November 15, 2014

Man-made Global Warming Scam is About Creating Climate Billionaires Via Carbon Trading Schemes While Lowering the Standard of Living of Everyone Else

United Nations 'Green Climate Fund,' Which Taxpayers of Developed Countries Are Forced to Fund, Goes Directly into Private Equity Funds of the Financial Elite to Create Climate Billionaires Like Gore and Obama — Poor People of Undeveloped Countries Will Never Reap the Benefit

The people behind this scam are not altruistic environmentalists. They are financiers, investment banks and hedge funds. There is already a Carbon Credit Futures market, carbon credit trading exchanges in European (ECX) and in Chicago (CCX), and carbon credit derivatives products. Sound familiar? This is all about creating billions of dollars, quite literally, out of thin air, based up on a hoax, sold to us by world luminaries and super salesmen like Al Gore, who of course has invested heavily in all things to do with climate change, and is flying around the world in his private jet, peddling his wares. He is set to become the world’s first carbon billionaire, and if the “business” of carbon trading continues expanding, there will be many more to follow. Al Gore is chairman of Generation Investment Management (GIM). David Blood, the former chief executive of Goldman Sachs Asset Management, is the CEO. But the bottom line is that GIM is about making money. GIM owns a 10 percent stake in the Chicago Climate Exchange, and the Chicago Climate Exchange owns half of the European Climate Exchange. So if the United States and Europe adopt a government-enforced "cap and trade" carbon credit trading scheme, Al Gore and his fellow investors will rake in billions of dollars. The man-made global warming scare is the greatest scientific fraud in the history of mankind, and its associated carbon credit trading scam is the greatest hustle. [Source]

Goldman Sachs owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utah-based firm that sells carbon credits of the type that will be in great demand if the bill passes. Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets. There's also a $500 million Green Growth Fund set up by a Goldmanite to invest in greentech … the list goes on and on.

Maurice Strong and the Chicago Climate Exchange

The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong. For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming...
The Canadian born Strong is little known in the United States. That’s because he spends most of his time in China where he he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol...

These are the leaders in the Man-made Global Warming Movement... It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers...
Even as man-made global warming is being exposed as a money-generating hoax, Obama is working feverishly to push the controversial cap-and-trade carbon reduction scheme through Congress. Obama was never the character he created for himself in the fairy-tale version in “Dreams of My Father”. He’s the agent of Change and Hope for cohorts making money down at the Chicago Climate Exchange.

The Barbarians are pushing at the gate of the Global Warming fraud, and to borrow a line from children playing Hide and Seek, Here they come, ready or not!

Strong is on the Chicago Climate Exchange board of directors. The CCX “is North America’s only and the world’s first global marketplace for integrating voluntary legally binding emissions reductions with emissions trading and offsets for all six greenhouse gases.”

The more global warming gets hyped, once again by Al Gore, the more green technology is worth. So while Strong may be “a socialist in ideology,” he is definitely a “capitalist in methodology.”

Strong, the architect of the Kyoto Accord, has made millions off of environmentalism, but still finds himself unable to pull America into the snare. But he has a plan for that also. In 2006, he described what he thought was necessary to keep the green movement alive… fear.

Maurice Strong would not shed a tear at the collapse of the American economy or our way of life. He has stated before that “current lifestyles and consumption patterns of the affluent middle class involving high meat intake, consumption of large amounts of frozen and convenience foods, use of fossil fuels, appliances, home and work-place air conditioning, and suburban housing are not sustainable. A shift is necessary toward lifestyles less geared to environmentally damaging consumption patterns.”

In other words, the demise of the American way of life is necessary for the survival of the Earth. This perspective poses little threat from a normal environmentalist. In the hands of the “Michelangelo of networking,” “an international traveling salesman with buts [sic] of paper in his pocket” and “a cross between Rasputin and Machiavelli,” it is an all too real threat to America.

