Following the money

But remember, the science is settled. [Link]

Well, the BBC, a prime proponents of warming theory, or AGW, has heavily invested its pension fund in the theory, and thus have had a major non-Scientific reason for their bias.  As revealed this weekend in The Express:

The corporation is under investigation after being inundated with complaints that its editorial coverage of climate change is biased in favour of those who say it is a man-made phenomenon. The £8billion pension fund is likely to come under close scrutiny over its commitment to promote a low-carbon economy while struggling to reverse an estimated £2billion deficit. Concerns are growing that BBC journalists and their bosses regard disputed scientific theory that climate change is caused by mankind as “mainstream” while huge sums of  employees’ money is invested in companies whose success depends on the theory being widely accepted. The BBC is the only media organisation in Britain whose pension fund is a member of the Institutional Investors Group on Climate Change, which has more than 50 members across Europe.

The IIGCC is an interesting group.  As their website explains:

The IIGCC is a forum for collaboration on climate change for European investors. The group’s objective is to catalyse greater investment in a low carbon economy by bringing investors together to use their collective influence with companies, policymakers and investors. The group currently has over 50 members, including some of the largest pension funds and asset managers in Europe, and represents assets of around €4 trillion.

Wait… I hate to be a skeptic, but did they just say… “Four Trillion Euros”?

They did.

The Chairman of IIGCC investment group is Peter Dunscombe, who also happens to be the BBC’s Head of Pensions Investment.

Cui bono, my friend, cui bono?