Leading climate exchange hacked by anti cap and trade protesters
- 7/25: "European Climate Exchange website hacked," Indymedia Australia
- leading marketplace for trading CO2 emissions in Europe, was targetted by hacktivists of the autonomous tech collective *decocidio* (#?).
In a public act of digital direct action, the ECX website was taken offline and replaced with a message in an effort to try to raise awareness about carbon trading as a dangerous false solution to the climate crisis, in support of the grassroots activists aiming to oppose the power structures and
- companies profiteering from the dysfunctional Cap & Trade scheme....
In 2009 Friends of the Earth UK released a report warning that carbon trading could trigger a second 'sub-prime' style financial collapse and fail to protect the world from global warming catastrophe. A copy of the full report, 'A Dangerous Obsession', is available at: http://www.foe.co.uk/resource/reports/dangerous_obsession.pdf....
- According to the hack message:
- "The Cap and Trade system (as implemented in the EU Emissions Trading Scheme) has a whole range of issues:
* It's main purpose is not to reduce emissions, but to help polluters meet "reduction" targets in the cheapest way possible, in a business-as-usual scenario. * Leaves room for unverifiable manipulation. * Generates outrageous profits for big industry polluters, investors in fraudulent offset projects, opportunist traders and new 'marketplaces' such as the European Climate Exchange. * It distracts attention from the wider, systemic changes and collective political action that needs to be taken to tackle climate change and it's fundamental root causes.""
- ****
"ECX website is unavailable due to technical reasons. We apologize for the incoveniency, and
- expect to be online again soon."...
"The carbon markets themselves were designed by many of the same
- Chicago School economists who brought us
- derivatives trading,
and they adopt a similar logic."...2/1/09, Guardian UK, Reyes
- via Tom Nelson
Labels: European Climate Exchange website hacked by protesters
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