Goreism Coming To Your Neighborhood

The next big scam: carbon dioxide

Posted: January 12, 2010, 10:27 PM by NP Editor

Attempts to create markets for tradeable CO2 are shaping up to be the next Oil-for-Food-sized fraud

By Patricia Adams

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eloitte Forensic calls it “the white collar crime of the future.” Kroll, a business risk subsidiary of Marsh & McLennan, the global professional services firm, calls it “a fraudster’s dream come true.”

These two global financial services firms are referring to carbon trading markets, a business that is estimated to explode from $132-billion in 2009, mostly in the European Union, to $3-trillion by 2020 as jurisdictions around the world join in carbon trading, part of the “cap and trade” system that governments are embracing.

Under cap and trade, companies need permits for the right to emit CO2 as part of their operations. The permits, in effect, guarantee that excess carbon emissions will be “offset” by third parties that will, for example, sequester carbon by growing trees. These permits, which are being traded on carbon exchanges, akin to stock exchanges, have caught the attention of law enforcement officers, who have seen an upsurge in fraud.

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Are CPP/OAS Not Universal Plans...

...I would love to see an increase in both these plans and am willing to stop funding arts and crafts, reducing the beauracracy in Ottawa, stop funding for bi-lingual and diversity programs, etc. etc. to accomplish the increase.

Terence Corcoran: Stop the music! CARP speaks

Posted: January 11, 2010, 8:21 PM by NP Editor

The CARP-Znaimer pension vision is verifiably suspect, even bogus By Terence Corcoran

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t around 3:45 p.m. yesterday afternoon on Toronto’s Classical 96.3 FM, just before playing Una Furtiva Lagrima, a Donizetti aria from Peruvian glamour tenor Juan Diego Florez’s Grammy nominated album, Bel Canto Spectacular, it was time for a news break. Stop the music! Here’s the latest major development: The New Democratic Party of Ontario wants the province to create a new provincial pension plan that would cover the “six out of 10 Ontario residents without a workplace pension, but it wouldn’t be mandatory.”
Since Classical 96.3 FM is owned by MZMedia, which is owned by Moses Znaimer, who controls a flock of interests as part of his micro-media empire under the brand name Zoomers, aimed at Baby Boomers with zip, and since Zoomer also includes ownership of the profit-making Canadian Association of Retired People (CARP), of which Mr. Znaimer is executive director, and since CARP just launched yesterday its own agit-prop campaign to embarrass Ottawa into setting up a new national “supplementary” pension scheme, it is obviously no coincidence that Classical 96.3 FM should find a new NDP-promoted state-run pension scheme to be of news value.

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