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...

Tuesday, 29 March 2011

Osborne tosses £3bn gift to the green elite

The Register
"Last week, Chancellor George Osborne announced a new body that would make loans and issue debt. In a harkback to the 1970s, poorly performing and deeply unprofitable businesses will be the beneficiaries – and investors in them will be rewarded for their poor judgement. So much for moral hazard. ......The body bailing out the basket-cases is a "Green Investment Bank", and the remit was written largely by a group of bankers themselves, called the Green Investment Bank Commission. Led by Bob Wigley, formerly head of Merrill Lynch's European investment side, the Commission included executives of Goldman Sachs, Citibank, and management consultancies Logica and the Oliver Wyman Group. The Commission reported last June, and saw an ambitious role for the new quango:"
-----------------------------

George Osborne's New Eco-Bullingdon Club (Telegraph)
"What I seriously doubt though, is whether anyone could think of a worse way of spending £3 billion, than on the grotesque and pointless quango that is the Green Investment Bank headed by Bob Wigley.

The point to note about the Green Investment Bank is that it is based on one massive lie, promulgated by everyone from David Cameron to Chris Huhne to Greg Barker to every other two-bit chancer who wants to get on the Coalition, viz: that green investments and green jobs are the future. "
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)