Deep inside the legislative language of the falsely titled “inflation reduction act”, aka The Green New Deal legislative vehicle constructed by lobbyists and passed by congress, people are now starting to realize a carbon-trading system was created.
Ultimately, a carbon trading system has always been the holy grail of the people who run the western financial system and want to create mechanisms to control wealth by using the ‘climate change’ agenda.
A carbon trading system is a very lucrative financial transfer mechanism with a potential scale to dwarf the derivative, Wall Street betting, market. Secondarily, such a market would cement the climate change energy policy making it very difficult to reverse. The new creation as explained by the Wall Street Journal, holds similarities to the EPA ethanol program.
BACKGROUND – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year. Approximately 40 percent of corn grown in the U.S. is used for ethanol. Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn).
The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases. This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process. They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.
Understanding how that system operates, back in June I said, ‘the RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place’. Well, based on the legislation within the Green New Deal/Inflation Reduction Act, that’s exactly what is happening.
(Via Wall Street Journal) – WASHINGTON—A brand-new market for green tax credits is taking shape as bankers and advisers figure out how to funnel tax breaks from energy companies that generate them to profitable corporations eager for smaller tax bills.
The market is forming because Congress last month expanded renewable-energy tax credits and made them transferable in the law known as the Inflation Reduction Act.
[…] The tax-credit sales mark a shift in the U.S. strategy for attracting public and private capital to renewable-energy projects, and they will happen alongside existing climate-finance markets such as carbon offset purchases. The deals won’t start in earnest until 2023, but lawyers and financiers are already structuring transactions. They are discussing arrangements in which credits would be sold at discounts from face value, and they are determining how to cushion tax-credit buyers against potential risks.
“The conversations are happening. The market making is happening right now,” said Nicholas Knapp, senior managing director at CohnReznick Capital in New York.
Within a year or two, it could be easy for a corporation with no direct renewable-energy investment — a profitable retailer, pharmaceutical maker or high-tech company — to purchase tax credits. Because of the expected discounts, companies could earn an instant profit, paying $90 or $95 for a $100 coupon off their income-tax liability.
These transferable credits, however, expose a potential dilemma for Democrats. The party aimed to raise corporate tax bills and prevent large, profitable companies from paying too little. But the tax-credit transfers open a new avenue for many of those same companies to pay less.
“They can basically purchase the tax credits, advance their ESG goals and get certain economics from the credits without taking any construction or operational risk of the project,” said Hagai Zaifman, a partner at Sidley Austin LLP in New York who helps structure renewable-energy deals. (read more)
We know exactly who we have to thank for this, West Virginia Senator Joe Manchin.
Now watch what Senator Joe Manchin’s family starts doing.
“Now watch what Senator Joe Manchin’s family starts doing.”
Same thing they’ve always done; get fat at the public trough.
That weasel needs to get his little raisin sized nuts kicked to the roof of his lying mouth.
Joe Manchin is a slimy invertebrate.
Love!
Thank……man-chin.
DOJ came out 3 days ago and said they were fine with Dearie. Hopium dose #14
I think Sundance means we should watch where they (the Manchins) ultimately invest.
Yep, and watch the green roll in.
Manchin (and others) following Paul Pelosi’s play book…..
I told my husband, whom I love dearly, that Manchin was gonna cave. He said ‘nah, never!’
Lol! Reminds me of a line from Kinky Friedman’s song “Get Your Biscuits in the Oven and Your Buns in the Bed”:
”Every single great man who’s ever come along, had a little woman tellin’ him he’s wrong!”
The guys we love are occasionally mistaken, including my hubby.
That seems to be the entire goal of the vast majority of gov’t funding “hangers on” who want a space at the ever-expanding trough.
The incestuous, corrupt nature of government runs bottom to top. From custodians to Senators, most hook it up for their families. In the private sector, with the obvious exception of a family owned business, nepotism is frowned upon and even the appearance of any impropriety or conflict of interest is discouraged.
If one looks at Telsa’s SEC 10k reports they make money on California carbon credits, selling them other companies, not the selling of their EVs. Carbon credits a government invented central bank WEF approved financial tool meant to destroy the American way of life. Just look at the EU for an example.
BINGO !
FloridaFred…: But, can’t I just burn the carbon credits? Like, in a fire place?
Interesting how so many of the tools of the rich now, unlike those of a century or two ago, do nothing for the country at large…they provide no railways or highways across the country, no lending operations for small business start-ups, certainly no manufacturing or resource mining or any kind…
It’s ALL derivatives today, isn’t it? so for the rest of us, it means…nothing. Only for those with luxury money available to gamble with…Oh, and of course, the ridiculously-named “inflation reduction act” exempted all investment firms from the rise in corporate taxes….real estate, as well….and left manufacturing to take the hit.
And when they do “charity work”? It’s certainly not Carnegie’s beautiful libraries many of us remember so fondly…somehow, their “charity work” — such as Gates’ “vaccines for Africa” — benefit…himself, while Melinda Jobs’ work with local, small-market news outlets benefits…her pet causes and her party, not society at large.
But, theres HILLARYS Charity work!
LOL
Money changers.
Jesus was right on the money when he overturned their tables at the Temple.
West Virgunia, your Joe Manchun allowed this to happen. He is a proven liar and cannot be trusted. Fire him. Fire him for our entire republics sake.
Somebody’s bound to get richer with this increasing biofuel mix in gasoline and diesel.
Too bad most automobiles cannot handle more than 10% ethanol without issues and needing major redesigns.
Meanwhile we get to look forward to shortages of corn due to reduced fertilizer usage in the future.
oh what a tangled web they weave…
Come to think of it, the bug protein campaign was a set-up to condition people for shortages of traditional foodstuffs, like corn.
It would be more profitable for some to sell it at a premium to those making biofuel, say. To bad if you cannot afford it going forward for your family.
An engineer friend once explained to me what a waste ethanol is – compared to petroleum where every bit of it can be used in some form whether jet fuel or asphalt and a myriad other number of products – whereas with ethanol, you get tremendous waste created for a product which is actually not good for use in an internal combustion engine and causes problems down the road plus you are creating an artificial issue in the grain prices as this is corn not being used for livestock or in food production.
So f’d up.
suejeanne: Corn ethanol is an agricultural subsidy, not a fuel.
The practice of adding corn ethanol to petroleum fuel is the political cover for the subsidy. Corn ethanol itself is definitely a fuel, albeit not an efficient one.
how did using EtOH come about? the gov. wanted to “oxygenize” fuel to make it burn “hotter?” — so someone suggested MTBE. A chemist in the back of the room raised his hand and said, “but MTBE will form an azeotrope with water — what if it gets in the groundwater?” the “smart” EPA person shouted him down, “that will never happen”. Well, it did. Lots of remediation costs. Lots of cleaning of soils around leaking underground storage tanks. Oh, well. Lets use EtOH, and starve people in Africa. Also it will buy corn state votes.
There Is Nothing ‘Green’ About Ethanol
https://patriotpost.us/articles/86307-there-is-nothing-green-about-ethanol-2022-02-17
Very easy to separate trash ethanol from gas just using colored water. We run all of the gas we use through a separation process before its ever used in equipment
didnt take an engineer to explain it to me. people eat corn. every ounce of EtOH you burn in the car deprives SOMEONE of FOOD. It is IMMORAL
also my 2020 4runner gets MUCH BETTER mileage on pure EtOH free gasoline.
Guess what? They will change the fuel standards to something our current car engines cannot handle and will get damaged beyond repair? No parts to fix it. No money to fix it. No acceptable fuel for your car….
You know where this is going, especially since Ford is setting a precedent of sorts:
https://insideevs.com/news/610114/ford-modele-dealership-rules/
“Dealers” will need “extensive and ongoing training” does that mean the technicians or the office people?
Hang on to your wallet, its gonna get ugly.
Buy a van. When it quits running tow it down by the river. Live in it. Pick a good spot near a fishing hole.
Our quiet neighborhoods will be overrun by then.
pick a spot on Marthas Vinyard
That is exactly my plan.
Plenty of fishing holes, places to camp here in the Ozarks.
And we have a lot of caves.
Just gotta save a little more money.
Social re-education training?
The strain of corn that’s used for ethanol is not the same as the eating corn for food. But it’s still BS.
