Category Archives: Cap-and-Trade
Skepticism required in the face of Obama’s terror warnings
As new information surfaces about last year’s attack on the U.S. Consulate in Benghazi, Libya, and as the National Security Agency scandal continues to swirl throughout the media, the Obama administration has come out with a worldwide warning about the possibility of serious terrorist attacks.
Please forgive my skepticism. The news media need to dig into the timing and motivation of these warnings, coming as they do against the backdrop of scandals, particularly when the administration has created what it thinks is a win-win situation. Simply put, if the attacks fail to occur, President Obama’s team can claim that they thwarted them. If the attacks do occur, the administration can say it provided fair warning. But that’s a fool’s bargain when dealing with terrorists who can simply strike another day.
In an hour-long broadcast Tuesday, “The Truth About Benghazi,” CNN reported that dozens of CIA operatives were on the ground in Benghazi on Sept. 11 — something the agency has apparently tried to cover up. That’s the night Ambassador J. Christopher Stevens and three other Americans were killed.
CNN reported the CIA may have been moving surface-to-air missiles out of Libya and into the hands of Syrian rebels. The CIA declined to comment on the claim.
Such information brings the Benghazi issue — one the administration thought had lost significant traction — back into public view. If the CIA had people on the ground, why were Stevens and the three others essentially left to die?
The Department of Justice filed a sealed indictment against a Libyan militia leader on the same day CNN broadcast its report on the Benghazi attack. Amazing coincidence? Please forgive my skepticism again.
By promoting its efficiency in picking up the chatter about possible terrorist attacks, the intelligence community may believe it can quiet critics outraged by the revelations of the NSA’s widespread domestic surveillance programs — information leaked by onetime NSA contractor Edward Snowden to Glenn Greenwald of The Guardian.
Once again, pardon my skepticism. The NSA scandal is unlikely to die down anytime soon, despite the terrorist threat taking over the news for this week. And think about it for a moment. Do you honestly believe that the leader of al Qaeda communicates with his right-hand man in Yemen without considering how many other sets of ears may be listening? I strongly doubt it.
Now is the time for reporters to look to their confidential sources about the nature of the terrorist threats. One problem exists — one you might have missed last week. The Justice Department won a key victory in the U.S. Court of Appeals to force a reporter for The New York Times to reveal his confidential sources about information he published in a book on the Iranian nuclear program. That decision creates a significant chill among sources who might want to talk about severity of the current threat.
I spent a decade reporting about Middle East terrorism for Newsweek and ABC News. Terrorists typically have several objectives. One is to inflict death and destruction. Another is to create fear among the civilian population of a stronger adversary, such as the United States, and its allies.
By closing 22 embassies and consulates throughout the Middle East and North Africa and keeping 19 of them shut for the rest of the week, the Obama administration has already given the terrorists a major public relations victory.
Remember during the campaign when Mr. Obama constantly said al Qaeda was on the run? Maybe he wanted to use intelligence information back then to get re-elected. Now maybe he and his administration want intelligence information to provide cover for a variety of scandals. The dots really don’t need to be connected; the connections are all too obvious.
• Christopher Harper is a professor at Temple University. He worked for more than 20 years at the Associated Press, Newsweek, ABC News and “20/20.” He can be contacted at email@example.com. Twitter: @charper51.
A $14 Trillion Extortion for a Global Warming Scam
“Nobody in this country realizes that cap-and-trade is a tax – and it’s a great big one.”
The latest megalomaniacal threat from the financial globalists wants to saddle the world economy with a cost of trillions of dollars that benefits favorite corporatists. The phony global warming cult has a core purpose. Their objective is to drive down the standard of living for non-elites and prevent the use of fossil fuel energy. The fallacious science used to create a disinformation scare for politically unsophisticated “True Believers” is a direct result of transnational money manipulators. The Davos crowd sponsors the educational and media institutions that trump up junk research and manufacture idealistic solutions.
Make no mistake about it, the Davos Elites Enjoys the Global Depression, and love corporate welfare. They greatly profit from government subsidized “Green” ventures, which drive up energy costs and line the pockets of compadre companies, under the control of the financial barons. As the rest of us struggle to survive, pronouncements declare an every greater burden to bear. Note the ominous future in Davos Report Calls For Additional $14 Trillion To Restrain Global Warming.
“The world must spend an additional $14 trillion on clean energy infrastructure, low-carbon transport and energy efficiency to meet the United Nations’ goal for capping the rise in average global temperatures, according to a World Economic Forum report released on Monday.”
Former Mexican President Felipe Calderon states the globalist viewpoint.
