Friday, May 15, 2009

Just what we need: A government-regulated carbon derivatives market layered on top of the cap-and-trade swindle, layered on top of massive climate change fraud, all in the name of US government global weather control
WASHINGTON, May 15 (Reuters) - The U.S. regulator that oversees futures markets, such as the New York Mercantile Exchange, would also have jurisdiction over the trading of new derivative contracts based on carbon emissions, under a new bill introduced in the House of Representatives.

The bill, sponsored by Representative Bart Stupak, comes as the House Energy and Commerce Committee aims to pass next week separate legislation that would cut U.S. carbon emissions linked to global warming and require companies to have permits to spew their emissions.

Stupak told reporters on Friday that the Commodity Futures Trading Commission should oversee the carbon derivatives market that will be created from the climate change bill to prevent speculators from manipulating the market.

"The carbon derivatives market should be based on a strong regulatory framework," Stupak said. "The finite nature of carbon credits and absence of a physical commodity leave it particularly vulnerable to speculation."
Poverty: the real threat to health - modernghana.com/feature article
A major new report from doctors at University College, London, and medical journal The Lancet claims that climate change “is the biggest global health threat of the 21st century.” Their solution means permanent recession, more famine and more disease.

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