December 20, 2009
IPCC head heavily invested in carbon trading
Posted by Dr. Roy Cordato at 06:58 AM
According to the UK Telegraph, IPCC head Rajendra Pachauri, often referred to as the co-recipient of the Nobel Prize with Al Gore, has a personal financial stake in the game that he's been playing. The Telegraph states that:
has established an astonishing worldwide portfolio of business interests
with bodies which have been investing billions of dollars in organisations
dependent on the IPCC’s policy recommendations.
These outfits include banks, oil and energy companies and investment funds
heavily involved in ‘carbon trading’ and ‘sustainable technologies’, which
together make up the fastest-growing commodity market in the world,
estimated soon to be worth trillions of dollars a year.
Today, in addition to his role as chairman of the IPCC, Dr Pachauri occupies
more than a score of such posts, acting as director or adviser to many of
the bodies which play a leading role in what has become known as the
international ‘climate industry’.
Pachauri who, as the Telegraph points out, has no science credentials at all, has been defending the IPCC's use of science provided by those scientists involved with the climategate scandal. In light of these revelations what needs to be investigated is whether or not Pachauri has been involved in either an explicit or implicit conspiracy with the "climategaters" in an attempt to fatten his own wallet. Also, more locally, Pachauri testified to the NC Legislative Climate Commission in 2008. Clearly these revelations call into question everything he testified to in that setting. The Commission now should reexamine his testimony and reconsider its reliability not only in light of the climategate scandal but also in light of this clear conflict of interest.
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