Tuesday, June 21, 2011

Corporation created by the Alberta government blows $113 million in climate swindle cash

Three projects get $15 million from Alberta climate [hoax] corporation
Three projects that turn industrial waste into energy will receive $15 million from Alberta’s climate-change organization.

Climate Change and Emissions Management Corp. (CCEMC)invests money collected in penalties for violations of the province’s rules on greenhouse gas emissions. The CCEMC is an arm’s-length corporation created by the Alberta government.

On Tuesday, it announced its third round of renewable-energy projects to receive funding, totalling $15 million this time.

“In total, with this one, we’ve awarded a little over $113 million, but one of the really important points to note is we never pay the full amount,” CCEMC chairman Eric Newell said.

“What we try to do is bring inindustry partners so we leverage a lot of other funds, so that $113 million represents almost about $595 million worth of research anddevelopment projects. So it’s very powerful.”

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