Follow The Money .
14 Apr 08
http://timblair.net/
The UN cracks down on warmenist carbon barons:
Bruce Usher, the New York-based chief executive of EcoSecurities, says
the company's projects are environmentally legitimate. Last November,
largely in response to the U.N. crackdown, EcoSecurities said it was
writing off a chunk of the carbon credits it had promised the market it
would deliver. Since then, the company's shares, traded on the London
Stock Exchange's AIM index, have fallen 67%.
Doesn't sound very ... sustainable.
"There is a high incentive" for companies to put together
environmentally questionable carbon-credit projects, "because there is a
lot of money that can be earned," [the UN's Kai-Uwe Barani] Schmidt
said. "People are getting more inventive, so it's getting harder to
detect the black sheep."
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Regards
Bonzo
"IPCC staff is working feverishly on a theory that sup****ts global
cooling as proof of global warming. Stay tuned." Addison Gardner
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