There are several points of light in Climategate, the man-made global warming hoax, or should I say the “Mann-made” global warming hoax, as in Michael Mann of Penn State University. As always, we must rely on blogs and the British press to give us the news and information the U.S. press refuses to print.

From the UK Daily Mail:

Climategate U-turn as scientist at centre of row admits: There has been no global warming since 1995

East Anglia University professor Phil Jones admits that he has stonewalled freedom of information requests for the data that supports the so-called Hockey Stick because there is no data. He offers the lame excuse that his record keeping is not very good. That’s probably so he won’t have to admit that no such data ever existed. The logical conclusion is what we already know — The hockey stick of the graph shown below with the contented polar bears, unlike global warming, was man-made with phony manipulated data.

Jones has also conceded that there was a medieval warming period (MWP) from 1000-1300 A.D. which refutes the idea that global warming is a man-made phenomenon. The MWP had to be erased and the recent warming in the late 20th century had to be enhanced to create the hockey stick graph that would show an abrupt recent warming period that was “unprecedented” in climate history, and thus could be attributable to human activity. This was accomplished by “Mike’s Trick” referring to Michael Mann of Penn State University, and which came to light in one of the infamous leaked Climate Research Unit (CRU) emails.

Other interesting revelations can be found at the following sources:

Climategate’s Phil Jones Confesses to Climate Fraud

Climategate Expert Jones Says Data Not Well Organized

Q&A: Professor Phil Jones

And then there is this stunning news. We now know why the BBC was so committed to the global warming hoax for so long, even after everyone else on the planet knew or suspected that it was a fraud. It turns out the BBC’s employee pension fund has a few billion Euros invested in carbon scams. Climate Research News reports that BBC Pension funds Linked to Climate Policy:

“The Institutional Investors Group on Climate Change (IIGCC) is a forum for collaboration on climate change for European investors. The group’s objective is to catalyse greater investment in a low carbon economy by bringing investors together to use their collective influence with companies, policymakers and investors. The group currently has over 50 members, including some of the largest pension funds and asset managers in Europe, and represents assets of around €4trillion. A full list of members is available on the membership page.”

On the members page we find:

BBC Pension Trust

IIGCC’s Objectives are:

“To encourage a pro-active approach amongst asset owners and asset managers on climate change (through adapting their own investment activities and processes) in order to enhance and preserve long-term investment values.”

“To improve company disclosure/performance on climate change (in their role as shareholders and bondholders). ”

“To encourage public policy solutions that facilitate the move to a low carbon economy and are consistent with long-term investment objectives.”

We find the following on the Professional Pensions website:

http://www.professionalpensions.com/professional-pensions/news/1440290/iigcc-calls-urgent-changes-encourage-institutional-investment

Professional Pensions | 19 May 2009 | 01:00

Categories: Investment

Carbon markets need urgent changes in order to encourage institutional investment and the development of a low-carbon economy, the Institutional Investor Group on Climate Change says.
The group is calling for strong price signals and caps on carbon emissions that will encourage scarcity and demand.

IIGCC chairman and BBC head of pensions investment Peter Dunscombe said: “The credibility of emissions trading schemes would be greatly improved with a robust price signal as well as clear and frequent communication from the regulator on trading data and improved transparency over direct government participation in schemes.”

Looks as if the BBC has its finger in the pie.

ScientistForTruth, a commenter to the story at Climate Research News said:

There is a MASSIVE conflict of interest. If you knew that your pension was being invested in enterprises that would be practically worthless if the AGW scam was exposed, do you think you would be willing to run news or articles that would expose the scam? And what if running news and articles that pumped up the value of your pension investments – would they get an airing?

Well, of course. Lots of it, too.

IIGCC chairman and BBC head of pensions investment Peter Dunscombe has also said:

“The BBC has operated since its creation in 1927 under a Royal Charter as a public corporation. The Charter decreed that the BBC’s views be entirely independent of any private or governmental influence. It is thereby required to be free from both political and commercial influence and answer only to its viewers and listeners.”

But as always, you can’t know what is really going on unless you follow the money.