Behind the scenes, large financial houses are moving in stealthily. In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or “The largest commodity traded world wide”. The largest. That’s bigger than oil, coal, gas, or iron.... the details.
JP Morgan, Morgan Stanley, Citigroup, BNP Paribas, Barclays, Deutsche Bank, Citigroup, Credit Suisse are just a few financial houses calling for emissions trading schemes. (None of them seem to be calling for a tax?) Those who broker the trades are guaranteed to make money.
"But then, there is the "progressive" class ... that aimless mass of Western humanity so burdened by cultural self-loathing that it is to Islam, as ungulates are to lions."
Monday, November 30, 2009
Bigger Than Big Oil
Isn't it strange that warmists used to be so quick to blame "big oil" for fueling the "denier" movement:
Labels:
Global Warming
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