Wednesday 16 December 2009

Cui Bono, Mr Pachauri?

Emperor Barroso has urged the boss of the Tata Foundation, Rajendra Pachauri, to sue UKIP MEP Paul Nuttall for pointing out that Tata stands to make £600m from trading "carbon credits" under the Carbon Trading Scam Scheme invented by ... erm ... Rajendra Pachauri.

Nuttall's speech is as follows::
Mr. Barroso,

Recently we have heard that there is to be a closure of the Corus Steel Works in Teeside, in North East England. This is due to the EU target of a reduction of 20% of Carbon emissions. Thanks to "Carbon Credits", Corus can no longer afford to employ over 5,000 Steel workers including suppliers.  We also have the spectacle of the British government admitting that its hands are tied on this issue by punitive EU Competition Law.

The real gain to Corus from stopping production on Teeside is the saving it will make on its carbon allowances, allocated by the EU under its Emissions Trading Scheme which will be worth up to £600 million over the next three years. As the head of the IPCC, Rajendra Pachauri, is the head of the Tata foundation, one must ask "qui bono?" Needless to say, Tata of India owns Corus.

Is it now official EU policy to offer incentives to companies to close plants, such as Teeside, so that they can out-source their business to countries such as India, or is there a more personal interest at stake here?
Cui Bono, indeed.  Pachauri is clearly a blagger, he managed to get himself appointed to the management team of the IPPC and oversaw the creation of the "carbon credits" pyramid scheme yet he has no relevant qualifications.  A PhD in industrial engineering and economics doesn't qualify someone for this sort of thing.  So how exactly did Pachauri manage to blag his way into this job?

Viaticus Sermo.


Anonymous said...

It's IPCC (Intergovernmental Panel on Climate Change)