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Scandalous Fraud in the European Emission Trading System
Climate change - In the news
Written by Hugh Sharman   
Friday, 28 January 2011

The latest scandal involving large-scale theft (€30 million?) is well reported at  http://www.guardian.co.uk/environment/2011/jan/21/emissionstrading-eu). This follows an even larger, €5-billion fraud last year (http://www.europol.europa.eu/index.asp?page=news&news=pr091209.htm ). 

According to a message that DimWatt received from Europol this month, the thieves of the first fraud have not been apprehended and the money has not been recovered.  This is astonishing considering that the scale of the fraud makes the largest bank robbery to date seem a minor infraction.

This process is clearly benefiting only thieves, traders and bankers. It seems to be doing absolutely nothing to avert "dangerous climate change".

It not long past the date to unwind the whole process and admit defeat.  The citizens of Europe deserve nothing less.

We are mystified by the relatively low profile of these gigantic frauds in Western Europe's press and the almost total silence of politicians.

What is going on? DimWatt will continue to follow the matter closely

 

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