"Honey Badger don't give a @#$%."
Posted on 11/09/2011 12:44:23 PM PST by Mike Darancette
, Nov. 8, 2011 /PRNewswire via COMTEX/ -- In the run-up to the international climate negotiations in Durban later this month, China has responded to efforts to ban the trading of widely discredited HFC-23 offsets by threatening to release huge amounts of the potent industrial chemical into the atmosphere unless other nations pay what amounts to a climate ransom.
China's threat comes after the European Union and other nations moved to ban HFC-23 credits from internal carbon markets in recognition of the perverse incentives created by these credits under the UN Clean Development Mechanism (CDM). The vast amounts paid for HFC-23 offsets have led factories in China and elsewhere to manufacture far more HCFC-22 and its HFC-23 by-product than necessary, just to maximize the amounts paid to destroy HFC-23 through the UN-backed carbon trading scheme.
In a shocking attempt to blackmail the international community, Xie Fei, revenue management director at the China Clean Development Mechanism Fund, threatened: "If there's no trading of [HFC-23] credits, they'll stop incinerating the gases" and vent them directly into the atmosphere. Speaking at the Carbon Forum Asia in Singapore last week, Xie Fei claimed he spoke for "almost all the big Chinese producers of HFCs who "can't bear the cost" and maintain that "they'll lose competitiveness".
(Excerpt) Read more at marketwatch.com ...
Every now and then I get a chuckle out of Chinese Chutzpah!
Call teh EPA and shut them down like they do here.
Call the EPA and shut them down like they do here.
Next, they’ll threaten to melt every city on the planet with liquid, hot magma.
The ChiComs’ Politburo meets in a hollowed out volcano.
LOL!
China has been bringing 2 new Coal Fired plants on line PER MONTH, for years now!
And...there the OLD HIGH SULPHER type coal plants!!!!
now...given that CO2 comprises less than 4% of ALL “Greenhouse Gases”, and 95% of “Greenhouse Gases” are comprised of WATER VAPOR, maybe they’re going to spray massive amounts of water into the atmosphere?
Beware of any forthcoming spikes in Chinese beer sales.....
(insert General Tzo’s Chicken joke here)
If we end up in a war with China because of Carbon Credit trading, Al Gore should probably hide out for a while.
The Chinese are smarter than most give them credit for. First they laugh at the western world’s Man Made Global Warming Religious belief. Then they capitalize on the phony trading scheme to fix the phony problem to make billions. Then the threaten to release Global Warming Greenhouse Gasses if they are not paid for the credits they are owed by scamming the system.
Brilliant. Take advantage of the phony bolony to first make money and then use as a weapon to extort more.
We are doomed. :o(
"Honey Badger don't give a @#$%."
Pei-ping
Boy, that is twisted even for the ChiComs.
Ping.
They like to make these over the top threats I think. For murdering thugs the ChiComs really are quite the drama queens.
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