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Denmark’s got a nice little quota racket going

Published 03rd December 2009 - 4 comments - 904 views -

Opportunity isn't always obvious Oh, dear. When it rains, it pours. First, many of the scientists involved in global warming research are suspected of unethical and, possibly, fraudulent activity, and now Denmark, which will host next week's climate change conference, has been exposed as the home of a huge CO2 quota racket. "Police and authorities in several European countries are investigating scams worth billions of kroner, which all originate in the Danish quota register." So reports the Copenhagen Post, following up on a report by the Ekstra Bladet newspaper.

Opportunity isn't always obvious to those of us on the periphery of the climate change industry, but it does seem that it is a rather lucrative business for many, and an incredible source of corruption for an army of scammers and fraudsters.

Carbon trading has been described as "the Emperor's New Clothes" of international finance. It was invented by Kenneth Lay, whose Enron would currently be one of the main beneficiaries in the global alternative energy market. It is a licence to scam and steal. Rather embarrassing for the Danes to get caught red handed, then, on the eve of hosting a conference in which world leaders will try, straight-faced, to persuade us that carbon emissions trading is the only viable way of defeating global warming. This is a mad world. 

Category: International Action, | Tags: scam, racket, carbon trading, crime, fraud, enron, denmark,



Comments

Federico Pistono on 03rd December 2009:

Carbon trading is the practise of trying to solve a problem (pollution cause by corruption and profit motive) with more of the same (corruption and profit motive).

Aija Vanaga on 03rd December 2009:

Do not agree to CO2 trading, but this seems like a way to deal with it. Reduce or pay. SO if paying is cheaper, then why reduce.

Adela on 03rd December 2009:

After all the declarations regarding % of co2 emission cuts, it would be hypocrite for leaders to try to persuade us that carbon trading is the way to go, don’t you think?

Aija Vanaga on 03rd December 2009:

It would be hypocrite, but still isnt system hypocratic enough?

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