The Climate Scam Rolls On!

Chris takes a hard look at the climate scam draining taxpayer dollars. He rips into failing offshore wind projects in New Jersey and a $160 million electric bus deal that left school districts high and dry, while criticizing costly electric vehicle investments and a decades-long California High Speed Rail project that achieved next to nothing. Meanwhile, Chevron’s potential refinery closures in California signal rising gas prices that will hurt consumers. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Several weeks ago here on the program, we talked about
the co of a major bank, Bill Winters from Standard Charter,
basically telling the truth about the climate scam. He said, okay,
he's at the World Economic Forum. Zero is a profitable business.
Despite the big setback to the green agenda caused by

(00:39):
Trump pulling out of the Paris Agreement, it's a big
business for us. We'll be pretty close to making a
billion dollars in income in twenty twenty five. It's just
a big business, and it's a profitable business. We do
the right thing and we get paid for it. It's
kind of win win shit Bill, right thing. You're just

(01:04):
taking government money for, crying out loud goes they're stupid
enough to give it to you. Well, they're not, again
stupid that the voters are stupid enough to vote in
politicians that are willing to give you an invest in
that crap. The people that are actually in charge and
giving that money to Bill Winters and other banks for

(01:25):
all this net zero climate crap. They're getting paid too. Okay, anyway,
Jersey inherit the wind. Yeah. New Jersey's offshore wind projects
continue to fail. Hell yeah, another big win for the whales.
Fantastic Shell now abandoning its stake in the Atlantic shores

(01:47):
due to the high costs and potential rate payer over payment.
But again the governor, stubborn Phil Murphy there, remember the
one that was hiding illegals in his like a frank
Oh no, no, no, I didn't do that anyway. Uh yeah.
He still thinks that wind power is a once in

(02:08):
a generation opportunity, you know, and he knows better. Okay,
this guy worked on Wall Street. He knows that it's not.
He just you know, he's got his buddies that want
to get paid. He's got government contracts, government money. It's
a scam. It's a scam. And if it was so wonderful,

(02:32):
if it was so great, to quote Billy Bob Thornton
in the television show land Man, oil Company's been putting
these windmills up over the damn place. But they're not
because it's dumb anyway, you want to file this under again.

(02:54):
It hurts your head. Actually, the Biden administration was so
happened that they gave one hundred and sixty million dollars
to a Canadian electric bus company called Lion Electric. I
correct me if I'm wrong. I'm trying to remember. I

(03:16):
think Kamala Harris gave a speech about the electric school
buses and I gotta go back. I was something ridiculous
back in the day. But yeah, it gave us one
hundred and sixty million dollars to the Canadian electric bus company,
gave it to them to buy buses. Well, the bus

(03:38):
company went under and the school districts in California, Montana,
North Dakota, Iowa, Alabama, and Maryland are not getting their
buses buy and paid for these buses upfront. Okay, it's

(04:01):
just star money. That a big deal, no big deal,
Like Chris Kuon says, Oh, it's just a drop in
a bucket. We've already saved the environment. Yeah, Porsche is uh,
that's it. They're done with the electric crap, going back
to its roots. They are going to invest eight hundred
million dollars on combustion engine design. I spoke with spoke

(04:25):
with a dealer in Tampa. I would tell you it
was Maserati Dealership here in Tampa, and they started going
towards that whole electric fol Glory model that they wanted
to start moving. They can't sell they go. They're going
to have to completely retrench forward lost nearly forty nine

(04:46):
thousand dollars on each electric vehicle that it's sold in
twenty twenty four. Next year. Next year is the thirtieth
anniversary of the California A High Speed Rail Project thirty

(05:06):
next year twenty twenty six, thirty years California High Speed
Rail Project group that they put together. They just put
out a tweet because they're concerned because Donald Trump is
threatening to look into that scam. If they say, ignore
the noise, we're busy building as we enter the track
laying phase one hundred and seventy one miles or under

(05:28):
active construction, and we've already completed fifty major structures, completed,
sixty miles of guideway completed full in viral clearance from
San Francisco to La created fourteen thousand, six hundred jobs.
I can create well more than fourteen thousand, six hundred

(05:49):
jobs if I'm just going to take billions and billions
and billions and dollars and just you know, do something
with it. You didn't create crap. I mean, I can
take billions of dollars and tell people to dig holes
and then fill them right back up. Do that, right.
It's been thirty almost twenty nine to thirty years and

(06:13):
there's no Tutu trains. That's it. This is all. That's
all you got done. It's all you gotta save yourself
in thirty years. And they're like proud of it again.
Oh yeah. Department of Energy target, Department of Transportation halted

(06:34):
funding for the National Electric Vehicle Infrastructure Program, helped build
out a national network of DC fast chargers. Yeah, I
remember billions and billions of dollars from Biden that didn't
do jack crap under Pete Mayor, Pete Buddha jag Jake
Jack Jake Jack Jack Jack. Yeah, five billion dollars to

(06:55):
building a nationwide, interconnected network of DC fast charges.

Speaker 1 (07:02):
Yeah.

Speaker 2 (07:03):
I forget how many that were built. There's just a few,
just a few there for your five billion dollars. And
hopefully they'll be able to recoup some of that money out,
you know, quite frankly, and I've said this from the
get go. You know, let somebody, you know, it's great business,
so they can open up their own electric charger stations. Yeah,

(07:23):
it doesn't make any sense. Again, no problem with electric cars,
none whatsoever. Niche market. Okay, if you know you're not
going to have to drive anyway far in and around
your town, you can charge it your house, have at it,
have at it. But to subsidize cramp like this again,

(07:46):
we can go on and on and on. You know, Chevron,
Now this is you know again, people in California, guess what,
your gasoline prices are going to even go much much,
much much higher. If this is the case, Chevron thinking
of closing their refineries in California. They already moved, They
already moved out of Fresle, they already moved to Texas.

(08:08):
Now they're just saying, you know what, we don't even
want to deal with California and the refineries, meaning the
people in California will be paying a ton for guess
But again, they don't keep the people in charge, They
don't care, doesn't it doesn't matter to them. They are
the people try they can afford it. It's not a
big deal to them. It's everyone else It's going to
feel the pain. Watchdog on Wall Street dot Com