The Climate Cash Cow

November 30, 2010

A high-ranking member of the U.N.'s Panel on Climate Change admitted the group's primary goal is the redistribution of wealth and not environmental protection or saving Earth, says Investor's Business Daily (IBD).

Ottmar Edenhofer, a German economist and cochair of the U.N. Intergovernmental Panel on Climate Change's (IPCC) Working Group III on Mitigation of Climate Change, told the Neue Zurcher Zeitung last week: "The climate summit in Cancun at the end of the month is not a climate conference, but one of the largest economic conferences since the Second World War."

In his IPCC post, Edenhofer was a lead author of the IPCC's Fourth Assessment Report in 2007, says IBD.

  • Based on anecdotal evidence, it contained unsubstantiated claims that the Himalayan glaciers would soon disappear and Bangladesh would be totally submerged.
  • Edenhofer claims "developed countries have basically expropriated the atmosphere of the world community" and so they must have their wealth expropriated and redistributed to the victims of their alleged crimes, the postage stamp countries of the world.
  • He admits this "has almost nothing to do with environmental policy anymore, with problems such as deforestation or the ozone hole."

It has everything to do with a different kind of green.

  • U.N. warm-mongers are seeking to impose a global climate reparations tax on everything from airline flights and international shipping to fuel and financial transactions.
  • At first, this punitive tax on progress is expected to net $100 billion annually, though that amount, like our energy costs, is expected to necessarily skyrocket.

Given this administration's willingness to compromise American sovereignty, we could soon see Americans taxed to fund a global scam -- the ultimate form of taxation without representation, says IBD.

Source: "The Climate Cash Cow," Investor's Business Daily, November 19, 2010.

For text:

http://www.investors.com/NewsAndAnalysis/Article/554439/201011191859/The-Climate-Cash-Cow.aspx 

 

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