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Lawrence Solomon: The $7-billion carbon scam
Financial Post ^
| December 5, 2010
| Lawrence Solomon
Posted on 12/07/2010 9:08:56 AM PST by enduserindy
Scam artists from around the world, capitalizing on lax regulations at the Danish emissions trading registry, have made off with an estimated $7-billion over the last two years, according to Europol. Denmarks Office of the Auditor General is now investigating the fraud, which occurred after the Danish registry dropped requirements that carbon traders be documented. While allowing a free-for-all served the carbon market on the short term, by appearing to inflate the interest in carbon as a commodity, it ultimately backfired when much of the trading proved to be phony.
Read more: http://opinion.financialpost.com/2010/12/05/lawrence-solomon-the-7-billion-carbon-scam/#ixzz17RgHIzXh
(Excerpt) Read more at opinion.financialpost.com ...
TOPICS: Crime/Corruption; Foreign Affairs; Government; News/Current Events
KEYWORDS: 201012; agw; cancun; cancunclimatesummit; cancunsummit; carbon; carboncredits; carbonindustry; carbontraders; carbontrading; carbontraitors; ccx; climatechange; conniehedegaard; denmark; globalwarming; hedegaard; ipcc; scams; schemes
I hope its not a double post. Here is the carbon trading manual http://probeinternational.org/library/wp-content/uploads/2010/12/Danish-Emissions-Tradung-Registry-CR-user-manual-oct-08.pdf.
To: enduserindy
To: enduserindy
Experience is a brutal teacher, but you learn. My God, do you learn. C.S. Lewis
3
posted on
12/07/2010 9:13:28 AM PST
by
QBFimi
(When gunpowder speaks, beasts listen.)
To: enduserindy
“I'm shocked, shocked to find that fraud is going on within the carbon trading scheme.”
Claude Rains if he was in modern day Copenhagen instead of 1940’s Casablanca.
4
posted on
12/07/2010 9:19:47 AM PST
by
PATRIOT1876
(The only crimes that are 100% preventable are crimes committed by illegal aliens)
To: enduserindy
I understand scam artists made a killing on the Emperor’s new clothes, too.
5
posted on
12/07/2010 10:04:00 AM PST
by
Mobties
(Let the markets work! Reduce the government footprint!)
To: enduserindy
Sounds like scamming the scammers to me.
6
posted on
12/07/2010 10:12:02 AM PST
by
Cicero
(Marcus Tullius.)
To: enduserindy
I wonder if CurrentTV will cover this?
7
posted on
12/07/2010 10:17:57 AM PST
by
SteveH
(First they ignore you. Then they laugh at you. Then they fight you. Then you win.)
To: enduserindy
The Danish Minister of Climate and Energy who oversaw the illusory growth in the carbon market, Connie Hedegaard, has since been promoted to the post of EU Climate Commissioner. She is now in Cancun, representing the EUs interests and arguing for steps that the global community needs to take for the carbon industry to regain credibility. Holy Mackerel.
8
posted on
12/07/2010 10:20:58 AM PST
by
Cicero
(Marcus Tullius.)
To: enduserindy
Connie Hedegaard, European Politician and Public Intellectual.
9
posted on
12/07/2010 10:24:02 AM PST
by
Cicero
(Marcus Tullius.)
To: enduserindy; Whenifhow; TenthAmendmentChampion; Clive; scripter; Darnright; WL-law; bamahead; ...
10
posted on
12/07/2010 10:28:10 AM PST
by
steelyourfaith
(ObamaCare Death Panels: a Final Solution to the looming Social Security crisis ?)
To: enduserindy
Pikers. They should have securitized worthless mortgages and sold them around the world.
11
posted on
12/07/2010 10:30:32 AM PST
by
Wolfie
To: PATRIOT1876
do I really have to say it???
12
posted on
12/07/2010 12:44:58 PM PST
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: Chode
13
posted on
12/17/2010 11:13:53 PM PST
by
newbie2008
(http://www.google.com/reader/shared/11513180806521029900)
To: QBFimi
no, liberal socialist morons never do learn
they just move on to the next scam pile of b.s.
14
posted on
12/17/2010 11:45:54 PM PST
by
Enchante
(12/10/10: Obama just abdicated his Presidency to Bill Clinton at the Tax Policy Press Conference!)
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