Obama and the Chicago Climate Exchange

Carbon tax schemes are predicated on the illusion of anthropogenic climate change. Man-made carbon dioxide emissions throughout human history, however, constitute less than 0.00022 percent of the total naturally emitted from the mantle of the earth during geological history. Significant changes in climate have continually occurred throughout geologic time. A large body of scientific research — including a NASA study — suggests that the sun is responsible for the greater share of climate change during the past hundred years, not humans.

Trading carbon credits in carbon markets is the newest investment scheme. Energy traders and Wall Street financiers are at the heart of this scheme. The Chicago Climate Exchange (a carbon trading exchange), which includes some 400 companies, is now the largest cap-and-trade market in the world. The largest shareholder in the Exchange is Goldman Sachs.

While on the board of the Chicago-based Joyce Foundation, Barack Obama helped fund the Chicago Climate Exchange, which will likely play a critical role in the cap-and-trade carbon reduction program he has pushed through Congress as president. In 2000 and 2001, while still a state senator, Obama voted along with other members of the board of the Joyce Foundation to give more than $1.1 million to help the Climate Exchange get off the ground.

The “privately-owned” Chicago Climate Exchange is heavily influenced by Al Gore and Maurice Strong. For years now, Gore and Strong have been cashing in on lucrative carbon trading schemes. [Maurice Strong is known as the “Godfather of the international environmental movement” and the “architect of the Kyoto Protocol.” Both of those are ironic titles for a man who started out in the oil business.]

Gore buys his carbon off-sets from himself—the Generation Investment Management LLP, an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.

Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first, and North America’s only, cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”  Strong, the silent partner (the Canadian-born Strong is little known in the United States), is a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan. He spends most of his time in China where he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless, is the big cheese in the underworld of climate change and is one of the main architects of the Kyoto Protocol.

The Climate Exchange is the brainchild of Richard Sandor, an economics professor who has worked for both the Chicago Mercantile Association and the Chicago Board of Trade. Known as "Mr. Derivative" for his work in creating interest rate futures markets, Sandor first proposed the creation of the Climate Exchange in 2000, just before the signing of the Kyoto Accord on greenhouse gas reduction. The United States subsequently refused to participate in the accords.

Speaking at the State of Green Business Forum in Chicago in 2010, Sandor urged the attendees to do whatever they could to push for a national cap-and-trade program. After giving a quick history of where value creation for businesses came from in past decades, he said that the next big area for value creation will be in the commoditization of air and water -- they will be made commodities through cap and trade (see the video, "The Story of Cap and Trade," https://www.youtube.com/watch?v=ZYi78LaY8u4). In the case of carbon, that would set quotas for carbon emissions, and those who exceed their quotas can trade those extra cuts to those that are unable to use their own quotas.

Globally, the number of CDM projects (UN-backed clean development mechanism) entering the pipeline is increasing rapidly. The onset of a carbon tax is already underway in numerous countries (the World Bank will be the collection agency for a global CO2 tax). In January 2005, a new system of CO2 emissions trading went into effect in the European Union. David Miliband, the UK's environment secretary, announced that Britain would become the world's first nation to legislate a climate change bill setting legally binding timetables for a low-carbon economy.

This decision affects every British industry, business and household. Britain's former prime minister, Gordon Brown, said:
"My ambition is to build a global carbon market founded on the EU emissions trading scheme and centered in London." 
Every citizen would be issued a carbon "credit card" or "ration card" — to be swiped every time they buy petrol, pay an energy utility bill, or book an airline ticket — under a nationwide carbon rationing scheme (according to a feasibility study commissioned by Miliband).

Under the scheme, everybody would be given an annual allowance of the carbon they could expend on a range of products, probably food, energy and travel. If they wanted to use more carbon, they would be able to buy it from somebody else on a carbon exchange. In the future, each person will start the year with 1,000 carbon credits, for example, on a carbon ration card. Personal carbon rations would cover everyone’s direct use of energy in the household and for personal transport, including air travel. Each time someone fills up their car, for example, they would put the card in a slot on the pump and it will deduct a few points.

