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Fraud epidemic destroys trust in “carbon” trade

Richard Treadgold | May 2, 2010 | 12:07 pm
Handcuffs

A suit in handcuffs. Only the educated, trusted men can engage in theft on this grand scale — £156 million! This story concerns GST fraud (called VAT in Europe) but there are easier scams occurring in the carbon trading field, based on the simple fact that the only thing being sold is thin air. Actually, it’s worse than that: they’re selling CO2. Unmeasurable, invisible and useless to both buyer and seller. At least air is of some use. What a confidence trick!

Sends shivers down the spine, this does. For, not only does “regular” carbon trading take food from the mouths of mothers and babies, but fraudulent activities, increasing costs and therefore prices, take even more. How long before it turns up in New Zealand, if National really does launch its ill-advised scheme on July 1? The most important part of the story waits until the last two paragraphs, though I’ve flagged it in the heading. Further comments below.

First published by BusinessGreen, 30 Apr 2010

by BusinessGreen.com staff

German carbon fraud investigation moves to UK

Prosecutors confirm that four arrests have been made in €180m fraud investigation

German prosecutors today confirmed they have arrested four people in Germany and the UK following raids on more than 50 homes and offices this week in connection with an alleged €180m (£156m) carbon fraud. Read more… »

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Carbon dioxide, Carbon trading, ETS
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Carbon trading, Crime, ETS, Europe, Fraud
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Carbon trading is not about the climate

Richard | January 17, 2010 | 11:21 am
carbon trading -- chasing a will-o'-the-wisp

This is a picture of steam. Steam is water vapour and unrelated to carbon dioxide, but we cannot see carbon dioxide, so steam is more interesting to look at. In a similar vein, carbon trading does not trade in carbon, which is black and dirty, unless it is a diamond and glorious. No, carbon trading deals in the invisible carbon dioxide, which is impossible to measure accurately, never mind, let’s just say it was 64,000 tonnes, all right? Wow, that’s a lot higher than I was thinking, but why not — who’s to know? Normally, traded goods are visible and useful, but carbon dioxide is invisible and useless to everybody but Mother Nature, yet we prefer to trade in the useless, invisible gas. Strange? Not when you realise the money to be made from thin air.

Once upon a time, people thought they would stop global warming, caused by carbon dioxide, by extinguishing their fossil-fuelled fires. But everybody loved their fossil fires and depended on them for every good thing in modern life. So they didn’t want to give them up. What would be the best way to persuade the people to extinguish the lovely fires?

Tax or ETS

The people decided that they just had to make the lovely fires more expensive and invent other ways of providing every good thing in modern life. That gave them two options to choose between: let the government put an extra tax on the fossil fuels, or create licences to emit carbon dioxide and let everybody trade them with each other. That was called an Emissions Trading Scheme (ETS), sometimes “cap and trade”.

Either scheme would have the effect of making the lovely fires more expensive because the cost of the tax or the emission certificates would be added to the price of the goods and services. Naturally, the people would end up paying more, but that was the whole point. All the good things in modern life were destroying the planet so they had to become too expensive to buy and the leaders said that was a sacrifice they were willing to make. Read more… »

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Carbon bribery and corruption

Guest author | January 3, 2010 | 11:53 pm

Australian flag

Guest post by Viv Forbes, Chairman, Carbon Sense Coalition.

The Carbon Sense Coalition today called for an end to the practice of governments trying to buy support for their failing Ration-N-Tax Scheme using tax money raised in an underhand fashion from the same people.

The Chairman of Carbon Sense, Mr Viv Forbes, said that since the “Climate Scare-a-Day” campaign of 2009 has failed to spook the people, the New Year will see acceleration of the next ploy: “carbon bribery and corruption”. Read more… »

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Carbon trading, Global warming
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Obama — more ignorant than we thought

Richard | June 27, 2009 | 1:26 pm

President Obama is charming, credible and he fronts well, but he just revealed some of what truly lies within. It was a disturbing insight and I hope his advisors can amend his ignorance.

It was just last Tuesday — Barack Obama, at a White House press conference, was urging the House of Representatives to pass the Waxman-Markey bill, properly known as the American Clean Energy and Security Act, when he let slip that he doesn’t know what carbon dioxide is. Read more… »

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Alarmists, Carbon trading, Global warming, Pollution, USA
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Oh God, the environment, God the developing world!

Richard | June 7, 2008 | 1:16 pm

Following the virtual demise of traditional Western religion, the newly-instituted worship of “the environment” has spread and flourished. Commentators point out how many things are done and called for in the name of the environment, as were once done and called for in the name of God.

Nothing has changed except the name of the deity. We brook no argument against our deity, nor questioning; we demand blind obedience, for fear of public obloquy. We still call upon people to consider, to fret, to act and to pay handsomely in the name of the deity—just the projects differ. Where once it was a fine new cathedral in Coventry or the Swansea city square statuary, now we want action on poverty or global warming.

And there’s an even newer deity: it’s the “developing world”. Read more… »

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McCain’s Assault on Reason

Richard | May 13, 2008 | 6:33 pm

History and reason say no—so can we greatly alter the climate? Study history, for it says the climate has changed like this before. Study science, for it says that puny man has no effect. more…

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Carbon trading, Global warming, Mitigation, Politics, Roy Spencer, USA
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