“Carbon Credits Scam” is a license to steal!

Posted: February 18, 2013 in Uncategorized

B.C. has adopted it, many European countries have adopted it and John Kerry in the U.S. is pushing for it to happen. Trading carbon credits so that fake Global Warming can be fixed and to allow fake Green Governments to actually “control the weather”!

Can anyone even fathom that type of thinking?………………………….these idiots actually think that by controlling carbon dioxide levels from fossil fuels that there won’t be any more hurricanes, floods, snowmageddon’s let alone heat waves or what’s next?……………rain?

British Columbia is now being investigated why they have valued carbon credits at $25.00 per ton when the average price world wide is now around 10 dollars!

It’s not so much that this carbon trading business is an environmental attempt to save the planet but is more likely another huge scam to bilk tax payers out of their money like Wind and Solar plants!

Of course McGuinty here in Ontario would have forced a carbon trading system on us in a heart beat but he has blown so much money on scammy deals that anything as destructive as a Carbon Trading agenda would have immediately bankrupted Ontario instead of the way it is now with a slow lingering death of debt for decades to come.

Ontario’s legacy will be very real for many many decades………………rusting decrepit hulks of Wind Turbines will become known as McGuinty’s phallic symbols of greed and will keep the Green Lie alive for a very long time.

Meanwhile the carbon trading scam is falling apart world-wide faster than the next Great Depression which is coming pretty damn fast!

The ‘next administration’ will likely be taxed with taking action

BY CRAIG MCINNES, VANCOUVER SUN FEBRUARY 15, 2013

It took a year, but the Pacific Carbon Trust has finally provided some details about the millions of tax dollars it passes on to private companies for the carbon offsets public agencies are forced to buy.

What the numbers reveal is disturbing enough that B.C. Environment Minister Terry Lake quickly announced a review of the program, even though he concedes it will likely be up to the “next administration” to take action.

The Pacific Carbon Trust was set up in 2008 as part of then-premier Gordon Campbell’s plan to reduce greenhouse gas emissions. The idea is that the trust would encourage carbon trading by creating a market for what are called offsets. Offsets are created when one party does something that reduces carbon emissions by a measurable amount and then sells the credit for that reduction to someone else.

So far, almost all of the sales have been from private corporations, including TimberWest and the energy giant Encana. Most of the purchases have been made by public agencies, which are forced by government regulation to buy enough offsets at the fixed price of $25 a tonne to counter their emissions.

Reaction to the spectre of schools being forced to turn over scarce dollars to the likes of Encana forced the government to provide extra funding last year, but otherwise, Pacific Carbon Trust has operated largely unchecked. That may be about to change.

In response to an Access for Information request from a Business in Vancouver reporter, the trust has published the amount it pays individual companies for carbon offsets. What those numbers show is that there is a wide range in the price per tonne paid. Also, the amount the trust is paying – as little as $10 a tonne – is well below the set price of $25 a tonne it is charging the public-sector entities, including health authorities, colleges, universities and school boards, that are required to buy

READ MORE HERE:

 

EU Carbon Emissions Trading Scheme In Freefall

Record-low carbon price threatens to derail transition away from fossil fuels and ability to meet climate-change targets

The European Union carbon emissions trading scheme­—the biggest in the world and the heart of Europe’s climate-change program—is in dire straits. The scheme’s carbon price has collapsed. The primary reason: The economic recession has suppressed manufacturing, thereby reducing emissions and creating a huge oversupply of carbon emissions allowances.

Carbon trading is a market approach to reducing greenhouse gas emissions in which each facility involved is given an emissions cap for the year, and each year that cap is reduced. A firm must record and report its facilities’ emissions and must obtain allowances for its total emissions. An allowance permits a facility to emit 1 metric ton of carbon dioxide or its carbon equivalent; some allowances are given for free by the government, others can be bought at auction or from other firms.

If a facility exceeds its cap, the company operating it has options: It can reduce emissions, buy allowances from other companies, or obtain allowance offsets by reducing emissions at another pollution source. The cost of an allowance is referred to as the carbon price and is driven by market conditions such as supply and demand.

If the low carbon price continues, the region’s ability to meet long-term reduction targets for greenhouse gas emissions will be severely hampered because the trading scheme will fail to provide money for cleantech programs and incentive for manufacturers to adopt cleaner technologies.

The trading scheme is a key component of the EU’s climate-change strategy because about 40% of all greenhouse gases emitted in the region fall under EU’s control. The mandatory scheme applies to 11,000 industrial installations, including power plants and major chemical facilities, across all 27 member states, as well as in Croatia, Iceland, Liechtenstein, and Norway. The aviation sector has been included in the scheme, but its active participation has been deferred to allow for an international agreement on aviation emissions, which is expected to be concluded in the fall.

READ MORE HERE:

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Comments
  1. Carbon Credit … Great pay your $$s for a piece of paper and a promise. No doubt the “suppliers/promoters” they will give your $$s money back if it turns out that carbon from human use re serious climate warming does not actually occur or the supposed carbon saved actually made no difference. Or will you get your $s back, if you can actually see /test / measure the results for the % of your $$s that went into supposed carbon reduction.

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