Follow the Money to the Global Warming Hog Trough

You know the wheels are coming off the global warming swindle when you can get material like this from Australia’s public ABC:

For all the smears of big money funding the “deniers”, the numbers reveal that the sceptics are actually the true grassroots campaigners, while Greenpeace defends Wall St. …

Greenpeace has searched for funding for sceptics and found $23 million paid by Exxon over 10 years (which has stopped). Perhaps Greenpeace missed funding from other fossil fuel companies, but you can be sure that they searched.

In contrast,

The US government spent $79 billion on climate research and technology since 1989 … 3,500 times as much as anything offered to sceptics. It buys a bandwagon of support, a repetitive rain of press releases, and includes PR departments of institutions like NOAA, NASA, the Climate Change Science Program and the Climate Change Technology Program. The $79 billion figure does not include money from other western governments, private industry, and is not adjusted for inflation. In other words, it could be…a lot bigger.…

There is no question that there are vastly more financial rewards for people who promote a carbon-made catastrophe than for those who point out the flaws in the theory. Ultimately the big problem is that there are no grants for scientists to demonstrate that carbon has little effect.

People who used to be scientists before Big Government bought their souls with our money aren’t the only ones with a big financial stake in the hoax.

According to the World Bank, turnover of carbon trading reached $126 billion in 2008. PointCarbon estimates trading in 2009 was about $130 billion. This is turnover, not specifically profits, but each year the money market turnover eclipses the science funding over 20 years. Money Talks. Every major finance house stands to profit as brokers of a paper trade. It doesn’t matter whether you buy or sell, the bankers take a slice both ways. The bigger the market, the more money they make shifting paper. …

Commissioner Bart Chilton, head of the energy and environmental markets advisory committee of the Commodity Futures Trading Commission (CFTC), has predicted that within five years a carbon market would dwarf any of the markets his agency currently regulates: “I can see carbon trading being a $2 trillion market.”

That would make the carbon trading charade the “largest commodity market in the world.”

But even if some of Obama’s Wall Street cronies get unimaginably rich “shifting paper,” no actual wealth is created. These oceans of money have to come from somewhere — namely from you, in the form of higher prices and taxes.

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Living large at our expense.

On a tip from Oiao. Cross-posted at Moonbattery.

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