Cr@p & tax carbon allowances are the new derivatives or phantom securities that the fat cats in finance create to enrich themselves and fleece the rest of us. The liberals in government are on board with the scheme as they figure they will be part of the rich crowd and we peasants will do our masters’ biddings.
These carbon allowances promise to offset carbon use by sponsoring trees not cut in the Amazon or new grasslands in Kenya or somewhere we can’t check up on the promise to offset carbon use. The money actually ends up shared by the finance fat cats and whatever government that licenses the fake securities. Don’t fall for this deal, it’s as fake as the data made up to scare us to believe in global warming or climate change or whatever the greenies talk about.
so how close it Goldman Sachs to GE on Cap and Trade they partners..