Carbon Trading: Environmental Godsend or Giant Shell Game?
Mainstream financial institutions including Merrill Lynch, J.P. Morgan, Deutsche Bank, and Goldman Sachs are joining the booming carbon market, which continues even through the current economic jitters. According to the World Bank, global trades in this market in 2007 were valued at more than $64 billion, more than doubling since 2006. Full Story »
Posted by Dwight Rousu
Carbon trading is a disguised tax on oil and coal. If you believe in global warming and think reducing CO2 will fix it than it makes sense to support a tax and make gas cost $20 a gallon.