensure that investment reaches the places where it is needed most, in particular the developing economies where access to affordable, sustainable and secure energy is severely lacking today.”

[shtferbrains]

So have you received any decent rains in the area west of Red Deer and is the drought over?

From the IEA June 2024

Investment in clean energy this year is set to be twice the amount going to fossil fuels

"More must be done to ensure that investment reaches the places where it is needed most, in particular the developing economies where access to affordable, sustainable and secure energy is severely lacking today.”

Who's Money?

It's basic money laundering.

Zero point Zero chance of ever achieving any goals.

The G7 countries and China are the main sources of money.

China is going to be the big winner with a huge ROE being multiplied by all the virtuous dollars coming from countries like Canada.

8% unreliables