Bernie Madoff was small fry compared to this scam.
From Australia’s Carbon Sense Coalition
One of the fastest growing industries in the world is based on a pyramid of frauds and its inevitable collapse will be worse than the sub-prime crash.
The Global Warming Industry is now fed by billions of dollars from western taxpayers and consumers. It is based on the unproven and now discredited claim that man’s production of carbon dioxide causes dangerous global warming.
The basic fraud is this:
There is no evidence that carbon dioxide controls world temperature – just a theory and the manipulated results from a handful of giant computer models that very few people have checked or understand. But there is clear evidence from historical records of atmospheric carbon dioxide and temperature that carbon dioxide does not control temperature. Rather the reverse – as solar or volcanic heat warms the oceans, the waters expel carbon dioxide. Global warming causes an increase in atmospheric carbon dioxide, not the reverse.
Moreover, every day provides more evidence that current temperatures are not unusually high. Over the past 2000 years there have been two previous eras of warming (“the golden ages”) separated by two mini ice ages (“the dark ages”). Both the Roman Warming and the Medieval Warming were warmer than today and there was no human industry causing that warming.
The next fraud, invoked as the first fraud started to falter, is the claim that carbon dioxide is a pollutant in the atmosphere. Carbon dioxide is the food for all plants and thus the food source for all life on earth. It is not poisonous at any level likely to be experienced in the atmosphere and there is clear evidence that more carbon dioxide makes plants grow faster and bigger, and makes them more tolerant of drought, heat and salinity. Current levels are below those optimal for life.
A related scientific fraud is the claim that grazing animals increase atmospheric carbon. Any competent biologist can debunk this fraud by explaining the carbon food cycle.
Built on these frauds are the fraud-riddled carbon credit and carbon trading empires. The revelations of massive fraud in European carbon credits and the collapse of carbon trading on the Chicago Climate Exchange are harbingers of crises yet to surface. Carbon credits have no intrinsic value – they are dependent on political support, and this will always evaporate in time.
The next level of fraud is the alternate energy industry. Despite decades of subsidies and tax breaks the wind/solar power industry cannot survive unless the handouts continue, and their coal competitors are taxed heavily. To call these activities “industries” is a fraud – they are corporate mendicants.
Finally, those who waste millions on projects designed to prove the feasibility of burying carbon dioxide are committing a fraud on taxpayers and shareholders. There are no benefits of burying atmospheric plant food from any source. With zero benefits and huge costs CCS can never be “economic” and it is fraudulent to pretend it can ever be otherwise.
The global warming industry is a huge pyramid of financial and political fraud resting on a quasi-scientific foundation of quicksand.