'The global warming guerrillas' in the January, 6, 2010,edition of Spectator by Matt Ridley,( www.spectator.co.uk/essays/.../the-global-warming-guerrillas.thtml - )
This article concerns the dramatic rise of climate change scepticism as a result of revelations of increasing evidence of scientific fraud and 'spin' to create a false illusion of consensus among 'climate change scientists.' If the powerful appearance of consensus among scientists is discredited in public opinion, and regarded as the product of fraud and conspiracy, then a media backlash is predictable. In fact, considering the fanatically extravagant claims by extreme environmentalist activists, along with the intolerant and intimidating tactics employed to silence 'heretics', and critics, the resultant backlash may have just as extreme repercussions!
But where does this leave the fledgling EV industry? What effect will political and media disillusionment of climate change science, have on investment within the EV industry?
Will Governments, Bankers and Investors be so anxious to promote EV development, if there are no votes in a carbon free future? If environmental issues are discredited in public perception, investment dynamics will alter accordingly.
Unfortunately, most of the EV industry's best supporters have insufficient funds to support the loss of major institutional risk capital.