Oppn asks Gillard to abandon carbon ads | Finance | BigPond News

The opposition would write to Prime Minister, Julia Gillard, and ask her to pull a taxpayer-funded ad campaign promoting its clean energy package, Mr Hunt said.

He warned the overseas carbon credit market largely was 'extremely undeveloped' and susceptible to fraud.

'Many of them are likely to be of dubious provenance,' he said.

Mr Hunt is also demanding the government provide updated Treasury modelling of the carbon tax to a parliamentary inquiry.

The most recent modelling assumed the United States would have a 'fully integrated and effective' cap-and-trade emissions trading system in place by 2016.

That was a fantasy, Mr Hunt said.

THE HOCKEY SCHTICK: Alarmist claim Amazon will dry up bites the dust: New paper says core of Amazon rainforest will remain stable & rainfall increase

A paper published this week in the journal Earth Interactions counters alarmist claims that 'climate change' will cause the Amazon to dry up and shrink by 85%, finding instead, "Our results suggest that the core of the Amazon rainforest should remain largely stable as rainfall in the core of the basin is projected to increase."

Fury over Solyndra loan threatens to sunset solar investments - The Hill's E2-Wire

Political fury over a failed $535 million loan guarantee to an Obama administration-backed solar company is threatening to poison the well for future green investments.