Tuesday, May 27, 2008

Billions of pounds are being wasted in paying industries in developing countries to reduce climate change emissions, according to two analyses of the UN's carbon offsetting programme.

Environment ministers from the world's top industrial powers called Monday for more effort to halve greenhouse gas emissions by 2050, but little headway was seen in setting more immediate goals.

The Group of Eight rich nations will likely agree to an "aspirational" target for cutting greenhouse gas emissions by 2050 but shun mid-term goals at a July summit, the top U.N. climate official said on Sunday.

I was watching the Big Oil execs testifying before Congress. That was my first mistake. If memory serves, there was lesbian mud wrestling over on Channel 137, and on the whole that’s less rigged. Representative Debbie Wasserman Schultz knew the routine: “I can’t say that there is evidence that you are manipulating the price, but I believe that you probably are. So prove to me that you are not.”