Tuesday, February 23, 2010
Pinko-green economics
.. in all its glory: Corus is owned by Tata Steel of India. Recently, Tata received “EU-carbon-credits” worth up to £1bn, ostensibly so that steel-production at Redcar would not be crippled by the EU’s “carbon-emissions-trading-scheme”. By closing the plant at Redcar – and not making any “carbon-emissions” – Tata walks off with £1bn of taxpayers’ money, which it will invest in its steel-factories in India, where there is no “carbon-emissions-trading-scheme”.
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Thus we pay billions of dollars to the Asian countries for the right to continue emitting CO2 and other greenhouse gases here in the West, including the £60 million contributed by British taxpayers to keep our civil servants warm. As a result we enrich a small number of people in China and India, including Maurice Strong, who now lives in exile in Beijing, having been caught out in 2005 for illicitly receiving $1 million from Saddam Hussein in the “Oil for Food” scandal. He played a key part in setting up China’s carbon exchange, to buy and sell the CDM credits administered by the UNFCCC – of which Strong himself was the chief architect.
Pepean cloaca hard at work. Pay up, Herr Rot, pay up.
Rott flows the Don
Green jizya?
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