April 26, 2007

"Jaw-Jaw"

Jay Tea on why Democrats' advocating "talk" no matter what is so much BS:

You want examples? No problem. Find how many commenters who say that we should be talking with Hamas and Iran who also support Democrats blowing off briefings with the US commanders in Iraq and refusing to debate each other on Fox News.

Meanwhile, the talk about "carbon offsets" is just that -- talk. Turns out the whole concept is pretty much BS:

An investigation by the Financial Times suggests that many carbon offsets are illusory, and that there is little assurance that purchasing carbon offsets does much of anything to reduce carbon dioxide emissions. Specifically, the report found:

* Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.

* Industrial companies profiting from doing very little or from gaining carbon credits on the basis of efficiency gains from which they have already benefited substantially.

* Brokers providing services of questionable or no value.

* A shortage of verification, making it difficult for buyers to assess the true value of carbon credits.

* Companies and individuals being charged over the odds for the private purchase of European Union carbon permits that have plummeted in value because they do not result in emissions cuts.

Posted by Felix at April 26, 2007 06:26 PM | TrackBack

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