May 7th, 2012, 12:03 am #1
S Korea joins carbon trading scam...
Carbon trading companies stocks go up after S Korea votes to approve emmissions trading by 2015.
" Foosung Co. and Huchems Fine Chemical Corp., companies that sell carbon credits, rose after South Korea’s emissions bill was passed. Foosung climbed as much as 5.3 percent on the Korea Exchange, its biggest intra-day gain since April 26, and closed 0.6 percent higher at 6,300 won today. Huchems rose 0.9 percent to 22,700 won, the highest close since March 20. The benchmark Kospi index fell 0.2 percent."
The scam has been encouraged and pushed by the UN for some time and has accomplished brainwashing several countries into assimilating into the ETS system which does nothing for the environment but accomplishes two things very well;
Making ETS companies rich by charging money for air
Redistributing wealth from countries who do something to those who don't.
" Carbon markets in Korea, Australia and China may be linked with Europe’s emissions-trading system as early as 2020, according to Globe. Before that can happen, Korea’s president will have to sell the plan to domestic manufacturers who claim it will hurt their competitiveness in global markets. Lee pledged at the United Nations climate summit in 2009 to cut greenhouse by 30 percent from forecast levels by 2020.
‘Early Adopter’ At least year’s meeting of about 200 nations in Durban, South Africa , countries including the U.S. and China said they will wait until 2015 to sign a global accord on emission reductions that would take effect as late as 2020. Australia voted last year to start a cap-and-trade system in 2015. New Zealand started emissions trading in 2009, and the European Union started the world’s biggest emissions market in 2005."
It's a lunatic notion at this point that the US won't soon fall in line.