On Global Warming - Follow the Money

Christopher Brooker breaks a major story in The Daily Telegraph on the Global Warming scam and shows how groups posing as "Environmentalists," such as the WWF, plan to make billions of dollars out of global warming hysteria - money that will come from ordinary people like you and me paying higher taxes and electricity costs.

When the leftists talk about how AGW "Deniers" are probably funded by "Big Oil" and tell you to follow the money, you might want to take them at their word and look closely at who stands to make billions out of the AGW hysteria.

"If the world’s largest, richest environmental campaigning group, the WWF – formerly the World Wildlife Fund – announced that it was playing a leading role in a scheme to preserve an area of the Amazon rainforest twice the size of Switzerland, many people might applaud, thinking this was just the kind of cause the WWF was set up to promote. Amazonia has long been near the top of the list of the world’s environmental cconcerns, not just because it includes easily the largest and most bio-diverse area of rainforest on the planet, but because its billions of trees contain the world’s largest land-based store of CO2 – so any serious threat to the forest can be portrayed as a major contributor to global warming.

If it then emerged, however, that a hidden agenda of the scheme to preserve this chunk of the forest was to allow the WWF and its partners to share the selling of carbon credits worth $60 billion, to enable firms in the industrial world to carry on emitting CO2 just as before, more than a few eyebrows might be raised. The idea is that credits representing the CO2 locked into this particular area of jungle – so remote that it is not under any threat – should be sold on the international market, allowing thousands of companies in the developed world to buy their way out of having to restrict their carbon emissions. The net effect would simply be to make the WWF and its partners much richer while making no contribution to lowering overall CO2 emissions." [my bolding]

Read the rest here.

James Delingpole has some trenchant comments on this story in his post "There is Nothing Cuddly About the WWF." He writes:

"But why does the story matter so much? Because it goes to the heart of what is truly the most shocking and evil aspect of the Global Warming Industry: the way democratically unaccountable – but quite astonishingly well-funded – activist groups like the WWF (annual income: £400 MILLION) have been able to subvert the scientific process, and coax and bully politicians into making policies which will benefit the environment barely one jot, but which will fleece the taxpayer, increase energy bills, and make a handful of filthy rich investors even richer. If this scheme ever comes off – and it still might, if Americans are foolish enough to vote for Cap and Trade – then the WWF will have the financial clout of decent mid-ranking economy and a political influence as great as any G8 nation."

This story is getting more serious all the time. For more background see Christopher Booker's blog here.