You’re Gonna Buy Some Carbon Credits, See?

Psssttt . . . hey buddy,  I got a nice deal on some carbon credits, straight off the docks.

Sopranos

If the eco-left gets its way, this won’t be such a far-fetched scenario.

Earlier this month, Europe’s top law enforcement agency (Europol) reported the continent’s so-called “Cap and Trade” system is under the control of organized crime.

Lawmakers and energy experts say the massive theft and fraud Cap and Trade has fostered in Europe should be a “red flag” to U.S. lawmakers who want to recreate the system in the United States, according to Fox News. Europol reports over the last 18 months, $7.4 billion in fraudulent credits have been purchased from organized crime figures. Under “cap and trade” businesses cannot exceed certain carbon dioxide output limits, unless they buy government issued “credits” allowing them to produce more (in effect, a tax on carbon dioxide.)

Europol estimates in some countries up to 90 percent of the entire market volume was caused by fraudulent activities. “These criminal activities endanger the credibility of the European Union Emission Trading System,” said Rob Wainwright, Europol’s director.

As is the case in Europe, it’s only a matter of time before organized crime gets into the cap and trade “racket”.

Fight back – Click here to sign our “No Cap and Tax” petition if you haven’t already done so“If you know what’s good for you!”

Right now, the Cap and Tax system just one U.S. Senate floor vote away from passage invites “corruption, illegality and criminal activity,” much as it has in Europe, said Max Schulz, senior fellow at the Manhattan Institute.

”This is the problem with politicians trying to create a market for something that the free market otherwise doesn’t value,” Schulz said. “An emissions trading market is an artificially, politically-created market….

“If we pass a system like Europe has, we’re going to get all the problems Europe has experienced,” he said. “You’re asking for a lot of problems.”

And that includes a surge in criminal activity and fraud in the carbon credit “market” – an opportunity Tony Soprano would love to get a piece of.

Western Tradition Partnership members aren’t about to sit back and let our economy get “whacked”!

Stay tuned, because we’ll be covering what is likely the first major prosecution of cap-and-trade fraud in the United States – a case in which records are set to be unsealed in early January 2010.