"Carbon Trading Open Invitation To Fraud"

Here.

Excerpts:

Back in the real world, Leyland summarizes trenchantly the potential dangers of carbon trading, again as reported in the Scoop story:

“So, to my knowledge, carbon trading is the only commodity trading where it is impossible to establish with reasonable accuracy how much is being bought and sold, where the commodity that is traded is invisible and can perform no useful purpose for the purchaser, and where both parties benefit if the quantities traded have been exaggerated.

It is, therefore, an open invitation to fraud and that is exactly what is happening all over the world."

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All along I have argued that carbon trading will actually increase carbon dioxide emissions while lining the pockets of the traders. It is an ‘open sesame’ for abuse and corruption.
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And, as Tom Hagen would surely have said: “There’s more money potential in global carbon trading than anything else we’re looking at.”

This could prove to be the classic example of Obese Capitalism eating up its Greens.

And the impact on climate? You might as well have Prohibition.