"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Saturday, 26 December 2015
Where is the due diligence on 600 billion dollars invested in “decarbonisation”?
Michael Kile expands on the little conflict of interest in the UN’s decarbonisation mission
It seems the UN is co-founding groups for money managers to get large funds to “decarbonize”. That’s code for chiseling investments out of coal and forcing them into the pointless, inefficient and uncompetitive “renewables”. But of course, renewables are only worth investing in if governments keep demanding people use them. If the darn voters vote muck it up, by voting for leaders who will stop wasting their money, the renewables industry is a dead dog. So the UN project (which is probably funded by taxpayers) aims to remove the risk for investors by lobbying governments to keep the regulations friendly to green investors (and not so much to taxpayers).
For the Green Machine, “due diligence” means putting the risks onto the taxpayer and citizen. For the free market, “due diligence” means assessing the scientific credibility of those who say they can control the weather. What are the odds that the debate can be kept out of the mainstream media, and this bizarre meme (man-made global warming) will still be running in a few decades? The risk is that voters will get sick of being called names for asking good questions, and they chuck out the gullible fools and parasites. How long has the Golden Gravy Train got?"