December 14, 2009

Global Warming Talks Collapse

As predicted (by quite a few) the Copenhagen Climate Summit, otherwise known as COP15, has been suspend as developing countries have walked out.

Apparently it was African nations who took issue with the conference agenda, which apparently had plans that would put developing nations at a serious developmental disadvantage.

Don't count on it derailing Cap and Trade legislation in the U.S. Expect to hear something along the lines of "they are expressing legitimate economic concerns, however we don't want the fact that a deal couldn't be achieved to stop us from doing what we can to prevent a global ecological disaster. "

Just remember two things - man made global warming (AGW) is either a host or at least suspect and Cap and Trade is a wealth transfer vehicle, not an anti-global warming solution.

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