Saturday, October 25, 2025

Polaris of Enlightenment

Climeworks’ green billion-dollar venture in Iceland dismissed as a scam

The exaggerated climate crisis

Published May 27, 2025
– By Editorial Staff
Climework's activities are described as at best pointless - at worst, downright harmful.

Despite promises of groundbreaking climate solutions, Swiss carbon dioxide giant Climeworks' facility in Iceland has not only captured far less than promised – it has also emitted more carbon dioxide than it has absorbed.

Critics say the whole operation is deeply deceptive and one of many examples of scam projects created to profit from the alleged climate crisis.

Climeworks, a Swiss company that markets itself as a pioneer in direct carbon capture (DAC), has failed to achieve its targets in Iceland despite significant investment and media attention.

According to data from the verification company Puro.Earth and the company's own annual reports, Climeworks has only captured around 2,400 tons of CO₂ in Iceland since 2021 – far below the promised capacity ceiling of 12,000 tons. In addition, the company's own emissions from its operations have exceeded its capture: in 2023 alone, Climeworks emitted 1,700 tons of CO₂, significantly more than its total capture.

Climeworks' first facility, Orca, was unveiled in 2021 with a capacity of 4,000 tons of CO₂ per year. In reality, it has never even reached half that target. The larger Mammoth facility, which could capture 36,000 tons annually, has only managed to collect 105 tons after ten months of operation.

According to CEO Jan Wurzbacher, Mammoth requires 5,000–6,000 kWh per ton of CO₂ captured – a process described as extremely inefficient. To offset Iceland's total emissions (12.4 million tons in 2024), 72 terawatt hours of energy would be needed – four times the country's annual electricity production.

Professor: “A scam”

Climeworks' Icelandic subsidiary has negative equity of ISK 3.6 billion (€25 million) and is entirely dependent on funding from its parent company. The value of the Orca machine has also been written down by €1.25 million due to underperformance.

Despite this, the company has sold future carbon credits equivalent to one-third of Mammoth's planned capacity for the next 25 years – even though over 21,000 private subscribers who have paid in advance risk having to wait decades for their certificates.

Mark Z. Jacobson, professor of environmental science at Stanford University, calls the entire DAC industry a big scam and fraud.

– Direct capture is a scam, carbon capture is a scam, blue hydrogen is a scam, and electrofuel is a scam. These are all scam technologies that do nothing for the climate or air pollution.

"Semi-magical technology"

Michael de Podesta, a British pensioner who paid ISK 135,000 (€940) for 2.2 tons of CO₂ capture, expresses similar concerns in his blog, and after looking into the company more closely, he believes he has probably been scammed.

"This has all the hallmarks of a scam. There are undoubtedly a lot of highly paid people traveling the world to sell their services to large corporations to remove carbon credits in the future. They are using a semi-magical technology that doesn't work as well as expected (better known as Orca) but will work perfectly in a larger version (Mammoth)".

"I am urged to convince my friends to join the project. The answers are scarce and full of PR chatter. Climeworks' operations look like a scam and talk like one. But is it a scam? I don't know. I think it could work, but the company's answers are so opaque that it's hard to say", he continues.

He will not know for sure until 2027 whether Climeworks has actually captured the 2.2 tons of carbon dioxide he has paid for.

Millions from the US

It is also worth noting that the company has received or been promised around $800 million in public subsidies, including $625 million from the US Department of Energy and $5 million from Switzerland. Despite this, the cost per ton of CO₂ captured remains at $1,000 – ten times higher than the original target.

Due to the failures of DAC, Climeworks has now instead begun to focus on "enhanced weathering", a highly controversial method in which crushed rock is bound with CO₂. However, researchers believe that this is a sign of desperation to fulfill credits that have already been sold.

In summary, critics point out that Climeworks' operations have been characterized by exaggerated promises, technical shortcomings, and financial irresponsibility since its inception. Despite being ranked as one of the world's leading green tech companies by Time Magazine, its contribution to climate action is described as marginal at best and at worst as directly counterproductive and harmful.