“Economic growth and sustainability are inter-dependent, you cannot have one without the other, and greening investment is the pre-requisite to realizing both goals.”
What can be expected from these “greening investment” projects? In order to anticipate future plans, a comprehensive understanding of the past and present shady business practices is crucial.
Examine the industrial wind and solar model in detail. The Washington Post reports in, Sting operations reveal Mafia involvement in renewable energy, is just the tip of the iceberg.
“The still-emerging links of the mafia to the once-booming wind and solar sector here are raising fresh questions about the use of government subsidies to fuel a shift toward cleaner energies, with critics claiming that huge state incentives created excessive profits for companies and a market bubble ripe for fraud. China-based Suntech, the world’s largest solar panel maker, last month said it would need to restate more than two years of financial results because of allegedly fake capital put up to finance new plants in Italy. The discoveries here also follow “eco-corruption” cases in Spain, where a number of companies stand accused of illegally tapping state aid.
Because it receives more sun and wind than any other part of Italy, Sicily became one of Europe’s most obvious hotbeds for renewable energies over the past decade. As the Italian government began offering billions of euros annually in subsidies for wind and solar development, the potential profitability of such projects also soared — a fact that did not go unnoticed by Sicily’s infamous crime families.
Roughly a third of the island’s 30 wind farms — along with several solar power plants — have been seized by authorities. Officials have frozen more than $2 billion in assets and arrested a dozen alleged crime bosses, corrupt local councilors and mafia-linked entrepreneurs. Italian prosecutors are now investigating suspected mafia involvement in renewable-energy projects from Sardinia to Apulia.”
The in-depth analysis, Big Wind Energy Subsidies: A Hurricane of Carnage, Cronyism and Corruption is a good primer on the way plungers game the system and pay off politicians at the taxpayers’ expense.
“Lewis “Lew” Hay, III is executive chairman of NextEra Energy, Inc., and it is estimated by Forbes, that CEO “Hay earns nearly $10 million in total compensation from NextEra.” Despite the fact that Hay was actually a “major political contributor to Sen. John McCain in 2008,” he quickly learned which side his power company could generate the title of the “Third Largest Recipient of DOE Risky Loans.” Hay too joined wealthy Democratic donors on Obama’s Jobs Council in 2011, along with the other two I have tackled in this series, “Spreading the Wealth to Obama’s Ultra-Rich Job Council” –– Jobs Czar, Jeffrey Immelt CEO of General Electric has raked in $3 billion and counting, meanwhile John Doerr, along with his “climate buddy” Al Gore’s, VC firm Kleiner Perkins is tied to at least $10 billion of stimulus funds. Both General Electric and Doerr were key contributors to what went into the 2009 Stimulus.
No matter how you slice it, whether we are sending money abroad or fueling corporate welfare here in the United States as well as the egregious practice of crony capitalism, the 2009-Recovery act is a lie, a travesty and a scam, favoring wealthy financial backers of President Obama and the Democratic Party as well as those with influential political connections to both. And with a president that’s dead set on pushing a fierce and radical climate change agenda and funding green energy with taxpayer money, no matter the long list of failures, there is no end in sight to this green corruption scandal.
Besides NextEra Energy taking full advantage of the federal production tax credit (PTC), we now can confirm that the Bank of Obama has rewarded this conglomerate of a power company, and his millionaire job council buddy Lewis Hay, with two large DOE loans ($2.3 billion); one large stimulus smart-grid grant ($200 million); and six 1603 stimulus grants totaling $398.5 million. Thus NextEra’s green tab is on its way to $3 billion of taxpayer money, and that’s not factoring in the PTC.”
With this background and sorry record of corruption to build upon, the World Economic Forum at Davos sets the agenda for the global economy.
Davos 2013: Green Governance To ’Save the World’ is all about enacting their Agenda 21 authoritarianism. Elizabeth Leafloor from RedIceCreations.com writes:
“The WEF suggests a crisis of leadership and debt are some of the biggest challenges facing the world, and that ’global governance’ is the key to stabilization. Pascal Lamy, director-general of the World Trade Organisation, said: ‘We need proper global governance that has the necessary tools, power and energy to create a more level playing field at the international level.’
At the end of the day, a push for increased global governance and an environmental agenda is on the table for Davos 2013, under the banner of ’Resilent Dynamism’:
“Mr. Klaus Schwab (WEF Founder and executive chairman) said that the world is seeing “a new reality of sudden shocks and prolonged global economic malaise, particularly in major economies experiencing economic austerity”. He also mentioned, “Future growth in this new context requires dynamism – bold vision and even bolder action.
Either attribute – Resilience or Dynamism – alone is insufficient, as leadership in 2013 will require both”.