The main features of personal carbon rations are:
  • An equal annual ration is allocated for each adult, with a smaller one for children.
  • Rations are tradable.
  • The ration covers the direct energy used in the household and for personal travel.
  • A phased year-on-year reducing ration is signaled well in advance.
  • The arrangement is mandatory (in order to be effective, carbon rationing would have to be mandatory, just like Obamacare)
From the document, "Kyoto Chip - Awareness raising of personal CO2":
"There is no easy technical way to deal with CO2. The best way to reduce it and the other emissions is to use the car only when it is necessary and to cycle, walk or use public transport where possible. Personal awareness is the other path to follow. It is obvious that not only the choice of which vehicle and its fuel efficiency is important, but also how much use is made of the vehicle.

"The approach suggested in this document aims at creating even greater awareness and an active personal involvement by individual European citizens in their personal level of CO2 emission. Once every driver knows their annual allowance, and how much their vehicle uses, then they can make much better choices about the trips they make and which mode they choose to make them.

"Part of this is already done in the UK where the annual ‘road tax’ is based on the CO2 emissions of the vehicle you own. We believe that the next logical step is to empower citizens by giving them the knowledge and possibility to make a real change based on their choices and behavior.

"The ’Kyoto Chip’ is about CO2 rationing on a personal level and -- doing so- - raising more awareness about personal CO2 use. David Miliband, the UK environment secretary, is keen to set up a pilot scheme to test the idea, and has asked officials from four government departments to report on how it could be done. The move marks the first serious step towards state-enforced limits on the carbon use of individuals, which scientists say may be necessary in the fight against climate change."

"It extends the principle of carbon trading -- already in place between heavy polluters such as power companies and steel makers -- to consumers, with heavy carbon users forced to buy unused allowances from people with greener lifestyles."

http://www.velomondial.net/page_display.asp?pid=29 

Rockefellers and the Carbon Tax

January 10, 2009

Daniel Taylor, Old-Thinker News - The media is hailing Exxon Mobil's announcement in favor of carbon tax proposals as a shocking, unbelievable move. But is it really that surprising? Could well meaning environmentalists be in for a shock to find that a seemingly "grass roots" movement has from the beginning been initiated from the top down?

As the Calgary Herald reports:
"Exxonmobil Corp., the world's largest crude oil refiner, supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions, its chief executive said."
The announcement came from Rex Tillerson, CEO of Exxon Mobil, speaking at the Woodrow Wilson international center for scholars in Washington, which has served as a platform for discussing various globalist initiatives for many years. That Tillerson would make this announcement is interesting, due to the fact that the Rockefeller family, who built Standard Oil [Standard Oil of New York later became Mobil, a predecessor to Exxon/Mobil], recently identified him as "resistant" to "...take the threat of global warming more seriously." Are we to accept this story? Was there any real resistance in the first place?

A May 2008 article from the International Herald Tribune painted a glowing picture of the Rockefeller family in their quest to "press for change at Exxon." As reported:
David Rockefeller, retired chairman of Chase Manhattan Bank and patriarch of the family, issued a statement saying, "I support my family's efforts to sharpen Exxon Mobil's focus on the environmental crisis facing all of us."
The Rockefeller family has held a very special interest in environmental matters for decades. Population control and reduction is a central directive of many Rockefeller initiatives. The recent focus on global warming is no different. Steven Rockefeller's Earth Charter is an example.

There are countless real environmental issues such as genetically engineered organisms being released into the environment causing unknown mutations, consuming potentially dangerous cloned animal products, mass honey-bee die offs, etc. However, global warming was identified by the Club of Rome's 1991 report The First Global Revolution as a unifier to funnel the energy of citizens and businesses alike into supporting globalist initiatives. The report states:
"In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill... All these dangers are caused by human intervention... The real enemy, then, is humanity itself."
Many of the "green" proposals to fight global warming will have a direct impact on your standard of living. Obama has admitted that sending "price signals" to change behavior is an option. Obama stated during a 2007 PBS interview:
"We're gonna have to cap the emission of greenhouse gasses. That means the power plants are gonna have to adjust how they generate power. They will pass on those costs to consumers."

