"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 three years now, four when we get to the end of November this year. 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"
PS: If you have arrived here on a page link, then click on the HOME link...
Sunday, 14 February 2010
Buying Thin Air
"Cash-strapped Gordon Brown is buying £60,000,000-worth of "carbon credits" for Whitehall and other government offices in the UK, as well as British Nato bases in Europe.While the rest of the country shivers in the cold, with householders wondering whether they can afford their mounting heating bills – inflated by hidden "carbon taxes" to pay for the carbon emissions produced - bureaucrats in their centrally-heated government offices can keep producing "greenhouse gasses", their emissions paid-for by British taxpayers.The details, which were not announced publicly, emerged last week on the EU's official website, announcing a contract to Barclays Capital PLC to buy the credits on behalf of the government's buying agency in Liverpool.They will be bought under the UN's Kyoto protocol "clean development mechanism" (CDM) which allows from third world countries using carbon-reducing schemes such as windfarms to sell "credits" for the carbon dioxide they save – worth approximately £12 a tonne. ....."