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Kyoto & World Bank *the bookie!*
AsiaTimes ^ | Feb 26, 2005 | Daphne Wysham

Posted on 02/26/2005 1:13:20 AM PST by eluminate

Here, the World Bank saw opportunity. One leaked document exposed World Bank plans to profit handsomely by charging a 5% commission on carbon transactions in a self-appointed role as a broker between Northern and Southern governments and industries. (The commission - which the Bank now claims is merely to cover costs - will be closer to 8-10%.) With a potential market in carbon dioxide that could reach $2 billion by 2005, the World Bank noted in the leaked memo, it could quickly earn $100 million in one year - and that was just for starters.

Why is there so much support for carbon trading? Well, there is plenty of money to be made. The average citizen won't make any; instead, the very same corporations who fuel the problem - the large oil, gas, and coal companies - are among those who will profit from this trade in invisible gases. For instance, just last month, Danish power utility Energi E2 sold hundreds of thousands of dollars of the rights it had been granted free by its government to Shell Oil Company after mild temperatures kept the utility's carbon emissions below expected levels. No such free rights have been granted to ordinary Danish citizens, however.

(Excerpt) Read more at atimes.com ...


TOPICS: Business/Economy; Editorial; Extended News; Foreign Affairs; Front Page News; News/Current Events
KEYWORDS: bank; carbon; climatechange; emissions; energy; environment; extortion; globalcorruption; kyoto; protocol; trade; world
Basicly this whole Kyoto thing is one big ploy to have a Carbon exchange which feeds world bank revenues. What a crock.
1 posted on 02/26/2005 1:13:21 AM PST by eluminate
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To: eluminate

And only our President Bush saw through this scheme. God Bless him.


2 posted on 02/26/2005 1:18:42 AM PST by DISCO
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To: eluminate

Fraud based on fraud. Someone should go to jail.


3 posted on 02/26/2005 1:22:34 AM PST by Waco
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To: DISCO
And only our President Bush saw through this scheme.

I think not, however he was the only person of power to see through it while being in a position to take action with a willingness to do so against this scheme.

4 posted on 02/26/2005 1:28:52 AM PST by EGPWS
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To: eluminate

What a skim for the useless eaters over at the World Bank. There is not a large market in carbon credits trading. It could be handled by one server computer in my closet hosting an eBay type site, which would also mean transparent transactions.


5 posted on 02/26/2005 1:31:00 AM PST by dennisw (Seeing as how this is a .44 magnum, the most powerful handgun in the world .........)
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To: eluminate
Just what the world needs, another layer of useless bureaucracy to rip people off through higher prices and taxes.
6 posted on 02/26/2005 1:35:46 AM PST by John Lenin
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To: John Lenin
After read the whole article and after a retch, it's the same old Lefty screed, becoming evermore shrill and tiresome and resulting in evermore damage.
Kyoto good...but not so good because brokering Kyoto Credits is nothing than a scam by the World Bank and other capitalist tools...but the real culprit is of course the USA and BUSH, bushy Bush. Not even a mention of China's Kyoto-NO. No logic involved, unless the whole point is Anarchism/Chaos/Self-destruction.
7 posted on 02/26/2005 2:29:43 AM PST by iopscusa (El Vaquero.)
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To: eluminate

Man, I just burped six bucks worth of carbon, what a waste.


8 posted on 02/26/2005 2:36:23 AM PST by this_ol_patriot
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To: John Lenin
But the transfer of billions of dollars for carbon credits, and the skimming of hundreds of millions of dollars by the World bank just proves that less carbons will be emitted into the atmosphere. /sarcasm

I've been meaning to read that book that shows that the warming of the seas is all a natural phenomenon and part of weather cycles. With the global warming and gashouse effect people trying to tell us is that humans are causing this, when this phenomenon has occurred in the earth's history before humans were even here.

There must be people at the UN who do nothing but think up ways to scam more money out of the US. Hire a few junk scientists, have them explain that natural earth processes are the US' fault and voila, sit back and watch the bucks roll in. Sorry Kofi. You and Kojo don't get to line your pockets at the expense of the US this time.

9 posted on 02/26/2005 2:42:30 AM PST by libs_kma (USA: The land of the Free....Because of the Brave!)
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To: libs_kma


10 posted on 02/26/2005 4:00:35 AM PST by ETERNAL WARMING (We have the best politicians corporate money can buy)
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To: eluminate

Both bookies and Mafia shylocks call it 'the vig' as in vigorish.


11 posted on 02/26/2005 7:19:08 AM PST by wildbill
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To: eluminate

What is that stench I smell?


12 posted on 02/26/2005 7:37:30 AM PST by Chgogal
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To: dennisw
**The Japanese steel industry plans to clear its Kyoto Protocol obligations by acquiring emissions credits in exchange for providing China with technological know-how***

***European Union ambitions to start trading in carbon dioxide (CO2) emissions next year to help meet targets under the UN's global warming pact cleared an important hurdle in Brussels on Wednesday, the European Commission said.***

Daphne Wysham says the ‘poor’ will not benefit, will actually be hurt….. Ellen Wilson of Future Harvest, feels the ‘poor’ will benefit. There are many arguments about the green house gases and global warming but all boil down to the time honored maximum ”Follow The Money!”

Google is your friend!

13 posted on 02/26/2005 8:06:22 AM PST by yoe
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To: eluminate; Grampa Dave; Boot Hill; snopercod; Carry_Okie; Robert357; Dog Gone; SierraWasp
Carbon Credits are a money making scheme.

