Top green investor slams proposed EU industrial gas ban - 26 Nov 2010 - News from BusinessGreen

One of the UK's top green investors has warned EU proposals to ban the import of UN-approved carbon credits derived from controversial industrial gas projects could have a catastrophic impact on investor confidence and undermine future investment in emission reduction and forestry projects.

Speaking at BusinessGreen's lecture evening yesterday, James Cameron, executive director and vice chairman of Climate Change Capital, argued the draft proposals released yesterday by the European Commission represented a "completely irrational trade ban" for the growing carbon [swindle] market.
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"We are still under threat that the carbon market will take away value of those who have invested to date, the very people we need to find [future investment], and they are not going turn up with the next $100m or $200m if they have lost a packet on some irrational political decision," he said. "The [sums required for low carbon investment] cannot be met without the very people who are about to lose money from a set of poor decisions made by the European Commission and the CDM executive board."