Electric vehicle maker Rivian rides Tesla hype train to $100B valuation despite almost no sales

Rivian Automotive, an electric vehicle company that has so far delivered only about 150 electric pickup trucks mostly to its own employees, surpassed General Motors Thursday to become the second most valuable U.S. car company behind Tesla.

The California company went public Wednesday in an initial public offering (IPO) that priced shares at $78 each. By the end of its first day as a public company, those shares were worth more than $100, enough to value the company at $88 billion. That’s more than Ford is worth.

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Eric Nuttall: There’s a massive chasm between government policy and our energy reality

It is epically frustrating that in Canada, a country blessed with some of the most abundant energy resources in the world, the majority of the population suffers from profound energy ignorance: the lack of knowledge of how hydrocarbons are used, how critical they are to our daily lives, and the realistic timeline to replace them with a “renewable” alternative.

Right now, wherever you are, look around. Everything you see, from the computer or piece of paper that you are reading this column on, from to the desk that you sit at, to the plastic lining in the coffee cup in front of you, all are either made of, or required the use of, hydrocarbons.

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GOLDSTEIN: Stephen Harper is the adult in the room on climate change

It’s always refreshing to have an adult walk into the room when talking about Canada’s energy and climate change polices.

Such was the case this week when Stephen Harper, during a virtual meeting of the Canada West Foundation, displayed more common sense in five sentences than all of the flowery rhetoric pouring out of the UN COP 26 climate change summit in Glasgow.

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Doug Ford Bad Man – Won’t give rebates to ‘millionaires’ to buy EVs says latest steaming pile of shit from CBC propagandists

Doug Ford won’t give rebates to ‘millionaires’ to buy EVs, even though sales lag in Ontario

Premier Doug Ford is dismissing the idea of bringing back a rebate to encourage Ontarians to buy more electric vehicles, even though the province is lagging behind much of the country in sales.

“I’m not going to give rebates to guys that are buying $100,000 cars — millionaires,” he said Wednesday, even though his own government says it’s counting on rising sales of those electric vehicles (EVs) to help bring down greenhouse gas emissions.

In 2018, Ford’s government cancelled the Electric and Hydrogen Vehicle Incentive Program, brought in by the Liberals under Kathleen Wynne.

Good for Doug.

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Terence Corcoran: Inside the insurance anti-oil cartel

The Trudeau government has proudly signed Canada on to a global agreement with 20 other nations pledging to stop government agency funding of oil and gas development in other countries. “The intention,” said Natural Resources Minister Jonathan Wilkinson, “is no ongoing financing related to exploration and production of fossil fuels.”

A vote for the Liberal left is a vote for your own destruction.

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COP26 ‘Route Zero’ pledge to eliminate car emissions omits the biggest buyers and sellers

When the COP26 climate summit began last week, British Prime Minister Boris Johnson had high hopes that countries would commit to ending the sale of gas-powered cars by 2030.

But a pledge announced at the summit Wednesday involving 24 countries, including Canada, falls well short of that goal and leaves much of the global market moving far slower toward zero-emission vehicles.

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Climate alarmism is doing terrible damage to the young

Young people are told their lives are over before they’ve even begun.

As COP26 demonstrates, the politics of fear is everywhere today. Governments rely on it to encourage citizens to act. And activists exploit it to highlight the supposed urgency of their cause.

All this fear-mongering, however, is having a profound effect on the mindset of teenagers today. It has filled us with fear and guilt, and it has exacerbated our sense of insecurity.

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Greener—and Poorer – Lower-income people shoulder a disproportionate share of the costs of California’s environmental policies.

The Biden-Harris administration has praised California’s progressive elected officials as model leaders on climate and environmental issues. But what have those state leaders and their policies actually produced? A fixation on renewable energy, along with the closure of natural gas and nuclear plants, has helped drive the cost of electricity and gas in California higher than anywhere else in the continental U.S. And the lion’s share of these costs is borne by low-income families. Adjusted for cost of living, California has the nation’s highest poverty rate—about 7.1 million people—due in part to the high costs of essentials like housing, gas, and electricity.

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FUREY: Despite activists’ push to tax meat, Libs rule it out for Canada

There’s much talk of taxing meat right now as climate activists and policymakers meet in Glasgow for COP26. But the Liberal government says there’s no plan to hit Canadians with any such tax.

They always say that before they levy a new tax.


Another BS Social Engineering Online Poll …

Majority support Trudeau’s climate policy pitches made at COP26, poll suggests

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‘COP26 is a neo-feudal performance’ – Michael Shellenberger on the staggering arrogance of the green elites.

The COP26 climate talks have been defined by brazen hypocrisy. It has escaped few people’s notice that the very same world leaders who have spent the week warning of a CO2-fuelled armageddon arrived in Glasgow on a fleet of private jets. And the very same world leaders calling for us all to cut back on our consumption have been lodging and dining in staggering opulence. So what lies behind this mismatch? And is there more to it than just hypocrisy?

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French couple wins legal fight over wind ‘turbine syndrome’

A French court has recognised “turbine syndrome” after a couple complained their health was damaged by living near a windfarm.

In what is believed to be the first judgment of its kind in France, Belgians Christel and Luc Fockaert were awarded more than €100,000 in compensation by the judge in Toulouse.

The couple claimed they experienced a range of health problems including headaches, insomnia, heart irregularities, depression, dizziness, tinnitus and nausea for more than two years, insisting these were caused by six wind turbines set up 700 metres from their home at Fontrieu in the Tarn, southern France.

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MALCOLM: Trudeau places his green ideology ahead of the interests of the nation

Serious question: Why should we listen to a word that anyone says at the COP26 climate change conference in Glasgow, Scotland?

An estimated 30,000 officials — including a Canadian delegation of nearly 300 politicians and their press flacks, the largest of any delegation in the G7 — travelled to the Scottish city to, what, pontificate about the various ways governments can tax and punish people into submission when it comes to lowering their carbon emissions.

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Few willing to change lifestyle to save the planet, climate survey finds

Citizens are alarmed by the climate crisis, but most believe they are already doing more to preserve the planet than anyone else, including their government, and few are willing to make significant lifestyle changes, an international survey has found.

“The widespread awareness of the importance of the climate crisis illustrated in this study has yet to be coupled with a proportionate willingness to act,” the survey of 10 countries including the US, UK, France and Germany, observed.


Also … ‘Like slave and master’: DRC miners toil for 30p an hour to fuel electric cars

Congolese workers describe a system of abuse, precarious employment and paltry wages – all to power the green vehicle revolution

The names Tesla, Renault and Volvo mean nothing to Pierre*. He has never heard of an electric car. But as he heads out to work each morning in the bustling, dusty town of Fungurume, in the Democratic Republic of Congo’s southern mining belt, he is the first link in a supply chain that is fuelling the electric vehicle revolution and its promise of a decarbonised future.

Pierre is mining for cobalt, one of the world’s most sought-after minerals, and a key ingredient in the batteries that power most electric vehicles (EVs).

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BONOKOSKI: For zero emissions, start by choking China’s lust for coal

Mark Carney, acknowledged as a world-class economist and banker, was governor of the federal Bank of Canada before flying off to the United Kingdom for a term as overseer of the Bank of England.

He’s now attempting to add magician to his resume, coming out of the COP26 summit in Glasgow vowing to raise an incredible $139 trillion for the fight against global climate change.

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