Why do prominent Australians keep calling wind energy an outrageous fraud?

Jan 23, 2012


Editor’s note:  The author of the following piece, Maurice Newman, is former chairman of Deutsche Bank, the Australian Securities Exchange and, most recently, the Australian Broadcasting Corporation..

Dr. Maurice Newman (Australia)

Against the wind

The pursuit of clean energy has relegated ordinary people to the status of “collateral damage”

by Maurice Newman (1/23/12)

Even before they threatened my property, I was opposed to wind farms.  They fail on all counts. They are grossly inefficient, extremely expensive, socially inequitable, a danger to human health, environmentally harmful, divisive for communities, a blot on the landscape, and don’t even achieve the purpose for which they were designed, namely the reliable generation of electricity and the reduction of CO2 emissions.

Even if you buy the anthropogenic global warming case, experience shows that wind energy is not the answer. How is it, then, that governments around the world have embraced this technology with abandon, in the process spending hundreds of billions of dollars of other people’s money in a shameless wealth transfer from the poor to the rich? Surely the economic effect of taxing hardest those who can least afford it was thoroughly examined ahead of politically motivated empty gestures designed to placate climate change alarmists?

Apparently not.

I am not a conspiracy theorist, but we have witnessed the birth of an extraordinary, universal and self-reinforcing movement among the political and executive arms of government, their academic consultants, the mainstream media and vested private sector interests (such as investment banks and the renewables industry), held together by the promise of unlimited government money. It may not be a conspiracy, but long-term, government underwritten annuities have certainly created one gigantic and powerful oligopoly which must coerce taxpayers and penalize energy consumers to survive.

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  1. Comment by Marsh Rosenthal on 01/23/2012 at 2:14 pm

    Thank you Dr. Newman! I begin to feel as though it is not just me that is howling down a dark tunnel. I begin to see a a turn around, a push back, a blowback at the “oligarchy” of big wind, climate alarmism, government greed and small town idiocy.

    It is up to each of us to stop this insanity in whatever way we can.

  2. Comment by Val Martin on 07/21/2012 at 6:44 pm

    Very well said and I am in total agreement. See me on YouTube “valmartinireland myth about wind energy.” You are so correct, 95% of politians, 95% of private and public media have teamed up with big business to impoverish their public.

    Why is this happening? I am wrestling with the same question and will try to answer in my videos.

    Val in Ireland

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