Soros climate change activity benefits his hedge fund investments

George Soros has funded a wide variety of efforts to propagate the view that Climate Change poses perils to the planet and that this mandates measures that include so called clean fuels.

His efforts include his sponsorship of think tanks, for example, The Center for American Progress (CAP) - easily the nation's most powerful think-tank -  that serves as Barack Obama's "Brain". The CAP has served as an employment agency to fill important government positions, including those that push the climate change story (Van Jones, for example). Of course, Soros is the sugar daddy of the Democratic Party whose members also promote "clean energy", "cap and trade", the end of King Coal, and the evisceration of our nuclear power industry. Soros was an early backer of Barack Obama's and employed his phalanx of 527 groups, of which he is the largest single funder, to work to get him elected.

Clean fuels does not just encompass renewables such as wind and solar power. Those are inadequate and uneconomic to meet our needs. The biggest source of clean fuels is natural gas - the one carbon-based fuel that many environmentalist can at least tolerate. Therefore, it is the one carbon fuel that would benefit disproportionally if the climate change cultists have their way.

I found it quite interesting that Soros Fund Management, the hedge fund founded and controlled by George Soros, owns a huge stake in at least one company sitting on a monumental treasure trove of natural gas - InterOil corporation. His fund is the fourth largest holder; in turn, it is one of the top holdings in his hedge fund.

Interoil (stock symbol IOC) is an energy company that has made huge natural gas finds in Papua New Guinea that look so large that they been described by industry professionals as unnatural and staggering.

One well after another has been breaking world records in terms of flow.

The New Guinea government is also quiet flexible when dealing with oil companies (no pesky activist groups of the same kind Soros supports here). The government has been amenable to approving Liquefied Natural Gas projects to allow exports. Papua New Guinea may become the second largest LNG producer in all of Asia, as well as a major supplier to other Asian nations, and perhaps America as well.

Interoil will benefit enormously from changes being promoted by Climate Change promoters - among them Barack Obama, the Center for American Progress, and a wide swath of democrats who have been beneficiaries of George Soros. Now his payoff seems assured. The huge stake in Interoil will be paying Soros huge dividends for many years in the future, as will his own investments in the politics of climate change.

For a further view of how Soros has bet a billion to clean up from climate change see this concise and informative article:

 

(Fair disclosure: I own shares in Interoil)


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