{"id":301659,"date":"2024-02-13T17:43:20","date_gmt":"2024-02-13T16:43:20","guid":{"rendered":"https:\/\/climatescience.press\/?p=301659"},"modified":"2024-02-13T17:43:22","modified_gmt":"2024-02-13T16:43:22","slug":"bidens-climate-change-reparations-will-bankrupt-america","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=301659","title":{"rendered":"Biden\u2019s climate change reparations will bankrupt America"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

The reparations regime will only aid the wealthy and privileged, not those most in need<\/em><\/strong><\/p>\n\n\n\n

Perhaps nothing better illustrates the backwards nature of our time than the drive for reparations. This includes not only payment for race discrimination, but also for the impacts of climate change. In both cases, it\u2019s the West\u2019s middle and working classes who will foot the bill.<\/p>\n\n\n\n

Historically, compensation went to those who directly suffered from gross injustice in their own lifetimes. Descendants of concentration camps, whether in the Holocaust or the less lethal, but also unjust imprisonment of Japanese Americans during World War Two are prime examples. Their children and grandchildren, however, generally do not make any claim.\u00a0The Telegraph<\/a> has the story.<\/p>\n\n\n\n

California, unsurprisingly, leads in reparations mania<\/a>. The state legislature is now considering a proposals from the Reparations Task Force for compensation of around $569 billion, with $223,200 per person \u2013 estimates of a national reparations bill could top $14 trillion. This despite the fact that about the only people who could claim the legacy of slavery in California are Native Americans, who should send the bill to Madrid rather than Sacramento.<\/p>\n\n\n\n

The legislature is pushing a proposed bill to revive affirmative action \u2013 a longstanding policy based on the logic of reparations \u2013 which was resoundingly voted down in 2020 by allowing \u201cexceptions\u201d to the rule. Corporations, too, are being dragooned to make up for past sins through gender equality mandates. Venture capitalists under a new law signed by Newsom are expected to report the racial and gender breakdown of their funded companies as well as for the jobs created.<\/p>\n\n\n\n

Unfortunately, what starts in California rarely stays there. The Biden Securities and Exchange Commission is considering ways to follow the state\u2019s lead. A 490-page SEC rule proposed in 2022 compels federally-regulated public firms to disclose all GHG emissions from virtually any source, including obscure upstream suppliers, and  downstream customers. This is the most contested proposal in the commission\u2019s history. Brookings, a powerful establishment thinktank, has also proposed climate reparations to American minorities, essentially doubling down on reparations.<\/p>\n\n\n\n

These\u00a0policies are also part of the European and UK climate change agenda<\/a>. It\u2019s a guaranteed jobs boom for\u00a0climate\u00a0 professionals that reporting firms must engage at the expense of other employees, service providers, and consumers. Corporate social responsibility\u00a0reporting studies in countries as diverse as China, Denmark, Malaysia, and South Africa show that disclosure laws primarily boost demand for \u201cassurance services\u201d and\u00a0 raise the cost of engaging high-quality auditors and consultants.\u00a0<\/p>\n\n\n\n

Already accounting, climate-oriented software, environmental consulting and legal firms are flooding media outlets with disclosure law explainers, warnings about climate \u201cdisclosure gaps\u201d, and have even commissioned disclosure cost surveys to prompt new reporting regulations by state and federal officials and induce business from covered firms.\u00a0<\/p>\n\n\n\n

Read the full story here<\/a>.<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Perhaps nothing better illustrates the backwards nature of our time than the drive for reparations. This includes not only payment for race discrimination, but also for the impacts of climate change. In both cases, it\u2019s the\u00a0West\u2019s middle and working classes who will foot the bill.<\/p>\n","protected":false},"author":121246920,"featured_media":301663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Perhaps nothing better illustrates the backwards nature of our time than the drive for reparations. This includes not only payment for race discrimination, but also for the impacts of climate change. In both cases, it\u2019s the\u00a0West\u2019s middle and working class","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818068,691818056,691824721,691818772],"class_list":{"0":"post-301659","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-california","9":"tag-climate-change","10":"tag-climate-reparations","11":"tag-u-s-president-joe-biden","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0merlin_197191215_8d16f840-ea16-4fe5-bbea-987a072598f3-superJumbo.webp?fit=2048%2C1365&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1gtt","jetpack-related-posts":[{"id":289440,"url":"https:\/\/climatescience.press\/?p=289440","url_meta":{"origin":301659,"position":0},"title":"Biden Admin Pledges Millions To International \u2018Climate Reparations\u2019 Fund","author":"uwe.roland.gross","date":"01\/12\/2023","format":false,"excerpt":"From The Daily Caller NICK POPE CONTRIBUTOR (Photo by Robert Perry-Pool\/Getty Images) The Biden administration has pledged millions of dollars to a de facto international \u201cclimate reparations\u201d fund at the United Nations (UN) climate summit in the United Arab Emirates (UAE). The fund, referred to by its proponents as a\u2026","rel":"","context":"In \"Biden Administration\"","block_context":{"text":"Biden Administration","link":"https:\/\/climatescience.press\/?tag=biden-administration"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0GALqDi0WIAAGE0U.jpeg?fit=960%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0GALqDi0WIAAGE0U.jpeg?fit=960%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0GALqDi0WIAAGE0U.jpeg?fit=960%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0GALqDi0WIAAGE0U.jpeg?fit=960%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":228508,"url":"https:\/\/climatescience.press\/?p=228508","url_meta":{"origin":301659,"position":1},"title":"Rishi Sunak rules out climate reparations","author":"uwe.roland.gross","date":"10\/11\/2022","format":false,"excerpt":"Let\u2019s hope Rishi does not make another handbrake turn!","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/00image-31.png?fit=747%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/00image-31.png?fit=747%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/00image-31.png?fit=747%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/00image-31.png?fit=747%2C640&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":242032,"url":"https:\/\/climatescience.press\/?p=242032","url_meta":{"origin":301659,"position":2},"title":"Climate Reparations a Lose-Lose-Lose Deal","author":"uwe.roland.gross","date":"28\/01\/2023","format":false,"excerpt":"At the recently concluded UN climate summit, wealthy nations agreed to pay climate reparations to poor countries. Unfortunately, this could ultimately be a bad deal even for the recipients.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1223.png?fit=1200%2C549&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1223.png?fit=1200%2C549&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1223.png?fit=1200%2C549&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1223.png?fit=1200%2C549&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1223.png?fit=1200%2C549&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":228291,"url":"https:\/\/climatescience.press\/?p=228291","url_meta":{"origin":301659,"position":3},"title":"It\u2019s insane to demand we pay for the \u2019sin\u2018 of our industrial past when China wreaks such climate damage today \u2014","author":"uwe.roland.gross","date":"09\/11\/2022","format":false,"excerpt":"Unfortunately, the media must share responsibility for this farce, because they have helped peddle the lie that our weather is getting more extreme.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0image-28.png?fit=633%2C699&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0image-28.png?fit=633%2C699&ssl=1&resize=350%2C200 1x, 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