Billions With a "B"

I know I've asked this question before, but when you come across stories like this, you can't help but wonder. So who do you think is making more money off of this whole global warming thing? Those who are trying to prove it's not really an issue or those who are claiming that doomsday is just around the corner if we don't change our devilish ways?

Well, from the folks that brought you the scantly publicized, yet highly lucrative Oil-For-Food scandal comes a new story of greed, deception and lust (ok, maybe not lust- that's a different UN story)

Billions wasted on UN climate programme

Now for those of you who know a thing or two about the UN, this story may not come as much of a surprise, after all the UN has been criticized numerous times in the past for their propensity towards feebleness in many situations where true leadership was needed. Well this is no doubt, just another textbook example. According to the article, here's just some of the charges being leveled against the UN in their latest folly to save the planet from too much carbon emissions...

"Leading academics and watchdog groups allege that the UN's main offset fund is being routinely abused by chemical, wind, gas and hydro companies who are claiming emission reduction credits for projects that should not qualify. The result is that no genuine pollution cuts are being made, undermining assurances by the UK government and others that carbon markets are dramatically reducing greenhouse gases, the researchers say."

If you haven't figured it out already, this carbon offset thing is nothing more than the original shell-game (with much higher stakes of course)...

"The market for UN's CDM (Clean Development Mechanism) credits is growing fast. At present it is worth nearly $20bn a year, but this is expected to grow to over $100bn within four years. More than 1,000 projects have so far been approved, and 2,000 more are making their way through the process."

Like I said, a lot of real green is in play here folks. When sums of money like this are involved, serious corruption is always a possibility. What's more alarming in my mind however is that all of this is all based on theoretical science that to this day, has not been settled.

Reminds me of when my Mom used to sell Xango.