Foxes Guarding the Carbon House

After watching a couple of hours of the Durban Conference,  I just had to shake my head and laugh when I read “A Nest of Carbon Vipers.”

Continuously we hear from alarmists about the oil industry supporting skeptics, albeit with little evidence. But, the really big money to be made in climate change is in trading carbon futures.

Well, I challenge anyone to read the above story and come away with the conclusion those at the very top of the list of alarmists don’t have a pecuniary interest in treaty negotiations.

Here is a very brief example of the “nest”…

Vice Chair of Carbon Rating Agency (subsidiary of IdeaCarbon) 2008-2010, Christiana Figueres (now the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) [how can you not make fun of that acronym?]) was…

 

 

 

 

 

trained by…

 

 

 

 

 

 

chairman of Generation Investment Management, which owns a 10 percent stake in the Chicago Climate Exchange.  The Chicago Climate Exchange owns half of the European Climate Exchange. Thus if the United States and Europe adopt a “cap and trade” carbon credit trading scheme Al Gore could potentially rake in billions of dollars.

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