Climate Cartel

It looks like Al Gore is not the only one involved in making big money on CO2 trading. The Head of The IPCC, Dr Rajendra Pachauri, is in on it as well.

Although Dr Pachauri is often presented as a scientist (he was even once described by the BBC as "the world's top climate scientist"), as a former railway engineer with a PhD in economics he has no qualifications in climate science at all.

What has also almost entirely escaped attention, however, is how Dr Pachauri has established an astonishing worldwide portfolio of business interests with bodies which have been investing billions of dollars in organisations dependent on the IPCC's policy recommendations.

These outfits include banks, oil and energy companies and investment funds heavily involved in 'carbon trading' and 'sustainable technologies', which together make up the fastest-growing commodity market in the world, estimated soon to be worth trillions of dollars a year.

Today, in addition to his role as chairman of the IPCC, Dr Pachauri occupies more than a score of such posts, acting as director or adviser to many of the bodies which play a leading role in what has become known as the international 'climate industry'.

The profitability of most of these enterprises is dependent on either direct government largesse or laws requiring CO2 trading.

We already have oil cartels. We have illegal drug cartels. Do we really want a climate cartel? Other than the profiteers I mean.

And what do all these cartels have in common? They require government to keep them in business. If the USA was more active in exploiting its own oil resources it would not be so much at the mercy of OPEC. And without the anti-drug laws the dope cartels would be out of business. And so we come to the climate cartel. You know the story. Without laws enacted by government.......

H/T EU Referendum

Cross Posted at Power and Control

posted by Simon on 12.20.09 at 09:21 AM


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