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 Post subject: Carbon Trading
PostPosted: December 9th, 2010, 11:53 am 
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Joined: July 17th, 2002, 7:00 pm
Posts: 1598
Location: Toronto, Ontario Canada
Take a look at this!
Also I've attached one ton of CO2 so please send me a cheque for $45.00 for it! :lol:

http://opinion.financialpost.com/2010/1 ... rbon-scam/

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 Post subject: Re: Carbon Trading
PostPosted: December 9th, 2010, 2:13 pm 
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Joined: June 11th, 2005, 11:19 am
Posts: 1870
Location: Boise, ID
Sounds like there needs to be criminal proceedings against the traders who exploited the system, and falsified their account information. The controversy is not that this happened (it is illegal … fraud exists in the world), but when did the Climate Minister learn about it, and what steps did she take to prevent it. Trading abuses happen every day, and in every market. Insider trading, for example, is one of the most difficult crimes to prove. Apparently, the accounts were falsified before she came into office, and before she issued more stringent rules that have been successful preventing these illegal activities from continuing. But not good enough for her opponents (and Mr. Solomon), since she never made a public issue of the history of trading abuses (most likely, motivated by an interest to avoid bad publicity for the program). Does this mean the program is a failure, no, does this mean she should have been more forthcoming with the press, yes.

Solomon is wrong on the legality and timing of these activities: there was a massive sting and hundreds of people arrested. He's obviously getting pretty desperate drumming up a story from six months ago just to sling mud at the climate talks in Cancun. I would recommend you return your $45 windfall (jail time just doesn't suit you).


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 Post subject: Re: Carbon Trading
PostPosted: December 13th, 2010, 6:49 pm 
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Joined: February 8th, 2005, 10:34 pm
Posts: 726
If a ton of carbon is worth $ 45, how much is a ton of bovine sourced organic fertilizer worth?

Probably not much. There's so much of it out there, it might even be free.


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 Post subject: Re: Carbon Trading
PostPosted: December 13th, 2010, 7:36 pm 
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Joined: June 11th, 2005, 11:19 am
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Location: Boise, ID
Indeed, the stuff you step in can be noxious, and even very expensive to clean up. Costs for Sulfur Dioxide (SO2) can run around $200/ton under prevailing acid rain emissions trading programs (it fluctuates), and Nitrogen Oxide (NOx) around $2,000/ton (but are highly tied to prevailing ozone conditions). When pollution is free … everyone loses!


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 Post subject: Re: Carbon Trading
PostPosted: December 20th, 2010, 10:30 pm 
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Joined: February 8th, 2005, 10:34 pm
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Bad enough to step in it. But we can clean our own shoes.

What's really bad is when they bury us in it, and then charge us for the clean-up but don't actually do the clean-up.


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