Fox News reported that Europol investigated Europe’s cap and trade system, and found it’s basically an organized crime network.
The top cops in Europe say carbon-trading has fallen prey to an organized crime scheme that has robbed the continent of $7.4 billion — a massive fraud that lawmakers and energy experts say should send a “red flag” to the U.S., where the House approved cap-and-trade legislation over the summer amid stiff opposition.
In a statement released last week, the Europol police agency said Europe’s cap-and-trade system has been the victim of organized crime during the past 18 months, resulting in losses of roughly $7.4 billion. The agency, headquartered in the Netherlands, estimated that in some countries up to 90 percent of the entire market volume was caused by fraudulent activities. …
The news gets worse for the climate alarmists. Ed Morrissey followed the money to their leading voice, IPCC Chairman Dr. Rajendra Pachauri. Like Al Gore, Pachuari stands to profit mightily by selling his climate change snake oil.
The Telegraph goes into excruciating detail in uncovering Pachauri’s monetary interests in maintaining AGW hysteria. The extensive reach that Pachauri has created calls into question both his credentials and his motives. Why did the UN pick a former railway engineer with no background in climate science to lead its effort on AGW? Clearly, Pachauri was selected for his influence rather than his scientific expertise.
Climategate exposed the chicanery of AGW science at East Anglia CRU, including the attempts to hide contradictory data and smear critics. This exposes a critical conflict of interest in the UN effort built on the CRU’s data. In that sense, Pachauri might be the perfect pick to lead the effort. It’s all about economics, not the climate or science at all. It’s an excuse to impose a massive transfer of wealth from developed nations to Third World dictatorships, and people like Pachauri have positioned themselves to get rich on the transactions.
These people have no shame. And the mob in DC will continue to play along, selling us down the river to these global socialists.
The Astute Bloggers has more links.
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