The Carbon Credit Trading Ponzi Scheme
By: David Deschesne
Editor/Publisher, Fort Fairfield Journal June 22, 2016
There’s big money in fear mongering and even surer profits if you can convince governmental powers to go along with it. One of the greatest hoaxes ever perpetrated by man on his fellow man has been the myth of man-made “climate change.” I’ll write more in a future editorial on how the globalists who seek to control the world through fear have refined their climate mantra from fear mongering a “global cooling” meme to a “global warming” meme, all the way through to today’s “climate change” ideology in order to confiscate the wealth of industrialized nations and transfer it via a Communist control mechanism to the undeveloped, non-industrialized nations of the world.
At this point in time, I would like to explain the Carbon Credit trading system and how it is essentially a ponzi scheme designed to make non-governmental organizations filthy rich while putting forth the narrative that their system somehow reduces the amount of Carbon Dioxide in the atmosphere.
As an aside, I just want to remind everyone with two brain cells to rub together that the deadly gas the mainstream media and the likes of Al Gore have been trying to convince us all will be the ultimate demise of humanity, is a gas that is consumed by the tons worldwide on a daily basis by all green plants. Carbon Dioxide—a/k/a/ CO2 is a food source for green plants and trees and when they “eat” it, they turn it back into oxygen that is released back into the atmosphere. The more CO2 there is in the air, the faster green plants grow and consume it.
So, why is Al Gore so intent on pushing a Carbon Credit scheme? Could there be some profit potential in there for him? As you will see in the following diagrams, Carbon Credit trading does absolutely nothing to actually reduce the overall net CO2 in the air.
The Scheme
Here’s how the scheme works. Let’s say you have a manufacturing facility that produces 50 tons of CO2 per year. We’ll call that one “Factory A”
Now let’s look at another manufacturing facility that also produces 50 tons of CO2 per year. We’ll call that one “Factory B.”
Using simple math—which seems to be a challenge to many people today—we can see that the total annual CO2 output of both manufacturing facilities is 100 tons per year. These facilities do not need to be in the same area, they can be in different parts of the world.
Now, let’s suppose Factory A, which has been producing 50 tons of CO2 annually for years, has either scaled back its operations or upgraded its manufacturing process to streamline the amount of CO2 it emits. Let’s say these changes amount to an annual reduction of 25 tons per year, or half of their original output.
Factory A now can have an accredited CO2 surveying company certify that they had been emitting 50 tons of the deadly gas before, but are now emitting only 25 tons. That surveying company will then issue them a certificate for 25 tons of CO2 that they can then sell on the world market to another factory who wants to increase their CO2 pollution output.
Now comes Factory B. They, too have been producing 50 tons per year but demand for their product has increased and they have found the need to increase production. This increase in production will cause them to emit more CO2 than they did formerly. Since the addition of pollution control equipment would be cost prohibitive compared to purchasing somebody else’s carbon reduction certificate, they go to the Carbon Credit Trading Exchange and purchase Factory A’s certificate for 25 tons of CO2. This allows Factory B to increase their output of CO2 by 25 tons annually with no legal issues accruing against them.
Using the same simple math, we see that Factory A, with 25 tons of CO2 output per year and Factory B, with 75 tons of CO2 output per year still add up to 100 tons per year. Nothing has changed. All that has happened is the amount of CO2 emitted has been divided up differently between two factories.
This also applies to electricity usage if the electricity comes from coal burning plants. If a school or business cuts back on electricity usage and “reduces their carbon footprint” they can get that certified, then sell that certificate on the open market to another company or business to increase their own emissions.
But that’s not the really interesting part of the cap and trade ponzi scheme. You see, in order for this scheme to function you need a veritable army of carbon credit surveyors to do the bureaucratic work of assessing and issuing certificates for the amount of CO2 that has been reduced. You will also need a carbon credit exchange—sort of like a New York Stock Exchange for carbon certificates—for people to actually buy and sell them. There is currently an exchange set up in the U.S. called the Chicago Climate Exchange.
According to a report on www.humanevents.com, “CCX has about 80 members that are self-confessed emitters of greenhouse gases. They have voluntarily committed themselves to reduce their emissions by the year 2010 to a level 6% below their emissions in 2000. CCX members include Ford Motor Company, Amtrak, DuPont, Dow Corning, American Electric Power, International Paper, Motorola, Waste Management and a smattering of other companies, along with the states of Illinois and New Mexico, seven cities and a number of universities. Presumably the members ‘purchase’ carbon offsets on the CCX trading exchange. This means they make contributions to or investments in groups or firms that provide forms of 'alternative,' 'renewable' and 'clean' energy. CCX also has ‘participant members’ that develop the carbon-offset projects. They have names like Carbon Farmers and Eco-Nomics Incorporated. Still, other participant member groups facilitate, finance and market carbon-offset projects to ‘sequester, destroy or displace’ greenhouse gases. CCX aspires to be the New York Stock Exchange of carbon-emissions trading.”
