However global warming alarm (to be precise) is an interesting tool to use. Goldman and Sachs will only make money if there is a cap and trade because cap and trade is a scam and will do nothing except enrich the traders. Look at Europe now. They have fake caps and create far more CO2 than ever outside of the caps.
Anyone promoting global warming alarm with the tiniest shred of honesty (far and few between) would admit that the only solution to their imaginary problem is massive global economic depression. That would be very bad for Goldman and Sachs and everyone else. Thus the dilemma of global warming alarm. They want a fake solution to a fake problem which requires two levels of deceit. I don't think they will pull it off.
Have long felt that the carbon commodity exchanges the Goldman Sachs set up in Chicago Commodities market— was all about... oil, coal.. energy stocks.
Pushing global warming, reduction of CO2 as causal agent (which it is NOT) meaning running up the price/bbl of oil. If,in reality we are heading for a global mini-ice age (similar to the one that was present during the American Revolution) well there would be a killing to be made.
Shorting the market on the downside, in one instance and selling at high price on the other. Either way, positioning in the govt. regulatory agencies policy and directing the market to produce the result. Disgusting. Call it venture socialism— best name for it. Time to hunker down and stock up.