Glenn Beck, Crime Inc. and the Nest of Communists

April 26, 2010

Glenn Beck, Fox News - Cap-and-trade: what is it? It’s the trading of puffs of air. Company A pollutes more than Company B. Company A must pay a fine, which is transferred to Company B, who earns a credit. The companies continue to pollute the exact same way, it just costs Company A more and Company B gets rewarded.

If I am going to build this into an industry, I need a to-do list:

• First we have to put together a carbon exchange:

While Obama was on the Joyce Foundation board, the group steered $1.1 million in grants instrumental in developing and launching the privately-owned Chicago Climate Exchange.

• Now we need investors:

Al Gore’s company — Generation Investment Management — is the fifth largest shareholder in the Chicago Climate Exchange. Gore’s company has several former Goldman employees on the roster.

Then Goldman Sachs steps to the plate and buys 10 percent of the combined company.

Next we need the technology:

Fannie Mae, under the leadership of the Franklin Raines, purchases patent on system to trade residential carbon credits that was described as "how carbon and other pollutants yet to be determined" would be "combined into a single emissions pool" and traded — just as Fannie’s toxic portfolio of subprime mortgages were. It appears Raines wasn’t content with destroying only the housing market.

So you have the same crooked people who have contributed to the financial meltdown — Goldman, Fannie, socialists and out and out crooks — actually trying to "fix" the economy and the environment and, oh boy, believe me the fix is in.

• Now we need the law:

Well, the law is cap-and-trade. Remember when cap-and-trade was supposed to happen right after health care? Well, immigration has Congress’ attention now, so let’s skip ahead to:

• The cover:

Al Gore has been pushing cap-and-trade for quite some time. Obama has been pushing it as well. Many on the progressive left want it. Why? If it’s about the environment, cap-and-trade is a proven failure. It’s been tried it in Europe: failure. Now, a voluntary system — the Chicago Climate Exchange — is tanking. Why? Because you can’t get people to voluntarily buy air, when there’s plenty of air to go around. It’s scam. It’s like being at the beach and selling people a bucket of saltwater. I’m three steps away from the ocean — it’s free.

The entire green movement can’t stand on its own two feet and the only time anything green ever gets money is when it comes from government. Even some of the top scientists who believe in global warming say this won’t do anything to stop companies from polluting. They’ll just be paying a little more for it and companies like Enron were scheming to make money off of it — they even lobbied for cap-and-trade.

Some of the eco groups don’t even do what they promise. The Vatican found this out when they became "carbon neutral," but not one tree was planted in Hungary’s so-called "Vatican forest" for offsets. Who scams the pope? You want to know about warming? I got "eternal warming" for you.

So the question is: Why is it still being pushed? The redistribution of wealth and to enrich the corrupt.

We did a little digging and followed the money and the answers tell a familiar story. And before we get going on this, I just want to warn you: If there’s one thing I’m learning about progressives, they really like creating groups. They’ve got tons of them and it seems they just pass the money from one to the next. It’s almost like money laundering. It’s why health care can pass: You don’t know what the hell anyone is talking about and everyone always sounds so happy. Words and names of groups mean nothing. Unfortunately for them, people’s faces still matter. We know them by reputation.

"Crime, Inc." nest of communists: The Crime Ring Combines the White House, Goldman Sachs, Obama, Al Gore, Emerald Cities Collaborative, Chicago Climate Exchange (CCX), George Soros, Valerie Jarrett, Goldman Sachs, Center for American Progress, Franklin Raines, Gerry Hudson, SEIU, Van Jones, AFL-CIO, ACORN, Green for All, Fannie Mae, Enterprise Community Partners, Art Lujan, Jack Hayn, Andy Stern, Phaedra Ellis Lamkins, Joyce Foundation, Livable Cities Initiative and "The Wizard": New Party and Apollo Alliance Founder, Joel Rogers.

