Heliogenic Climate Change: ETS starts carbon leakage in Australia

"Cement manufacturers are being offered an initial 90 per cent of their carbon permits for free, but Cement Australia chief executive Chris Leon said the fact that the permits covered only some of his operational processes and declined by 1.3 per cent each year meant the scheme still put a proposed $700 million expansion to his Gladstone plant in jeopardy.

"The Government has offered improvements, but I am very concerned this will tip our Gladstone project over the edge. It is now much less likely we will build this investment here and more likely we will invest in Indonesia or Thailand," he said...

Why History Can't Wait - Person of the Year 2008 - TIME

It is here that we find Barack Obama one soul-freezingly cold December day, mentally unpacking the crate of crushing problems — some old, some new, all ugly — that he is about to inherit as the 44th President of the United States.
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"And then the third thing that keeps me up at night is the issue of nuclear proliferation," Obama continues, sailing on through the horribles. "And then the final thing, just to round out my Happy List, is climate change. All the indicators are that this is happening faster than even the most pessimistic scientists were anticipating a couple of years ago." [Via The Chilling Effect]