Yesterday Power Line posted an article about the fraud that has occurred in Europe's Cap and Trade System. The Telegraph.co.uk reports:
"Carbon trading fraudsters may have accounted for up to 90pc of all market activity in some European countries, with criminals pocketing an estimated €5bn (£4.5bn) mainly in Britain, France, Spain, Denmark and Holland, according to Europol, the European law enforcement agency."
My husband had an idea at one point that he would sell business cards promising that he would not take a shower that day for $5, thus saving the planet. He would fit right in with this crowd!
It was pointed out that the revelations about the fraud happened at the same time the European Union negotiators at the Copenhagen summit were asking that their system of Cap and Trade be expanded across the world to punish the heavy emitters of carbon dioxide. Not only is the science of global warming unproven and possibly fraudulent, the solution is also fraudulent!
It's time to go back to square one and reexamine the problem and the solution!
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