"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Monday, 10 December 2012
Anger at climate aid ‘blank cheque’: Ministers accused after agreeing global deal to repair ‘loss and damage’ caused by extreme weather
"But Tory critics claimed the measure would leave Britain open to paying an unlimited bill in addition to the £6bn already pledged by 2020 in climate aid. Philip Davies, MP for Shipley, said: ‘It sounds like a blank cheque and I think the Government must have taken leave of their senses. On the one hand they tell us we haven’t got any money, the country is broke. ‘And people accept that they know that, but then to internationally go spraying taxpayers money about as if it’s going out of fashion, my constituents find incredibly offensive. 'They cannot afford this largesse, the Government are going to have to start acting in the British national interest.’ ........The UK has already pledged £2.9 billion during this summit to support wind farms in Africa and greener agriculture in Colombia over the next four years, despite a lack of similar pledges from other countries. Britain and other European countries also signed up to an extension to the Kyoto Protocol agreement until 2020 although the new pact only covers a sixth of the world’s polluters - and does not require action from the biggest emitters, the US and China.
ED: Free borrowed money anyone ? ...