Major backer now doubts validity of carbon trading
- HSBC report authors "question the validity of carbon trading as an investable theme":
- climate change sector has underperformed global equities, according to the latest quarterly review
- validity of carbon trading as an investable theme.
- would have allowed the carbon market to thrive; with none in place the general downward trend of carbon trading seen last year has accelerated.
- Post Copenhagen it has fallen over 28 per cent".
- Trustnet, 3.29.10, "Carbon Trading in Decline," by Martin Wood, "HSBC blames lack of agreement at Copenhagen for climate change related investments underperforming global equities."...via Tom Nelson
- the carbon?
- While science was killed as an innocent bystander,
- the UN with its desire for funding via international taxation vies
- with exchange corporations who want a piece of the
- new $300 billion market."...
- George Soros climate pressure group Ceres.org presents HSBC climate alarmism.
Labels: HSBC now doubts carbon trading viability
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