Set aside the issue of anthropological global warming, AGW, (more appropriately Al Gore Warming) vs. warming from natural effects like solar flares.
The "cap and trade" route has already been shown not to work and to be a political gimmick by which some people and nations get rich at the expense of others. The United Nations "Clean Development Mechanism", CDM, a provision of the Kyoto Protocol, has been exposed to be filled with accounting tricks, cheating about which projects are really saving carbon, lying about which projects are really new (additional)projects, and nations and corporations lying about emission levels.
Policing this and getting everyone to play by the same rules is all but impossible.
The only ones to benefit by the Obama Carbon Cap and Trade plan will be the likes of Al Gore, through his Generation Investment Management Corp and their significant stake in Camco International Ltd which has one of the largest carbon trading portfolios. Al Gore stands to make many millions from Obama Cap and Trade and other politicians may have similar investments set up.
The other major beneficiary of Obama Cap and Trade will be GE Corp which has placed a big bet on providing non-carbon energy systems and has already paid Obama by turning their NBC and MSNBC networks into the Obama Propaganda Networks for 2 years before the election and continuing today. GE Corp stands to make billions if Obama Cap and Trade is passed.
Meanwhile the American public will get screwed by the Obama Cap and Trade plan in the form of much higher energy costs and taxes on carbon fuels.
Tuesday, June 2, 2009
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