Posted by Tina
If you’re under the impression that the climate change negotiations going on in Copenhagen represent altruistic desires to save the planet for future generations think again. It is a money-making scheme with BIG GREEN BUSINESS at its heart and key players driving the politics have positioned themselves not only to make huge PROFITS but also to guide the worlds politics to ensure those profits keep rolling in. The following story connects a lot of dots but I found this portion particularly fascinating:
As Booker reported, what has been great for Tata’s bottom line has not been so good for useful for the 1700 workers who recently lost their jobs in Redcar, North Yorkshire, when the owner of the Corus steelworks – Tata – decided to close its plant. ** The real gain to Corus from stopping production at Redcar, however, is the saving it will make on its carbon allowances, allocated by the EU under its Emissions Trading Scheme (ETS). By ceasing to emit a potential six million tonnes of CO2 a year, Corus will benefit from carbon allowances which could soon, according to European Commission projections, be worth up to 600 million over the three years before current allocations expire. ** Will this make any difference at all to the quantities of plant food – sorry, deadly, planet-destroying CO2 – pumped into the atmosphere? Not at all, as Booker goes on to explain: But this is only half the story. In India, Corus’s owner, Tata, plans to increase steel production from 53 million tonnes to 124 million over the same period. By replacing inefficient old plants with new ones which emit only “European levels” of CO2, Tata could claim a further 600 million under the UN’s Clean Development Mechanism, which is operated by the UN Framework Convention on Climate Change – the organisers of the Copenhagen conference. Under this scheme, organisations in developed countries such as Britain – ranging from electricity supply companies to the NHS – can buy the right to exceed their CO2 allocations from those in developing countries, such as India. The huge but hidden cost of these “carbon permits” will be passed on to all of us, notably through our electricity bills. ** Thus, at the end of the day, Redcar will lose its biggest employer and one of the largest manufacturing plants left in Britain. Tata, having gained up to 1.2 billion from “carbon credits”, will get its new steel plants – while the net amount of CO2 emitted worldwide will not have been reduced a jot. ** This is the real reason why so many big businessmen, bankers, politicians, scientists – led, of course, by Al Gore – are backing stiffer, pan-global governmental legislation on carbon emissions. Because there are such stupendous quantities of money to be made.
READ THE ENTIRE ARTICLE. You will discover the many connections to business and climate interests that Dr Rajendra Pachauri, the head of the Intergovernmental Panel on Climate Change (IPCC), has. You will also be reminded that the deals being made will not reduce carbon emissions a bit but they will transfer a lot of cash to an elite few. You will also be reminded that the so-called pollutant that everyone is over the moon about is food for our own food source, plant life.