[Illustrations, footnotes and references available in PDF version]
In the April/May 2009 Journal of the Chartered Insurance Institute of London, Paul Maynard and I published an article entitled Let Cool Heads Prevail, expressing grave scientific doubt about the supposed magnitude of the anthropogenic effect on global temperature, and providing substantial evidence from the published data and from the peer-reviewed literature.
Our article caught the insurance industry by surprise. Lloyds of London had publicly issued blood-curdling warnings of the climatic terrors allegedly to come. The Prince of Wales had established Climate Wise, a group of leading figures in the insurance market committed, in effect, to peddling and promulgating the scare, and to silencing all dissent. The market was sewn up. How, then, could no less an organ of academic opinion than the Journal have allowed two heretics – one of them a very senior and widely-respected in the insurance world – to publish a substantial and well-referenced paper demonstrating that the scare was scientifically baseless?