Smoking Gun 6 – Chesapeake Energy Strategy
I love honest people. Engaging in straightforward discussions and even arguments is one of my favorite pastimes. This morning, I opened up my copy of Chesapeake Energy’s annual report and…
A good friend sent me a link to an interesting diary on Daily Kos titled “Clean Coal”‘s Dirty Hands?. That diary entry used an article written by Peter Montague, titled INSIGHTS: Carbon Sequestration that provides some very interesting documentation of grants provided by The Joyce Foundation to a number of mainstream environmental organizations.
The essential thrust of the article was that carbon sequestration was an untested and potentially risky endeavor that was being supported by a surprising coalition of groups that shared some of the same funding sources. I personally think that Mr. Montague was a little off in his analysis – in my opinion carbon sequestration will never be implemented on a major scale – but he has done a great job in contributing valuable information to an important discussion.
I recommend that you go visit “Clean Coal”‘s Dirty Hands? and participate. It should be an interesting source of opinions and information about how fossil fuel interests use their extensive financial resources and those of long established foundations with huge investment portfolios.
For example, the article talks about the activities of The Joyce Foundation. I did a little poking around and found out that Joyce was originally endowed with a $100 million bequest from a lumber industry heiress in 1972. It now controls an unrestricted portfolio of nearly $900 million. After giving away about $40-50 million each year, they have still grown that endowment by about $35 million per year for the last few years. It can do a lot of very good charitable work and still enable some nefarious and sneaky anti-nuclear activities to protect its interests and those of its donors and leaders.
PS – I had to grin about the magic of Google Adsense when I posted this comment. The link that showed up was titled Energy From Coal. It leads to an interestingly titled organization called Americans for Balanced Energy Choices. Its main point is that coal is essential, affordable and increasing clean. Note: I did not put a hyperlink in this postscript – go ahead and click on the ad link. That is more advantageous to Atomic Insights.
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I am in a snarky mood this morning. Please forgive me while I try to explain the sources of my wry amusement – and my continuing worries that keep me from getting a good night’s sleep. Yesterday, I was in a conversation with a man who was explaining the recent changes in Nuclear Regulatory Commission…
One of the most famous battles against nuclear energy in the US, a struggle whose effects remain important to this day, was fought on Long Island. The saga involved nearly two decades of highly publicized effort marred by many failures in management and a well-organized opposition effort that successfully turned out thousands of people willing…
I came across an article on RosBusinessConsulting titled Russia floods global markets with O&G that supports my theory that at least some of more crafty segments of the world’s oil and gas providers recognize the return on investment (ROI) available to them from steady efforts to stoke irrational fears about the use of nuclear energy….
Conventional wisdom tells us that “Environmentalists” worried about one or more of the below complaints have influenced world opinion and encouraged the current negative investment perception that surrounds new nuclear power plants: Nuclear plants are not completely safe Nuclear energy technology leads to dispersal of nuclear weapons capability Nuclear energy plants are massive and lead…
A ‘smoking gun’ article is one that reveals a direct connection between a fossil fuel or alternative energy system promoter and a strongly antinuclear attitude. One of my guiding theories about energy is that a great deal of the discussion about safety, cost, and waste disposal is really a cover for a normal business activity…
As a reminder, the words “smoking gun” in a blog title here at Atomic Insights means that the post will be about a direct attack on the use of nuclear fission by someone who represents one of its many energy supply competitors – oil, coal, natural gas or one of the weaker alternative energy sources….