Unthreaded
stewgreen
From Jume 2012
UK - The pension scheme for the UK's public broadcaster BBC has awarded a £300m (€373m) mandate to Orchard Street Investment Management, transferring the assets from CBRE.
While it is understood that CBRE will retain responsibility for management of some of the 30 assets within the portfolio, Orchard Street will take over as investment manager for the mandate consisting entirely of UK sites.
BBC cuts BBC scheme cut £750m off its funding deficit plus a very high level breakdown of investment spread.
I still can't see a heavy green bias.
Show me your figures otherwise the Royal Society trumps your information.
SandyS
Campaign against Climate Change went to Warsaw. Fiona blogged about it on day one (ten days ago) at
http://www.campaigncc.org/Blog/Warsaw-story1
attracting 22 comments, mostly rude. AlecM was the only BH regular I recognised.
They haven’t blogged since. (Perhaps they walked out in disgust and are still footing it back across Europe).
geoffchambers
Nov 25, 2013 at 8:38 PM | PM Walsh.
Byron would have been 28 and at the peak of his powers in 1816, the "Year Without a Summer", which would have done a consumptive little good. Could have been the World's First Climate Cynic?
Kevin Lohse
Was Lord Byron the earliest known person skeptical of AGW?
“The English winter - ending in July to recommence in August”
(thanks to University Challenge tonight
PM
PM Walsh
Yes, the MO should just hang a sign on the door saying "Sorry, we don't know" and all go down the pub (preferably at their own expense).
They might dress it up in scientific language but EVEN IF their probabilities are true long term they are in effect admitting they don't know. In a 6-trap greyhound race if they are all 5/1 odds no-one knows which is going to win. Same with the hurricane forecast that includes virtually Min-Max for the last 10 years. The computer churning out the answer is saying DON'T KNOW loud and clear.
But:
a) The MO don't seem to realise this and shamelessly churn the forecast out anyway.
b) The recipients (who are they? They are culpable as well) don't seem to realise and accept the forecast. What possible action could you take apart from bin it!
Why has no-one picked this up? Is it all pal review again.
But it is even worse than that shambles as there is no verification that their long term percentages are remotely correct either (prepared to be corrected). And as we saw with the "donkey derby" (LOL) hurricane forecast they even managed to miss a ridiculously huge target.
So they fail both the accuracy test and the usefulness test in my book, big time.
As The Bish often says they are desperately in need of a Red Team to either get them to up their game ...or pack up and go home. I'm available (at a price!)
SimonW
Green Sand in other words 'we dunno'.
One year the seasonal precipitation forecast I saw was 33% wetter than normal, 33% drier than normal and 33% near normal. I wondered what happened to the last 1% but supposed it was in case it rained fish or frogs. Like SimonW, I'm not sure these classify as useful forecasts. Until they can demonstrate consistent accuracy they're just guessing. Last year they blamed the cold on an open Arctic. What would be the reason this year?
TinyCO2
- woman on Radio4 is talking about how her bills went up a lot after the Energy Saving Trust installed a heat pump system, so she never uses it.
- The expert says they don't save money for most customers. Best used only 24 hours a day for new small properties.
Nov 25, 2013 at 12:43 PM | Registered Commenterstewgreen
My local housing association has received some type of government grant to install a few heat pumps in some properties. It'll be interesting to hear the views of the tenants after a couple of years. I'll make a note to ask.
They have also received a grant to install solar panels on some roofs - ditto as above.
The trouble is, we have to go for a few years to see whether these bits of kit are performing as specified and/or if energy saving declines over successive years. Trying to get answers from some owners is a bit like trying to draw teeth. I am thinking too of community buildings which proudly display those meters showing how much CO2 has been saved, but things go quiet when you ask for specifics. And even if you do, because they have obtained grants to purchase the kit, any reduction in electricity is seen as a bonus, but is not compared with the return on the investment because they haven't had to shoulder the total investment (or perhaps only a small part).
Grumpy
Re SimonW & TinyCO2 and Met Office forecasts:-
Met Office see the possibility of this winter being colder (large uncertainty) and dryer (low confidence) than the 1981-2010 average:-
" Indications are that December will most likely be colder than average. For December-January-February as a whole uncertainty is quite large but below-average temperatures are more likely than above-average.Overall, the probability that the UK-mean temperature for December-January-February will fall into the coldest category is between 20 and 25% and the probability that it will fall into the warmest category is between 10 and 15% (the 1981-2010 probability for each of these categories is 20%)"
" Confidence in the forecast for precipitation across the UK over the next three months is relatively low. There is a preference for below-average precipitation during December. For the December-January-February period as a whole there is a slight signal for below-average precipitation.The probability that UK precipitation for December-January-February will fall into the driest of our five categories is around 25% and the probability that it will fall into the wettest category is around 15% (the 1981-2010 probability for each of these categories is 20%)"
Green Sand
stewgreen
I wonder why Shukman and his picture editors didn't choose this one?
http://www.flickr.com/photos/shirokazan/5315413879/
Messenger
stewgreen
stewgreen
It's actually all here,BBC Pension Report and Accounts 2013 I still can't see the green bias; and on reflection surely that type of investment strategy would leave people open to legal action?