You’re correct it is not the same corn we eat. But it grows on the same land that use to grow the type of corn we eat, hence a reduction in the amount of corn for for human and livestock consumption. Plus you get better subsidies, credits(now probably carbon credits), and tax breaks.
Only problem is that it still takes a lot of high nitrogen fertilizer and if fertilizer is too costly or hard to find then guess ‘the powers that be’ will give ‘fuel corn’ producers more bucks and 1st of the line status.
Course this won’t be a problem for long because increased ethanol will drastically reduce engine performance and longevity until you’re finally forced to ride an electric scooter or public electric bus to the welfare and soup kitchen lines. Besides all the fertile growing land will be taken up with solar and wind farms.
This!!!!
They are taking all the farm land!
The only downside to increasing ethanol in gas is that it will mean up to 5% more I’ll have to separate from the fuel I use in all my equipment. Anyone who isn’t separating that trash from the gas they use in gas powered equipment is pretty much destroying their equipment.
How is it done?
We use a heavy 6 gal plastic jug that is transparent. The original cap has a ball valve installed in it. On the very bottom of the side is a small 1/4″ hole with a 1/4″ nut and bolt through it which has rubber washer on it to seal the hole.
The process is simple. Fill the jug with 5 gals regular unleaded. Add 5 cups of colored water. Use food coloring or even a little coffee to darken the water. Shake to combine the gas/water mix then turn the jug upside down. Now the cap with the ball valve is facing down and the 1/4″ hole with the bolt is at the top. Let sit upside down for a few hours. Since the ethanol will bind with the water but the gas will not bind with the water, the now water/ethanol mix settles to the bottom and the now ethanol free gas rises to the top. Crack open the 1/4 nut & bolt, then open the ball valve and drain off the water/ethanol. It’s easy to see the colored water with the ethanol in it. Close the ball valve and the 1/4″ bolt. We then refill our gas cans with ethanol free gas
Thank you ORG! I have not heard of this before and will give it a go.
Is there any use for the water soaked alcohol?
Sure am glad my vehicles run on diesel. Sure, its more $ per gallon, but none of its alcohol.
I just had this thought, because of the percentage of ethanol being an issue (which most lot of people and probably mechanics too don’t know about) even more used cars will start breaking down even faster and with supply chains the way are, more used cars might be heading to the junkyards. The DS is so devious they’re probably counting on that, they think that will force more people to get EV’s eventually.
But, EV’s are problematic being fossil fuel derivatives, our national electrical grid can’t handle the extra loads, are outrageously expensive, and most people don’t know about the just as outrageous sticker price for the replacement batteries.
Al Gore smiles…
Yep. He started his in Europe. Hasn’t applied for another job, either.
Yes for sure. I remember the first time I heard of carbon credits and trading, etc. was when Glen Beck was on Fox years ago. I know he went a little wacko after that but he sure educated me about a lot of things that seem to be coming to pass now.
The Overton Window has moved across …. the country?
Yep, both ends of the spectrum have converged right in the middle
…….The Green New Deal legislative vehicle constructed by lobbyists and passed by congress, people are now starting to realize a
carbon-trading systemnew scheme to fleece the people was created.There. Fixed it for you.
And Manchin didn’t get what he was promised.
Pelosi shelved it. Nothing in this legislative session for Trader Joe.
Don’t you mean Traitor Joe?
You mean “Traitor Joe”?
He didn’t get what he was openly begging for in the public square. Privately, however, he’s been busy working all angles of this “deal” to where he’s sure to profit. Rule number one: FOLLOW THE MONEY!
When I first started reading here I noticed SD saying “follow the money” all the time. I had heard and sort of bought in to that line for many years. However, it wasn’t until I was here for awhile that I realized SD was right on this matter. Things I thought could not be “just about money” turned out to be just that.
What do you think Al Gore made his money off of?
Lying
Anything but honest work.
Personally, I think this is the biggest threat to all of us.
Thank you for publishing on it.
If they get this strategy through, we won’t have any freedom left. Now you know why so many relatives from generations ago cannot be found in any genealogy search. They headed for the hills and disappeared into the woods. We can no longer do that in the satellite surveillance state. There’s literally no place left to hide. I pray a lot.
I’m always saying, parents of the future will refuse to register their children. They won’t exist on any computer. Hopefully they will be the generation that takes them all down.
Unregistered children is literally the plot of a work of fiction that I’ve heard about.
Don’t remember the title of the book, unfortunately.
i think it was called Among the Hidden. An entire series. I read the first one. It was very good.
Thanks. Always looking for something to escape into. Some days it’s “anything but the news.” Will look for the series.
There’s another series of 4 books I like written by James Howard Kunstler, the “World Made by Hand”. Each book is about one of the seasons & I liked the series so much I bought a copy of each of the 4 books.
I wonder if they based it on the Roma and Irish gypsies? Many of them register different in different towns to claim benefits in one city after another!
Starts with home birth, then home school,….
hmm both my kids were home births, and home schooled, and that was 40+ years ago, and people thought we were “wacky”, lol.
Have you read about Bidenmentia’s transhumanism bill? We are on the precipice.
Technofeudalism.
We are the carbon units that are going to be traded, tracked, and or reduced.
Welcome to the matrix
Time to red pill more minds.
Every chance I get
Don’t forget “upscaled” which means used for food.
I did, last night and found several articles about it but couldn’t find the number of the insane & evil Executive Order. One of them was on Gateway Pundit.
https://www.thegatewaypundit.com/2022/09/leo-hohmann-bidens-executive-order-designed-release-transhumanist-america/
Reminder – Mitch McConnell made this all possible –
Much more than a lapdog, McConnell is the figurehead for the democrat controlled republican wing of the uni-party.
McConnell is a Chinese hack.
No kidding. Rail at W. Virginia, yeah, but the people I REALLY want to rail at are those in KY– WTH are they THINKING, sending that old dog back to the senate year after year? He’s corrupt, he’s practically as bad as biden (in every way)–what do they think is in his favor???
Do not blame the people of the State, for their representation in Congress.
They DIDN’T vote for him.
Blame them for tolerating a State R party, that manipulates election outcomes (cheats).
Meanwhile, Republicans promise to ban abortions. Shiny Things
Oh look, the “war in Ukraine”!
Manchin was on Fox the other day decrying Kammies ‘the border is secure” line. That was my first that Manchun may be realizing he’s in trouble. I hope West Vs don’t fall for his act again.
And Abbott and RDS…
Hear the clip from NPR the other day on talk radio, saying Ukraine wants 5 billion a month from “the West” (us, of course) “in perpetuity”???? 5 billion A MONTH IN PERPETUITY??? And the Ukranian guy just calmly said it like there was nothing outrageous about it at all, and the NPR interviewer (but naturally!) just asked “for how long?” like there was nothing insane about asking American middle-class tax-payers to give them that money for the rest of their lives…
This is an insane age, it really is. WHY should we do this? And what makes anyone think we have that kind of cash lying around? And wht should we not have any needs of our own, but only pay for Ukrainian oligarchs to purchase more yachts and mansions?
Insanity.
Allegedly, with the sanctions against the evil Putin regime, Russias economy would be destroyed, and he would be deposed.
Russias economy is doing great, “the Wests” economy is tanking, and European leaders are beginning to fall like bowling pins, after a strike.
And their answer is “more if the same!”
Fake War by All involved
It’s loot the treasury time.
Get it while you can, scam Shltlibs because you’ll wish you had!
The Great American Bubble Machine
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again
April 5, 2010
http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405
And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an “environmental plan,” called cap-and-trade.
The new carbon credit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.
Here’s how it works: If the bill passes, there will be limits for coal plants, utilities, natural-gas distributors and numerous other industries on the amount of carbon emissions (a.k.a. greenhouse gases) they can produce per year. If the companies go over their allotment, they will be able to buy “allocations” or credits from other companies that have managed to produce fewer emissions. President Obama conservatively estimates that about $646 billion worth of carbon credits will be auctioned in the first seven years; one of his top economic aides speculates that the real number might be twice or even three times that amount.
The feature of this plan that has special appeal to speculators is that the “cap” on carbon will be continually lowered by the government, which means that carbon credits will become more and more scarce with each passing year. Which means that this is a brand new commodities market where the main commodity to be traded is guaranteed to rise in price over time. The volume of this new market will be upwards of a trillion dollars annually; for comparison’s sake, the annual combined revenues of all electricity suppliers in the U.S. total $320 billion.
The bank owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utah-based firm that sells carbon credits of the type that will be in great demand if the bill passes. Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets. There’s also a $500 million Green Growth Fund set up by a Goldmanite to invest in green-tech … the list goes on and on. Goldman is ahead of the headlines again, just waiting for someone to make it rain in the right spot. Will this market be bigger than the energy futures market?
“Oh, it’ll dwarf it,” says a former staffer on the House energy committee.
Soon to be famous last words, “Oh, it’ll dwarf it,”.
Carbon credit fraud: The white collar crime of the future
https://tomaswell.files.wordpress.com/2015/02/carbon_credit_fraud.pdf
The Forest Mafia: How Scammers Steal Millions Through Carbon Markets
When the product is invisible, the cons are endless.
https://www.theatlantic.com/international/archive/2013/10/the-forest-mafia-how-scammers-steal-millions-through-carbon-markets/280419/
Thanks for this. Bill Gates revealed with his land purchases!
Meanwhile, the commodity prices will naturally be manipulated in such a manner that the average unwashed deplorable will be charged for the air they breathe.
That was talked about in the Obama years…
Isn’t that what cel phones were for?
and the miles they travel, the energy they use in heating their house, the water they drink– yep. you’re absolutely right on– I remember reading about that, too. The monetization of natural resources.
I think that answers the question, “But WHY would they lie?” asked when people are shown copious proof about how catastrophic climate change is being massively hyped: it makes even wealthier the firms who make politicians wealthy and enable the politicians to remain in office while also increasing their power and control.
Fascinating in a gruesome, train-wreck sort of way…..God help us (not using the name in vain, either.)
In parallel it has been interesting watching the existing major cryptocurrency’s all work to reduce and improve their “energy footprints”.
It is fascinating flipping back and forth between Market and Crypto-Market tabs on sites like Market Watch and Business Insider.
Correlation and Inverse Correlations between them, in terms monetary values, energy, ESG and news stories..
Just how do they plan to improve them exactly? Sounds like those worthless mission statements of the 90s. Lots of words, no real measurables.
The purpose of trading carbon trading is to steal money….
Major banks enabled fraudsters to steal billions of pounds of public money through VAT scams, allege documents obtained by the Bureau.
A decade later, tax authorities are still chasing the money through the courts.
Traders in London facilitated the so-called carousel fraud by organised crime gangs in 2009, which involved the trading of carbon credits, permits which allow a country or organisation to emit greenhouse gases.
https://archive.ph/HkESB#selection-439.0-446.0
This will also be the new “big thing” for cryptocurrency’s as some how they are tied to “energy required” which can easily be converted to “carbon values”.
I am not an expert in crypto’s but see enough of this “energy” talk on from conventional and crypto markets to get a gut feel this is the new direction … maybe even the replacement for petro-dollars on route to the single world digital currency system.
Ethereum becomes WEF coin, and a global CBDC is born
Marketed as a climate friendly alternative, a major digital asset becomes the frontrunner for a global central bank digital currency.
https://dossier.substack.com/p/ethereum-becomes-wef-coin-and-a-global
I can’t believe the good people of West Virginia got snookered and voted for that back stabbing Manchin.
I wonder if they will know better next time. WV is in the business of selling real carbon/coal not credits.
Hard to feed a coal miners family on the Elites carbon credit scam.
They just hope the whole WV rubes die in the meantime.
NOBODY really voted for the Congress we have.
America is NOT “a 50/50 country, with slightly more voting Democrat” which they have been telling us for years, and which you notice, is EXACTLY what the current makeup of the Senate is.
A simple thought experiment is take away the 17th amendment, before which U.S. Senators were appointed by State legislatures.
30 State Legislstures, both Houses R majority, so presumably would appoint 2 R senators.
17 States both houses majority Dem, So presumably would appoint 2 Dem senators per State.
3 States split, one House majority R, one Majority D, so presumably would appoint 1 R, 1 D per state.
Do the math; Senate would be 63R, 37D.
We DO NOT live in a “50/50 country, with slightly more Dems.
Blue Stated aren’t blue, they are just painted that way.
The vast majority of the voting public have absolutely zero idea what “carbon credits” or “carbon trading” is. And, when you try to explain to them that it will ultimately give Federal and State governments the ability to regulate almost anything, including our own bodies, they look at you like you’re as insane as the monsters who are trying to implement it.
[…] The tax-credit sales mark a shift in the U.S. strategy for attracting public and private capital to renewable-energy projects, and they will happen alongside existing climate-finance markets such as carbon offset purchases.
Attracting public capitol. Is this another word salad way of admitting a major source of revenue to fund this scheme is going to be my tax dollars whether I approve of it or not?
WOW!
You actually think they are YOUR tax dollars?
Sorry,..but WOW, I am just surprised anyone still believes that,…
Isn’t Obama an owner of the carbon trading platform in Chicago?
He was, and it’s probably safe to assume that he still is…
from a poor little boy in Indonesia to this…he’s really come up in the world…helps to come from and know the right people (and be groomed by them), doesn’t it?
I posted this tonight on the Presidential Thread but now since it is relevant to this article; I just put it here also:
It seems that that NYT is now saying, after 27 years of Green, Baby, Green; it’s now “Drill, Baby, Drill”:
Read it on Don Surber’s Blog:
https://donsurber.blogspot.com/2022/09/nyt-drill-baby-drill.html
Good read, thanks! Seems like the chickens are starting to roost!
flip the table
Enjoy your new life in serfdom chasing the “No Bad Weather” Fairy.
Uh…where does the money come from for those corps. and their “tax credits” and “instant discounts”? Oh, silly me/s.
This scheme is similar to what the hospitals are having to do right now from the atrocity called The Affordable Care Act. At this phase, they have to do so much more, with far less, to get less reimbursements. The said ‘product’, has deteriorated. Health Care being the product.
“Just go green, jack”? Jack knows junk.
I am green, like that which comes from food poisoning.
Give everybody in America a gift card from Home Depot for a twenty dollar tree to put on their property. It will be a whole heck of a lot cheaper.
West Virginia, you have been scammed and what have you done to us????
I always loved the saying that is, “If you’re getting something for free, then you are the product.”
I’m only 30 and even I was taught that there is no such thing as a free lunch, yet apparently no one in government understands that.
You’ve learned well, grasshopper
If you are getting something free other then the air you breath it was stolen via slavery or theft!
Oh, they understand it all too well…it’s the voters who don’t.
This doesn’t rest on Manchins shoulders alone.
This grifting scheme belongs to the globalists as well as every member of the uniparty.
He ll do to begin with. Make him a political casualty
guess eating bugs will make us fart less so we won’t need as many human carbon credits to live and breathe.and with them needing more and more corn for ethanol.there will be less and less corn for food.here in iowa they are pushing a carbon pipeline to pump carbon into north dakota,the ethanol plants are all on board,BUT the landowners not so much.they are talking of using eminent domain to basically steal the land for the pipeline
I, for one, welcome my evil alien overlords.
There are multiple exchanges already. Here is the largest global exchange. They have 400+ clients (individuals and corporations). It is structured much like existing future markets.
https://xpansiv.com/about/
The whole CO2 impact on global warming is simply without merit. NOAA data for sea level from mid-1800s and CO2 from 1958, each scientifically accurate, display ZERO correlation. A simple chart comparison proves CO2 does not cause global warming, ice melting leading to sea level rise. About as simple and elegant a proof debunking the concept of global warming in plain sight available. The longest sea level history is from The Battery Tide Gauge but the same lack of correlation occurs with every tide gauge globally.
Links:
https://tidesandcurrents.noaa.gov/waterlevels.html?id=8518750&units=standard&bdate=18560101&edate=20220101&timezone=GMT&datum=MLLW&interval=m&action=data
https://gml.noaa.gov/ccgg/trends/data.html
I’ve found good articles on this and other related subjects myself on the following website;
https://wattsupwiththat.com/
Guess that makes me a climate heretic too, with not believing that trace amounts of atmospheric CO2 has much to do with driving the Earth’s climate.
If you are good with putting data in spreadsheets and plotting graphs, you should do so. It is so simple and easy to explain to others when they can see it visually. I would have posted the chart but the thread is not designed for pictures.
None of this matters if you are an illegal immigrant on welfare.
My power bill goes up, while theirs stays the same.
It does matter, because those 80,000 IRS agents will make it matter every 15 April, on an annual basis.
Our power provider offers a carbon foot print score based on my energy usage, gas and electric as part of my monthly bill.
It would be very easy to link … say … a stop at the gas station to fill the car to a carbon score recorded via your credit card based on gallons of gas purchased.
Easy to link your credit card to grocery bill to groceries purchaed to carbon score of those groceries.
Your retirement account portfolio ESG score(s) reported on the annual Form 1099 sent to IRS.
Link to TX State DMV to assess carbon score of cars I own.
Link to Collin County, TX tax office to assess carbon score of my house.
That’s what they are feverishly working on!
We get to subsidize everything they do. From the moment they set foot in the country, they get handed checks, plane rides, phones, health care, housing, food stanps — and it’s all free, courtesy of the American middle class. Meanwhile, we not only pay for all theirs, but we still pay for our own, so it’s not even like it all goes into one big pool and we all share. No, it’s all on US and nothing is on them.
Not a good time to be an American….unless we find a way to set it right. We’re being robbed in robbed daylight– and raped, too.
The Green New Deal legislative vehicle constructed by lobbyists(Lawyers) and passed by congress(50% of Congress are Lawyers), people are now starting to realize a carbon-trading system was created.
I keep telling you guys…..Lawyers are the problem….Eliminate Lawyers from holding Public Office and 90% of problems solved….
What a scam. Spend a fortune on ‘renewable energy’, lose 90% of your profits and qualify for a lousy miniscule tax break. But your social credit score will go up a point too! Gag me out the door…
Who are the lobbyists behind this bill?
They must be destroyed and the earth around them salted!
Law Firms……..
democrats+ and establishment republicans
MAINSTREAM Republicans,….Bidens mainstream Republicons.
The existing plutocrats and maybe some new ones will receive the contracts from this expenditure and they will probably find ways around the Sherman Act. We seem to be once again run by Cartels. They are using the rent-seeking theory instead of profit seeking. WEF is like their Clan leader doling out the orders. How much money does Larry Fink need.
The informal oligarchy that results from a kleptocratic elite subverts our American way of life.
Petroleum engineering meets financial engineering.
Financial engineering for the win.
What is going to happen with the ethanol mandate if there is no fertilizer to grow MORE CORN?
So is this further tying up of our companies and corporations so they do the bidding of the government? Pretty much the classic definition of Fascism?
They’re trading in pieces of paper where the govt. authorizes them to “pollute”, ( the Green Cult’s words, not mine ), the environment with excess CO2, the very thing they despise and are trying to get rid of, not to mention, what plants and trees use as food, in turn, those plants and trees are vital for the existance of all humans and animals on the planet.
The Western governments are basically implying, “we own the air you breathe”.
How soon until they start taxing the individual citizen for the very air they have to breathe to stay alive ? I don’t ask this in jest either, these are “Progressives”, one step at a time, give them an inch and they take a foot. This is why you never give in to their agenda, because they never stop and they never learn.
This makes no sense at all.
Anybody remember when Al Gore had created just such an exchange, shortly after he wrote his Inconvenint Truth book, with … All the exchange commissions GOING TO HIM.
GOD, I despise these parasites!
Now we see the 87000 IRS hires, jackboot on energy credit tax, then on your exhales, we will need carbon credit to exhale.
We are carbon and we emit carbon dioxide as we exhale. It’s only a matter of time before we humans are traded on our actual bodies. There won’t be any further mention of “my body, my choice”.
Prescience: https://www.facebook.com/tomer.tamarkin/posts/pfbid02TFjNkzmjDeszgmcmkptc8WthFVZERuL1orV2XwfPHnP4UZ7MUcHeXPtu5y5ru4n9l
Sounds like more people making wealth out of thin air.
How did a once prosperous nation fall into a crisis that the World Bank calls “the worst economic crisis in 150 years”?
Lebanon’s dire straits are the result of years of corruption, waste, and unsustainable financial policies like fuel subsidies. A year ago, the Central Bank announced a gradual end to the subsidies because they were draining $3 billion a year in precious foreign exchange reserves. The subsidies recently ended, and the price of gasoline exploded. Owners have now pegged the price of gas by the liter to the black market price.
While gas will cost a little less than a dollar a liter, a dollar at the unofficial black market rate is 35,000 Lebanese pounds — the entire monthly salary for the average Lebanese.
https://pjmedia.com/news-and-politics/rick-moran/2022/09/15/its-so-bad-in-lebanon-that-people-are-robbing-their-banks-to-get-their-own-money-n1629812
It’s even worse than that for ordinary Lebanese.
Why is it when these people create some BS law or bill or whatever it’s always “extremely difficult” to reverse or eliminate it?
Nothing ever breaks our way in these situations. These people might have complete buffoons as their front guys, but their background guys are lethal.
Sundance, I brought up the R&D Credit situation a couple weeks ago and was wondering if you had time to review it?? If they don’t adjust or repeal this portion of the credit then the entire economy is going to collapse. I’ve been having regular meetings with the partner at PWC who handles my account and she says they don’t appear to be removing this rule that’s going to take affect for 2022 taxes. So April 15th of 2023 when companies go to file their corporate taxes they are going to have to capitalize all costs associated with their R&D credit. It the cost associated with the credit are 80% of a companies standard expenses they will NOT be allowed to deduct those expenses on their PL. meaning that is all now considered revenue.
I implore to look into this. This will be the final nail in the economy.
Carbon Credits is a Numbers Game.
e.g. if you have one Acre managed to minimize Carbon Emissions
you might make $1.
Money laundering, democrat style!
I don’t get it, I read everything but I am confused can someone dumb it down for me?
visage13: I will try to explain. Say you own a business that emits XX amount of carbon into the environment, due to burning of diesel fuel and the byproducts of your production processs. You purchase “carbon credits” to offset the amount of carbon you emit. The seller of the credits makes money. The exchange that makes the market and executes the transaction gets a piece of the action. The gubmint gets a cut, in taxes and nonsense fees (just as you see on your phone bill), such as fees to ensure “environmental equity” for “the most vulnerable.” On paper, you reduce your “carbon footprint,” and signaling your virtue and avoiding the wrath of the environmentalists and the ESG crowd (the Environment, Sustainability & Governance shakedown industry). You avoid government-imposed penalties on carbon emitters. Perhaps, you get a tax deduction for buying those carbon credit.
That’s as much as I can dumb it down, and my description may not be entirely accurate. It’s all financial engineering that magically makes evil carbon go away.
Fairly succinct synopsis, better than I would be able to do.
Let’s say your state has passed a law to create a Renewable Portfolio Standard (RPS) or joined the Regional Greenhouse Gas Initiative (RGGI). That law sets a schedule that says customer energy demand must be backed by renewable production, at a given % ratcheting up by year.
Your utility company (Load Serving Entity, or LSE) must now prove to the state government that say 20% of annual energy consumed is “renewable” or it pays a penalty for the difference. The revenue from the penalty goes to fund environmental somethings, don’t look behind the curtain.
How do you prove you have renewable production for your consumers? You buy little slips of paper called Renewable Energy Credits (RECs), which represent MWh produced by someone who owns a solar panel or wind farm. The REC sellers are paid by the LSE, and any costs are passed on to the consumer. This encourages more renewable production, since REC revenue offsets the cost of building the solar. But that’s ok, since you voted for the guy who voted for this, and votes have consequences.
Now imagine this scheme at a national level, not state level, and all of the money that is about to trade hands, all over paper representing green electrons and carbon not produced.
Now you know what 87k new treasury agents are going to do.
Gonna contribute to carbon emissions, when they try to collect from joe sixpack, and he burns some ‘carbon’ to send lead their way?
All to line their pockets off our backs. Disgusting
This vid is 11 min long and is a good investment of your time to easily understand the cabal and the facts behind the Paris Climate Accord that President Trump withdrew from and directly related to the CTH article. Presented by Dr Shiva at MIT and very well-done.
In case someone wants to bookmark this good video, here’s the link.
http://www.youtube.com/watch?v=-0Rtystv7dc
Like the derivatives market?
Great, cause THAT worked out SO well!
Insane Idiots In Charge of Destroying Everything, and Dancing as it Collapses.