Thursday, April 26, 2007

Financial Times: carbon permits fraud is widespread

As Willie Soon has kindly pointed out, the Financial Times have revealed that most of the transactions with carbon permits are fraudulent. Companies pay for CO2 emissions reductions that never occur while others greatly benefit.

For example, an Indian company earned 600 million USD by a trick. Russians also know what to do in this complete chaos: Gazprom will sell Brazilian credits to Europe.

This massive international fraud should stop as soon as possible and those responsible for it should be arrested. Otherwise, as the U.S. Congressional Budget Office report found out, the CO2 cap-and-trade schemes will devastate the economy, especially the poor.

By the way, the current price of the European 2007 permits is 0.64 euro, down from 30 euro one year ago by a factor of almost fifty.

Censorship and propaganda

Other climate news: the website contains a letter of 30+ modern inquisitors who demand The Great Global Warming Swindle DVD to be banned. Prof Will Alexander became another victim of a witch hunt in South Africa.

Meanwhile, USA Today reports that Al Gore is cloning himself to create what the paper calls a "global army" of about 1000 men, mostly aggressive senile fat men. Pretty scary: not even Saddam Hussein succeeded in this cloning army strategy.

200 countries

The number of countries that have visited The Reference Frame according to the counter in the sidebar has reached 200. That's well above the number of U.N. nations. While several entries are non-countries such as "Anonymous Proxy" and "Europe", we are close to saturation. A further increase of the number of nations will probably lead to a discovery of extraterrestrial aliens.

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