Copenfrauden: The Scandals Behind Global Warming
Nicolas Loris /
Forget the dire economic consequences of a Copenhagen climate change treaty for a second and think about the fraud involved.
Carbon Trading Fraud
Take the European Union, for instance, which implemented a carbon trading scheme analogous to a cap and trade system. And it has been fraught with fraud. French officials are investigating a $230 million carbon trading fraud scheme and this is only the tip of the iceberg in what is a startling revelation and huge blow to the climate talks in Copenhagen:
Europol, the European Union’s law enforcement arm against organized crime, announced on Wednesday that carbon-trading fraud has cost the bloc’s governments $7.4 billion in lost tax revenue over the last 18 months.