Real Clear Energy . . . "Then there’s the psychology of herding, whereby CEOs are fearful of being hung out to dry if they don’t sign the latest statement pledging their company to save the world from climate breakdown. All this might remind readers of two groups in Ayn Rand’s Atlas Shrugged: the Moochers, comprising, in this example, the craven CEOs and their in-house CSR crowd; and the Looters, the environmental NGOs. Their ultimate victim is capitalism, the only economic system ever to have produced durable, transformative economic growth." . . .. . . "Then there are those desperate to get on the climate bandwagon and never get off. Anyone who has attended a UN climate conference will have noticed that some of the best-dressed participants are from Africa’s poorest nations, some with chunky Rolexes on their wrists. The UN makes sure that they suffer no hardship from their climate-change-fighting efforts. The Daily Subsistence Allowance, once handed out in envelopes with $100 bills, is now disbursed in its plastic equivalent of Swiss value cards. NGOs, whose role at climate conferences is to act as the spontaneous expression of civil society, are also eligible. Unsurprisingly, youth NGOs want to get in on the DSA act, too." . . .
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