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To: Ernest_at_the_Beach
Thanks for posting that piece with all the links.

Now if you go to the link with "only 6000 EUA were sold" you will find this:

The EC [EU] won court case over stolen EUAs and as a
result, it can't be forced to release the names of the
companies which today own stolen EUAs. The
Italian company TCEI brought the case to recover its
267,991 EU carbon allowances stolen from its
account in the Italian registry. According to the
Brussels Court, the data was confidential and Italian
firm TCEI has no legitimate claim against the EU
executive to disclose the information.

Now what is that about? The EU has set up the business of selling carbon credits in such an amateurish way that a few months ago hackers managed to steal 2 million (yes, 2x 10^6) EU allowances. Other firms bought (or were given) the stolen credits, and TCEI tried to get the names of those firms who used its stolen credits from the Austrian authorities.

But no go said the Belgian court.

One can certainly wonder why the EU tries to protect the firms using stolen credits. Really only two possibilities: The EU is so worried that the market will die, that they do anything to keep it going, even allowing companies to trade with stoeln goods, or the companies who use the stolen credits have friends in very high places.

What ever the answer, it is yet another EU f**k up and a scam that everyone trading with the euroweenies ought to know about.

Some links: 400,000 stolen carbon credits used for EU targets

Italian firm asks EU court to freeze stolen carbon trading permits

EU wins court case over stolen EU carbon permits

15 posted on 06/26/2011 2:00:15 PM PDT by ScaniaBoy (Part of the Right Wing Research & Attack Machine)
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To: ScaniaBoy

Ha...thanks....


18 posted on 06/26/2011 2:05:23 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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