Tide turns on the green-mongers

Ice Is Melting Everywhere

This is a real dream piece to attack, full of easily refuted claims.

14 posted on 02/26/2005 9:08:36 AM PST by Ernest_at_the_Beach (This tagline no longer operative....floated away in the flood of 2005 ,)
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To: farmfriend; SunkenCiv; UCANSEE2; Libertarianize the GOP; RadioAstronomer

Bigger than the Oil for Food?


15 posted on 02/26/2005 9:11:57 AM PST by Ernest_at_the_Beach (This tagline no longer operative....floated away in the flood of 2005 ,)
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To: eluminate

Also, this would have been the UN's stealth wealth tax on Americans and American corporations.


16 posted on 02/26/2005 9:33:35 AM PST by Grampa Dave (The MSM has been a WMD, Weapon of Mass Disinformation for the Rats for at least 4 decades.)
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To: Ernest_at_the_Beach

My wife is now reading Michael Crichton's new book, "State of Fear"!

I heard her laughing about every 10 to 15 minutes this past week while reading the book. I asked her why she was laughing.

She said "You and our oldest son could written this book. You will not believe how many of your and his rants the past decades are in this book."

Needless to say I will be reading it when she finishes it. Our son bought the book, read it and gave it to her. He said don't let Dad read this first or he will tell you all week, "I told you about these damn Watermelons!"


17 posted on 02/26/2005 9:42:10 AM PST by Grampa Dave (The MSM has been a WMD, Weapon of Mass Disinformation for the Rats for at least 4 decades.)
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To: Grampa Dave

"I told you so", feels so good!!!!


18 posted on 02/26/2005 10:04:28 AM PST by Ernest_at_the_Beach (This tagline no longer operative....floated away in the flood of 2005 ,)
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To: yoe

green house gases ....... One big scam. Temperatures may rise 4 degrees at the most which means nothing. Meanwhile China and India are mostly exempt from Kyoto since they are developing nations. The same China that's trying to lock up oil from the same nations it's trying to turn against us such as Venezuela and Iran


19 posted on 02/26/2005 10:47:49 AM PST by dennisw (Seeing as how this is a .44 magnum, the most powerful handgun in the world .........)
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To: Ernest_at_the_Beach
Don't you know that the primary purpose of government is to rig the system so that a steady flow of money is directed into your friends pockets? See Keyword extortion.
20 posted on 02/26/2005 10:52:49 AM PST by Libertarianize the GOP (Make all taxes truly voluntary)
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To: eluminate
THE TRILLION DOLLAR SCAM: Kyoto leaves Oil-for-Food in the dust
Dr. Jack Wheeler
Thursday, February 17, 2005

One of the busiest guys on Capitol for the next six months will be Dana Rohrabacher (R-CA), whom House International Relations Chairman Henry Hyde and House Majority Leader Tom DeLay have put in charge of the new subcommittee on Investigations and Oversight.

Dana’s assignment: Expose the entire slimy mess of the UN Oil-for-Food scandal and feed it to the fishes. Doing so will be rewarding for Dana – and frustrating at the same time. For only when his committee is finished gutting Oil-for-Food can he turn to a scandal that leaves it in the dust – the multi-trillion dollar scam of the Kyoto Global Warming Treaty.

At the heart of Kyoto is criminally-prosecutable research fraud. This fraud has been used to try and scam hundreds of billions of dollars a year from you and me and all Americans, to try and irreparably damage our economy. The global warming industry is a criminal enterprise, and criminally insane to boot.

21 posted on 02/26/2005 11:01:34 AM PST by shield (The Greatest Scientific Discoveries of the Century Reveal God!!!! by Dr. H. Ross, Astrophysicist)
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To: shield; Grampa Dave

Well now, that is my Rep...very good!


22 posted on 02/26/2005 11:28:00 AM PST by Ernest_at_the_Beach (This tagline no longer operative....floated away in the flood of 2005 ,)
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To: Ernest_at_the_Beach

Dr. Wheeler gets the inside info...love the way he exposes it. ;o)


23 posted on 02/26/2005 11:42:30 AM PST by shield (The Greatest Scientific Discoveries of the Century Reveal God!!!! by Dr. H. Ross, Astrophysicist)
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To: shield

how about throwing a link to his stuff up here!


24 posted on 02/26/2005 11:48:48 AM PST by Ernest_at_the_Beach (This tagline no longer operative....floated away in the flood of 2005 ,)
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To: Ernest_at_the_Beach

http://www.tothepointnews.com/


25 posted on 02/26/2005 11:58:35 AM PST by shield (The Greatest Scientific Discoveries of the Century Reveal God!!!! by Dr. H. Ross, Astrophysicist)
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To: shield

Thanks...he has some good stuff.


26 posted on 02/26/2005 12:05:58 PM PST by Ernest_at_the_Beach (This tagline no longer operative....floated away in the flood of 2005 ,)
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To: Ernest_at_the_Beach

Jack Wheeler is the author of the Reagan Doctrine.


27 posted on 02/26/2005 12:19:35 PM PST by shield (The Greatest Scientific Discoveries of the Century Reveal God!!!! by Dr. H. Ross, Astrophysicist)
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To: Ernest_at_the_Beach

Interesting, thanks E for the ping!


28 posted on 02/26/2005 3:05:49 PM PST by SunkenCiv (last updated my FreeRepublic profile on Sunday, February 20, 2005.)
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