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Climate alarmist Al Gore takes over struggling Stegra

The exaggerated climate crisis

Published October 23, 2025
– By Editorial Staff
The Stegra factory outside Boden, Sweden is severely delayed and facing an acute financial crisis.

The crisis deepens for Swedish-based steel company Stegra as financier Harald Mix steps down from the chairman position and his investment company Vargas Holding withdraws.The new largest owner will instead be Just Climate, a subsidiary of notorious climate activist Al Gore's environmental investment firm.

This despite the company not yet having started production and facing the risk of running out of cash within a few months

Stegra's largest owner Vargas Holding is now leaving the "climate-smart steel" project following Harald Mix's departure as board chairman. Instead, Just Climate is stepping in as the new principal owner, according to reports to Schibsted-owned Svenska Dagbladet.

Just Climate is an investment company founded by prominent activist Al Gore, and belongs to the asset management firm Generation Investment Management. Since its launch in 2021, the company has attracted approximately €1.3 billion from investors for climate projects, with Stegra being one of them.

Harald Mix will be replaced by Shaun Kingsbury, who according to reports will become the new board chairman for Stegra. However, Mix will continue to work with and advocate for the project.

— My confidence in the company remains unshaken and I will continue to support the company financially as an investor and in my work as an active board member, Harald Mix stated to Dagens Industri.

Al Gore at a World Economic Forum meeting in 2020. Photo: World Economic Forum/CC BY-NC-SA 2.0

Large pension funds behind the fund

Among the investors in Just Climate are two Swedish state-owned AP funds, Second AP Fund and Fourth AP Fund, which together manage tens of billions of euros in pension assets.

The funds' investment in Just Climate is currently estimated at approximately €55 million – a relatively modest amount compared to their total capital, but still a source of concern as the project finds itself in deep crisis.

The fact that Swedish pension money has once again been invested in a high-risk project has sparked reactions, not least after the Northvolt fiasco – a corporate collapse that cost Swedish taxpayers billions.

Financial crisis and comparison with Northvolt

Stegra has not yet begun production of fossil-free steel at the factory to be built in Boden, northern Sweden. The production start is currently postponed until the turn of 2026/2027, while both costs and debts have skyrocketed.

According to reports from Financial Times, Stegra is burning through approximately €270 million per month and risks running out of money within two months unless credit facilities are granted. Major bank Citigroup has reportedly also withdrawn from the financing.

The crisis at Stegra has been compared to the bankruptcy of battery manufacturer Northvolt earlier this year, and a source with insight says: — This is starting to look more and more like Northvolt. It's hard to see anything other than investments being written off.

If the project collapses, Swedish pension savers risk major losses once again. Among others, AMF Pension (a major Swedish pension fund) has invested €165 million in the company, and Third AP Fund is involved as an investor through private equity firm Altor – founded by Mix and Stegra's second-largest owner.

Al Gore – politician, activist and businessman

Al Gore, born March 31, 1948 in Washington D.C., served as US Vice President under Bill Clinton from 1993 to 2001. After the controversial 2000 presidential election, he devoted himself entirely to climate issues. The documentary An Inconvenient Truth (2006) made him a global climate alarmist figure, and in 2007 he shared the Nobel Peace Prize with the UN's climate panel, the IPCC.

Parallel to his activism, Gore has built up significant economic interests. He is co-founder of Generation Investment Management, a London-based investment firm focused on "sustainability", and its subsidiary Just Climate, now the largest owner in Stegra, has raised billions of euros from institutional investors, including Swedish pension funds.

Critics question whether Gore's economic involvement undermines the credibility of his activism, while supporters argue that investments in sustainable companies are necessary for the so-called green transition.

