"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Wednesday, 26 May 2010

Are They Trying To Ruin Us?

What a scam all this is:

The EU will introduce a 'surprise' (aka hitherto secret) new plan today to combat global warming, committing Britain and the rest of the EU to the most ambitious targets in the world.  The plan proposes a massive increase in the target for cutting greenhouse gas emissions in this decade.

The EC is determined to press ahead with the cuts despite the financial meltdown, even though it would require Britain and other EU member states to impose far tougher financial penalties on their industries than are being considered by other large economies.
Business leaders fear that thousands of jobs could be lost and energy bills could soar. Carbon taxes on road fuel, heating and other sources of emissions could be introduced, with proceeds reinvested in renewable energy products.
The possibility of trade wars also rears its head with the suggestion that EU industries could be protected by imposing border tariffs on imported goods from non-EU countries with less stringent emission controls. The tariffs would be introduced with a requirement for importers to buy emissions permits.  Free trade my ar*se - the EU is a protectionist bloc.

The EU Climate Commissioner, Connie Hedegaard, is also under pressure to explain her failure to close the loophole which has allowed alleged fraudsters to make millions of euros through the EU's emissions trading scheme.   She had apparently been informed about the fraudsters targeting the Danish carbon industry in August 2009, but had said she didn't know about the fraud until December 2009.
In so-called missing trader fraud, bogus traders open an account in a national carbon registry, buy emissions allowances in one EU country VAT-free and sell them on with VAT added. The trader pockets the VAT without paying it to the national exchequer and the trader goes "missing".
Meanwhile more detail is emerging of the LibServatives' Energy Bill,  including a 'smart' energy grid and a dedicated investment bank which, for householders, will mean more borrowing, more debt, more taxes, more monitoring, higher energy bills.

I'd argue that greater damage is done by corporations through deforestation and subsequent species loss but what equivalent 'trading' scheme can tptb invent that will tax the ordinary person while letting the real culprits off the hook?  The smallest examples of this are charging shoppers for unrecyclable plastic carrier bags and for recycling the supermarkets' own  wasteful packaging.  They always hit the ones at the bottom of the food chain.

The Economics of Ecosystems & Biodiversity

UPDATE: 27 May - No firm decision; there will be further discussion on 17 June.


  1. Millions in an EU Vat Carousel fraud?

    Try billions.

    The fraud started in the UK and when the HR R & C twigged it and tried to close the loophole, the buccaneers moved onto Denmark.

    No one bothered to tell Denmark, apparently, and the fraudsters looted hundreds if millions.

    If you ask Subsosa she had a guest blog about the time of the Global Central Heating and Warming Conference 2010 in Denmark by Dansk Pastry (Mrs) detailing how much, who and why. Guess what Al Gore is right in there.

    It will make, remarkably, prescient blogging.

    I cannot find it, to give you a link, but Subrosa should be able to link you to the two posts.

  2. If you can get the links, van you publish them?

    I would like to re-read them also.

  3. Here you are, Bugger:
    7 December 09
    18 December 09

    I hope these are the ones you mean - SR mailed them to me.

  4. You can read them at my place Bugger. Just type in your name to the search box.

  5. Thanks for the heads-up SR.


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