Geoengineering Series #5 – Trading Geonegineered Weather?

  Weather should never be a commodity. It has become commodity first, when agriculture started to buy the anti-hail cloud seeding, and then developed into full blown industry of weather modification companies offering methods of weather creation according to the patented methods. This is only one part of the industry; the other is trading with weather derivatives, which were the insurance policies for agriculture and events management but were further developed into weather derivatives. Trading with them is being carried out since 1997 on Chicago stock exchange CME-GLOBEX. In 2012, 8 metropoles where included in this trade, some of them European.  Since 2010, when I first peeked into this topic, there is substantial growth in this industry.  

Some history from Investopedia: »Weather derivatives slowly began trading over-the-counter in 1997. As the market for these products grew, the Chicago Mercantile Exchange (CME) introduced the first exchange-traded weather futures contracts (and corresponding options), in 1999. The CME currently lists weather derivative contracts for 24 cities in the United States, eleven in Europe, six in Canada, three in Australia and three in Japan. Most of these financial instruments track cooling degree days or heating degree days, but other products track snowfall and rainfall in at ten separate U.S. locations. The CME Hurricane Index, an innovation developed by the reinsurance industry provides contracts that are based on a formula derived from the wind speed and radius of named storms at the point of U.S. landfall.«  

CME is not the only weather derivative exchange anymore. The greed revealed on ClimateWiever looks unstoppable. In Russia, they do it since 2006, according to RT. It is done also in India. Now, the leading insurer from Japan is testing Derivative System Using Blockchain Technology, for risk transfer as it trials the technology for catastrophe and weather linked derivative transactions - earthquake insurances are going to be included, as well.  A major early pioneer in weather derivatives was Enron Corporation, through its EnronOnline unit. 

»Weather derivatives by themselves are big money gambles. They probably contribute to making it worthwhile to put planes up in the sky spraying stuff on a daily basis. If you divide 2011’s total market value ($12 billion) by the number of traded contracts (466,000), you get the average contract value which is $25,321. A matter of a few degrees on a given day or group of days could mean hundreds of thousands of dollars.« … »Because weather derivatives, energy futures and energy company revenues rise and fall depending upon temperature, the markets are related. This is why weather derivatives are often traded in conjunction with energy futures.« 

Climate Corporation- “a digital agriculture company that examines weather, soil and field data to help farmers determine potential yield-limiting factors in their fields” was established by two former Google employees, first providing weather insurance to ski resorts, large vent venues and farmers; later it was acquired by Monsanto, which was acquired by Bayer. So, it looks like weather derivatives have something in common with weather modification, which is part of geoengineering and genetically modifying plants. It’s all business. In the articles found on this it was explained that Climate Corporation provides farmers with better measurement system for the parts of their farm parcels that are most likely to be impacted by severe weather and quicker assessment of the damage, so the insurance agents don’t need to go assess it on the field. Maybe, if this business would stop at insurance than it would be acceptable, but this seems to be a combination: weather creation by atmospheric geoengineering  (that are part of experiments or not)– genetically modified plants – weather derivatives trading. First, weather is created by geoengineering experiments and methods that make conditions unsuitable for plants to thrive. It is already reported that the plants don’t grow or a dying off because geoengineering. Then the genetic engineering companies come with a patent for plants resistant to aluminum toxicity.  

Don’t get me wrong: I don’t want animals and people to starve, and plants to die off. But, natural plants do not charge us for growing anywhere they can grow. Crows and other birds and animals do not charge us for seeding trees. Insects do not charge us for pollinating. They do not make us poor or starving unless we prevent them to do what they naturally do - companies and multinationals charge for patented seeds and other technological marvels. They claim life as their own property. So, if this trend progresses and signs indicate it will progress, we can expect patents on humans, too. There are patents on cell lines, already. And, thinking that this is done to reduce poverty is pure naivety. Companies serve their owners and shareholders, and their intentions. When the companies don’t yield enough profit then they are downsized, sold, merged, acquisitioned, or go out of business and are closed down. They don’t care if anyone will be alive on the planet or for the condition the living beings and the planet are going to be in when they stop operating. 

From December on you can buy Climatecoin CO2, “which aims to improve carbon emission trading, facilitate clean energy trading, enhance climate finance flows, better tracking and reporting of greenhouse gas (GHG) emissions reduction and avoidance of double counting”… “ IBM and Energy Blockchain Lab are currently working together to develop a Blockchain platform for trading carbon assets in China.” After the token sale the Climatecoin Fundation will invest in companies that tackle climate change; one of the first three they intend to invest in is CO2 Sequestration Company that claims to be able “physically remove any organization’s or individual’s past, present and future CO2 emissions.” Will there be any left for plants? How are they going to measure what is just the right amount? To me the above mentioned Climatecoin looks like investment fund. We can read that mining uses lots of electricity, so could this be sustainable and commercially viable?  

Geoengineering is a big industry that includes aerosols producers, avian industry, research, HAARP/radar like facilities, weather modification/prediction, OTC weather derivatives trading, and now it will include blockchain tokens trading, and I don’t claim to have mentioned all of the included. The AI economy has arrived sounds the SingularityNET slogan, and it obviously has. But should we really get patented weather creation, designed by artificial intelligence (AI), as well? Or should we rather abide by the ancient laws. 

This post is part of a series in Geoengineering Series in an effort to present idea that people should start understanding that the sky and the oceans should remain intact, as well as the Earth as a whole, thus also the mainland. But, because humans can’t just dismiss all the industry and construction, and all the rest, we can’t declare the whole Earth a national park, even if we would most probably be way better off by doing so. Even if it is already some 100 years or more too late it is still worth a try. The way I see it, is to give the sky and the oceans the official status of a national park where chemical experiments with weather or anything else are not permitted and not-tolerated, including influencing tropospheric rivers by electromagnetic means. But to whom such a motion/demand in a petition form should be delivered to? 

Previous posts in geonegineering series:

 Geoengineering Series #4 - Poisoning the Garden of Eden

 Geonegineering Series #3 – Using Frequencies 

Geoengineering Series #3a – Using Frequencies (a frequencies table)

 Geoengineering Series #2 – Weather Modification Jobs 

Geoengineering Series #1 – Global Warming and Climate Change