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 ...
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.
Well now, that is my Rep...very good!
Dr. Wheeler gets the inside info...love the way he exposes it. ;o)
how about throwing a link to his stuff up here!
Thanks...he has some good stuff.
Jack Wheeler is the author of the Reagan Doctrine.
Interesting, thanks E for the ping!
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