Man Group seeks 'green' profits ( Carbon Credits )

IHT ^ | March 23, 2007

[Sender]

The carbon credit commodity market will be the next dot com bubble and Enron all rolled into one. Someday someone will wake up and say, "Hey! Show me all the research and benefits from my purchase of carbon credits. Show me the thousands of trees I planted, and show me exactly how much cleaner I have made the Earth."

And the carbon barons will quickly get one-way tickets to elsewhere, with all that carbon money safely in offshore accounts, and...no forests of trees and no measurable benefits will be found. At that point, you won't be able to sell a carbon credit for a penny.

[Reaganesque]

Al Gore is a capitalist by the way.

You sure about that? Here's some stuff from Generation Investment Management LLP, the company he co-founded:

• Sustainable development will be a primary driver of industrial and economic change over the next 50 years
• The global context for business is clearly changing—"Capitalism is at a Crossroads"
• Shareholders will be best served by companies who maximize their financial return by strategically managing their performance in this new economic, social, environmental and ethical context

Source

Poverty Penalty: As pointed out by C.K. Prahalad in his book, Fortune at the Bottom of the Pyramid, the current economic system makes it more expensive for people living in poverty to access goods and services to fulfill basic needs. Given the growing chasm between rich and poor, the current financial system disproportionately penalizes the poor. Below is an example of what Prahalad calls the ‘poverty premium’ or, perhaps more appropriately, the ‘poverty penalty'...

A capitalist system which disadvantages the poor in this way is flawed because it is based on an assumption that all poor people have an extremely high level of credit default risk. It also overlooks the fact that the poor already live a “dense life of economics” and often have a deeper sense of financial responsibility than the average person. This misconception also leaves room for companies that can operate cost-effectively to capture scale advantage in viewing the poor as able market participants rather than as victims.

Thematic Research Highlights, Pgs. 28-29

His company also states that water is a basic human right. Read the book!! Sounds Socialist to me.

[wodinoneeye]

Just another layer of middlemen to cost everyone else money.....

I Hope the Global Warming Dogmatists stew in their own waste...

[Major Matt Mason]

"While the science of global warming is quite scary, there are opportunities there."

In other words, "we know carbon credits and global warming are a scam, but we intend to make as much dough from it as is humanly possible".

[steveab]

What is a hedge funds? It a little hard to explain. CO2 is listed as the commodity. You can buy or sell the commodity even thought you don't have physical possession of that commodity. How, you can also buy or sell options tied to the commodity. An option is the right to pay a certain price for the commodity at a future date. You can "hedge your bet" by buying the commodity at set price limit your lose by selling options. The money is made between cost and selling price of the two. If you are right you a huge amount of money but if you are wrong you lose a huge amount of money.

[steveab]

You are right!!!!! And us consumer get the shift in higher prices.

[Eric Blair 2084]

Just what the heck are "carbon credits" and what are they supposed to do?............

You give them $1,000 of your hard earned money and they will buy a tree at the local nursery for $120 and plant it. It's a great scam and great work...if you can get it.

And whose company holds a boatload of stock in these Green Companies? I'll give you 3 guesses and the first two don't count. But his initials are Al Gore.

[Eric Blair 2084]

Bubble? Are you saying that Global Warming is a scam? That cant' be. It's real, it has to be real. I just read it in Sports Illustrated so I know it's true.

[airborne]

I'm selling carbon credits.

For the small sum of $1,000.00 I will not cut my lawn until July 1st, 2007.

[I got the rope]

Unless you have at least 11 million in the bank...they want let you play.

[claudiustg]

---This should be investigated by the AG immediately. Oh wait...---

Good catch!

[Moonman62]

It looks like Al is storing carbon in his cheeks.

[TigersEye]

Maybe I could make enough money investing in carbon credits to buy a Hummer? That would be nice.

[pandoraou812]

nah your truck is prolly way nicer ~P~

[Eric Blair 2084]

It looks like Al is storing carbon in his cheeks.

When the apocalypse comes he'll have plenty of fat stored up in his belly and nuts stored up in his cheeks.

[this_ol_patriot]

Stupid question: what are hedge funds?

In this case you grow a hedge and fools pay you to do it.

[TigersEye]

If I put the cost of a Hummer into it it would be. Right now it's a rusting hulk. It does have a bigger carbon footprint though.

[calcowgirl]

Bump!

[goldstategop]

Idiots! ITS SNOWING IN COLORADO! Where is the Global Warming? Scary, indeed. Muwahahahahahaha!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus