"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, 26 May 2013
Revealed: The EU's great green U-turn on policy that is sending energy bills soaring across the continent
"The European Union is quietly taking steps to shred the ‘green agenda’ responsible for rocketing energy bills across the continent. It is now urging members to restore Europe’s competitiveness by ‘fracking’ for cheap natural gas from shale, instead of pushing ‘renewable’ energy subsidies which cost consumers billions of pounds. The policy shift was unveiled last week at a Brussels summit attended by David Cameron. ......The EU’s about-turn has been prompted by news that electricity prices in Europe have risen by 40 per cent since 2005, while those in the US have fallen by 10 per cent. The main reason for America’s cheap energy is its booming shale gas industry. Many EU nations – including Britain – have their own vast reserves of shale gas, but fierce opposition from green activists has stalled efforts to extract it. But after last week’s summit, EU leaders issued a statement saying ‘the supply of affordable and sustainable energy to our economies is crucial’. They added that the EU would support ‘systematic recourse to on-shore and off-shore indigenous resources’ – a reference to shale."