General Electric (GE) Waking Up To Fact That GreenEnergy (and global warming) Is A BUST

Destroying and disproving the myth of man-caused global warming has had a significant effect on General Electric, one of the myth's primary supporters. Apparently GE has seen the light, come to their senses and finally realizes that the entire premise of man-caused global warming has been one gigantic hoax. Search this blog for articles on GE to follow the history of these schemes, scandals, lies, and deceptions. Look for similar changes in focus and attitude toward global warming, climate change and all it entails.
Peter

The browning of GE

3:36 pm ET 12/13/2010 - MarketWatch Databased News

SAN FRANCISCO (MarketWatch) -- General Electric's decision to buy Britain's Wellstream Holdings PLC is clearly about securing a spot for itself in Brazil's booming deepwater oil industry.

But it also offers an interesting counterpoint to GE's own carefully groomed public energy persona.

For the past few years, GE has been busy prying open business opportunities in green energy. As part of the push, it created a separate R&D clean-tech unit called Ecomagination, slapping a bright green GE logo on the enterprise to visually drive home the point.

The company is now deep into wind power (turbines), it's a huge proponent of electric vehicles (recharging stations), and a major player in the developing a "smart" energy grid (smart meters) -- programs that also happen to be backed by billions of dollars in government stimulus funding.

So why is GE plunking down $1.3 billion to buy Wellstream Holdngs , a company that makes pipeline and other equipment for the offshore oil industry? Read about the GE-Wellstream deal.

Wellstream is an interesting choice because much of its operations and revenue are in Brazil, a country that's emerging as a global energy powerhouse because of its rich offshore oil fields, surplus of sugar-based ethanol fuels and extensive hydropower. GE simply wants to be in the mix.

The oil component of that mix is certainly looking more attractive than it did when GE launched Ecomagination a couple of years ago, before the Great Recession.

GE couldn't at the time have seen just how deep the recession would be, or what impact it would have on budgets aimed at "going green." They also couldn't have foreseen how the Cancun Climate Change Summit, which wrapped up this weekend, would end up being about as toothless as COP15, the Copenhagen climate change summit a year ago.

A major recession and an international stalemate over imposing stricter carbon controls are not helping GE's green technology sales. And who knows how long government stimuli are going to last, especially given the results of the mid-term elections here at home.

By buying Wellstream, GE is doing what all conglomerates do. It's diversifying. It's also plunking down a big chunk of cash to make sure it's got a piece of the action in the overseas offshore oil industry. That might not sound very green to an environmentalist, but given the current economic climate, it simply sounds like GE hedging its bet.

-- Jim Jelter

Family Feud At General Electric

As has been pointed out here (do a search on General Electric) many times, General Electric Corporation (GE), which owns NBC, MSNBC, "Newsweek Magazine", The Weather Channel and the Discovery Channel, is accused of broadcasting misinformation about global warming for their own monetary benefit.

In other words, this large corporation which manufactures and sells things such as wind turbines, solar panels, fluorescent light bulbs, "clean coal technology", and nuclear power plants, and has a huge stake in the "cap and trade" carbon hustle---- this same corporation operates and maintains its own propaganda machine. They have been pouring out a consistent stream of inaccurate "news" about the catastrophes awaiting us all if we do not immediately act to prevent global warming and climate change. Interestingly, the things they propose to save us, all come back to buying GE products or having the government grant them subsidies, tax credits, or outright grants, loans, and now "economic stimulus" money.

This has been reported on here and elsewhere in the non-mainstream media, but now it seems even NBC affiliates are beginning to smell the rot and stink of GE activity. Hopefully this will all be brought out into the fresh air for the public to see.
Peter

NBC Affiliate Meteorologist Rips MSNBC for Apocalyptic Global Warming Special

Michigan affiliate's chief meteorologist slams disingenuousness of MSNBC's 'Future Earth' special; GE's financial stake in cap-and-trade passage.
By Jeff Poor Business & Media Institute
4/27/2009 4:19:36 PM

NBC Universal and its networks have been criticized for the global warming alarmism it parades on a regular basis. However, now the criticism is coming from its own affiliates.

Prior to its April 26 airing on MSNBC, shows on NBC had been promoting the first part of the climate special “Future Earth” – an MSNBC program that used computer animation to show the possibilities of a polar icecap melting. That prompted Bill Steffen, a meteorologist for NBC’s Grand Rapids, Mich. affiliate, to call out MSNBC for that special.

Steffen challenged several premises of “Future Earth: Journey to the End of the World,” on his WoodTV.com blog. Steffen debunked the entire series premise that is posted on the MSNBC Web site: “Find out why Earth’s climate machine — the North Pole — is melting alarmingly fast. Learn about our planet’s future, and how you can stop its decline.”

“First, the North Pole is not ‘Earth’s Climate Machine,’” Steffen wrote. “There is far more heat and area in the Tropics than at the North Pole. Second, YOU can’t stop its decline (assuming it’s declining)! Nature is big - you personally are insignificant compared to nature. Don’t you wish you had the power to control icecaps! If you don’t mind some profanity, check out George Carlin’s take on ‘Saving the Planet.’ Third, MSNBC does not know ‘our planet’s future.’”

Steffen rebutted claims of the MSNBC special saying that ice in the Antarctic has actually been expanding and that polar ice melting alone would not cause sea level to rise as depicted in the “Future Earth.”

“Keep in mind that if the Polar icecap (without Greenland) melted…it would hardly cause sea level to rise, because the icecap is currently displacing water in the Arctic Ocean,” Steffen wrote.

Steffen also pointed out, as many others have, the financial stake NBC Universal’s parent company General Electric (NYSE:GE) has invested in cap-and-trade becoming law.

“One last point, MSNBC is owned by General Electric,” Steffen wrote. “GE is already making money off the issue with their Carbon Credit Master Card (link from ‘Treehugger,’ no less). Here’s CNN’s story on the new credit card.”

Steffen even showed how much GE has spent lobbying for environmental causes, originally reported by the Washington Examiner on March 3.

“Interesting note: In the fourth quarter of 2008 as GE/NBC stock fell 30 percent, GE spent $4.26 million on lobbying — that’s $46,304 each day, including weekends, Thanksgiving and Christmas,” Steffen wrote. “In 2008, the company spent a grand total of $18.66 million on lobbying. Reviewing their lobbying filings, GE’s specific lobbying issues included the ‘Climate Stewardship Act,’ ‘Electric Utility Cap and Trade Act,’ ‘Global Warming Reduction Act,’ ‘Federal Government Greenhouse Gas Registry Act,’ ‘Low Carbon Economy Act,’ and ‘Lieberman-Warner Climate Security Act.’ Do you think this ‘big business’ is just concerned about the environment?”