Kate at SDA has posted a Financial Times piece that blows the lid off the carbon trading scam Al Gore and mega corporations are cashing in on:
A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place.
Others are meanwhile making big profits from carbon trading for very small expenditure and in some cases for clean-ups that they would have made anyway.
The growing political salience of environmental politics has sparked a “green gold rush”, which has seen a dramatic expansion in the number of businesses offering both companies and individuals the chance to go “carbon neutral”, offsetting their own energy use by buying carbon credits that cancel out their contribution to global warming.
The burgeoning regulated market for carbon credits is expected to more than double in size to about $68.2bn by 2010, with the unregulated voluntary sector rising to $4bn in the same period.
The FT investigation found:
News Flash: Dwight Duncan is the stupidest politician, ever. Lorrie Goldstein of the Toronto Sun has a few things to say about the dumbest thing he (and I) have ever heard a polititian saying:
WHAAAA? So, according to the brain trust running the Ontario government, spending money on the supposed "man-made global warming problem" is THE only environmental issue worth pursuing. In other words, all the money that they were going to spend in the MOE has all been appropriated for addressing what they consider the biggest environmental problem facing Ontario today - CO2 emissions. Water pollution? Who cares. Particulates and smog? No longer an issue. I am starting to believe that the global warming cultists are lunitics. These people are willing to sacrifice the economy of the country and all of the other environmental issues to fix a problem that DOES NOT EXIST!!![...]
But our winner is Dwight Duncan, Ontario's energy minister, who says Ontario's Liberal government won't install scrubbers on the smokestacks of its coal-fired electricity generating stations -- among Canada's, and North America's, worst emitters of air pollution and greenhouse gases.
As Duncan put it: "We're not going to spend $1.6 billion on technology that doesn't help climate change. That's just dumb."
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