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"
Wednesday, 29 June 2011
Crooked: UK's Carbon Policy Will Give Utilities £7bn Windfall
"The UK’s carbon price ‘top up’ will encourage utilities to raise electricity prices, increasing their profits by £7 billion ($11 billion), according to a report by investment bank Credit Suisse.
From April 2013, electricity generators will have to pay a top-up carbon tax on fossil fuels – initially set at £4.94 a tonne. It has been introduced by the UK government in case the EU carbon price does not increase enough to make the case for investing in lower carbon generation, such as renewables. Higher prices will bring in an extra £24 billion in revenue between 2013 and 2020, the report concludes, but only about £17 billion will end up in the public purse.
“Whilst the EU ETS [Emissions Trading System] is successfully delivering emissions reductions across the UK and Europe, so far the carbon price has not been sufficient to incentivise the required levels of new low-carbon investment,” the Department of Energy and Climate Change said last week in its latest energy policy proposal.
Credit Suisse calculates that all UK utilities stand to benefit from the measure, except for Drax Group, which operates one large coal-fired power plant.
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