Posted on 12/11/2009 9:34:26 AM PST by BeAllYouCanBe
NEW YORK A story emerging out of Britain suggests "follow the money" may explain the enthusiasm of the United Nations to pursue caps on carbon emissions, despite doubts surfacing in the scientific community about the validity of the underlying global warming hypothesis. A Mumbai-based Indian multinational conglomerate with business ties to Rajendra K. Pachauri, the chairman since 2002 of the U.N. Intergovernmental Panel on Climate Change, or IPCC, stands to make several hundred million dollars in European Union carbon credits simply by closing a steel production facility in Britain with the loss of 1,700 jobs. The Tata Group headquartered in Mumbai anticipates receiving windfall profits of up to nearly $2 billion from closing the Corus Redcar steelmaking plant in Britain, with about half of the savings expected to result from cashing in on carbon credits granted the steelmaker by the European Union under the EU's emissions trading scheme, or ETS.
(Excerpt) Read more at wnd.com ...
During the Saddam Hussein years if was the ‘Food for oil’ scandal the UN was in up to their neck.
Now it is the ‘Cash for Carbon’ scam the new elites at the uN have cooked up!!! Will it never end?
I’m shocked! Who would’ve thought this would happen? Next you’ll be telling me Al Gore is making money off of this scam.
Of course... With these greedy liberal socialist scumbags it's ALWAYS about the money.
Other peoples' money.
During the Saddam Hussein years if was the ‘Food for oil’ scandal the UN was in up to their neck.
Now it is the ‘Cash for Carbon’ scam the new elites at the uN have cooked up!!! Will it never end?
I am sure we will hear that it isn't this guy's wonderful altruistic loving socialist side that works for the pure-motived UN, but the evil corporate entity he works for made him do it - because corporations are evil.
You did miss all of the UN sex scandals but hey we all can't be perfect when you are saving the world.
Let’s hope and try to achive the objective as you illustrate!
Caught with hand in cookie jar ping!
“Caught with hand in cookie jar ping!”
Doesn’t seem to matter though, does it?? Climate Guru Al Gore’s been caught long ago, but it didn’t stop him.
With Gore it is always follow the money
The Inconvenient Truth Al Gore Hopes You Forget!
[snip]
First question: Why didnt he do anything to try to save the environment during his 8 years as Vice President and how many years as a senator?
Some say the Vice President has no power, cant make policy, blah, blah.
Next question: Then why was he able to pull off selling one of our few oil reserves at Elk Hills in California to his big oil buddies at the expense of the environment and fuel reserves. This story was widely reported, but that was 10 years ago. How soon we forget.
http://www.corpwatch.org/article.php?id=468
[snip]Occidentals planned drilling of the Elk Hills doesnt only threaten the memory of the Kitanemuk [Indian tribe}. Environmentalists say a rare species of fox, lizard and the kangaroo rat would also be threatened by Oxys plans. A lawsuit has been filed under the Endangered Species Act. But none of that has given pause to Occidental or the politician who helped engineer the sale of the drilling rights to the federally-owned Elk Hills. That politician is Al Gore.
Gore recommended that the Elk Hills be sold as part of his 1995 Reinventing Government National Performance Review program. Gore-confidant (and former campaign manager) Tony Cohelo served on the board of directors of the private company hired to assess the sales environmental consequences. The sale was a windfall for Oxy. Within weeks of the announced purchase Occidental stock rose ten percent.
That was good news for Gore. Despite controversy over Dick Cheneys plans to keep stock options if elected, most Americans dont know that we already have a vice president with oil company stocks. Before the Elk Hills sale, Al Gore controlled between $250,000-$500,000 of Occidental stock (he is executor of a trust that he says goes only to his mother, but will revert to him upon her death). After the sale, Gore began disclosing between $500,000 and $1 million of his significantly more valuable stock.
Nowhere is Al Gores environmental hypocrisy more glaring than when it comes to his relationship with Occidental. While on the one hand talking tough about his big oil opponents and waxing poetic about indigenous peoples in his 1992 book Earth in the Balance, the Elk Hills sale and other deals show that money has always been more important to Al Gore than ideals.
http://towncriernews.blogspot.com/search?q=al+gore+elk+hills
BTTT
Looks like it provides incentives to close businesses down, besides all of the corruption it encourages.
That Algore is a real piece of work!!
Thanks for the link. I needed this article for my argument on the local paper about the newly named cap and tax bill that Maria Cantwell is set to propose. She is calling it a cap and rebate, instead of tax, but the money is not going to the tax payer or the energy user, it is going to “green energy”.
Thanks Ernest.
BIG BUMP.
This clown is a real piece of work. Former assistant professor at NC State and by training a railway engineer. Perfect qualifications to head this global warming flim flam committee. The inmates are clearly running the asylum!
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