Fools and Their Money

Are soon parted.  Or, to put it another way, P.T. Barnum was right. From the UK Religious Intelligence:

The Church of England’s Church Commissioners have gone green, investing £150 million with former US Vice-President Al Gore’s environmentally minded investment firm, Generation Investment Management.

On Nov 18 the First Church Estates Commissioner, Andreas Whittam Smith reported that in late September the Commissioners had placed the funds with Gore’s boutique management firm which follows an “environmentally sustainable global equities mandate.” Funding for the investment came from “cash and Treasury bills”, he said, and not from the sale of UK equities as initially planned.

That’s a relief. Only cash and T-Bills get flushed down the crapper. You had me worried there for a minute, Andreas.

Meanwhile, there are signs of good sense in the midst of fashionable lunacy. Sammy Wilson, MP from Antrim, No. Ireland and DUP Environment Minister is demonstrably not a sucker. He’s labeled AGW as ‘one giant con’. My kind of guy. From the Belfast Telegraph:

Spending billions on trying to reduce carbon emissions is one giant con that is depriving third world countries of vital funds to tackle famine, HIV and other diseases, Sammy Wilson said.

The DUP minister has been heavily criticised by environmentalists for claiming that ongoing climatic shifts are down to nature and not mankind.

But while acknowledging his views on global warming may not be popular, the East Antrim MP said he was not prepared to be bullied by eco fundamentalists.

“I’ll not be stopped saying what I believe needs to be said about climate change,” he said.

“Most of the people who shout about climate change have not read one article about it

“I think in 20 years’ time we will look back at this whole climate change debate and ask ourselves how on earth were we ever conned into spending the billions of pounds which are going into this without any kind of rigorous examination of the background, the science, the implications of it all. Because there is now a degree of hysteria about it, fairly unformed hysteria I’ve got to say as well.

Has anyone done a study of Chicken Little hysteria? The sheer pathology of it all has just got to be fascinating. Perhaps in another post.

For more great pearls from Sammy Wilson, his website is here.

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Tagged as: Al Gore, global warming, Sammy Wilson