Latest Green Scam

The latest “global warming” scam is known as the Clean Development Mechanism, set up under the 1997 Kyoto Protocol, and administered by the usual suspects at the UN. In essence, Chinese and Indian firms deliberately produce large quantities of powerful “greenhouse” gases which the West then pays them billions of dollars to destroy. Last year, destruction of these gases accounted for more than half the CDM credits issued, in a market estimated to be worth $17 billion. Even Green activists are outraged by this ridiculous racket and the Environmental Investigation Agency has described it as the “biggest environment scandal in history”. The CDM’s chief source of revenue is the EU’s $100-billion-a-year Emissions Trade Scheme which we pay for in various ways, not least through our electricity bills.

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