Industry Pressing For Money To Cut GHGs - Want "Gradual But Challenging" Carbon Prices (WTF?)

[hatrack]

COPENHAGEN (Reuters) - Industry needs financial backing to reduce carbon emissions and fight climate change, business leaders told a climate conference on Monday, drawing criticism that they put profits before the environment. The May 24-26 meeting of more than 500 business leaders will issue a call for governments to set clear long-term climate policies when they meet in Copenhagen in December to try to reach a new global climate pact to replace the Kyoto Protocol.

"The big constraint is funding," said Steve Lennon, managing director of South African utility Eskom, referring to the need to cut the cost of alternatives to fossil fuel energy.

EDIT

Royal Dutch Shell, another oil major, said in March that it would scale back investments in solar and wind power because they could not compete with fossil fuels -- and announced that it would increase oil output by 2 to 3 percent annually over the next four years.

PwC Chief Executive Samuel DiPiazza said businesses wanted the "gradual but aggressively challenging" introduction of carbon prices which penalize greenhouse gas emissions. Some doubted the sincerity of large western companies which say they want to fight climate change.

EDIT

http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE54N0GZ20090525

[DJ13]

1. The elite are trying to set up carbon credits as the next market to game

They already destroyed the stock markets seeking the easy money.

They manipulated the commodity exchanges (and wrecked our consumer economy) all for more money.

Their gambling binge created the derivatives market which collapsed and has made bonds nearly impossible to sell.

They now seem intent on creating a new "market" (read: casino) based on the "green" movement.

Any bets on whether they get greedy and wreck the new one too?

[hatrack]

2. It all depends on how much free money they can get to "go green"

:eyes: