"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman

Monday, December 5, 2011

Carbon Fleas jump off Climate Change dog!

All the parasites lined up to engorge themselves on the fat Climate Change carcass are having second thoughts as the scam unravels. With the death of the Chicago Climate Exchange last year and the plummeting carbon prices in Europe life is going to get very hard for these unproductive freeloaders. Financial institutions are reducing resources in their Climate scam related departments as the world cools on Climate alarmism.


Investment banks are cutting traders and analysts in climate-related businesses as a slump in shares and carbon emission permits coincides with a deadlock in international climate talks.

JPMorgan Chase & Co. Managing Director for Environmental Markets Odin Knudsen left his post in New York by mutual accord after his team was shrunk, while UBS Securities LLC fired Vice Chairman Jon Anda and his Climate Policy Group co-workers, Anda and Knudsen said in interviews. Ben Lynch left his London job as an alternative-energy analyst for Commerzbank AG and it was taken over by a utilities analyst, company spokeswoman Claire Tappenden said. The departures took place since September.

The biggest banks, trying to recover from trading losses and a clampdown on investing their own money, are clipping resources from emissions-related businesses as United Nations talks have failed for years to extend Kyoto Protocol greenhouse- gas curbs beyond their expiration in 2012. The International Emissions Trading Association, the main carbon-market trade group, has seen its membership slide about 6 per cent this year.

“People are leaving the industry because they’ve been fired or because they see no prospects,” said Emmanuel Fages, head of energy research for Europe at Societe Generale SA in Paris. “That is the sad story.”


 

2 comments:

  1. Slightly off-topic, I think other readers of CCS would be interested to hear the radio interviews of Professors John Christy and Richard Lindzen on 2GB Sydney earlier this year. They can be listened to or downloaded from the That's The Way It Is site at http://tinyurl.com/7e39ahk

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  2. There's also a recent Alan Jones interview with Dr Patrick Michaels you can listen to, at http://tinyurl.com/7uwt3gr

    The http://www.galileomovement.com.au website's worth a look too. Anything which undermines the overpowering warmist propaganda can only be good.

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