"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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Thursday, 9 May 2013
Britain can’t afford to surrender to the greens on shale gas
"Whatever the power of Big Oil in the past, it has been eclipsed by ‘Big Green’. The green lobby is in control of the Department for Energy (to the Treasury’s dismay), its objectives are enshrined in law, it dominates the EU, and it is institutionalised in Whitehall via the Climate Change Committee. These state bodies are egged on by powerful environmental NGOs, which are heavily financed by the EU (WWF receives €600,000 and Friends of the Earth Europe €1.2 million) and our government (we pay WWF £4.1 million) to create the semblance of popular support. These NGOs can deploy any uncorroborated scare story in their war against fossil fuels. ..........The green lobby has changed tack and adopted three separate arguments to put us off exploiting our shale gas potential. First it asserts that there isn’t much there anyway, and what may be there will be impossible to extract technically, economically and socially. When the PM received a briefing on shale, Cuadrilla was excluded. The select committee instead had to listen to an array of bodies from the Committee on Climate Change to the WWF — none best known for their geological expertise. We would not ask British Gas how to protect pandas, so why we are consulting WWF about shale beats me."