"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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Sunday, 10 February 2013
Money and energy are thrown to the wind
" Talk about bees clustering round a honeypot… When are we going to wake up to the extraordinary goings-on at the heart of Britain’s energy policy?
Last week, it was announced that Charles Hendry — who was, until September, the minister at the Department of Energy and Climate Change (DECC) in charge of wind farms — is to become chairman of Forewind, a consortium planning to build the world’s biggest and most lucrative wind farm in the North Sea. His predecessor, Lord Deben (formerly John Gummer), had to step down when he was made chairman of the Climate Change Committee, the hugely influential body set up under the Climate Change Act to advise DECC on Britain’s energy policy. Deben’s appointment was approved by the Commons Select Committee on Energy and Climate Change, chaired by his friend Tim Yeo, who makes more than £200,000 a year advising firms in the “low-carbon” energy sector.
........... £100 billion on up to 30,000 wind turbines, so hopelessly inefficient that they have to be given absurdly lavish subsidies. For offshore windfarms like the one planned by Mr Hendry’s firm, the subsidies amount to 200 per cent of the value of the electricity they produce.
Meanwhile, we lose five major coal-fired power stations, 7.5 gigawatts of generating capacity, next month, thanks to an EU directive. This is exactly 25 times as much as the 0.7 per cent of our power being generated yesterday afternoon by all 4,000 of our wind turbines put together. In April, thanks to the drive towards a “low-carbon” economy, we can look forward to the arrival of the carbon tax, which alone will drive up the price of electricity by billions of pounds, pushing millions more households into fuel poverty.
Truly, we are locked into an utterly crazy energy policy, for which no group of people is more responsible than those bees clustering busily round the subsidy-sweetened honeypot. We need to wake up to just how dangerous a game they are playing with our future.