Not just synonyms anymore!
Banks and investors are pulling out of the carbon market after the failure to make progress at Copenhagen on reaching new emissions targets after 2012.
Carbon financiers have already begun leaving banks in London because of the lack of activity and the drop-off in investment demand. The Guardian has been told that backers have this month pulled out of a large planned clean-energy project in the developing world because of the expected fall in emissions credits after 2012.
Anthony Hobley, partner and global head of climate change and carbon finance at law firm Norton Rose, said: "People will gradually start to leave carbon desks, we are beginning to see that already. We are seeing a freeze in banks' recruitment plans for the carbon market. It's not clear at what point this will turn into a cull or a rout."
Rent-seekers are disheartened...
"The lack of regulatory certainty in the post 2012 world affects the market's view of what CERs [carbon credits from clean energy projects] will be worth and subsequently will constrain financing for projects. If you had an agreement at Copenhagen with a bit more detail, people would be more willing to take risk."
On the other hand, since the carbon trade is based upon buying and selling nothing, it's not like they'll be stuck with warehouses full of it.
-"It's not clear at what point this will turn into a cull or a rout."
Cull or Rout.
I LOVE those words!
They're hurt'in, and I'm luv'in it.
awsome.
the collapse of a global scam is always good news.
if it was accompanied by the pushers of this scam being beaten with sticks it would be even better
Al "Goracular" IMPLOSION I tell you!
Couldn't happen to a nicer bunch or rent seeking fraud artists.
No doubt slinking off to concoct their next massive fraud to relieve hard workin' folk of their 'mountainous piles of lucre'.
Cheers
Hans-Christian Georg Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North"
I'am still waiting for Gore to be charged under the RICO ACT.
Climate Change is the Hoax of the century.
Interesting that the crooked market pirates who over-inflated and imploded the money markets then fleed to trash credit markets, then fleed to the debt vehicle markets (derivatives) then saw opportunity in trading in another thin air commodity. CO2 trading was destined to be the greatest fiat trading fraud yet.
Even more interesting is the fact these crooks were foiled by a change in the weather. LOL
Jerri Seinfeld and Larry David could have developed the carbon trading market.
Obama gives great teleprompter and is too political rhetoric what the Slap Chop guy is to TV pitchmen.
But even Obama couldn't keep a straight face when he delivered his "overwhelming scientific evidence on climate change" line and everybody laughed.
The Global Warming thingy is soooooooo over when the pitchmen can't keep the scam alive with a straight face. Obama's smirk says it all.
http://www.youtube.com/watch?v=q20cnn8vOfg&feature=player_embedded
Yeah well I'm one of the obnoxious folk that speaks to strangers in the super-market lines. I haven't encountered an AGW useful idiot in some time. I have encountered folks (who I have forgotten) who now remember me and regard me as a prophet......and are now...unhappy???....with Al Gore/SUZUKI/OBOZO.
Excellent link, Fred.
the timing of the release of the CC (Climate Crap) was well thought out, to close to hopenchangin to spin new yarn, and just enough time to sow the seeds of doubt, even if those seeds were not apparent at the time
sure wish we knew who it was so we could thank them along with all the blogs and bloggers who have been exposing this scam all along
Hans, that's filthy lucre. Which is why it has to be liberated from those who would use it properly. And who actually earned it from their own labour. Only through the left's efforts can the filthiness be cleansed.
Fred, how many of the laughs do you figure were directed at The One, and how many were directed at those who still don't realise it's a scam? I propose a 3:1 ratio.
Fred:
Saw that highlight. And, I do mean highlight.
As the saying goes, once they start laughing AT you, you're done.
To me, carbon trading only had the potential to produce, what I call politely, "bullsh*t jobs".
These jobs are prevalent in the American new economy, and include such things as personal trainers, personal coaches, motivational speakers, and the like.
To me, they seem to reflect a fundamentally unserious and superficial society with narcissistic tendencies.
Hey, speaking of which, how about that State of the Union Address?
Sweet. Al Gore's financial statement is taking a big hit. Creating this farce is finally catching up with him.
The bad news is that, like any ponzi scheme, the originators make out like the thieves that they are. The good news is, the losers will be mostly those in the shallow end of the cranial gene pool or ethically challenged rent seekers. Consider it another taxation on stupidity and evil.
