Environmental regulations delayed, defied, defrauded

The EPA was hours away from having its new regulations go into effect, forcing the shutdown of large numbers of power plants. They propose to do this “for the children.”

This might be connected to hearings in Congress in which it was revealed that the EPA is quite bad at coming up with a justification for their actions that holds up to scrutiny. But the regulations are still pending, and we’ll know more in the next couple of days.

In the meantime, the European Union has just enacted a new tax for airliners operating in their airspace (taxing their carbon emissions), but China has just told them “no, we will not play that game.” The US’s airlines don’t like the new tax either.

And of course, the EU has had lots of fraud problems in their carbon tax handling:

On December 9, the EU’s law enforcement agency Europol estimated up to 90% of all market volume was fraudulent in some countries.

Europol spokesperson Rafael Rondelez told the December 10 EU Observer the intangible nature of carbon credits make them “an incredibly lucrative target for criminals”.

“It makes it easier for fraudsters because it’s an intangible good”, he said. “Before, goods actually had to be transported from one member state to another. You had to prove that goods were really being transported.

“With this, it’s just the click of a mouse.”

Of course, the benefits of limited carbon dixoide are also intangible, especially as the recent rise in CO2 is contributing about one-seventh of the world’s food supply.

===|==============/ Keith DeHavelle