"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, 9 October 2011
How climate change zealots are wrecking every last industry this country possesses
"The Chancellor acknowledged that a decade of environmental laws had been piling unnecessary costs on households and companies, adding that Britain was not going to save the planet by putting ourselves out of business. He was referring in particular to the Climate Change Act, famously passed by the House of Commons in October 2008 by 463 votes to three, even as the snow was falling outside. By the Government's own estimate, it would cost £404 billion to implement – £760 per household every year for four decades. .....Tens of thousands have been pushed into fuel poverty. Firms that could not pass on their costs moved abroad. Huge tranches of the aluminium industry have disappeared, one major firm having moved to the Emirates in October 2009 – taking 300 workers from Anglesey who had to follow to keep their jobs. ......Particularly affected is the chemical industry, which contributes £30 million a day to the British economy. Major chemical multinationals are now looking to move production to places such as South Africa, India and China. There, under a global carbon credit scheme, we actually subsidise them by giving them credits – which they then sell back to our industries, making huge profits.
I haven't even mentioned the madness of the wind machines. Subsidies, paid for by consumers, make wind power three times more costly than the normal tariff electricity. But as the pull of the subsidies draws investment away from new conventional plants, the spectre of power cuts looms large. Caught in this vice of increasing 'green' costs and subsidised competition, the manufacturing industries which Osborne hopes will lead the UK recovery simply cannot survive."