Canadian Government Funding Climate Change Denial Lobby Group

While the world’s attention is focused on Copenhagen for the Climate Change Conference, back at home Sierra Club Canada and the Rideau Institute are calling on Prime Minister Harper to stop funding an organization that promotes denial of climate change. The Chrysotile Institute is a registered lobby group fo

“Only a few days ago Minister Prentice told the Commons Environment Committee he believes in science-based policy. Yet, his government is paying a lobby group to spread discredited misinformation and promote climate change denial,” said John Bennett, executive director of Sierra Club Canada.

Canadian Government Funding Climate Change Denial Lobby Group | Mostly Water

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• Climate-change skeptics gain from Ottawa funding (cbc.ca)

Global Warming: "Fixing the Climate Data around the Policy"

by Michael Chossudovsky

The Real Crisis

..."The Copenhagen Summit not only serves powerful corporate interests, which have a stake in the global multibillion dollar carbon trading scheme, it also serves to divert public attention from the devastation resulting from the "real crisis" underlying the process of economic globalization and a profit driven war without borders, which the Pentagon calls "the long war".

We are at the crossroads of the most serious crisis in modern history. War and economic depression constitute the real crisis, yet both the governments and the media have focused their attention on the environmental devastation resulting from CO2 emissions, which is upheld as the greatest threat to humanity.

The Multibillion Dollar Carbon Trading System

The carbon trading system is a multibillion money-making bonanza for the financial establishment. The stakes are extremely high and the various lobby groups on behalf of Wall Street have already positioned themselves.

According to a recent report, "the carbon market could become double the size of the vast oil market, according to the new breed of City players who trade greenhouse gas emissions through the EU's emissions trading scheme... The speed of that growth will depend on whether the Copenhagen summit gives a go-ahead for a low-carbon economy, but Ager says whatever happens schemes such as the ETS will expand around the globe." (Terry Macalister, Carbon trading could be worth twice that of oil in next decade, The Guardian, 28 November 2009)

The large financial conglomerates, involved in derivative trade, including JP Morgan Chase, Bank America Merrill Lynch, Barclay's, Citi Bank, Nomura, Société Générale, Morgan Stanley and Goldman Sachs are actively involved in carbon trading.( FACTBOX: Investment banks in carbon trading | Reuters, 14 September 2009)

The legitimacy of the carbon trading system rests on the legitimacy of the Global Warming Consensus, which views CO2 emissions as the single threat to the environment. And for Wall Street the carbon trading system is a convenient and secure money-making safety-net, allowing for the transfer of billions of dollars into the pockets of a handful of conglomerates.

"Every major financial house in New York and London has set up carbon trading operations. Very big numbers are dancing in their heads, and they need them to replace the "wealth" that evaporated in the housing bust. Louis Redshaw, head of environmental markets at Barclays Capital, told the New York Times, "Carbon will be the world's biggest market over all." Barclays thinks the current $60 billion carbon market could grow to $1 trillion within a decade. Four years ago Redshaw, a former electricity trader, couldn't get anyone to talk to him about carbon." (Mark Braly, The Multibillion Dollar Carbon Trading, RenewableEnergyWorld.com, 5 March 2008)"

Global Warming: "Fixing the Climate Data around the Policy"

Is there any real chance of averting the climate crisis?

Nasa's James Hansen was the first to point out the perils of climate change to the US Congress. Here, he begins a heated debate with experts from around the world, from China to the threatened Maldives, and argues that our leaders must be shaken out of their complacency. But will they show enough courage at next week's Copenhagen summit to take the first steps to saving the planet?

Is there any real chance of averting the climate crisis? | Comment is free | The Observer

Crunch Time for Planet Earth

By Amitabh Pal

It’s crunch time for Planet Earth.

The climate change negotiations in the run-up to the Copenhagen summit seem to be deadlocked.

“America indicated yesterday that a legally binding agreement was probably impossible, and acceptance is growing among both rich and poor countries that no binding deal will be reached in Copenhagen next month, and that talks could drag well into 2010 or beyond,” The Guardian reports.

Crunch Time for Planet Earth | The Progressive

'shock therapy' for world leaders on environment

The United Nations is planning a form of diplomatic shock therapy for world leaders this week in the hope of injecting badly needed urgency into negotiations for a climate change treaty that, it is now widely acknowledged, are dangerously adrift.

As the digital counter ticking off the hours to the Copenhagen summit – which had been supposed to seal the deal on climate change – hit 77 days today, progress at the UN summit in New York is seen as vital. Nearly 100 heads of state and government are to attend the summit, for which a pared-down format has been devised.

Climate change: UN plans 'shock therapy' for world leaders on environment | Environment | The Observer