Al Gore on Climate Change Risk - Businessweek
You’ve compared climate change risk to subprime mortgages?
“Subprime carbon assets” have an asserted value based on the assumption that it’s perfectly OK to put 90 million tons of global warming pollution into the atmosphere every 24 hours. Actually it’s not. But just as with subprime mortgages, when the rating agencies [showed] clouded judgment and put AAA ratings on the securities, a lot of holders of carbon assets have been giving money to liars-for-hire to put out pseudoscientific reports that assert reality is not reality.
In typical fashion, Captain Carbon has tipped his hand.
ReplyDeleteIn the paragraph before,is a throwaway line that should give us all pause..."The absence of a price on water."
That is next on the globalist hit parade.
Thanks for the heads-up Al, you nimrod.