Posted on 11/20/2022 11:27:14 AM PST by SeekAndFind
It had been an article of faith since the 1990s when the idea of “climate reparations” was first proposed that the United States would never participate in such an extortion scheme.
Then Joe Biden got elected.
At the COP27 climate conference in Egypt, wealthy nations agreed for the first time to a framework that would pay poorer countries for “damages” that are caused by climate change. Droughts, storms, heat waves, excessive cold — all can now be itemized as part of the cost poor countries pay because rich countries are responsible for the changing climate.
Of course, storms and droughts have been occurring for millions of years in these regions, but that doesn’t matter. Once the deal is inked, the bill for “damages” will become active.
There is a small catch, however.
Wealthy nations will create a “loss and damage” fund that will provide money to countries that have suffered from climate-related “disasters” such as droughts or hurricanes, according to a draft proposal seen by Reuters. However, most of the details of the financial framework will be decided and agreed upon in 2023 at the next COP conference that will take place in Dubai.
“There is only an agreement to agree next year, which is not an agreement,” Energy and Environmental Legal Institute senior legal fellow Steve Milloy told the Daily Caller News Foundation. “This is a face-saving fake deal to keep stringing poor countries along in order to keep the Paris hoax alive.”
The point isn’t that the deal is “fake,” because eventually the loss and damage fund will become real and the United States and other nations are going to have to pay up.
(Excerpt) Read more at pjmedia.com ...
Guess who is going to be first in line with their hand out when this climate fund becomes real? The second richest nation on the planet — China — is still considered a “developing country,” meaning it would be eligible for funds from the “loss and damage fund.”
More Democrat money laundering.
Much like all foreign aid, it will only enrich the corrupt leaders and the poor won’t see a cent of it.
New Mansion ,Private Jet and Yacht sales are are about to skyrocket
When Climate is natural how do you figure out climate-related “disasters” ,LOL
I’m sure the current leader of the Central African Republic won’t pocket more than, say, 86% of the loot for himself.
None of this money will benefit American citizens, only hurt us by adding to our debt to ourselves. Some of it will enrich politicians though, so they’ve got that going for them.
It just proves they don’t care about us at all.
Which will go to the rich thugs and dictators running those nations.
NOT a dime will go to the poor.
Will the export of European luxury cars to the Third World be halted?
No!
The last I heard Congress controls the purse strings and must approve any treaty... which this sounds like. But of course, that was back in the days when the Constitution matters.
Will Pay Climate Extortion Money to Poorer Nations
Another money trail goes cold.
Biden winks
The primary beneficiaries of a socialist program are the socialist politicians. The secondary are the bureaucracies that support the program, and tertiaries are the supposed recipients. Everything after is fluff.
white guilting mostly
List of ‘Developing Countries’
https://worldpopulationreview.com/country-rankings/developing-countries
The House would have to authorize any such expenditure.
That’s not going to happen.
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