Author Chossudovsky has a way of sweeping away the cobwebs created by the usual memes.
In this case, he sharpens our vision regarding the term "global warming consensus" when he links it to the clearly detrimental DERIVATIVES TRADING.
Read about it--
In a bitter irony, the tragedy in the Philippines has contributed to reinforcing a consensus which indirectly feeds the pockets of corporations lobbying for a new deal on carbon trade. Cap and Trade is a multibillion dollar bonanza which is supported by the global warming consensus. According to UNFCC head Figueres:
“We must clarify finance that enables the entire world to move towards low-carbon development,… We must launch the construction of a mechanism that helps vulnerable populations to respond to the unanticipated effects of climate change.”
Known and documented, cap-and-trade markets are manipulated. What is at stake is the trade in carbon derivatives which is controlled by powerful financial institutions including JP Morgan Chase. (See Copenhagen’s Hidden Agenda: The Multibillion Trade in Carbon Derivatives, Global Research, December 8, 2009). In 2008, Simon Linnett, Executive Vice-Chairman of Rothschild’s acknowledged the nature of this multibillion dollar business:
As a banker, I also welcome the fact that the ‘cap-and-trade’ system is becoming the dominant methodology for CO2 control. Unlike taxation, or plain regulation, cap-and-trade offers the greatest scope for private sector involvement and innovation.” (Telegraph, January 31, 2008)
Cap and trade packaged into derivative products feeds on the global warming consensus. Without it, this multibillion dollar trade would fall flat.
The humanitarian crisis in the Philippines bears no relationship to global warming. The social impacts of typhoon Haiyan are aggravated due to the lack of infrastructure and social services, not to mention the absence of a coherent housing policy. Those most affected by the typhoon are living in poverty in make-shift homes.
A reduction of CO2 emissions as suggested Mr. Yeb Sano in his address to the opening session of the Warsaw Climate summit will not resolve the plight of an impoverished population.
[end excerpt -- read more at link]