Carbon Credit Fraud

Fraud in Europe's Cap and Trade System a 'Red Flag,' Critics Say By Joshua Rhett Miller The top cops in Europe say carbon-trading is an organized crime scheme that has robbed the continent of $7.4 billion -- a massive fraud that lawmakers and energy experts say should send a "red flag" to the U.S., which approved cap-and-trade legislation over the summer amid stiff opposition. Read the rest at FoxNews

Meet The Bernie Madoff Jr. Of Carbon Credits

By Jerome R. CorsiNEW YORK – 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. Read the rest at WorldNet Daily