The crime ring is robbing us blind. The financial bill will give the FTC new control over the Internet!?! Study the CCX members closely. There are mega companies involved in the international global warming scam.

'Green Climate Fund' Seeks UN-Style Diplomatic Immunity

[There is] an entrenched evil currently running the planet into an abyss. Yes, there is obvious desperation in their moves of late. But the game just seems to continue — ad nauseam — the people who have sheltered and protected the Khazar Banksters while impoverishing the middle class by exporting the American economy and industry based on unending warfare production. Those huge off shore accounts of the ill gotten gains of secret congressional accounts have not been tapped and returned; after all, it is the Rothrocks and the devil agency “Goldman Sucks” that are still running our Wall Steet “Dog and Pony” shows. I still get ridiculed for telling people to really think about the travesty of 9-11 and what it has cost them in terms of freedom. I really want to believe the Bens of this world. The fact that legislation was passed by a majority tells me that these people are either paid for, believe they are part of the 1%, or are afraid to stand up for the common good because they have been threatened with something. We know that the world is run by an unworthy gang of misanthropic inbred elites and their lackey minions. And, yet, through their spoils (and the spoiled), they have amassed great treasure that has no real value. Their moral compass is broken; their political capital is zero; their fiat currency is worthless; and their method of rule has become comical. These thespian thieves have now been pushed toward the gates of the temple to be whipped into the desert of their own creation…” [Source]

March 22, 2012

FOX News - The Green Climate Fund, which is supposed to help mobilize as much as $100 billion a year to lower global greenhouse gases, is seeking a broad blanket of UN-style immunity that would shield its operations from any kind of legal process, including civil and criminal prosecution, in the countries where it operates.

There is just one problem: it is not part of the United Nations.

Whether the fund, which was formally created at a UN climate conference in Durban, South Africa last December, will get all the money it wants to spend is open to question in an era of economic slowdown and fiscal austerity.

Its spending goal comes atop some $30 billion in "fast start-up" money that has been pledged by UN member states to such climate change activities.

A 24-nation interim board of trustees for the Green Climate Fund (GCF) is slated to hold its first meeting next month in Switzerland to organize the fund's secretariat and to get it running by November, as well as find a permanent home for the GCF's operations.

The board expects to spend about $6.7 million between now and June of next year.

But before it is fully operational, the GCF's creators -- 194 countries that belong to the United Nations Framework Convention on Climate Change (UNFCCC) -- want it to be immune from legal challenges and lawsuits, not to mention outside inspections, much like the United Nations itself cannot be affected by decisions rendered by a sovereign nation's government or judicial system.

Despite its name, the UNFCCC was informed in 2006 by the United Nations Office of Legal Affairs that it was not considered a UN "organ," and therefore could not claim immunity for its subordinate bodies or personnel under the General Convention that has authorized UN immunity since the end of World War II.

A UNFCCC resolution granting similar immunities would need to be "accepted, approved or ratified" by each individual member of the Kyoto Protocol before it took effect, the UN legal office advised.

Even if UNFCCC members decided to ask the UN General Assembly to grant them similar immunity it would require each UN member state to make changes in domestic legislation, the opinion declared.

According to an official of the US Treasury, which strongly supports the existence of the GCF, the full extent of the immunities still remains to be worked out by the fund board, although the wording of various UNFCCC resolutions indicate that immunities like those held by the UN are clearly envisaged.

Obama, in latest climate move, pledges $3 billion for global fund

November 14, 2014

Reuters - President Barack Obama on Friday pledged a $3 billion U.S. contribution to an international fund to help poor countries cope with the effects of climate change, putting the issue front and center of the G20 Leaders Summit in Australia.

The large size of the contribution took climate policy watchers by surprise and doubles what other countries had previously pledged ahead of a Nov. 20 deadline. It would be the second major move on climate change taken by Obama after big Democratic losses in last week's midterm elections.
"Along with other nations that have pledged support, we’ll help vulnerable communities with early-warning systems, stronger defenses against storm surges, and climate-resilient infrastructure," Obama said in remarks ahead of the official opening of the G20 summit.

