"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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Wednesday, 14 December 2011
Durban Agreement In Doubt Over Faltering Kyoto Protocol
"The decision of Canada to exercise its legal right to withdraw from the protocol has dealt a blow to the spirit of the Durban deal. For long, industrialised countries have been seeking abandonment of the protocol. The US, of course, never signed this agreement. Now another major carbon emitter is out of it. Russia and Japan too have opposed any extension of commitments. All this may render the protocol a dead instrument. ........The decision to withdraw from Kyoto, Kent said, would save Canada $ 14 billion in penalties for not achieving its Kyoto targets. "To meet the targets under Kyoto for 2012 would be the equivalent of either removing every car, truck, ATV, tractor, ambulance, police car and vehicle of every kind from Canadian roads or closing down the entire farming and agriculture sector and cutting heat to every home, office, hospital, factory and building in Canada," Kent said. He said he would not be surprised if other countries follow Canada in pulling out of Kyoto.