The Carbon Neutral Company operates as a carbon exchange across the pond, in England. Al Gore is heavily invested in carbon credit exchanges that buy and sell these carbon certificates, which is why he’s so interested in peddling the “climate change” mantra. Oops, I guess that’s an ‘inconvenient truth’ for Mr. Gore!
Needs Government Force
The system just explained exists in skeletal form right now. What it needs is the power of government to mandate or cap a limit on carbon emissions nationwide which would thus force companies who want to expand to have to either purchase expensive pollution control equipment, or go to the carbon credit exchange and purchase much cheaper CO2 emission certificates (of course, with the Exchange and its affiliated brokers all getting a percentage of the sale). As you can see, the profit potentials here are limitless. Either the pollution control people are going to be making exorbitant profits due to the heavy hand of government mandates (like the auto and health insurance companies are doing, today), or the carbon surveying and carbon credit exchange companies and their brokers are going to be making exorbitant profits due to those same heavy handed government mandates.
We currently don’t have the laws in place worldwide to make the above venture profitable on a global scale, but the interested parties are working feverishly through the United Nations and various countries’ governments to enact “Cap and Trade” legislation worldwide.
According to climatecentral.org, Europe has a cap and trade program, two cap-and trade programs are currently in operation in the U.S., and other states are considering creating more. In the Spring of 2015 the Environmental Protection Agency (EPA) proposed a plan which mandated new carbon dioxide limits. The so-called “Clean Power Plan” would force states with “dirty” electricity - such as that produced by coal - to buy a portion of their electricity usage from states with surplus “clean” electricity, such as that produced by wind, hydro, or solar.
One of the most recent pushes to mandate the cap and trade ponzi scheme on a worldwide scale was the Climate Change Summit in Paris, France. Cap and Trade was discussed along with the idea of placing a worldwide tax on carbon emissions that would then be redistributed to the poorer countries of the world, much like welfare benefits, with the United Nations administering the deal and skimming a significant portion of the funds off the top to cover their “administrative expenses.” It’s the old-line Communist redistribution of wealth scheme repacked and tied up with a neat little “green” bow.
Climate Change Fear Mongering
Before you can get governments to go along with the “climate change” ponzi scheme, you first have to get their respective citizens to buy into the lie; the lie that increased levels of CO2 are going to kill us all and that any changes in the climate are directly attributable to man’s activities via industry (and not increased activity on the surface of the sun). You also have to make the citizenry forget that those CO2 filters called green plants and trees actually keep the CO2 levels in check without the need for excessive and confiscatory taxation and cap-and-trade schemes.
Ever since the leaked e-mails of the “Climategate” scandal of 2009-2010 there have been continuing reports of NASA, NOAA and sundry other weather data collection centers either skewing, or outright falsifying their information to make it appear the climate is changing specifically due to man’s industrial activities. These purposeful deceptions are done so interested parties can get the systems in place to amass enormous profits from the inhabitants of the world—all with the awesome force and power of authoritarian governments to back them up.
Before you quip, “that’s okay, those evil industrialists have enough money to pay the carbon taxes,” you need to stop and think where manufacturing companies get the money to pay those taxes. That’s right, they get that money from you and me— their customers. All costs and overhead expenses are simply added on to the cost of the products that we eventually end up buying. So, at the end of the day, we all end up paying the taxes that eventually land in the coffers of the fabulously rich and wealthy who essentially own and operate the governments of the world, today.
Blood and Gore
I’m not even being facetious or melodramatic here with the above header. Former U.S. Vice President, Al Gore partnered up with a British man named David Blood in 2004 to create a climate change investment company called Generation Investment Management (GIM). Mr. Blood was the former Chief Executive of Goldman Sachs Asset Management. GIM is also owned by a collection of other Goldman Sachs cronies. Goldman Sachs has been a major government-controlling puppet master for decades.
The London-based GIM invests money from institutions and wealthy investors in companies that are going green. In 2006, GIM bought 10 percent of Chicago Climate Exchange shares for $23 million. CCX owns half of the European Carbon Exchange so there are plenty of profits to be made by Gore and his gaggle of Goldman Sachs cronies if they can convince enough people to fall for their man-made Climate Change fear-mongering rhetoric.
