Morgan Stanley To Provide Carbon Offset Services
November 19th, 2007 · by Bob Meyer · 3 CommentsMorgan Stanley has partnered with consultants DNV to form a “carbon bank” and advise companies that want to go carbon neutral.
Under the new service, clients will compile their emissions inventory and calculate their carbon footprint by applying the monitoring standards of the Greenhouse Gas Protocol Initiative. DNV will then verify these emissions inventories and calculated carbon footprints. Carbon quantification, monitoring and verification will be conducted consistent with ISO 14064 standards.
Morgan Stanley’s Commodities Group will procure and cancel carbon credits equivalent to a client’s verified carbon footprint. Clients will be able to select their preferred sources of carbon credits, although all carbon credits will be generated according to the standards of the Kyoto Protocol.
Carbon credits will be procured from various sources including from Morgan Stanley’s own direct investments in emission reductions as well as those of MGM International. Morgan Stanley acquired a 38 percent stake in MGM last year.
Morgan Stanley said last year it would invest $3 billion in environmental markets, including the trade in permits to emit greenhouse gases, called carbon credits.
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November 26th, 2007 at 9:46 pm
And you’ll never guess who’s poised to make a billion dollars from this carbon-trading! –LB
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This article appears in the March 30, 2007 issue of
Executive Intelligence Review.
Carbon Trade Swindle Behind Gore Hoax
by Richard Freeman and Marcia Merry Baker
Look behind—if you dare—Al Gore and his science hoax, and you find the very same London-centered oligarchical financial crew that drove the 2003-2006 oil and commodity price increase, amidst the bubbles and hyperinflation that characterize the breakdown-phase of the financial system. The centerpiece of the U.S. emerging market for carbon emissions trading, is the Chicago Climate Exchange (CCX), created in 2003 as a “voluntary,” or pilot agency, part of a London-based network positioned to reproduce the oil bubble on a scale orders of magnitude greater and more dangerous, while at the same time, destroying what’s left of the physical economy.
The idea is that if governments cap CO2 emissions, then the “market” will take off for the buying and selling of emissions “allowances.” This is the whole point of the “cap-and-trade” plan for CO2. If it sounds crazy, it is. But Gore is just one of the most visible parts of the elaborate (and bi-partisan) schemes that have been set in motion under cover of climate change. Gore’s personal financial involvement is blatant, especially through Goldman Sachs—a large shareholder of CCX, and in 2004, the creator of Gore’s very own London-based hedge fund, Generation Investment Management.
CCX has multiple interconnections with the London-run Intercontinental Exchange, Inc. (ICE), whose subsidiary is the International Petroleum Exchange, the world’s largest petroleum futures and options market. The dirty details of ICE and the Great Oil Price Swindle came out extensively at a May 8, 2006 Senate Democratic Policy Committee hearing, where Sen. Carl Levin (D-Mich.) said that futures speculation on the ICE was the driver for adding $20 to 25 to the price of every barrel of oil, causing hardship to industry and households, and suffering to underdeveloped nations. (The report, “The Role of Market Speculation in Rising Oil and Gas Prices,” is still posted on Sen. Levin’s website).
Yet Al Gore got away with advocating cap-and-trade CO2 speculation at his much ballyhooed appearance before the joint House Hearing of the Energy and Science Committees March 21. Gore repeatedly told Congressmen to “put a price on carbon.” In response to Rep. Roscoe Bartlett (R-Md.), Gore said, “As soon as carbon has a price, you are going to see a wave [of investment] in it … there will be unchained investment.”
…more - http://www.larouchepub.com/other/200…n_swindle.html
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November 26th, 2007 at 9:52 pm
Opps! Correct story link -
http://www.larouchepub.com/other/2007/3413carbon_swindle.html
November 29th, 2007 at 2:18 pm
Here’s another. LB
CO2: The Greatest Scientific Scandal of Our Time (PDF)
by Zbigniew Jaworowski, M.D., Ph.D., D.Sc.
http://www.larouchepub.com/eiw/public/2007/2007_10-19/2007-11/pdf/38_711_science.pdf