"Carbon (Dioxide) trading is now the fastest growing commodities market on earth.....And here’s the great thing about it. Unlike traditional commodities markets, which will eventually involve delivery to someone in physical form, the carbon (dioxide) market is based on lack of delivery of an invisible substance to no-one. Since the market revolves around creating carbon (dioxide) credits, or finding carbon (dioxide) reduction projects whose benefits can then be sold to those with a surplus of emissions, it is entirely intangible." (Telegraph)
This blog has been tracking the 'Global Warming Scam' for over ten years now. There are a very large number of articles being published in blogs and more in the MSM who are waking up to the fact the public refuse to be conned any more and are objecting to the 'green madness' of governments and the artificially high price of energy. This blog will now be concentrating on the major stories as we move to the pragmatic view of 'not if, but when' and how the situation is managed back to reality. To quote Professor Lindzen, "a lot of people are going to look pretty silly"
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Tuesday, 19 January 2010
Syed Hasnain, RK Pachauri and the mystery of the non-disappearing glaciers
"As my esteemed colleague Geoffrey Lean reported yesterday, the IPCC has egg all over its face thanks to its ludicrously wrong claim that the Himalayan glaciers will have disappeared by 2035, when of course what it really meant was “Er 2350, probably, though we haven’t really got a clue. We got the story from New Scientist, which heard it in a phone call with a bloke called Syed Hasnain, and we didn’t bother to check because it suited our scaremongering cause just dandily…”
The curious case of the expanding environmental group with falling income
"When Douglas Alexander travelled to New Delhi last September to announce Britain was presenting £10 million to the Energy and Resources Institute (TERI), standing alongside him was an imposing, bearded figure. Best known for the moment when he stood with Al Gore to collect the Nobel Peace Prize, Dr Pachauri was the mastermind of the IPCC’s latest monumental report on the dangers of global warming in 2007, giving him huge prestige and influence as the world's "top climate official". Since being elected to the IPCC chairmanship five years earlier, he has been appointed to more than 20 positions, including directorships and advisory roles to major banks and investment firms.Dr Pachauri insists that the millions of dollars he receives for these posts are all paid to his Delhi-based institute and not to him personally. But during the same period he has also presided over a massive expansion of TERI’s empire.Mystery surrounds the financial affairs of the group since its annual reports do not include its accounts."