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« Shelling out for windfarm operators | Main | Another view that must not be heard »

Scam, scam, scam - Josh 339

Another well known scam that does not seem to bother 'them upstairs'. Astonishing.

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Carbon credits bring Lakshmi Mittal £1bn bonanza

LAKSHMI MITTAL, Britain’s richest man, stands to benefit from a £1 billion windfall from a European scheme to curb global warming. His company ArcelorMittal, the steel business where he is chairman and chief executive, will make the gain on “carbon credits” given to it under the European emissions trading scheme (ETS).

The scheme grants companies permits to emit CO2 up to a specified “cap”. Beyond this they must buy extra permits. An investigation has revealed that ArcelorMittal has been given far more carbon permits than it needs. It has the largest allocation of any organisation in Europe


Aug 25, 2015 at 8:41 PM | Unregistered Commenteresmiff

Robbing Hoodies, rarely seen, once beneath their Green Cloaks of Invisibility, Self Righteousness, UNprecedented Wealth and Immunity from Justice.

Aug 25, 2015 at 10:10 PM | Unregistered Commentergolf charlie

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Aug 26, 2015 at 12:00 AM | Unregistered CommenterIt doesn't add up...

People who hope to benefit from this scam, will be the ones clamouring the loudest for urgent action in Paris.

The secret to Al Gore's wealth continues to be a major inspiration, and he is not going to give it away.

Meanwhile, Sepp Blatter admits to there being corrupt people in FIFA, but he wasn't one of them.

Nero fiddled as Rome burnt. Today's leaders have no need to burn Rome.

Aug 26, 2015 at 12:04 AM | Unregistered Commentergolf charlie

"Them upstairs" are well rewarded, thank you very much.

Aug 26, 2015 at 5:58 AM | Registered CommenterPhillip Bratby

It doesn't add up...
Me too

Aug 26, 2015 at 7:20 AM | Unregistered CommenterSandyS

Wroth remembering that St Gore was also hopping to make a vast pile of cash out of of selling 'Carbon credits' and he was by no means the only one , the market could have been massive with hundreds of billions to be had.

Although we can all be thankful it largely died on its arse there are some trying to get it going again and hopping Paris , through enforced government legislation , will the means to do this .

Aug 26, 2015 at 10:03 AM | Unregistered Commenterknr

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