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"


PS: If you have arrived here on a page link, then click on the HOME link...

Thursday, 6 May 2010

Blowout: the real reason Rudd ditched his ETS

Andrew Bolt, Herald Sun (Australia)
"LEST anyone doubt the Rudd government’s commitment to its budget rules, it trashed its emissions trading system so that it could honour its commitment to keep spending growth below 2 per cent.Postponing the ETS does virtually nothing to improve national savings since the cash raised from auctioning permits to emit carbon dioxide into the atmosphere almost exactly matches the cash paid out in compensation. ....The ETS was the biggest single contributor to that growth. The budget update showed that outlays on compensation for climate change rose from $430m in the upcoming budget year to $4.7bn in 2011-12 and $11.8bn in the following year."
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