Gore is also founder of The Climate Reality Project, which works with opinion formation and education on environmental and climate issues globally. At the same time, he has established close connections to international power networks, including the World Economic Forum and other influential global economic and political platforms. This strengthens his influence, but has also raised questions about how close cooperation with major economic and political interests actually affects his role as an activist and opinion leader.

Interest in climate issues declining among young Swedish women

The exaggerated climate crisis

Published October 14, 2025
– By Editorial Staff
According to a recent report, an increasing number of young women are turning away from climate alarmist issues.

Engagement with climate issues among young women is declining sharply, according to a recent survey. Meanwhile, issues such as healthcare, education, and crime are being prioritized increasingly higher.

A recently conducted survey reveals that young Swedish women are becoming significantly less passionate about modern left-leaning values such as climate alarmism.

According to the report Youth Focus 2025, climate issues have lost ground among Sweden's young people. In 2019, 51 percent of young women considered climate the most important issue.

In this year's report, the corresponding figure has dropped to 15 percent. Among young men, engagement has fallen from 34 to 13 percent.

We don't talk much about climate, only in school, says 15-year-old Disa Magnusson in Södertälje, a city south of Stockholm, to publicly funded broadcaster SVT.

At the same time, the survey shows that young people today are more engaged in societal issues that affect their daily lives. Healthcare tops the list, followed by education and crime.

In this year's report, we see a generation that feels concern about certain societal issues and wants to act for society's benefit here and now, says Sofia Rasmussen, CEO of Rasmussen Analysis.

The same survey also demonstrates declining interest in feminism and gender equality among the country's youth.

New priorities

Several of the young women who expressed themselves in the survey report that they feel greater trust in more conservative parties. Parties that profile themselves around more traditional values, with emphasis on order and security.

This is a development that could significantly impact Sweden's future politics, especially when a generation that previously often identified with supposedly progressive left-wing values now shows a shift in interest and engagement.

Interviews with young women show that issues such as friendship, love, and high school are prioritized higher than climate.

People probably think they won't be alive then, says Disa Magnusson about why climate issues don't engage as much as before.

The survey demonstrates a clear shift toward issues perceived as more urgent and directly relevant in the daily lives of today's youth.

At the same time, interest in long-term societal problems remains, but engagement has changed both in form and expression.

About the Youth Focus Survey

Youth Focus 2025, produced for the tenth consecutive year by the King's Foundation for Young Leadership (Konungens stiftelse Ungt Ledarskap) and Rasmussen Analys, aims to highlight young people's values and attitudes and to strengthen their role in society and working life.

This year's report is based on responses from 1,280 people, of which 1,018 are young people between 15–29 years old. The survey was conducted during the period May 13–20, 2025. To enable comparisons with other age groups, the survey also collected 262 responses from people born before 1995.

This makes it possible to distinguish what is unique to the younger generation from broader societal trends, while also enabling an analysis of how older respondents perceive and describe today's youth.

Source: Youth Focus 2025

“Climate catastrophe in computer models”

The exaggerated climate crisis

Computer models warning of Gulf Stream collapse are based on incorrect assumptions about Greenland ice sheet melting. Media worsens the situation by incorrectly calling computer simulations "studies", writes Tege Tornvall.

Published September 17, 2025
– By Tege Tornvall
Photo: iStock/gorodenkoff

Much of the world's climate research is conducted using computers. Various hypothetical scenarios (sequences of events) are run with different assumptions about influencing factors. Depending on the chosen assumptions, they naturally produce different results.

Media incorrectly calls such computer runs "studies". This gives the impression that they would actually happen in reality. But they don't. They are simply assumptions. Computers calculate based on what they are fed.

A current example concerns the Atlantic's major ocean current AMOC (Atlantic Meridional Overturning Circulation). This includes the Gulf Stream, which gives western Europe a milder climate than we would otherwise have. German professor Stefan Rahmstorf and others have calculated its possible development.

The assumption is that more carbon dioxide in the atmosphere would cause Greenland's large ice sheet to melt. Based on this, computer models calculate the possible risk that the Gulf Stream would weaken or even collapse. This would likely give us a colder climate.

