Beam me to Planet Gore !
Posted on 01/21/2011 2:04:08 PM PST by HonkyTonkMan
The European Commission (EC) suspended trading in carbon credits on Wednseday after unknown hackers compromised the accounts of Czech traders and siphoned off around $38 million, according to published reports.
EU countries including Estonia, Austria, The Czech Republic, Poland and France began closing their carbon trading registries yesterday after learning that carbon allowances had been siphoned from the account of the Czech based register. A notice posted on the Web site of the Czech based registry said that it was "not accessible for technical reasons" on Thursday.
The EC followed suit: issuing a statement on Wednesday evening saying that the EC was suspending transactions for all EU Emissions Trading System (ETS) members until January 26 in light of "recurring security breaches in national registries over the last two months."
"The incidents over the last weeks have underlined the urgent need for all registries to ensure that these measures are speedily implemented," the EC said.
The account compromise is just the latest security embarrassment for the ETS. In July, the Web pages of the European Climate Exchange (ECX) was defaced by anti carbon trading activists. In February, 2010, malicious hackers used targeted phishing attacks to gain credentials to the German Emissions Trading Authority and make off with millions of dollars worth of carbon trading credits, Der Spiegel reported.
too funny!
How does 38 million dollars get created from nothing?
Got to be an insurance scam.
No way is any amount of that stuff worth $38 million except in some mark-to-unicorn accounting system.
These hackings are further proof of global warming.
We can expect more hackings if we don’t do something about carbon emissions.
Could be. I wonder if they are insured and if the insurance company has to pay the face value. I bet the value of these things has plummeted since the emailgate and the republicans won the house.
What a world, what a world.
Where would you hide those after you'd "stolen" them?
I mean, could you bury them in a coffee can in your back yard?
“Poof” - kaiser soze
People are wising up.
The carbon trading scam is full of 1st Chakra emissions. I’ve heard things are getting testy over in the global warming hysteria groundzero UK as the EU mandates on completely banning incandescent lightbulbs are starting to kick in and prices for the new lightbulbs have tripled overnight. People are finally starting to wake up that these are just elaborate tax increases disguised in “save the planet” gaga.
Did the mark pay the Three Card Monty guy with counterfeit bills? LOL
Heh. I sympathize, but it was the American Left who pretty much patented AGW. Our East Anglian CRU were only as toxic as they were because they got 26 million quid from the NOAA.
Also, isn't Al Gore one of yours :0)
We have imbeciles to match even Gore of course. Lord yes. And the UK Guardian is a big gun in any battle that demands we bring teh crazy. But heck, we're not Ground Zero!
Mr. Ponzi would be proud!
Do two wrongs make a right? Does fraud on fraud make unfraud?
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