December 15, 2009 by Walter Schneider.

We have come to know that Enron’s manipulations that came crashing down some years ago were firmly built on fraudulent energy- and carbon-trading schemes of the world energy market.  It was Enron-style manipulation, for example, of Alberta’s energy market that led to the deregulation of the utility industry and to the doubling and tripling of energy prices.

We have come to know that Al Gore, when he was the vice-president of the US, had been involved in promoting Enron’s manipulations, although he appears not to have raised his great current wealth from that involvement.  Nevertheless, we have come to know that he is not an uninterested party in promoting the carbon cap-and-trade insanity, as he has an active interest in that promotion and increased his wealth from about $2 million, when he left government services, to about $200 million now.

Now comes another astonishing revelation.  U.N. climate chief Rajendra K. Pachauri, too, is not an uninterested party in promoting the schemes for creating great wealth from irrational and destructive carbon fears. In the process of pushing his very personal interests in creating profits from the U.N.-promoted carbon fears, Pachauri, a railroad engineer from India, stands to make hundreds of millions of dollars for himself.

U.N. climate chief turns carbon to green

In lucrative carbon trade ‘all roads lead to Pachauri’

Nobel Peace Prize winners Al Gore and Rajendra Pachauri on the balcony of Grand Hotel, Oslo, Norway, Dec. 10, 2007

NEW YORK – Further examination of U.N. climate chief Rajendra K. Pachauri’s resume shows more extensive international business relationships through which he stands to profit from global warming activism.

WND reported last week A Mumbai-based Indian multinational conglomerate with business ties to Pachauri, the chairman since 2002 of the U.N. Intergovernmental Panel on Climate Change, or IPCC, stands to make several hundred million dollars in European Union carbon credits simply by closing a steel production facility in Britain with the loss of 1,700 jobs..

Now, the head of the Asian Development Bank, Haruhiko Kuroda, is warning governments that failure to reach a deal at the U.N. Climate Summit in Copenhagen could lead to a collapse of the carbon market. He says rich countries, therefore, should commit up to $100 billion to finance a climate deal that would benefit the developing world.

Pachauri chairs the Asian Development Bank Advisory Group on Climate Change….

(Full Story)

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