Beam me to Planet Gore !
Posted on 09/22/2008 3:25:32 PM PDT by Shermy
What is the connection between the bankrupt Lehman Brothers and the likelihood that in four years' time our electricity bills will jump another 25 per cent (on top of the rises likely from soaring coal and gas prices)?
The answer is that, before its collapse, Lehman was pitching to become the leader in the vast trade created by the new worldwide regulatory system to "fight climate change" by curbing emissions of carbon dioxide.
The biggest money-spinners will be the schemes whereby industry will pay for permits to emit CO2 at so much a ton, either directly to governments or by buying them on an international market.
This market, soon to be worth trillions of pounds, was where Lehman hoped to be "the prime brokerage for emissions permits", as it set out in two hefty reports on "The Business of Climate Change".
Advised by some of the world's leading global warming activists, such as Dr James Hansen and Al Gore (a close friend of the firm's erstwhile managing director Theodore Roosevelt IV), Lehman bought their message wholesale. GIM, the company set up by Gore to sell "carbon offsets" in return for planting trees, was a prized Lehman client.
The particular market that Lehman hoped to dominate is centred on the buying and selling of carbon permits, through the EU's Emissions Trading Scheme (ETS) set up in 2005, the UN's Clean Development Mechanism (CDM) and the "cap and trade" system proposed for the US by both McCain and Obama.
This may still seem abstract but it will affect all our lives, because ultimately we will all be paying for it, through the colossal costs it will impose on industry, not least electricity.
The EU scheme already adds more than a billion pounds a year to our electricity bills.
(Excerpt) Read more at telegraph.co.uk ...
This is an excellent article. Unfortunately it has to be excerpted here.
Aha! So the Lehman collapse really was a Bush / Cheney / Rove scheme to derail the carbon credit scam [/s].
Just great. You've probably identified a major component of what the Democrats will require of corporations seeking a "bail-out". Immediately implement a "carbon credit" program...
Ok, so now I'm still not sure. Are we gonna hafta pay more for electricity because the scam has been knocked out/up by the failure of Lehman???
Lehman was just the most vocal.
Goldman Sachs, others, want to take up the slack.
Plus they already are invested in carbon credit trading in Europe. Who knows what carbon credits they have on their books there.
I knew I would catch a fish with that bait ... LOL
“through the EU’s Emissions Trading Scheme (ETS) set up in 2005, the UN’s Clean Development Mechanism (CDM) and the “cap and trade” system proposed for the US by both McCain and Obama.”
This will put all the Oil for Food people at the UN back to work.
Maurice Strong has his fingers in both of these scams.
No, think bigger - remember the “panic” of 1907? I don’t either, but what I read about it, JP Morgan had to bail out the government (sound familiar? ;) JP Morgan the man is an interesting read in itself. Afflicted with a very large potato as a nose, he didn’t allow photographs or only air-brushed versions.
Anyhoo one of the results of this major depression of the time was agitation for a US Central bank - which resulted in the 1913 Federal Reserve Act. It would be logical for the same clowns to agitate for a World-style government agency in the same manner. Maybe the IMF or the BIS is supposed to serve that purpose I dunno, but it makes a sort of twisted sense.
I’m glad it was excerpted, I would have missed the comments section.
Keep me posted on this stuff, will ya???
Wasn’t this ‘carbon credit’ thing part of the Enron scam as well?
This is what Gore and Pelosi are after for America!
Unfotunately, McCain is kinda signed on too.
Help!
Help, indeed!
We’re in the same position in Australia. The Labor (Democrat) government is busy designing a carbon emissions trading scheme and the Liberal (Republican) opposition is going along with it!
What are we supposed to do?
Thankfully the planet has it's own thermostat and the cooling has already begun. We just have to hold off the global warming scammers a bit longer and the cooling will be obvious to even the most casual observer.
"We don't know if the program is actually going to cause reductions in carbon," but we do know it'll cost money, the speculators will take their percentage, and that the costs will be passed to us. "We, the People" pay when new "financial products" are speculated on.
That’s funny! I guess I won’t have to buy one from Lehman Bros. now. I think I’ll burn some fossil fuels right away to try it out
BULLETIN: BERKSHIRE HATHAWAY TO INVEST $5 BILLION IN GOLDMAN SACHS
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.