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The wheels come of the Carbon Credits scam
Wall Street Journal ^ | 7/23 | Wil H

Posted on 07/23/2008 11:42:04 AM PDT by Wil H

A whole new industry is springing up that will dwarf Al Gore's ripping off of the population through Global Warming.

Companies are figuring out how to work the ridiculous "Carbon Credits" debacle to make big bucks.

Rhodia, is a French Company, makes adipic acid which is a chemical used in the production of nylon. They have moved their operation to South Korea and Brazil. Why?

A by-product of their manufacturing process is the creation of nitrous oxide, a greenhouse gas that is over 300 times more potent as an atmospheric warming agent than carbon dioxide. Rhodia destroys the nitrous oxide after it has been created and then claims carbon credit reimbursement for the green house gasses it has eradicated.

Rhodia, makes more money from this scam than they do from their primary business, They are raking in around a three hundred million dollars a year - more money than the whole of Africa is from Carbon credit reimbursements!

Others will soon jump on this gravy train (that we will soon be funding if the Dems have their way) and a whole industry of how to leverage the system is sprouting up even as we speak.

Read the article at http://blogs.wsj.com/environmentalcapital/2008/07/23/laughing-gas-how-to-game-the-carbon-markets/

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: agw; carboncredits; carboncult; climatechange; environment; enviroprofiteering; globalwarming; greenreligion; ipcc; rhodia
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1 posted on 07/23/2008 11:42:05 AM PDT by Wil H
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To: Wil H; According2RecentPollsAirIsGood; TenthAmendmentChampion; Horusra; CygnusXI; Entrepreneur; ...
 




Beam me to Planet Gore !

2 posted on 07/23/2008 11:43:07 AM PDT by steelyourfaith
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To: Wil H
of=off?
3 posted on 07/23/2008 11:43:23 AM PDT by skinkinthegrass (If you aren't "advancing" your arguments,your losing "the battle of Ideas"...libs,hates the facts 8^)
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To: Wil H

I thought ponzi schemes like “carbon credits” were illegal.


4 posted on 07/23/2008 11:45:18 AM PDT by Liberty Valance (Keep a simple manner for a happy life :o)
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To: All

Its called Cap and Trade, and the Democrats in Congress, who are also holding up drilling, are trying the pass this Carbon Emissions bill and it will hit everyone in this country, at every level. If the Dims can find another way to squeeze blood out of a turnip, they will, and all Americans are the turnip!!


5 posted on 07/23/2008 11:46:42 AM PDT by cousair
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To: steelyourfaith

There are so many ways to game this.


6 posted on 07/23/2008 11:52:52 AM PDT by Shermy ( Flobots, Handlebars, if that record isn't about Obama, who?)
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To: Wil H
You got to tell them. Carbon Offsets is People!!!


7 posted on 07/23/2008 11:53:07 AM PDT by Always Right (Was it over when the Germans bombed Pearl Harbor?)
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To: Wil H
How ironic. Claiming carbon credits for destroying a compound that has no carbon in it. Did I say ironic? I should have said moronic.
8 posted on 07/23/2008 11:54:55 AM PDT by According2RecentPollsAirIsGood
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To: Wil H; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; honolulugal; SideoutFred; Ole Okie; ...

Carbon Scam Ping - (POGW)

9 posted on 07/23/2008 11:56:48 AM PDT by xcamel (Being on the wrong track means the unintended consequences express train doesnt kill you going by)
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To: Wil H

How about luggage weight credit for airline baggage? If a passenger is underweight in luggage (or has only carryon or one bag) then they should be allowed to sell the weight credit and the airlines should be algore forced to accept it.

(I still want dessert credits. If I buy the dessert credit from someone who did not eat their dessert, I will get a guaranteed no fat sweets credit.)


10 posted on 07/23/2008 11:58:29 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Wil H
I bet it's tough working there.  With all the nitrous oxide around the place must be the laughing all the timem.
11 posted on 07/23/2008 12:05:01 PM PDT by HawaiianGecko (Obama at the Brandenburg gate: "Ich bin ein Beginner")
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To: Wil H

Something went wrong with your post. The article title is, “Laughing Gas: How To Game the Carbon Markets” and it is by one Keith Johnson, not Wil H


12 posted on 07/23/2008 12:05:21 PM PDT by decimon
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To: Wil H

SCAMMER!


13 posted on 07/23/2008 12:06:04 PM PDT by A. Morgan (VOTE FOR A LIBERAL N' WE'LL BE UP TO OUR NECKS IN ILLEGALS and OUTA' GAS!)
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To: longtermmemmory

What about no luggage at all? Trouble is that tends to raise eyebrows with the TSA and you get a spanish inquisition...which of course no one expects.


14 posted on 07/23/2008 12:06:23 PM PDT by xp38
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To: HawaiianGecko

Laughing all the way to the bank!


15 posted on 07/23/2008 12:07:28 PM PDT by ClearCase_guy (Et si omnes ego non)
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To: Wil H

Step one of Gore’s proposed plan of action calls for the federal government to establish a “carbon-offsets” reserve. The reserve, modeled on the “Strategic Petroleum Reserve,” would have the government purchase carbon-offset certificates from Generation Investment Management, a London-based company with offices in Washington, D.C., and store them in underground vaults for later use.

The former VP dismissed critics’ complaints that the plan is “self-serving” (Gore is the chairman of Generation Investment Management). “This is no time for finger pointing or arguing about the cost,” Gore insisted. “The American people must make sacrifices if I am to save the nation and the planet.”

Senator Obama praised Gore’s “vision,” promising to name him “Environmental Czar” and incorporate his proposal into a comprehensive energy/environmental plan once he is elected president.

read more...

http://www.azconservative.org/Semmens1.htm


16 posted on 07/23/2008 12:08:54 PM PDT by John Semmens
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To: Shermy

I would really like to plant a whole bunch of trees on my property. Is there someone who will pay me to do it?


17 posted on 07/23/2008 12:09:23 PM PDT by the_devils_advocate_666
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To: steelyourfaith

* Make all “carbon credit” scams unlawful. Discrediting Algore should have been a slam-dunk a long time ago. Stop electing Reps who buy into the Global Warming / Global Cooling / Climate Change Hoax. CO2 is not our enemy!


18 posted on 07/23/2008 12:09:53 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: the_devils_advocate_666

I would like to neglect the lawn so the grass grows 4 feet high. You suppose I could get somebody to pay me to sit on my butt on the weekend?

Sorry, Honey! I can’t mow the lawn! I already sold the Carbon Credits!


19 posted on 07/23/2008 12:12:36 PM PDT by gridlock (IT'S AN OIL ECONOMY, STUPID!.......................................................(FREE LAZAMATAZ!))
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To: the_devils_advocate_666

There are government forestry programs that do this. I am unsure if the landowner has to pay for something for this, but the more acerage, the better. They bring in crews with machines and plant by the acre. However, the people I know who have done this mention that it is largely evergreens, which emit terpenes.


20 posted on 07/23/2008 12:18:34 PM PDT by reformedliberal (Capitalism is what happens when governments get out of the way.)
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