Posted on 07/23/2008 11:42:04 AM PDT by Wil H
A whole new industry is springing up that will dwarf Al Gore's ripping off of the population through Global Warming.
Companies are figuring out how to work the ridiculous "Carbon Credits" debacle to make big bucks.
Rhodia, is a French Company, makes adipic acid which is a chemical used in the production of nylon. They have moved their operation to South Korea and Brazil. Why?
A by-product of their manufacturing process is the creation of nitrous oxide, a greenhouse gas that is over 300 times more potent as an atmospheric warming agent than carbon dioxide. Rhodia destroys the nitrous oxide after it has been created and then claims carbon credit reimbursement for the green house gasses it has eradicated.
Rhodia, makes more money from this scam than they do from their primary business, They are raking in around a three hundred million dollars a year - more money than the whole of Africa is from Carbon credit reimbursements!
Others will soon jump on this gravy train (that we will soon be funding if the Dems have their way) and a whole industry of how to leverage the system is sprouting up even as we speak.
Read the article at http://blogs.wsj.com/environmentalcapital/2008/07/23/laughing-gas-how-to-game-the-carbon-markets/
(Excerpt) Read more at blogs.wsj.com ...
I’m going to build a factory whose sole purpose is to create CO2. Then I’m going to get paid carbon credits to NOT create CO2. I’ll basically have an empty factory that produces nothing but rakes in a fortune!
(All because some dummicrat sheeple want to feel good about themselves. Now that’s what I call intelligent wealth redistribution!)
You are not thinking straight.
Nitrous Oxide is 300 times more polluting in the eyes of the Whackadoodles, so the income from Cap and Trade is 300 times bigger.
And you can even sell some to dentists, but it might not be so profitable.
But you WILL be able to "laugh all the way to the bank"...LOL
What about Weyerhaeuser, Georgia Pacific, Boise Cascade, etc? Don't they deserve massive carbon credits for the many millions (maybe billions) of trees they plant and nurture annually?
OK - nitrous oxide it is. Except I won’t be selling to any to dentists. The goal is to get paid to produce NOTHING. :-D
Let us know when you start selling stock and I’m in!!!
My cousin is a nuclear physicist and we are trying to come up with some way to scam the global warming kool aid drinkers. And if we get caught we can use Al Gore the biggest scammer of all as a defense!!
Let’s throw Soce Security in that category as well!
so what company, or nation gives them the carbon offset money?
What is wrong with the preceding logic? Everything perhaps.
Carbon dioxide is not a pollutant. It is a trace gas that is necessary for life on earth. It does not cause global warming. Global warming causes the oceans to release carbon dioxide. After ten years without a temperature trend, it may be that the earth is about to cool. More greenhouse gases may be a good thing. Maybe its time to start paying people and companies to release carbon dioxide. My hunch is that governments who want green house gas cap and trade revenues, don't want green house gas cap and trade expenses. Funny thing, that. One thing we know - the science is not settled.
How about cap and trade as a market efficient way to regulate pollution? It may have its place. But let's remember that government decision is far from perfect. This seems like a risky scheme that governments may latch onto as a way to increase their revenues, and as a way of distributing American wealth to well connected citizens of foreign nations.
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