[Shermy]

You'll like this:

"This trade is a clear indication of our confidence in the political will of European governments to continue to build on the success of the EU emissions trading scheme," said Morgan Stanley's Imtiaz Ahmad on Tuesday."

The EU trading scheme collapsed. The bubble predictably burst, and a week ago the EU reinflated it, so they hope, by imposing more carbon "caps" beyond what Kyoto called for.

Looks like they are betting on Congress to pass "cap and trade" scam. Bush will go along, all Norquist has to tell Rove to tell Bush is that it's a "market solution." That sounds conservative! /sarc

[HawaiianGecko]

ping

[sgtbono2002]

"This trade is a clear indication of our confidence in the political will of European governments to continue to build on the success of the EU emissions trading scheme," said Morgan Stanley's Imtiaz Ahmad on Tuesday

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Even they call it a trading scheme. They should be calling it a trading scam. There is nothing here to trade folks. There is no product. Buying carbon credits froma country with no industry does not cut pollution it only makes the industrial country you buy them from richer, but the greatest part of the profit will go to the brokers.

Only a retard would fall for this scam