The carbon credit market continues it's slow death...

I'll bet Al Gore has already cashed out...

Via Financial Times:

At least 10 London banks have scaled back or closed their carbon trading desks amid turmoil in the European emissions trading scheme.
The fledgling market was once seen as a promising growth area, with the City of London Corporation predicting in 2006 that London would become the leading provider of services to the “mushrooming” sector.
But the number of City workers employed on carbon desks has fallen by 70 per cent in the past four years, according to Anthony Hobley, president of the Climate Markets & Investors Association.

Green Fail: 20,000 poor people evicted to grow trees for carbon credits...

Environmental insanity is driven by money...

Via CFACT:

When you think about the effects of global warming hysteria, you might think of higher electricity prices, not people being thrown off their land and having their homes burned down. But that is exactly what’s been happening in the East African country of Uganda, where a British company called New Forests has been seizing land to grow trees and then sell the so-called “carbon credits” for a profit that could reach nearly $2 million per year. According to reports published in the New York Times and Telegraph of London, New Forests is backed by the World Bank and has been using armed troops, with the government’s permission, to forcibly evict over 20,000 poor people from their homes. This certainly gives terrible new meaning to the concept of Green neo-colonialism.