The “Greening” leadership translates into forcing upon the world a “Cap and Trade” dictatorship. The Calderon bandits that sip champagne from their Swiss chateau want to extend their aristocratic bondage upon a gullible public. The proper dictum is “Save the World” from the New World Order elites.
Read the Lieberman-Warner Climate Security Act – S. 2191, for the vision of the controlled carbon-trading scheme.
“The L-W CSA allows covered facilities to satisfy up to 15% of their compliance obligation with specific domestic offsets. An additional 15% can be covered using international emission allowances. Unlimited banking is allowed and owners and operators of covered facilities can borrow up to 15% of their annual compliance obligation from future years. The L-W CSA also creates a Carbon Market Efficiency Board to monitor the carbon trading market and implement specific cost relief measures, including increased borrowing and use of offsets.”
What a boondoggle for the consumer and a windfall for organized crime. If you worry about mob infiltration into this extortion racket, you had better focus on the true mafia; namely, the globalist plutocrats.
If the disclosed goal is to extract $14 Trillion from the distressed world economies, one can only reasonably conclude that the surreptitious objective is to widen the income gap between the ultra-rich and the peons. People pay the costs of taxation exploitation. The privileged elites view the masses as useless eaters, destined to be herded into pens of servitude.
The fake global warming panic is pure political propaganda, used to bolster a guilt complex to justify insider theft. A Cap and Trade ploy is designed to push up the costs of fossil fuel with full knowledge that “Greening Dreams” are no substitutes to real energy.
Research projects into technological alternative sources, based upon efficiency and reliability standards are valid. However, allowing governmental cronyism to impose limits on cheap energy, distorts the marketplace. The Davos crews of corporatist gangsters fly into their feast on private jets. The sycophant media reporting by the business toadies that attend the gala celebration of global autocracy should be indisputable evidence that the globalist own the public relations spin.
Even so, such distorted coverage does not blind those who understand the true nature of the planetary struggle. The monopolist plan for adding unwarranted tolls on your family budget, sold as a noble necessity, will only accelerate the systematic impoverishment of your economic existence.
- A $14 Trillion Extortion for a Global Warming Scam (veteranstoday.com)
- DRIESSEN: Obama’s wishful thinking on green energy (washingtontimes.com)
European cap-and-trade market takes a nose dive
The European Union’s cap-and-trade system took a huge hit on Thursday, with carbon prices plummeting a record 40 percent after a panel rejected a plan to delay emission permit sales to alleviate the overabundance of permits already in the system.
“The market is panicking, really,” Daniel Rossetto, managing director of Climate Mundial, told Bloomberg, adding that traders fear that Europe’s carbon emissions market won’t continue past 2020.
An excess of carbon emission permits in the 54 billion euro trading system drove the price down 91 percent from its record high in April 2006. Carbon permit prices sank to a record low of 2.81 euros ($3.75) per metric ton immediately after the panel rejected the EU plan. However, prices slightly rebounded to 4.33 euros per metric ton.
“This should be the final wake-up call,” said EU Climate Commissioner Connie Hedegaard in a statement. “Something has to be done urgently. I can therefore only appeal to the governments and the European Parliament to act responsibly.”
The Financial Times reports that the carbon market has seen two record-low prices within the last four days, causing some analysts to say carbon permits are “worthless.”
The European Commission wanted to temporarily delay the sale of 900 million permits to alleviate the current overabundance. Analysts say this move would have boosted prices, but not high enough to provide sufficient incentives for utilities to switch to cleaner energy sources, reports the Guardian.
However, the plan was met with resistance from various governments, industries, and lawmakers.
Joachim Pfeiffer, economy spokesperson for German Chancellor Angela Merkel’s party, said the plan was “absurd” and would impose higher costs on German industry.Reuters reports that the bank Societe Generale cut its EU carbon price forecast from 2013 to 2015 by 30 percent, due to prices plunging to record lows.
“Negative news and events relating to the EU [Emissions Trading System] continue to pile up and come from all sides. So it is not at all surprising that EUA prices have fallen and have continued to be quite volatile,” they said. “The EU ETS has become a one-way market, spiraling down.”
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- EU Carbon Permits ‘Worthless’ Without Change of Rules, UBS Says (bloomberg.com)
- Carbon price under EU emissions Trading System hits all-time low (seeker401.wordpress.com)
- EU Carbon Market Is at Risk of Total Collapse, Lawmaker Says (bloomberg.com)
- EU’s carbon market suffers after parliamentary vote (reuters.com)
- EU carbon price crashes to record low (aftermathnews.wordpress.com)
- EU carbon price crashes to record low (junkscience.com)