Posts Tagged ‘carbon trading’

Turbulence hits EU airline pollution scheme

Tuesday, October 4th, 2011
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Airlines face being caught up in a global trade war as opposition grows to the European Union’s controversial plan to make carriers pay for their pollution, the aviation industry’s main representative body warned on Monday.

Tony Tyler, director-general of the International Air Transport Association, told the Financial Times there was a genuine risk that countries outside the EU would take retaliatory action against the bloc’s plan to bring airlines within its carbon emissions trading scheme from January. (more…)

A dying initiative

Tuesday, February 23rd, 2010
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The Western Climate Initiative’s cap and trade market may soon need to be renamed The Canada Climate Initiative.

Until last week, the Western Climate Initiative boasted seven U.S. states and four Canadian provinces who were working toward the launch of a regional cap and trade system on Jan. 1, 2012. Last Thursday, Arizona formally announced it was backing out of cap and trade. As the state with the fastest rate of emission growth — 61% between 1990 and 2007 — many feared a body blow to Arizona’s economy if it tried to meet the initiative’s carbon reduction goals. (more…)

Follow the money: BBC exposed in biggest climate racket on planet

Saturday, February 13th, 2010

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The world is learning fast that climate pseudo-science is fraught with fraud. The best way to go to the heart of any moneymaking scam is to follow the money. Let’s go on a journey from the toilet of the United Nations to the BBC’s top floor.

For non-British readers the BBC extorts an annual compulsory license fee of £142.50 (US $200) per household via government legislation for the privilege of owning a television.

The BBC Pension Trust is worth about £8 billion while its mainstream operations are struggling to reverse an estimated £2 billion deficit as reported on last weekend by James Delingpole of the ‘Telegraph.’

The BBC’s handsome pension pot is invested in the Institutional Investors Group on Climate Change (IIGCC) alongside another 50 plus member funds. The total assets of this consortium is around €4 trillion (Euros), that in turn are invested in a larger consortium known as ‘UNEP FI’ worth about $15 trillion (US). (more…)