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The Spectacle Blog
So, the Telegraph reports that “the very nature of carbon credits makes them ‘an incredibly lucrative target for criminals’, Rafael Rondelez, who was involved with the Europol investigation, has warned.”
Get used to it.
View all comments (5) | Leave a comment
More Blog Posts by Chris Horner
http://spectator.org/blog/2010/01/04/whooda-thunkit-enron-created-s
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Pingback| 1.4.10 @ 10:15AM
Twitter Trackbacks for The American Spectator : AmSpecBlog : Whooda thunkit: Enron-c links to this page. Here’s an excerpt:
Sean| 1.4.10 @ 10:46AM
The whole thing is a fraud so what do you expect.
Dean| 1.4.10 @ 1:25PM
Who couldn't see this coming. My favorite part from the articl though was this: "This organised criminal activity has even "endangered the credibility" of the current carbon trading system, according to Rob Wainwright, the director of Europol. "
What credibility could their be in trading air?
Cara Ellison | 1.4.10 @ 7:11PM
For the record, Enron never traded carbon credits. It had planned to, but it was such a very teensy aspect of the business - and it was never implemented - that it hardly mattered at all. After Enron's collapse, it became easy to blame Enron for this scheme.
Enron wasn't scamming anyone by coming up with the market for carbon credits. It was taking advantage of an idea that was just coming into public consciousness. Today, Goldman has the market on carbons, but that doesn't mean Goldman is corrupt.