Rex Tillerson Under Investigation for 'Wayne Tracker' Fraud

Sources with links to the justice system in the state of New York report that Rex Tillerson, the Secretary of State, is the subject of a major criminal investigation by Eric Schneiderman, the Attorney General of New York.

Tillerson is being investigated for financial fraud during his time at Exxon Mobile, these sources say, because he used a fake name, ‘Wayne Tracker’ to attack climate change scientists that were holding Exxon to account. Exxon then said they ‘lost the emails’ in a court filing to New York State.

Eric Schneiderman is now far advanced in a criminal case against Tillerson that would involve financial fraud charges related to Exxon’s stock price. Sources specified that personal criminal charges against Tillerson himself, as well as corporate action against Exxon, are actively being pursued.

We Got Too Big for the World

Living through a collapse is a curious experience. Perhaps the most curious part is that nobody wants to admit it’s a collapse. The results of half a century of debt-fueled “growth” are becoming impossible to deny convincingly, but even as economies and certainties crumble, our appointed leaders bravely hold the line. No one wants to be the first to say the dam is cracked beyond repair.

To listen to a political leader at this moment in history is like sitting through a sermon by a priest who has lost his faith but is desperately trying not to admit it, even to himself. Watch your chosen president or prime minister mouthing tough-guy platitudes to the party faithful. Listen to them insisting in studied prose that all will be well. Study the expressions on their faces as they talk about “growth” as if it were a heathen god to be appeased by tipping another cauldron’s worth of fictional money into the mouth of a volcano.

The crisis currently playing out on the world stage is a crisis of growth. Not, as we are regularly told, a crisis caused by too little growth, but by too much of it. Banks grew so big that their collapse would have brought down the entire global economy. To prevent this, they were bailed out with huge tranches of public money, which in turn is precipitating social crises on the streets of Western nations. The European Union has grown so big, and so unaccountable, that it threatens to collapse in on itself. Corporations have grown so big that they are overwhelming democracies and building a global plutocracy to serve their own interests. The human economy as a whole has grown so big that it has been able to change the atmospheric composition of the planet and precipitate a mass-extinction event.

One man who would not have been surprised by this crisis of bigness, had he lived to see it, was Leopold Kohr. Kohr has a good claim to be the most interesting political thinker that you have never heard of. Unlike Karl Marx, he did not found a global movement or inspire revolutions. Unlike Friedrich Hayek, he did not rewrite the economic rules of the modern world. Kohr was a modest, self-deprecating man, but this was not the reason his ideas have been ignored by movers and shakers in the half-century since they were produced. They have been ignored because they do not flatter the egos of the power-hungry, be they revolutionaries or plutocrats. In fact, Kohr’s message is a direct challenge to them. “Wherever something is wrong,” he insisted, “something is too big.”

Kohr, unlike some of his utopian critics, never confused a desire for radical change with the likelihood of it actually happening. Instead, his downbeat but refreshingly honest conclusion was that, like a dying star, the gigantist global system would in the end fall in on itself, and the whole cycle of growth would begin all over again. But before it did so, “between the intellectual ice ages of great-power domination,” the world would become “little and free once more.”

Planet has just 5% chance of reaching Paris climate goal, study says

According to the University of Washington study, there is a 90% likelihood that temperatures will rise between 2C and 4.9C by 2100. This would put the world in the mid-range warming scenarios mapped out by the UN’s Intergovernmental Panel on Climate Change. It negates the most optimistic outcome as well as the worst case, which would see temperatures climb nearly 6C beyond the pre-industrial era.

Rather than look at how greenhouse gases will influence temperature, the new research analyzed the past 50 years of trends in world population, per capita gross domestic product (GDP) and carbon intensity, which is the amount of carbon dioxide emitted for each dollar of economic activity.

After building a statistical model covering a range of emissions scenarios, the researchers found that carbon intensity will be a crucial factor in future warming. Technological advances are expected to cut global carbon intensity by 90% over the course of the century, with sharp declines in China and India – two newly voracious consumers of energy. However, this decline still will not be steep enough to avoid breaching the 2C limit.