Who Says Can-Con Was a Waste of Time? - The American Spectator | USA News and Politics
Who Says Can-Con Was a Waste of Time?

Color me impressed at how right certain nations are when they like their chances sitting across the negotiating table from what Christopher Monckton calls the “bed-wetters”.

It seems that (Kyoto-exempt) oil producing states snuck in a provision whereby …well, you’ll want to be sitting down for this. Ready?

The oil they sell to (covered) countries — often to supplant oil certain covered countries might extract domestically themselves but-for Kyoto-style policies blocking such production if adopted in the name of, er, reducing dependence on foreign oil (not kidding) — can, for a little bit more, come with its very own carbon offsets, derived from these exempt countries doing what they do anyway: inject CO2 into oil wells to enhance the wells’ production as it depletes.

As put by E&E News, in a paragraph buried in its recapitulation coverage (subscription required):

Something for everyone, but silence on Kyoto

The agreement makes carbon capture and storage The agreement makes carbon capture and storage projects (CCS) eligible for carbon credits under Kyoto’s Clean Development Mechanism — something that Saudi Arabia, Australia, Kuwait and Venezuela pressed for hard.


Imagine what was said in the Saudi, Venezuela et al. strategy-session, when the possible reaction to such a move was discussed. My money is on it not having been flattering to Western nations or their ability to negotiate in their own interests, instead certain to seize every remote new chance to lose the plot, giving the store away in a dash to preen and declare a deal was done.

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Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

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The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation