Carbon credits the real scam

[rhonda15]

Cap-And-Trade: Al Gore's Cash Cow
By INVESTOR'S BUSINESS DAILY | Posted Wednesday, April 29, 2009

Global Warming: At the cap-and-trade hearings, it was revealed that not everyone will suffer from this growth-killing energy tax. A congresswoman wanted to know why sea levels aren't rising but Gore's bank account is.
When Gore left office in January 2001, he was said to have a net worth in the neighborhood of $2 million. A mere eight years later, estimates are that he is now worth about $100 million. It seems it's easy being green, at least for some.

<snip>
Last May, we noted that Big Al had joined the venture capital group Kleiner Perkins Caufield & Byers the previous September. On May 1, 2008, the firm announced a $500 million investment in maturing green technology firms called the Green Growth Fund.
Last Friday, Gore was the star witness at the hearings on cap-and- trade legislation before the House Energy and Commerce Committee. Blackburn asked Gore about Kleiner-Perkins, noting that at last count they "have invested about a billion dollars invested in 40 companies that are going to benefit from cap-and-trade legislation that we are discussing here today."
Blackburn then asked the $100 million question: "Is that something that you are going to personally benefit from?" Gore gave the stock answer that "the transition to a green economy is good for our economy and good for all of us, and I have invested in it but every penny that I have made I have put right into a nonprofit, the Alliance for Climate Protection, to spread awareness of why we have to take on this challenge."
Last May, we also noted that on March 1, Gore, while speaking at a conference in Monterey, Calif., admitted to having "a stake" in a number of green investments that he recommended attendees put money in rather than "subprime carbon assets" such as tar sands and shale oil.
He also is co-founder of Generation Investment Management, which sells carbon offsets that allow rich polluters to continue with a clear conscience. It's a scheme that will make traders of this new commodity rich and Bernie Madoff look like a pickpocket. The other founder is former Goldman Sachs partner David Blood.
As Stephen Milloy, author of "Green Hell," points out, Goldman Sachs is lobbying for climate change legislation and is part owner of the Chicago Climate Exchange, where carbon credits from cap and trade would be traded.
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Cap-And-Trade: Al Gore's Cash Cow

So there you have it Goldman Sachs lobbying for climate change and Al Gores expanding bank balance, as ever watch what they do and not what they say.

*credit goes to greenbear over at propertypin for this*

[MsAnneThrope]

When you see the Rothschild family throwing a lot of their eggs into the carbon credit basket you know this is massive business - estimated to be worth $150bn by 2012, and growing. From what I can see, the main players in this business have about as much environmental interest in climate change as I do in the reproductive habits of woodlice.

The whole structure of it stinks. Bottom line is pollute all you like as long as you can afford to pay a few penalties.



While €150bn is a lot of money (ask Brian Lenihan) it is a fraction of world trade. Personally I think it is a giant scam. But just try stop those who will try and tell you otherwise.

I'm with these guys on the subject...

*Global warmers predict that global warming is coming, and our emissions are to blame. They do that to keep us worried about our role in the whole thing. If we aren't worried and guilty, we might not pay their salaries. It's that simple. Nobel Prize Winner For Chemistry, Kary Mullis

* “[Promoters of climate fear] want to make money. Billions of dollars are being funneled into research...I feel mans’ influence on climate is a micro influence. Nature has a tendency to balance itself on a macro scale....Extreme weather events happen. Quit spinning research to foster monetary and political agendas. That's dishonest science." Al Lipson, meteorologist and former lead forecaster at the Weather Channel and Accuweather

* And my opinion is that there is absolutely no proof that carbon dioxide is anything to do with any impending catastrophe. The science has, quite simply, gone awry. In fact, it’s not even science any more, it’s anti-science. Professor David Bellamy

* The suggestion that future hazardous climate events could in any way be mitigated by the control of carbon dioxide emissions is absurdity in the extreme. William Kininmonth, Emeritus head of Australia’s National Climate Centre

* Carbon dioxide is not even a little bit bad. It is wholly beneficial…There are no deleterious consequences of higher atmospheric carbon dioxide levels. Higher atmospheric carbon dioxide levels are wholly beneficial. Dr. David Archibald

* Compared to solar magnetic fields, however, the carbon dioxide production has as much influence on climate as a flea has on the weight of an elephant. Dr. Oliver K Manuel, University of Missouri

* The world has spent $50 billion on global warming since 1990, and we have not found any actual evidence that carbon emissions causes global warming. Dr. David Evans

* Carbon dioxide and the greenhouse gases are, by comparison [with the sun and the oceans], the equivalent of a few farts in a hurricane. Dr. Martin Hertzberg

* CO2 hysteria is the product of politicians, silly journalists and ignorant "green people". It is very regrettable. Leonid Klyashtorin, Russian Scientist (2008 Letter to Dr. Walter Starck)

* I am a skeptic. … Global warming has become a new religion. Ivar Giaever, Nobel Prize winner

“The Kyoto protocol was a political agreement. It was not based on science.” Harlan Watson, U.S. negotiator at UN Climate Change convention

More great quotes here

[rhonda15]

[ame="http://www.youtube.com/watch?v=cZZ4lFgAQ44&feature="]YouTube - Al Gore Is Really Seeing Green Promoting "Global Warming" Scare !!![/ame]

[rhonda15]

[ame=http://www.youtube.com/watch?v=eQsIBtwUh6Q&feature=]YouTube - Cap and Trade: It's an Energy Tax[/ame]

[MsAnneThrope]

And people think the Anglo Irish and other banking & developer bailouts in this country will hurt their pockets? They'll be in the tuppence-ha'penny place compared to these scam taxes if they are ever allowed take hold here.

Between 10-20% of your income soon to evaporate into a cloud of CO2 gas, while Cullen takes a helicopter to the racetrack and Harney the LearJet for a lunch in Galway.

[amblincork]

I have raised the issue of how dirty fossil fuel industries are availing of the volatility of the carbon credit market to effectively subsidise dirty industries on several threads but there has been little or no response.
Green members despite their oft proclaimed interst in the environment seem least intersted in discussing this issue.

[lostexpectation]

going on about on al gore takes from focus how corporations can manipulate these credits.

[youngdan]

I have raised the issue of how dirty fossil fuel industries are availing of the volatility of the carbon credit market to effectively subsidise dirty industries on several threads but there has been little or no response.
Green members despite their oft proclaimed interst in the environment seem least intersted in discussing this issue.

Could it be possible that those who are genuinely interested in stoping outright pollution must now muzzle themselves. Their party is in power(great power because the government depends on them) but they can see that the shafters at the top are Me Feiners. So they shut their mouth and toe the party line or else they recognise that they have been taken for suckers and leave the party.

It is not easy to admit to having been had.

[MM FF]

damn greens

[powderfinger]

damn greens

Gang greens.