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"


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Sunday 3 July 2011

Canada dodges carbon bullet .Collapse of global cap-and-trade market vindicates Stephen Harper

Toronto Sun (Canada)
"What if they created a global cap-and-trade market in carbon dioxide emissions and nobody came?

That’s almost what’s happening now.

It underscores the wisdom of Prime Minister Stephen Harper’s refusal to be railroaded into carbon trading by the opposition parties and all the usual “green” suspects.

The international trade in carbon credits, having proven ineffective at lowering carbon dioxide emissions, while raising consumer prices and riddled with the same kind of fraud, profiteering and reckless trading practices that led to the 2008 global recession, is now suffering its final indignity. Almost no one wants to buy carbon credits, which are the stock of carbon trading markets, with each credit permitting the bearer to emit one tonne of carbon dioxide through the burning of fossil fuels. The signs of a looming collapse in carbon markets are everywhere."

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