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This story from the United Kingdom that details information that has not been mentioned on U.S. television or the print media. In order to shrink our nation’s international influence, the Chinese Government has established the Asia Infrastructure Investment Bank (AIIB).
The AIIB is to compete with the World Bank and International Monetary Fund which is influenced by the United States to avoid loans involving use of coal. As shown in the article, most developed nations have joined the AIIB in spite of President Obama’s protests.
President Obama has established his legacy as leading the world in the fight against catastrophic global warming caused by increasing atmospheric carbon dioxide from using fossil fuels. His government has placed impediments against fossil fuel production on federal lands and export of oil and natural gas. In addition, the fight has succeeded in curtailing use of coal in electric power generation with some increase in utility rates.
The goal is to reduce fossil fuel use by at least 80 percent below the 2005 level by 2050. President Obama wants the rest of the world to follow suit and hopes to seal world approval by a United Nations treaty signed in Paris this December. Nature has not cooperated in helping President Obama push his agenda.
Proponents argue global warming will melt all the sea ice at the North and South poles. As of April 10, Arctic sea ice is 6.2 percent below its average from 1981 to 2010 and Antarctic sea ice is a whopping 29 percent greater than its average.
Proponents said 2014 was the warmest year in recorded history (1880 to present). Satellite temperature data shows 2014 had an average temperature of 0.275 degrees Centigrade while higher temperatures were recorded in 1998 and 2010 of 0.42 and 0.40, respectively. The data shows no increase in global temperatures in 17 years in spite of highest increases in atmospheric carbon dioxide in millennia—30 percent of the increase in the past 250 years.
Proponents claim snowfall will be a part of the past. January 22, 2015, EPA Administrator McCarthy was in Aspen, CO, the famous ski destination, and warned without action on climate change, “Aspen’s climate could be a lot like that of Amarillo, Texas by 2100.” For what it is worth, it snowed in Amarillo this winter. It is snowed more than 10 inches in Aspen April 16 and snow is still falling. In addition, record snowfall occurred this winter in the Northeast.
Proponents claim global warming is causing sea level rise that may be as much as six feet by 2100. The National Oceanic and Atmospheric Administration maintains a data set of 128 tidal gauges in the United States and 112 in other countries that show no acceleration of sea level rise in more than a century. Global warming due to fossil fuel use is claimed to have started after 1950.
President Obama’s policies of thwarting fossil fuel production are diminishing our influence on world affairs by denying the United States’ unparalleled ability to supply fossil fuels to friendly nations. Developing nations need inexpensive coal to supply cheap electricity for their deprived masses. Attempts to stop funding coal plants in Asia saw creation of the AIIB and more ignoring U. S. interests.