Al Gore help setup Cap and trade exchange company
09/03/10 16:04 Filed in: Personal
A lot has been in the news regarding the “Cap and Trade” system being proposed in the US. The scheme allows companies to trade the taxation of pollution with other companies (that are greener) in a global “exchange”. This whole mechanism being pushed forward by proponents of man made global warming, such as Al Gore.
Now there is considerable opposition to “Cap and Trade” as an environmental mechanism as it removes limits of big business to pollute allowing them to simply buy themselves out of tax, passing higher costs onto the consumer. While this might sound great for a car company that would price itself out of the market, the worlds greatest polluters are in fact power companies. Electricity generation produces a third of CO2 emissions in the UK alone (look it up). So when they increase costs and consumers have no alternative supplier... where does that lead?
So the only people Cap and Trade will benefit will be those who run the operation, which takes a cut of all transactions. This company would stand to make billions of dollars.
The company that will run the exchange is called “Climate Exchange Plc” - who will operate the European and US climate exchanges.
So... take a wild guess who owns them?
Chairman Richard Sandow
Top ten share
Investo Asset mgr
The Insiders (18.94% - Of
Now there is considerable opposition to “Cap and Trade” as an environmental mechanism as it removes limits of big business to pollute allowing them to simply buy themselves out of tax, passing higher costs onto the consumer. While this might sound great for a car company that would price itself out of the market, the worlds greatest polluters are in fact power companies. Electricity generation produces a third of CO2 emissions in the UK alone (look it up). So when they increase costs and consumers have no alternative supplier... where does that lead?
So the only people Cap and Trade will benefit will be those who run the operation, which takes a cut of all transactions. This company would stand to make billions of dollars.
The company that will run the exchange is called “Climate Exchange Plc” - who will operate the European and US climate exchanges.
So... take a wild guess who owns them?
Chairman Richard Sandow
Top ten share
Investo Asset mgr
The Insiders (18.94% - Of