"We’ll help farmers plant more durable crops. We’ll help developing economies reduce their carbon pollution and invest in clean energy."
The timing of the announcement was seen as putting pressure Australian Prime Minister Tony Abbott, who is hosting the summit and once described climate science as "absolute crap". Abbott had hoped the G20 summit would focus on growth and jobs.
"When most nations are saying we have to finance climate change responses, whatever Australia desires, it has to agree or it risks looking like the spoiler at what should be Australia's moment," Tim Costello, the head of World Vision Australia and the C20, or Civil Society 20, told Reuters.
Highlighting Australia's exposure to climate change, Obama said longer droughts and more wildfires were likely.
"The incredible natural glory of the Great Barrier Reef is threatened. Worldwide this past summer was the hottest on record. No nation is immune and every nation has a responsibility to do its part."
The Green Climate Fund will work with private sector investment and help spur global markets in clean energy technologies, creating opportunities for entrepreneurs and manufacturers including those from the United States.
"The fund will be able to deploy innovative instruments. That is the key distinguishing characteristic of the GCF; it has the opportunity to mobilize significant flows of private capital," Abyd Karmali, managing director of climate finance at Bank of America Merrill Lynch.
Rich countries had pledged in 2009 to mobilize $100 billion a year by 2020 to help developing countries tackle carbon emissions.

Earlier this week, Obama announced a climate deal with China. The United States will strive to cut total greenhouse emissions by about 25 percent by 2025, while China will aim for a peak in greenhouse gas emissions by 2030.

In the run-up to the global climate talks in Paris next year, developing nations view finance as a vital part of any deal.

Hela Cheikhrouhou, executive director of the fund, lauded the U.S. pledge as a game-changer. 
"It could have a domino effect on all other contributions," she said.
The U.S. pledge roughly doubles the $3 billion already promised for the fund, which will hold a first donors' meeting in Berlin on Thursday.

Germany and France had earlier pledged $1 billion each, and Mexico, South Korea, Japan and others have pledged smaller amounts.

The UN has set an informal goal of raising $10 billion for the fund before a meeting of environment ministers in Peru, next month. Developing nations have been urging $15 billion.

Some environmentalists were unimpressed by the pledge. Friends of the Earth said $3 billion "falls magnitudes below what is actually needed by developing countries."

Goldman Sachs and the Chicago Climate Exchange (Excerpt)

July 2, 2009

Matt Taibbi, Rolling Stone - Goldman Sachs started pushing hard for cap-and-trade long ago, but things really ramped up in 2008 when the firm spent $3.5 million to lobby climate issues. (One of their lobbyists at the time was none other than Patterson, now Treasury chief of staff.)

Back in 2005, when Hank Paulson was chief of Goldman, he personally helped author the bank's environmental policy, a document that contains some surprising elements for a firm that in all other areas has been consistently opposed to any sort of government regulation. Paulson's report argued that "voluntary action alone cannot solve the climate change problem."

A few years later, the bank's carbon chief, Ken Newcombe, insisted that cap-and-trade alone won't be enough to fix the climate problem and called for further PUBLIC INVESTMENTS in research and development. Which is convenient, considering that Goldman made early investments in wind power (it bought a subsidiary called Horizon Wind Energy), renewable diesel (it is an investor in a firm called Changing World Technologies), and solar power (it partnered with BP Solar), exactly the kind of deals that will prosper if the government forces energy producers to use cleaner energy.

As Paulson said at the time,
"We're not making those investments to lose money."
Goldman owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utah-based firm that sells carbon credits of the type that will be in great demand if the bill passes.  

Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets.

There's also a $500 million Green Growth Fund set up by a Goldmanite to invest in greentech … the list goes on and on.

Goldman is ahead of the headlines again, just waiting for someone to make it rain in the right spot. Will this market be bigger than the energy futures market?

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