I second all the above motions.
Results: Climate science
"Thanks for voting!
How much do you trust scientific projections concerning global warming?
* Completely 8.88% (650 votes)
* Somewhat 11.55% (845 votes)
* A little 15.06% (1102 votes)
* Not at all 64.5% (4719 votes)
Total votes: 7316"
http://www.theaustralian.com.
IPCC scientists allowed to come forward, negative stories trickling out from a formerly supportive MSM, crony capitalists turning to greener fields...the Big Guys have already got their money out. The only one still trying to talk up this market are bag holders (including all the J.Simpsons of the MSM world).
It's a good thing the market appears to be going sour otherwise it would have become another one of those "too big to fail" scenarios. The fleecing would have gone on in perpetuity.
"Bagholders" I like that. When "stakeholders" became all the rage a few years ago, we knew then that there was going to be a flood in snake oil futures. I'm going to start useing that around the office. Much more descriptive than the usual term "creditors" (or "taxpayers")
It's fraud, from one end to the other.
Sub-prime carbon for dale. I wonder how Al Gore's investers feel these days, and when do the lawsuits commence.
I gots an idea, why don't the loonies store it in the same barn as the Day-light-savings time.
I can remember when the idiots were claiming that DST was a plot to steal money from the poor working man.
I just tripped over this.....which goes a long way to explaining/understanding the malady/hoax.
http://vulgarmorality.wordpress.com/2009/11/29/the-war-on-the-weather/
Al Gore's Weather (AGW):
Meet the CRU twins: S&D.
But, it's that Canadian Steve McIntyre's fault. Yup! It's his fault. Yup! It's his f......
...-
Professor Phil Jones’s leaked e-mails reveal climate of secrecy and distrust
Professor Phil Jones and his colleagues at the University of East Anglia have been hounded by climate sceptics for more than a decade. They were targeted because their research underpinned the conclusion by the Intergovernmental Panel on Climate Change (IPCC) that the increase in temperature was likely to have been caused by man-made emissions.
The sceptics made dozens of demands for information under the Freedom of Information Act. They wanted to see e-mails sent between the scientists discussing their contributions to the IPCC. They also wanted the computer code used by scientists in constructing their climate change models.
Professor Jones believed that they were fishing for information to try to destroy his work. He also feared that they were seeking to distract him from his research by making him spend his time responding to requests.
The leaked e-mails from Professor Jones and others reveal a culture of secrecy and a determination to release as little information as possible."
http://www.timesonline.co.uk/tol/news/environment/article7005327.ece
Will the Nobel committee demand their prizes back. And how much damage has this scam cost them with respect for anyone getting said Nobel Prize.
Has anyone seen or heard from goresuzuki crowd lately. Will DS still say deniers should be jailed, expect this time the deniers will be those who refuse the whole thing has been a big scam.
I hope there are a few out there who have been scammed that will file a class action lawsuit for billions of dollars.
We now know why gore would never take questions, he knew he was lying.
"Bagholders" Good one, love it. Thats' about it. Do you people still Jeff Simpson?
Clarification: That would be read Jeff Simpson.
"Banks and investors are pulling out of the carbon market after the failure to make progress at Copenhagen on reaching new emissions targets after 2012."
They are NOT pulling out of the carbon market.That phrase has always PO'd me.The carbon market is oil,gas,coal,etc. They are running from a scam that they gladly participated in. Next up,oxygen is harmful to humans.
This carbon credit stuff sounds like a pyramid scam to me and why presumably educated individuals fell for it is beyond me.
"It's fraud, from one end to the other."
No Kidding . . it's like BRE-X for scientists.
Ironically it was Steve McIntyre who also had a major role in exposing BRE-X.
Two for two with Steve . . .
Glaciergate
A relatively tame Hitler parody video
"As chief operating officer for the cabal of Billionaires who control the global warming scam, Hitler quickly realizes the long range implications of "Glaciergate"."
Glaciergate: Hitler's Last Straw
http://www.youtube.com/watch?v=1b-6U5MwyDM
But...but...what about Gordon Campbell`s BC Carbon Tax? After all he is only charging BC school districts (us taxpayers) $25.00 per tonne for his Carbon Offsets...Suzuki says it should be much higher! When you pay it you WILL feel MUCH better! Azzholes!
