Climategate: The SEC Takes On … Climate Change

Pajamas Media ^ | February 9, 2010 | Dan Miller

[DanMiller]

Despite the wrongheadedness behind the SEC's decision, some unintended good may come of it.

[DanMiller]

It is uncommon for a federal regulatory agency to mandate disclosures which by virtue of the law of unintended consequences might do some good. Still, that’s what the SEC appears to have done.

[jdsteel]

I think that the main thing is that they are laying the groundwork for the exchange of carbon credits in the market, similar to the EU. NOT a good thing. Google “Rube Goldberg” to see how it will all work.

[cvq3842]

Another “derivatives” bubble inflating?

[jdsteel]

Well, not really. It has not been either effective or profitable in Europe. It’s just window dressing for government control and taxes on economic activity. As a matter of fact Kerry is working hard on this: http://www.businessweek.com/news/2010-01-27/kerry-graham-seek-scaled-back-climate-plan-in-bid-for-support.html

[cvq3842]

Thanks for info.

[jdsteel]

No problem....be well, and I hope you aren’t dealing with the snow storm that I am!!!

[cvq3842]

I’m safe and warm, but all the best to you and yours!