Global Warming Inc - the new global tax system for fresh air. Hearth Tax 1662-1689,Window Tax 1696-1851,Carbon Dioxide Tax 2005-?
Climategate
"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"
Friday, 26 February 2010
3.9 billion Euro out of thin air
"So desperate is the EU commission to pursue its fantasy of "carbon capture and storage" (CCS) for coal-fired power stations that it is conjuring money out of thin air to kick-start the scheme – a cool €3.9 billion.Needless to say, though, there is no such thing as a free euro. The bill will eventually have to be picked up by electricity consumers throughout the EU.The magic trick being pulled off by the commission is to issue 300 million carbon "allowances", supposedly from a reserve stock, and to give them – entirely free of charge - to generators who are willing to build CCS demonstration projects. ..."
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