Wednesday, Dec 30, 2009
Exploiting the coal face?
Telegraph: 'Carousel' frauds plague European carbon trading markets
From the article:
Just a few weeks ago, Europol, the cross-border police force, said that carbon trading fraudsters may have accounted for up to 90pc of all market activity in some European countries, with criminals mainly from Britain, France, Spain, Denmark and Holland pocketing an estimated €5bn (£4.5bn).
"It is estimated that in some countries, up to 90pc of the whole market volume was caused by fraudulent activities," Europol said.
Posted by dill @ 06:53 PM (773 views) Add Comment
2 Comments
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1. enuii said...
Big thing is they are trading an artificial commodity created via the hot air generated by politicians!
2. alan_540 said...
Global Warming... Climate Change... Uhhhh Its the Weather Stupid! Tulip Bulbs... That's all I'm going to say!