I think it is about time for a class action lawsuit against these clowns...i would have lots of money to contribute to such a cause.
Meanwhile in Chicago the CCX Carbon Exchange (Gore,Strong,etc.) is imploding, they are trading Carbon Credits for .10c per tonne!! In May of 2008 they were trading over $7.00 tonne!
Yet, depspite all the information that is out there on this scam, the politicians continue to ignore it. You would think they would be pounding on this but they are not.
The end justifies the means doesn't fly. Come up with something other than Cap and Trade. This whole thing is BS and it is very frustrating to have our politicians sit there with there heads stuck where the sun doesn't shine.
Never forget, Chretien & kinsella signed Canada onto this fraud. McCuinty is in deep(kinsella's advice?)
Kate is laughing all the way to the bank, meanwhile a Simpson has a sucker stuck on his forehead.
If you like arguing with simple-minded, yet true-believing warmies, hop on over to this thread.
http://blogs.discovermagazine.com/intersection/2010/01/28/climate-change-in-the-american-mind/comment-page-1/#comment-47234
And the really good thing,new trucks, for those of us that "have" to drive them, will now come in Colors. For all the years of this GREAT SCAM global warming, GM especially has hardly made any trucks with a color, other than pathetic paisley earth tones, the kind of color that poopsie dweebs bike and little bell likely are on the eco-echo limp-wristed ads on QR77 at noon. Your know those latent hippies, we must use reused toilet paper, hate Walmart, and not spit out our bubble gum types have been driving our taxpayer funded bus for far to long. Lets put the final stake in this huge money sucking vampires heart by sueing and jailing the Gores,Strongs,Suzukis,Pachuris etal. Some young lawyer who has not been twisted by his University profs should take this on, your name will live on forever bringing suit against all the fraud artists!
Another poll goes horribly wrong:
http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/public_cooling/
Obviously I am an uneducated clueless halfwit, but I really can't grasp that concept:
*******************************************
Report: Harsh winter a sign of climate change
‘Hard for any of us to grasp’ warming trend in the midst of cold weather
*******************************************
http://www.msnbc.msn.com/id/35118098/ns/us_news-washington_post/
O'narcissist is now an accomplice/enabler in the AGW Fraud.
...-
"U.S. formally embraces Copenhagen climate deal
The United States on Thursday formally notified the United Nations that it has embraced the Copenhagen Accord setting nonbinding goals for reducing greenhouse gas emissions that was negotiated last month. Todd Stern, the top U.S. climate negotiator for the Obama administration, also gave notice that, as expected, it will aim for a 17 percent reduction in emissions of carbon dioxide and other gases blamed for global warming by 2020, with 2005 as the base year."
http://www.freerepublic.com/focus/f-news/2439551/posts
Do you people still Jeff Simpson? Hey that actually makes more sense than the correction. For example; "The other day I tripped and Jeff Simpsoned hot coffee all over my new pants"
No wait, my first post was no good. "The other day the car jack slipped and the car landed on my head and Jeff Simpsoned up my head real bad".
I bought my beer and popcorn and PC incorrect smokes last year and I am enjoying the really big show even more that I expected. Sleaze bags, liars, cultists, slavers, in your face righteous ill informed jerks now not saying boo to me; the big, 'earth hater', AGW denier of the territory! It is way too much fun watching them squirm and avoid eye contact.
SDA(Kate) was the leader in unravelling this web of lies. Sir Walter Scot would be proud of you Fair Lassie!
'Oh what a tangled web we weave,
When first we practise to deceive!'
Get your red hot carbon credits here for free!
Hey nold @ 6:54, thanks for the vote of confidence. Liked your first analogy. LOL
This has been playing out to the soundtrack of Supertramp's Crime of the Century......
Trading air to steal peoples money is what it boils down to.
I'll store your surplus Carbon credits foobert...for a small fee.
This is great news for the anti-nuke crowd. Woo Hoo
AGW is a hoax!!
"Drill Baby Drill!"
We don't need no zero Carbon emitting nuclear plants!