"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, 21 August 2011
The aristocrats cashing in on Britain's wind farm subsidies
"Growing numbers of the nobility are being tempted to build giant wind farms on their estates by the promise of tens of millions of pounds being offered green energy developers. ......The Duke of Roxburghe has angered locals – including the neighbouring Duke of Northumberland – after winning a lengthy planning and legal battle to build 48 turbines, each about 400ft high, on unspoilt moorland in the Scottish borders.Construction work began about two months ago with the building of a road 10 miles long through previously pristine countryside to reach the wind farm site. The Duke, who is worth about £100 million, will reportedly earn as much as £2.5 million a year from the deal although a spokesman, who declined to discuss the actual amount, said that figure was not accurate. One industry expert said a more realistic figure was in the order of £720,000 a year.In the course of the 25-year lifespan of the wind farm at Fallago Rig that could net the Duke anywhere between £18 million and £62.5 million. ......"