The Conservative Cave
Current Events => Political Ammunition => Global Warming, Its Myths and Its Truths => Topic started by: SSG Snuggle Bunny on March 05, 2010, 12:48:25 PM
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...from all the money they're making!
Europe's system for industrial carbon quotas has enriched the continent's biggest polluters, with ten firms together reaping permits for 2008 alone worth 500 million euros, a new report revealed.
Dominated by steel and cement makers, the same "carbon fat cats" stand to collect surplus CO2 permits that -- at current market rates -- could be worth 3.2 billion euros (4.3 billion dollars) by 2012, it said.
This is roughly equivalent to the entire EU investment in renewable energy and clean technology under its economic recovery plan, according to Sandbag, a non-profit group in Britain that analyses carbon market policy.
"Emissions trading is meant to be the central policy for cutting CO2 levels," said Anna Pearson, Sandbag's top policy analyst.
"The fact that companies are able to make large sums of money for doing nothing highlights that the trading scheme must be reformed and EU climate change target strengthened."
http://www.breitbart.com/article.php?id=CNG.6a237570be4660439e371341ae8452d5.a41&show_article=1
Yeah...people just aren't suffering enough.
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Great! They do cap and trade in order to get the energy companies to change their ways, they do, and now they're complaining about that. This idiots won't be happy until we're living in caves.
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Great! They do cap and trade in order to get the energy companies to change their ways, they do, and now they're complaining about that. This idiots won't be happy until we're living in caves.
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Caves are protected natural habitats!
Earth-hater!!! :hammer: