DEAUVILLE, France: Russia, Japan and Canada told the G8 they would not join a second round of carbon cuts under the Kyoto Protocol at United Nations talks this year and the US reiterated it would remain outside the treaty, European diplomats have said.
At last Thursday’s G8 dinner the US President, Barack Obama, confirmed Washington would not join an updated Kyoto Protocol, the diplomats said.
The US, the second-largest carbon emitter, signed the protocol in 1997 but in 2001 the then president, George W. Bush, said he would not put it to the Senate for ratification.
The tide has turned
For a while I’ve been saying the tide was about to turn, that the politicians were about to start following the real evidence … that there is no evidence of extremes caused by CO2 … the evidence that the public and Main Stream Media had stopped believing in Global warming doomsday hysteria.
Sell your wind energy stocks
Well, now is the time for action …. if you hold stocks in any producing windmills, running a business installing windmills or in any other way profiting from the political fad to litter our countryside with windmills … then sell sell sell!
But … if you own shares in companies operating wind energy industrial sites, to be honest, it isn’t that clear. The big question is how long the politicians will keep up the public subsidies after “peak global warming”. To be honest, I’ve no idea how wind subsidies will be treated when the global warming scam falls apart. Is the “public” under any obligation to continue giving money to wind farm producers because we are under some “public obligation” to support those who put their own money into supporting government policy?
What will the courts say?
Or do they have to take the rough with the smooth? Can the UK e.g. simply revoke the renewables obligation which will no doubt cause a huge number of wind farm operators to go broke.
Of course, the really canny will see this as an opportunity to buy up wind energy parks at a rock bottom price, when there is a glut and try to make money by selling directly into the commercial electricity market.