Bank's burn-up warms climate sceptics | theage.com.au

In addition, two Lehman reports from last year have been central to convincing governments, media and business of the need for a global carbon trading scheme to limit greenhouse gas emissions. In them, Lehman Brothers makes predictions about the climate in 2100, provides projections for climate change costs and suggests possible trends in the carbon market for the next 50 years.

Impressive stuff, except, as has been pointed out, Lehman should have been more concerned with existing markets rather than phantom ones.

"A year ago they couldn't predict their bankruptcy, but were predicting the climate 100 years ahead," crowed one climate change sceptic. "Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. Lehman Bros said it! Sacred words!"