Stump thinking. Or is it because today’s Friday?

To summarise the story, Brookfield claimed to be net zero because of its carbon offsetting and because of what are called its avoided emissions in its renewables business.

Avoided emissions are, of course, good things. They are what are being sought. The difficulty is that you cannot both count them once on the basis of the fact that they did not happen and then count them again as emissions avoided and so offset them against the emissions that you do make, which would seem to be what Brookfield was doing. They can only count once.

But in Sustainable Cost Accounting I am going to make everyone count their Scope 1, Scope 2 and also Scope 3 emissions. And as Scope 1 emissions are what’s in the supply chain and Scope 3 is what’s emitted by the use of the product, then that means I am double counting emissions because everyone’s use and supply is part of the next bloke’s supply chain.

But this isn’t a contradiction, no, candidly, it isn’t.

22 thoughts on “Oh FFS”

  1. Dennis, Bullshit Detector

    But in Sustainable Cost Accounting I am going to make everyone count their Scope 1, Scope 2 and also Scope 3 emissions. And as Scope 1 emissions are what’s in the supply chain and Scope 3 is what’s emitted by the use of the product, then that means I am double counting emissions because everyone’s use and supply is part of the next bloke’s supply chain.

    But this isn’t a contradiction, no, candidly, it isn’t.

    Does anyone here – Timmy included – actually believe Richard Murphy has the intelligence to think this sort of thing through logically? Of course not. Anyway, Richard Murphy doesn’t give a shit about emissions. What gets his three incher revved is the idea of being in control. And for that, any old issue will do.

  2. A while back when he first started going on about sustainable cost accounting and I asked about details and how he saw it working and the answer was that he just did the ‘big ideas’ he left it to others to figure out the workings

  3. The Meissen Bison

    Dennis, BD: Richard Murphy doesn’t give a shit about emissions

    That must be true otherwise Rocco wouldn’t have auditioned him with the donkey.

  4. Dennis, Understated As Always

    A while back when he first started going on about sustainable cost accounting and I asked about details and how he saw it working and the answer was that he just did the ‘big ideas’ he left it to others to figure out the workings

    Anytime you hear someone say they’re an “ideas” person, rest assured that they couldn’t find their ass with two hands and a mirror on the best day of their life.

  5. Meanwhile the Jim Osbourne character is getting quite ratty as his bizarre pension plans continually get taken to pieces.

  6. Aaa/ Panda

    Thanks for that pseudo- link. I had to imagine that anybody guest blogging on TRUK would be an even greater imbecile than Murphy and ‘Jim Osbourne’ could be one to watch – the Heydrich to the Himmler of Ely….

  7. Another Andrew nails it brilliantly

    You are suggesting a pension fund can be stable long term whilst promising very generous DB pensions, be open to new members at fairly low contribution rates and all the while whilst having a massive deficit.

    I guess it is from someone who comments here. Obviously not John77

  8. Actually GS explodes the broadside, and Spud doesn’t even know that he has been blasted. Hilarious!

    This is one of my top Spud blog comment streams, and there have been some amazing ones

  9. p[lease address the macro issue – which is the only justification for the £55 billi9ona. year the state gives the pensions sector that I find exceptionally hards to justify when it would be much better spent on cash flow payment of pensions (so solving Jim’s conundrumn as to source of funds)

    Someone has been hitting the bottle

  10. That comment thread is pure gold. That lunatic is proposing DB pensions of 80% of earnings. It’s mental. Also mental to expect contributions of 12% Er’s / 6% Ee‘s on someone earning £25k.

    I’m surprised that Ritchie has allowed a guest blog about pensions at all given how much he hates them

  11. Jim Osborne leaves the debate

    You inhabit the world of pension management based on making “assumptions”. I have not made any assumptions whatsoever in the simple model – I have just chosen a set of values for a number of key variables. That is not using “assumptions”.

    I’m not going to make assumptions ;I’ll pull them out of my big fat arse instead

  12. I have just chosen a set of values for a number of key variables. That is not using “assumptions”.

    … and so the Drake Equation proves that we have been overrun by aliens, which must have been what provoked all those nativist bigots into lumbering us with Brexit!

  13. @Dennis & Rob
    Coincidentally (or is it?) today’s Daily Mash agrees with you:

    Ideas man

    Everyone has ideas, it’s one of the basic indications that you are a living, sentient human. This phrase is most frequently heard when the person is forced to defend a thoroughly stupid suggestion about reorganising petty cash, and will insist, ‘Look, I’m just an ideas man’. Yes you are, and they are all bad ideas.

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