“Since 2000, the world has spent more than $5 trillion on green energy. More than 300,000 wind turbines have been erected, millions of solar arrays were installed, more than 25 million electric vehicles (EVs) have been sold, hundreds of thousands of acres of forest were cut down to produce biomass fuel, and about three percent of agricultural land is now used to produce biofuel for vehicles.”

We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.

Since 2000, the world has spent more than $5 trillion on green energy.…

” … the limited assurance of these public accountant’s sustainability letters provides, in certain respects, even less assurance than detailed agreed-upon procedure letters…. [T]he limited assurance letters in these sustainability reports contain very little detailed information and only reach vague, double-negative conclusions regarding the findings.”

– Michael Kraten, “Sustainability Reports and the Limitations of ‘Limited’ Assurance.” The CPA Journal (July 2019).

A recent feature for The CPA Journal (July 2019) unmasks the most politicized area of modern accounting, sustainability accounting. [1]

Following are excerpts from an essay by Michael Kraten (PhD, CPA, CSVP; professor of accounting and chair of the accounting, finance, and economics department at Houston Baptist University), “Sustainability Reports and the Limitations of ‘Limited’ Assurance.”

• “How many standards can a sustainability accountant possibly follow?

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).

A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.

Some of the more important articles in this issue are:

Medical Director Warns of Turbine Health Consequences

Major Good News: Ontario Scraps the Green Energy Act

Wind Projects and Property Rights

But How do Affected Citizens Think about Wind Energy?…

“It’s clear that most Americans don’t want electric cars. In 2016, US car and light vehicle sales rose to 17.6 million units. After eight years of promotion, subsidies, mandates, and tax credits by the Obama Administration and the ZEV states, plug-in hybrid electric vehicle (PHEV) sales totaled only 159,000 units in 2016, less than one percent of US car and light vehicle sales.”

“If regulators continue to try to force adoption of cars that consumers don’t want to buy, look for declining new car sales and a robust used-car market for traditional gasoline and diesel models.”

The Republican-led tax bill in the House of Representatives proposes to eliminate the $7,500 tax credit for purchases of electric cars. Green advocates of “electrification” are already attacking the bill for the loss of the subsidy.…