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Wednesday, December 2, 2009

Climategate: it's all unravelling now

From the Telegraph:

So many new developments: which story do we pick? Maybe best to summarise, instead. After all, it’s not like you’re going to find much of this reported in the MSM....1. Australia’s Senate rejects Emissions Trading Scheme for a second time. Or: so turkeys don’t vote Christmas. Expect to see a lot more of this: politicians starting to become aware their party’s position on AGW is completely out of kilter with the public mood and economic reality. Kevin Rudd’s Emissions Trading Scheme – what Andrew Bolt calls “a $114 billion green tax on everything” – would have wreaked havoc on the coal-dependent Australian economy. That’s why several opposition Liberal frontbenchers resigned rather than vote with the Government on ETS; why Liberal leader Malcolm Turnbull lost his job; and why the Senate voted down the ETS....2. Danes caught fiddling their carbon credits. (Hat tip: Philip Stott) Carbon trading is the Emperor’s New Clothes of international finance. It was invented by none other than Ken Lay, whose Enron would currently be one of the prime beneficiaries in the global alternative energy market, if it hadn’t been shown to be (nearly) as fraudulent as the current AGW scam. It is a licence to fleece, cheat and rob........



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