A Big Problem for Cap and Trade | celsias°

In sum, cap and trade with offsets has the potential to become one of the largest business scams ever conceived. Wall Street banks are expecting this to be a new source of enormous profits regardless of whether it alleviates global warming. The enormous profits may indeed materialize. But in the process the "offsets" gimmick could very well (a) cause the entire cap and trade system to lose public confidence and thus fail; (b) increase rather than decrease global warming; and (c) cost us a crucial decade or more while the consultants confuse us into thinking things are going well when, in fact, the planet is being roasted alive.