Sunday, October 23, 2011

Rizal province holds youth climate [scam] summit
MANILA (Mindanao Examiner / Oct. 23, 2011) - Some 100 youth leaders gathered in Antipolo City in Rizal province for a conference on climate change and discussed basic science and ways to address the world-wide concern.
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Loraine Gatlabayan, Division Chief for Information and Knowledge Management of the Climate Change Commission, graced the event
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The Climate Change Commission and The Climate Reality Project along with other government agencies and non-government organizations will soon launch series of activities which will lead to a national event as part of the National Climate Change Consciousness Week by November.
Cost of Subsidizing Fossil Fuels Is High, but Cutting Them Is Tough - NYTimes.com
In the developed world, some of the beneficiaries include French taxi drivers, who receive an annual rebate on diesel and gasoline; British householders, who pay a reduced value-added tax for heat and power; and oil and natural gas companies in Alaska, which receive tax credits to offset the cost of drilling and exploration.
Flashback » Blog Archive » WTF? This is What They Mean by Oil and Gas Subsidies?
Seriously, nearly half the “subsidy” number is the ability of a company to use LIFO accounting on inventory for their taxes? Since the proposition is to eliminate these only for oil and gas, what is the logic that somehow LIFO accounting is wrong in Oil and Gas but OK in every other industry? In fact, at least the first two largest items are both accounting rules that apply to all manufacturing industry. So, rather than advocating for the elimination of special status for oil and gas, as I thought the argument was, they are in fact arguing that oil and gas going forward be treated in a unique and special way by the tax code, separate from every other manufacturing industry.

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