GNE - Genesis Energy

[Jantar]

Wow from me too!

.... If you can't do this about climate change with the overwhelming evidence available from science and scientists (not armchair experts or bought and paid for researchers) you wouldn't get my vote at an AGM based on reading comprehension and cognition alone.

And here is the issue. The public, and that includes company directors, seldom hear from the actual scientists. instead they see reports from the IPCC, or politicians, or government agencies, but never from the actual scientists. The scientific evidence is that climate change is good for NZ, and that includes Genesis.

Where directors do read the actual science, they are torn between towing the PC line and doing what is best for the company.

[bull....]

And here is the issue. The public, and that includes company directors, seldom hear from the actual scientists. instead they see reports from the IPCC, or politicians, or government agencies, but never from the actual scientists. The scientific evidence is that climate change is good for NZ, and that includes Genesis.

Where directors do read the actual science, they are torn between towing the PC line and doing what is best for the company.

and we as shareholders should ensure directors do what is best for the company

[Snoopy]

And here is the issue. The public, and that includes company directors, seldom hear from the actual scientists. instead they see reports from the IPCC, or politicians, or government agencies, but never from the actual scientists. The scientific evidence is that climate change is good for NZ, and that includes Genesis.

Where directors do read the actual science, they are torn between towing the PC line and doing what is best for the company.

What advantages are there for climate change in NZ, and for Genesis? And how do we arrange things so that we in NZ get climate change, and other parts of the world that do not benefit do not get it?

SNOOPY

[Jantar]

The first part of your question is easy. A paper currently under publication (Taylor & Bardsley, 2019) shows that as NZ has warmed that droughts in the South Island are fewer and less extreme. This was presented at the Hydrosoc conference 18 months ago. This becomes obvious if you consider that a warmer atmosphere can contain 8% more precipital moisture with each 1 deg increase in atmospheric moisture.

Another paper (Purdie & Bardsley, 2010) on seasonal forecasting showed that summer floods appear to be less likely, and McKerchar and Henderson examined the past shifts in NZ river flows with the IPO, showing less variability in more recent times compared with earlier records.

This is reflected in many other parts of the world as well. Desserts are greener in a warmer climate with a lot of research showing this effect in the Sahara. So as for warming NZ while not warming the rest of the world? I have no idea, perhaps you should ask the politicians.

[Snoopy]

The first part of your question is easy. A paper currently under publication (Taylor & Bardsley, 2019) shows that as NZ has warmed that droughts in the South Island are fewer and less extreme. This was presented at the Hydrosoc conference 18 months ago. This becomes obvious if you consider that a warmer atmosphere can contain 8% more precipital moisture with each 1 deg increase in atmospheric moisture.

Another paper (Purdie & Bardsley, 2010) on seasonal forecasting showed that summer floods appear to be less likely, and McKerchar and Henderson examined the past shifts in NZ river flows with the IPO, showing less variability in more recent times compared with earlier records.

Bardsley a bit of a pin up boy for the cause? Isn't that latest paper the one getting its public launch at the South Dunedin Town Hall?

This is reflected in many other parts of the world as well. Desserts are greener in a warmer climate with a lot of research showing this effect in the Sahara.

I admit my ice cream consumption goes up in the summer, but personally I prefer the brown liquid chocolate sauce that goes hard when it hits the ice cream. You can keep your kale sauce to yourself, even if Saharan tribesmen have unusual taste. It must be the greater population in Africa that has produced this unusual (to western eyes) worldwide trend?

Apart from the greater freezer power consumption needed to store ice cream in warmer climes, what was the benefit of climate change to Genesis Energy again?

SNOOPY

[Jaa]

The first part of your question is easy. A paper currently under publication (Taylor & Bardsley, 2019) shows that as NZ has warmed that droughts in the South Island are fewer and less extreme. This was presented at the Hydrosoc conference 18 months ago. This becomes obvious if you consider that a warmer atmosphere can contain 8% more precipital moisture with each 1 deg increase in atmospheric moisture.

Another paper (Purdie & Bardsley, 2010) on seasonal forecasting showed that summer floods appear to be less likely, and McKerchar and Henderson examined the past shifts in NZ river flows with the IPO, showing less variability in more recent times compared with earlier records.

This is reflected in many other parts of the world as well. Desserts are greener in a warmer climate with a lot of research showing this effect in the Sahara. So as for warming NZ while not warming the rest of the world? I have no idea, perhaps you should ask the politicians.

NZ's grass may grow faster with warmer temperatures IF the rain continues and IF there is no increase in pests but this is a big assumption and only one part of our economy. Trees help produce rain and there is a lot less of them in the world every year.

The impacts of climate change are uneven and disruptive/costly. A couple of examples, NZ already has climate refugees from the Pacific, it is also not great for glacier tourism or ski field operators. For a NZX example, look at Seeka's latest results, the warm dry summer led to less fruit production in NZ and Australia and a profit downgrade. Maybe NZ will be able to grow more Kiwifruit in the south island but that imposes a major cost in moving orchards and post-harvest operations.

As for Genesis, the best thing for them, the country (I like the sound of coal free NZ) and the world is to run those Rankine units on gas instead of coal. Longer term Snoopy is right, they need a lot of investment to replace their thermal generation with renewable energy. Though Tiwai Point could close instead.

[Jantar]

Bardsley a bit of a pin up boy for the cause? Isn't that latest paper the one getting its public launch at the South Dunedin Town Hall?...

No, Bardsley is an Assoc Prof at Waikato University, and as such is co-author on quite a few NZ papers. That latest paper was launched in Napier in Dec 2017.

[IAK]

[QUOTE=Beagle;758763]Isn't the purpose of having a board so that members can express their individual varying opinions so the board can come to a consensus view ? If board members who think this whole thing is bull**** are too worried about their own position to express a diverging view then God help us, political correctness will overtake the world.

Agree, unfortunately (in my experience) a lot of directors are scared of "upsetting the apple cart" for fear of risking their directorship careers. "Groupthink" is a dangerous situation for any board. https://www.leadinggovernance.com/bl...hink-boardroom

[Baa_Baa]

[QUOTE=IAK;759048]

Isn't the purpose of having a board so that members can express their individual varying opinions so the board can come to a consensus view ? If board members who think this whole thing is bull**** are too worried about their own position to express a diverging view then God help us, political correctness will overtake the world.

Agree, unfortunately (in my experience) a lot of directors are scared of "upsetting the apple cart" for fear of risking their directorship careers. "Groupthink" is a dangerous situation for any board. https://www.leadinggovernance.com/bl...hink-boardroom

You may be right, but you're both generalising, as is the anecdote that started this discussion and have no reason to suspect these undesirable characteristics are features of the GNE Board. Remember what thread you're posting on. If you've got some beef with Director behaviours in a general sense, maybe start a thread on Off-market Discussion rather than risking attribution to GNE.

[bull....]

3.12 resistance might be giving way , been held back recently compared to others.

this interesting

In October last year Genesis and Tilt Renewables announced a strategic relationship between the parties for the development of more renewable energy for the New Zealand market

https://www.nzx.com/announcements/334675

castle hill partnership?