The computers seem to have run hot. With continued increasing CO2 levels, 70 percent of model runs show that the Gulf Stream would collapse before 2100. Even with less CO2 input, they calculate a 25 percent risk of collapse.

But the assumption itself is flawed. Partly because higher CO2 levels have marginal and logarithmically decreasing warming effects in the atmosphere. Partly because Greenland's large ice expanses have annual average temperatures of minus 20-30 degrees Celsius.

Returning researchers find their camps covered with snow and ice. The old US military base Camp Century in northwestern Greenland has been covered with 30 meters of ice since it was closed over 50 years ago.

That surrounding sea ice decreases in summer and grows in winter does not affect sea level and hardly affects currents either.

Even though some researchers warn of a weaker Gulf Stream, others do not. According to ocean researcher Léon Chafik at Stockholm University, Sweden, we should not let ourselves be frightened by speculation that the Gulf Stream will soon collapse. His colleague Frederik Schenk urges us to stop alarming about the Gulf Stream.

 

Tege Tornvall

The Church of Sweden organizes a “march of grief” for the climate

The exaggerated climate crisis

Published September 8, 2025
– By Editorial Staff
Swedish Bishop Andreas Holmberg is one of the key speakers at the left-wing political event.

The Stockholm diocese of the Church of Sweden will conduct a climate alarmist manifestation later this week where participants are encouraged to express their grief over the ongoing "climate emergency".

For many, however, the event confirms the image of a church that has abandoned its Christian core and replaced it with left-wing radical activism.

The Church of Sweden in Stockholm is inviting the public to what they describe as a grief march on September 11.

"We invite you to a march where grief over what has been lost or is being lost through the climate emergency is given space. A public manifestation and an opportunity to grieve together with others", write those responsible for the church in their press release.

The initiative comes at a time when the Church of Sweden has long been receiving harsh criticism from both conservatives and believers for becoming increasingly politicized and non-Christian.

Critics argue that the church has been infiltrated by left-wing radical forces that prioritize climate alarmism, LGBTQ issues, mass immigration and other "leftist issues" over Christian theology and faith in God.

Participants should come "dressed in mourning"

Bishop Andreas Holmberg will lead the march that goes from Nybroplan via Hötorget to St. Clara Church in Stockholm, Sweden. Participants are encouraged to come dressed in black or "mourning clothes" to manifest their climate grief.

"We walk in silence, with drums, without placards and shouts. The demands presented in the march: Listen to climate research, Live up to the Paris Agreement, Make decisions that secure peace and future for children, Act now", states the invitation.

Among the co-organizers are a number of left-wing radical or climate alarmist groups such as Grand Panthers, Greta's Elderly (Gretas Gamlingar), Grandparents For Future, Rebel Mothers (Rebellmammorna), Rebel Fathers (Rebellpapporna) and Climate Action – organizations that have previously conducted various forms of climate alarmist protests.

The Equmenia Church, PRO Stockholm County (a Swedish pensioners' organization) and the Swedish Society for Nature Conservation are also behind the event. Professor Nina Wormbs in history of technology will speak together with the bishop.

"Has nothing to do with Christianity"

For many Christians, the "climate march" confirms what they have long warned about: that the Church of Sweden has largely lost its Christian orientation and that the church's high-ranking representatives today seem to be passionate about completely different issues.

On social media, many express grief and disappointment over the development and wonder how one should actually proceed to "take back" the national church from activists and lobbyists.

"Jesus himself emphasized the difference between politics and religion. What the Swedish Church is doing has nothing to do with Christianity", states one user on X.

"Due to low voter turnout, politically extreme organizations have been able to take power in the Church of Sweden. The church's gospels have been replaced with postmodernist and nihilistic messages. Go and vote next week! Banish the activists to the political arena where they belong", argues another.

The church election takes place September 8–21 and all members of the Church of Sweden over 16 years old can vote in it.

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