Banks Urging U.S. to Adopt the Trading of Emissions

NY Times ^ | September 26, 2007 | JAMES KANTER

[neverdem]

These clowns are spouting more half baked nonsense after one of the mildest summers that I can remember.

[w1andsodidwe]

Mild here in California too. Early rain. Only about 10 days over 100%. Last year we had one span of 15 days over 100.

But of course, it is now called climate change, so anything will qualify as a crisis. It is all about taxing and taxing so they can spend and spend on nonsense.

[neverdem]

The scam continues.

[chaos_5]

I bet the banks want in on this. They will bet paid per trade. GOD I hope this madness stops soon.

[Freedom_Is_Not_Free]

I’ll be happy to trade them my emissions. Right after this super-sized bowl of chili.

[hoyaloya]

I seem to rememeber reading one take on how “global warming” got started. Enron foresaw a vast market in carbon credits trading - and hired scientists to birth the mass consumption version of global warming which has been swallowed by most of the world now.

Without Enron in the way, looks like “banks” want in on it. Billions to be made there. The question - will the smart people fight it or decide to make some money off of it at the expense of the unthinking masses around the world?

[tcrlaf]

If you thought the Mortgage Crisis was bad, just WAIT until the Carbon Credit Derivitives Market collapses!

[ran20]

Sickening transparent greed and selfishness on the part of the banks.

How about asking what is best for America, instead of what can pump profits the most in the short term?

[tcrlaf]

Carbon Offset Credits:

How much do I get paid for eating a big, juicy Prime Rib?
How many months can I drive my Suburban guilt-free if I slaughter a cow?

[SIDENET]

If you thought the Mortgage Crisis was bad, just WAIT until the Carbon Credit Derivitives Market collapses!

Maybe a repeat of the Dutch Tulip Mania of the 1600s.

[devolve]

[gridlock]

Please oh please let us trade worthless and meaningless pieces of paper for big, big money! Pretty please!

Over... my... dead... body!!!

[gridlock]

As the only potential source for Carbon Credits, Russia stands to gain big in any trading scheme. They have a vast store of carbon credits because the baseline for Kyoto just happens to be just before the USSR collapsed and energy consumption dropped precipitously as the economy collapsed.

How about that! What a coinky-dink!

[BlabItGrabIt]

albore sure got rich, so why not banks?

[djxu456]

Incorrect.
Lots of countries are in on the carbon offset scam.

plants trees somewhere, claim credits
recover landfill methane, claim credits

the scams are endless

[kitkat]

***How about asking what is best for America, instead of what can pump profits the most in the short term?***

Pres. Bush refused to sign the Kyoto treaty. Unless Congress has enough votes to override his veto, we won’t be in the business of trading carbon credits with other nations.

The banks will now put pressure on the members of the House and Senate to get enough override votes. Watch to see which members start demanding such a bill, and DON’T vote for them.

By the way, Clintoon was in favor of the Kyoto treaty.

[ran20]

Makes me glad to have voted for President Bush:).

[kitkat]

***Makes me glad to have voted for President Bush:).***

Me, too. Twice.

[GeneralisimoFranciscoFranco]

I seem to rememeber reading one take on how “global warming” got started. Enron foresaw a vast market in carbon credits trading - and hired scientists to birth the mass consumption version of global warming which has been swallowed by most of the world now. Without Enron in the way, looks like “banks” want in on it. Billions to be made there. The question - will the smart people fight it or decide to make some money off of it at the expense of the unthinking masses around the world?



Uh, B.

[kitkat]

I wonder which bank Hillary has in her pocket so that she can get a large chunk of the carbon offset money.