Yep - news that Al
Wow - with friends like those Obama has few left as enemies.
Too Right is a supporter of enterprise and small government living in Auckland City. This blog will communicate his observations on issues that take his fancy. He welcomes comments on his blog.
“The idea that Meridian can magically convert thermal electricity into ‘certified carbon-neutral electricity’ by buying these sorts of carbon units is modern day hocus-pocus. It has as much credibility as the old church practice of penance where money could buy forgiveness for sins.Perfectly said.
...As the latest data from the (UK) Met Office's Hadley Centre shows global temperatures falling this year to a level only slightly above what they were in 1979, the International Energy Agency presents the G8 governments with a report calling for the world to spend $45 trillion (£23 trillion) on halving its carbon emissions by 2050.
That is more than two thirds of the entire output of all the economies on the planet. Admittedly some of this unimaginable sum, it says, should be spent on nuclear power stations. But trillions more should go on 215 million solar panels, hundreds of thousands of wind turbines and, inevitably, on those "carbon trading" schemes beloved of Al Gore, rapidly becoming the most insane commercial racket ever seen.
Yet, as the company cheerfully explained, it would have bought the incinerator used to burn off those gases anyway. In other words, the $500 million is a free gift, handed over to achieve precisely nothing. Hardly surprisingly, 3,000 more firms are queuing up to join a bonanza already worth $10 billion a year.This shows the global political system is run by lunatics for lunatics.