British Coal-fired power plant company Drax has had its profits plunge by almost half as it now has to pay carbon credits for being the largest single carbon polluting station. Drax spent 107 million pounds this year under the European emissions trading scheme when carbon allocations were reduced. The company paid about 11 [...]

Most of you that are skeptical of global warming see the explicit lifestyle choices being forced in your personal lives from new compact fluorescent light bulbs that contain mercury (and cost much more) to expensive gasoline that can be traced back to lack of action by environmentalists and the Democrats who love them.  But did [...]

WIth the Congressional recess underway, at least for Democrats, and a whirlwind book tour for Pelosi, Michelle Malkin has performed a carbon footprint calculation for Pelosi based on her expected book tour over the next few days.  While I won’t give the answer here, let’s just say Nancy should invest in some of Al Gore’s [...]

The Democratic National Convention is offering delegates the ability offset their transportation emissions by purchasing carbon credits that will be invested in alternative energy sources.  One such source, a wind turbine in eastern Colorado and a project of the local school district, has received funding from the sale of said carbon credits.  The problem?  The [...]

When you eat off a plate, do you buy new plates to exchange your food-stained ones?  Do you buy new clothes every time you soil your laundry?  Of course not.  So why buy carbon credits for clean air when you put carbon dioxide into your existing air?  This opinion piece points out the basic element [...]

With all the recent concern over methane gas emitting from bovine burps, an interesting question has been posed by the team over at NewsBusters:  will we be required to buy carbon credits to offset natural bovine emissions whenever we eat meat?  While I don’t think a plan like this is eminent, it sure demonstrates a [...]

The European Union Parliament voted earlier today to include airline emissions in their greenhouse gas emissions reduction program.  The act, to begin in 2012, would allow the airlines to purchase carbon credits to offset their emissions.  In addition, each airline would be required to reduce carbon emissions by 3% in 2012 and 5% per year [...]

Well, sort of.  Connecticut Governor Jodi Rell announced that she wants an amendment to the 10-state greenhouse reduction plan enacted in 2005.  She wants portions of the sale of carbon credits set aside to help tax payers during the current depressed economy to pay for the basics, like electricity and food.  But, she only wants [...]

Some great analogies about carbon credits here.  In essence, jet-setting “environmentalists” are able to emit as many carbon credits as they desire while purchasing carbon credits, which are a promise for others to pay for their bad habits.  As I’ve said before, if environmentalists were truly concerned about the environment, they’d cut their emissions to [...]

The government of New Zealand could get rich quick off a proposed emissions trading scheme, according to this article.  Depending on the cost of carbon credits, the government could receive anywhere from $21 billion to $42 billion over the next 20 years.  
Source: www.stuff.co.nz/stuff/thepress/4586201a6009.html