It`s All About the Green

Global Warming has always been about money, as illustrated by these pieces from SEPP below. You will notice that the ultimate effects of such foolish restrictions are gloomy:



According to
"Carbon
Neutrality: A Shopper's Guide," in The Boston
Globe, "Many [Web]sites...offer the option of
offsetting an individual's entire ‘carbon
footprint.'" ("Carbon footprint" is an
expression environmentalists made up, meaning
the amount of carbon dioxide each person releases
into the atmosphere by breathing, driving to
work, heating the house, and other such noxious
activities.) "Customers can" also "buy offsets
for the carbon dioxide emissions released by air
travel." Shoppers will soon even be able to get
"a credit card that rewards carriers with offsets based on much they spend."


Under Kyoto, China has been an enthusiastic
seller of carbon credits since 2005, accounting
for about two-thirds of a fledgling US$2.5
billion market, but it has drawn the ire of the
rest of the world by imposing a tax on the deals,
effectively making what is meant to be an
environmentally supportive system into a subsidy for the Chinese government.

FULL STORY here
[Courtesy CCNet]


To retain leadership in the battle to curb climate change, the European Union
believes it must show the rest of the world how to stop a predicted ecological
catastrophe, while maintaining a healthy environment for business. But that
lofty goal ­ the promise of green growth ­ looks somewhat different from the
factory floor. Arcelor Mittal, the world's largest steel company with 135,000
workers in Europe, is among several companies that are sending out distress
signals two years after the EU began capping carbon dioxide emissions from
10,000 factories and power plants.
--James Kanter, International Herald Tribune, 7 January 2007


In a debate on energy security and climate change, Tom Crotty, chairman of
the chlorine producer Ineos ChlorVinyls, said that spiralling energy costs had
led to the loss of 100,000 job losses [in the UK] over the past 18 months.
Included in those losses were the closure of 13 glassmakers and 11 papermills.
Ineos ChlorVinyls, which had to halt production temporarily last year because
of higher energy costs, has 80 per cent of its costs tied up in energy. Mr
Crotty said that energy policy had failed industry: The true cost comes in
lost business, lost jobs and lost income.
--Christine Buckley, The Times, 28 November 2006