Connect with us

Technology

Mark Carney’s Impossible Math and Hottest Day Hysteria Sow Climate Policy Confusion

Published

on

BBC is reporting that Mark Carney says household energy bills will drop by 2030 thanks to new technologies, omitting the fact that someone must pay for power grid and generation upgrades, says Friends of Science Society. Media outlets are reporting ‘hottest day ever’ despite most nations having carbon taxes, thus creating climate policy confusion.

CALGARY, Alberta, July 25, 2024 /PRNewswire-PRWeb/ — On July 10, 2024, BBC reported that former Bank of England Governor Mark Carney said, “Greener technologies will help drive down household bills by the end of the decade,” without explaining who will pay for the necessary power grid and generation upgrades or how this can be implemented in less than 6 years, says Friends of Science Society. According to Dr. Benny Peiser of the Global Warming Policy Foundation (GWPF), there is already a Net Zero Rebellion by the public going on across the UK and Europe. [Published reports by the GWPF show the costs per household in the UK could be £100,000. or USD$128,948.88.

According to Dr. Benny Peiser of the Global Warming Policy Foundation (GWPF), there is already a Net Zero Rebellion by the public going on across the UK and Europe. Published reports by the GWPF show the costs per household in the UK could be £100,000. (USD$128,948.88)

Similar green plans for Canada don’t seem to offer lower prices. A recent study by economist Ross McKitrick for the Fraser Institute on Canada’s Emissions Reduction Plan found that it would cause the economy to stagnate, would cost $6,700 per worker annually by 2030, which is more than five times the cost per worker compared to the carbon tax alone. Likewise, the plan would fail to meet the Net Zero targets. For Canada’s proposed emission reduction efforts, the global average temperature would be only reduced by 0.007° C (seven thousandths of a degree Celsius) as of 2100 compared to the case if Canada does nothing.

Prof. Simon Michaux has produced a new study and webinar for the Geological Survey of Finland which shows that on a global scale, he estimates that some 800,000 new non-fossil fuel power stations would be required for Net Zero 2050; the non-fossil fuel power plant fleet was only 46,423 in 2018.

This brings into question the quality of Mark Carney’s math and his grip on the practical realities and costs of decarbonizing the future with ‘green’ tech or reaching Net Zero at all, says Friends of Science.

Media outlets around the world have been blaring that the “hottest day on record” occurred on July 21st, 2024 in terms of the global average surface air temperature. Now it’s the hottest days on record with 2 days in a row!! On a closer look, the Copernicus records only go back to 1940. The 1930’s are deemed to have been much hotter than today as explained by Tony Heller. Friends of Science Society’s president, Ron Davison, P. Eng., has put together a series of colorful charts showing how the earth is actually cooling over time.

While there has been a perceptible bump in global warming this past year, most scientists attribute this to the astounding volume of water vapor from the Hunga Tonga volcanic eruption injected into the stratosphere; this effect is projected to last for the next five years. Water vapor is the most influential greenhouse gas, as explained in the Friends of Science Society’s “Climate Science Essay.”

The World Bank reports on their carbon pricing dashboard the near global adoption of carbon pricing, but people feel confused paying a carbon tax on the promise by politicians that this will reduce global warming and stop extreme weather.

According to Roger Pielke, Jr., climate policy analyst of many years, the Intergovernmental Panel on Climate Change (IPCC) does not ascribe extreme weather events – neither flooding nor wildfires, to human-induced climate change or concentration of carbon dioxide.

Torontonians have just experienced significant flooding and now politicians from Prime Minister Trudeau to Mayor Olivia Chow are blaming climate change, despite the fact that data shows a downward trend in precipitation. Urban flooding is more a function of failing, aging infrastructure, paved over landscapes and population growth, according to Robert Muir, P. Eng. Good public policy must be based on objective evidence as Muir details in this paper.

‘Hottest year ever’ headlines create fear of a climate apocalypse in young people, like Just Stop Oil activists. This ended up with the “Whole Truth Five” being sentenced to 4 and 5 years in jail in the UK for conspiracy. Friends of Science took a closer look at these events in this explainer video.

In Canada, “Last Generation” plans to participate with activists in 8 different countries with similar civil disobedience at airports. Their June 14, 2024 ultimatum letter demands a 50,000 strong national firefighting agency and that Canada commits to a legally binding signatory status to Tzeporah Berman’s “Fossil Fuel Non-proliferation Treaty.”

Roger Pielke, Jr. shows that climate catastrophists are relying on outdated science and implausible scenarios like the Representative Concentration Pathway RCP 8.5.

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 22nd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca

Media Contact

Michelle Stirling, Friends of Science Society, 8887899597, media@friendsofscience.orghttps://friendsofscience.org/ 

View original content to download multimedia:https://www.prweb.com/releases/mark-carneys-impossible-math-and-hottest-day-hysteria-sow-climate-policy-confusion-302206228.html

SOURCE Friends of Science Society

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

Published

on

By

OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.  

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites. 

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–eirik-lohre-appointed-permanent-cfo,c4344308

 

View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-eirik-lohre-appointed-permanent-cfo-302762250.html

Continue Reading

Technology

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

Published

on

By

LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

View original content:https://www.prnewswire.com/apac/news-releases/longport-whale-enters-malaysian-market-with-next-generation-trading-infrastructure-for-local-brokerages-302761411.html

SOURCE LONGPORT Whale

Continue Reading

Technology

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Published

on

By

Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

Logo – https://mma.prnewswire.com/media/2831061/Thunes_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/thunes-and-vodacom-tanzania-unite-to-power-cross-border-m-pesa-payments-across-china-and-uganda-302760085.html

Continue Reading

Trending