The Road To Ruination

Wednesday, 26 May 2010

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.


3 Responses to “The Road To Ruination”
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Fat Hen said...

It's good stuff really.

It can't be done, at the moment any statefinance is a mere monopoly game anyway (we're bankrupt, we just haven't admitted it yet, there is no way out) and so, this tomfoolery will bring it on quicker.

The worst thing that can happen is a prolonged slow collapse, or a catastrophic one caused by some external source. We're at an extremely weak point (if Hitler was around, he'll eat us fr breakfast) in out history and so... if we can bring down the crazy house of cards quickly, we will have much of our capabilities freed to start over.

Therefore: let's crash whilst we will still survive, let's help the euromorons along to speed their demise up.

30 May 2010 at 21:17
Joe said...

I compare this "most abitious tyargets by anyone EVA" with the sort of North Korean bombast claiming that Dear Leader got 16 hole-in-ones the first time he ever played golf.

Or rather, like the brief, now PC'ed out moment in the Bugs Bunny Cartoons where Daffy, in a desperate bid to outdo bugs in a stage act, drinks petrol and sets himself alight, saying "the problem with that act is that you can only do it once"

30 June 2010 at 18:25
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