Obama's disaster in the making | Lorrie Goldstein | Columnists | Comment | Toronto Sun

Added Democratic Sen. Maria Cantwell of Washington: "Starting with Enron and now the current financial meltdown, energy markets have been a target-rich environment for (undeserved profits) ... We don't need to solve our carbon problems by creating another fiscal crisis because we have a trading platform that has lots of holes and ends up being exploited."
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Not only was Enron an early supporter of cap-and-trade, so are many firms involved in the ongoing global financial meltdown, including AIG, which has received $173 billion in federal bailouts so far; Morgan Stanley ($25 billion); JP Morgan Chase & Co. ($25 billion); Merrill Lynch ($10 billion) and Goldman Sachs, which got a chunk of the AIG bailout because of its financial relationship with it.

As Republican Rep. Greg Walden of Oregon observed: "This is a disaster in the making. If you like the bubbles of the technology market and the housing market, I predict you'll love the bubble that will come from the cap-and-trade market." Indeed. [Via Climate Realists]

Don't use economic crisis as pretext to cut aid: Bill Clinton

The former Democrat president warned in an address at a "Global Progressive Forum" that in the "profoundly unstable" and "profoundly unequal" world, the current development situation was "non-sustainable".

He cited the situation in Haiti where AIDS victims die because "they do not have access to health systems" and the problems related to climate change.

Clinton urged "progressive" leaders present in Brussels to consider how they could translate their good intentions into concrete action.

The forum in Brussels, which attracted 1,500 people, was also addressed by a string of figures from the socialists and social-democrat ranks.

My Stand on Climate Change

I think Climate Change (aka Global Warming) is the "most commercialized" natural phenomenon.

Natural mechanism for medieval warming discovered - environment - 02 April 2009 - New Scientist

Michael Mann at Pennsylvania State University says that based on the analyses and modelling that he has done, increased solar output and a reduction in volcanoes spouting cooling ash into the atmosphere could have not only kicked off the medieval warming, but might also have maintained it directly.