TampaWeatherBuff's WunderBlog

The Manufactured Crisis Industry Part Two: Follow the Money

By: TampaWeatherBuff, 12:44 PM GMT on December 11, 2009

As the good Dr. has indicated, we know a priori that all corporations lie because they are statutorily obligated to do so, and nothing short of sweeping corporate law reform can change their blackened hearts.

By implication, then, we know that all non-corporate interests are obviously beyond reproach, and have only the common good at heart. We should trust them even when evidence suggests they aren't playing by the rules.

It turns out the UN climate chief Rajendra K. Pachauri may have his hands in a little pot of carbon credit gold, a couple hundred million dollars worth, and is banking on the shutting down of a steel plant in the UK as his just reward for selfless sacrifice in the name of pure science:

A story emerging out of Britain suggests "follow the money" may explain the enthusiasm of the United Nations to pursue caps on carbon emissions, despite doubts surfacing in the scientific community about the validity of the underlying global warming hypothesis.

A Mumbai-based Indian multinational conglomerate with business ties to Rajendra K. Pachauri, the chairman since 2002 of the U.N. Intergovernmental Panel on Climate Change, or IPCC, stands to make several hundred million dollars in European Union carbon credits simply by closing a steel production facility in Britain with the loss of 1,700 jobs.

The Tata Group headquartered in Mumbai anticipates receiving windfall profits of up to nearly $2 billion from closing the Corus Redcar steelmaking plant in Britain, with about half of the savings expected to result from cashing in on carbon credits granted the steelmaker by the European Union under the EU's emissions trading scheme, or ETS.

Corus has accumulated 7.5 million European Union surplus carbon allowances, or EUAs, given the company free by the EU, after corporate officials lobbied EU officials aggressively in Brussels.

How does this work?

How does the closing of a steelmaker in Britain tie to the chairman of the U.N.'s global warming science committee?

In 1974, the TATA Group provided the financial resources to found the Tata Energy Research Institute, or TERI, a policy organization headquartered in New Dehli, India, of which Pachauri has been chairman since the group was formed.

Continued business ties between TERI and TATA are demonstrated by a press announcement on the TERI website dated Feb. 4 in which Jairam Ramesh, the Indian minister of state for commerce and industry as well as minister of state for power, announced a joint venture with TERI and TATA power to extract and use carbon dioxide for the propagation of micro-algae.

Pachauri, recall, shared the Nobel with Al Gore, who has become quite wealthy pimping carbon credits himself.

I'm sure his "scientific" intentions are still pure as the driven snow, but don't you find it curious that the most aggressive advocates of the specific prescriptions of the treaty seem to be the people with the most to gain from these ingenious 21st century version of Indulgences known as "carbon credits"?

I'll dig deeper into this subject shortly but I won't belabor the point. I don't operate from the assumption that some people are pure and motive-free, so I am neither shocked nor surprised by these revelations. The truth is everyone, yea, even vaunted scientists and former Vice Presidents, are motivated by self-interest.

Let's not pretend otherwise when weighing the arguments for and against the treaty provisions. This is either the noblest thing ever done for humanity, or the cleverest act of international theft in the history of human civilization. I don't see many "shades of gray" in between. And if I'm a "skeptic" about anything, epistemologically speaking, it's the noble intentions of natural man. So, I'm inclined to view it as the latter.

Columnist Charles Krauthammer put it better than I could today:

WASHINGTON -- In the 1970s and early '80s, having seized control of the U.N. apparatus (by power of numbers), Third World countries decided to cash in. OPEC was pulling off the greatest wealth transfer from rich to poor in history. Why not them? So in grand U.N. declarations and conferences, they began calling for a "New International Economic Order." The NIEO's essential demand was simple: to transfer fantastic chunks of wealth from the industrialized West to the Third World.

On what grounds? In the name of equality -- wealth redistribution via global socialism -- with a dose of post-colonial reparations thrown in.

The idea of essentially taxing hard-working citizens of the democracies in order to fill the treasuries of Third World kleptocracies went nowhere, thanks mainly to Ronald Reagan and Margaret Thatcher (and the debt crisis of the early '80s). They put a stake through the enterprise.

But such dreams never die. The raid on the Western treasuries is on again, but today with a new rationale to fit current ideological fashion. With socialism dead, the gigantic heist is now proposed as a sacred service of the newest religion: environmentalism.


Politically it's an idea of genius, engaging at once every left-wing erogenous zone: rich man's guilt, post-colonial guilt, environmental guilt. But the idea of shaking down the industrial democracies in the name of the environment thrives not just in the refined internationalist precincts of Copenhagen. It thrives on the national scale too.

Hopefully, even if Comrade Obama does sign this ghastly treaty, it will languish long enough in the Congress for a thorough review of who-whom and whither the pixie dust trail, before our Constitution is treatied away to the global monstrosity being birthed in Cophenhagen this week.

The views of the author are his/her own and do not necessarily represent the position of The Weather Company or its parent, IBM.

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Wherein I indulge my hobbyist's interest in tropical weather and contrarian views about Global Warming and other matters well out of my control.