Investment banks huge profit centers for non-existent global warming

""Carbon-related products are probably the most profitable part of trading for any of the investment banks right now,

• because the margins are so good," Mr. Birley admits....

As the man in charge of the world's biggest exchange for companies, banks and hedge funds to trade permits to emit carbon dioxide, Birley is

• fed up with the environmentalists' charge that dirty capitalists should not profit from the global effort to tackle climate change. "...

Patrick Birley is chief executive of the Europeon Climate Exchange.

• from UK Telegraph by Rowena Mason, "Europeon Climate Exchange Chief Patrick Birley defends the Carbon Trading System," 11/29/09

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