Posted on 12/05/2009 7:02:50 PM PST by IBD editorial writer
Hot air and high-minded speeches might be the most obvious emissions from the Copenhagen climate talks, skeptics say. But behind the scenes Russia will play an old card from communism's fall that could tip the odds even higher against ever meeting the summit's goals.
Russia's greenhouse gas emissions plunged in the 1990s as its economy collapsed. Moscow now sits on a potential treasure trove of unused carbon emission permits it could sell to other countries.
Those permits expire in 2012 along with the original Kyoto Treaty. Russia has signaled that it wants them rolled forward if it is going to sign on to any new agreement.
"They would have a very substantial influence on the carbon market," said Pat Michaels, senior fellow at the free market Cato Institute. "They would be the Saudi Arabia of carbon credits."
(Excerpt) Read more at investors.com ...
Carbon credits. Maybe even more worthless than the US dollar?
Dont let the MSM win this.
Show everybody you know (best ClimateGate clips):
"How conveeeeenient."
OK. Does this have any implications that the data/emails released were dome so on a Russian server?
So does Russia expect to be the dealer, in this game? Because it does seem she owns the deck. And any wonder when Sarah says DRILL - baby - DRILL, the left wee wees in their panties.
... but they won’t take Greenbacks for them.
We’ve landed in some weird, make-believe kids’ world where they buy and sell things using air with living human adults go along with the game...
Absolutely ridiculous.
As long as we can buy the carbon credits with Monopoly money, I’m cool with it.
Hard to believe that the Russians could be holding even more compromising information concerning the Climate Change Industry. But on planet ape, anything is possible.
This brings to memory the close historical ties between the Gore family and Soviet oil and coal tycoon Armand Hammer. They were in energy cahoots for many years.
http://www.wnd.com/index.php?pageId=4276
Wreck your economy badly enough with Soviet style evil and incompetence and you are supposed to get huge REWARDS from the AGW scams. That fact alone should alert people that there is something ridiculous about the whole AGW program.
The Russians are going to try to make the most off of this. BTW Russia, like China and India, is exempt from any regulations because they are considered “Third World”.
LOL You have a point.
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