"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 five 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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Tuesday, 15 January 2013
Wind farm contracts that will lead to higher energy bills should be re-written, says MP
" A report by MPs on the Public Accounts Committee (PAC) yesterday disclosed that households across the country face seeing their bills rise after deals worth £17 billion were agreed with energy firms delivering wind-generated power. Under the contracts, which were agreed by Ed Miliband, the Labour leader, during the last government, but implemented by the Coalition, energy companies are guaranteed an RPI inflation-linked income for 20 years even if they fail to deliver energy to households. MPs on the PAC accused ministers of failing to learn lessons from failed private finance initiatives and said the costs from the wind farm contracts would now be passed on to consumers. Ofgem, the energy watchdog, has said it will in future “refine the tender process to deliver greater efficiencies and further benefits to consumers”.