Carbon trust program is full of susceptible holes

There will always be people who try to take advantage of something they shouldn’t, writes Keith Sketchley

Jordan Bateman exposes an example of the foolishness of carbon credits in his Aug. 3 guest column “Carbon Trust has run its course.”

Apropos his point that such schemes would be rejected in a free market, the Chicago climate exchange collapsed (but Al Gore made millions from it before then).

There will always be people who try to take advantage of something they shouldn’t.

Europe’s carbon credit trading schemes were scammed, in one case the U.K. government had to force the price of something to zero to plug a loophole among laws that would have cost taxpayers huge sums. European governments lost billions trying to prop up carbon trading.

The risk is especially high with an irrational theme such as the blame-humans-for-climate-variation scam.

A few decades ago many Canadians were hurt by low quality installation in the government-promoted foam-in-place insulation business.

Today governments and private investors are losing money from investments in solar and wind power, as they failed to recognize limited life of equipment and the need to accommodate the varying output of those sources of energy (expensive energy storage schemes are needed).

Will voters put a stop to the nonsense in forthcoming elections?

Keith Sketchley, Saanich

 

 

Just Posted

Plans to clear-cut old-growth near Port Renfrew causes an environmental outcry

Groups call logging a provincial government ‘blind spot’

Sentencing delayed for man who attacked VicPD dog

Uno later recovered from his injury and returned to work

Saanich councillor continues to call for permanent funding for Greater Victoria sexual assault centre

Coun. Ned Taylor says funding announced last week will help, but need for permanent support remains

Second cannabis dispensary earns Langford approval

The Original Farm Langford Ltd. plans to open in Belmont Market

Four Grizzlies players named for NHL draft

Newhook slated to be pick number 13 overall

4 victims killed in Penticton shooting spree remembered at vigil

John Brittain, 68, is charged with three counts of first-degree murder and one count of second-degree murder

POLL: How often does your family use BC Ferries?

Navigating the lineups for BC Ferries is a way of life for… Continue reading

Crime Stoppers most wanted for Greater Victoria for the week of April 16

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Undercover cops don’t need warrant to email, text suspected child lurers: court

High court decision came Thursday in the case of Sean Patrick Mills of Newfoundland

Whitecaps fans stage walkout over club’s response to allegations against B.C. coach

Soccer coach has been suspended by Coastal FC since February

Three climbers presumed dead after avalanche in Banff National Park

One of the men is American and the other two are from Europe, according to officials

TSB makes two safety advisories in probe of B.C. train derailment that killed three

The CP Rail train went off the tracks near the B.C.-Alberta border in February

VIDEO: Trump tried to seize control of Mueller probe, report says

Special counsel Robert Mueller’s report revealed to a waiting nation Thursday

Contaminated soil to stay at contentious Shawnigan Lake site?

Reaction: “The community would lose their minds if this plan proceeds.”

Most Read