Carbon Trading, one of the ways used to reduce green house gas emission world-wide, has been Shanghaied by China and several other countries.

According to a Reuters story, inequities built into the Kyoto Protocol have allowed factories in China, India, Mexico, Argentina, and South Korea, to collect more money via carbon rules through fluorocarbon manufacturing than the value of the fluorocarbons themselves.

This in spite of the fact that there is no assurance the manufactured fluorocarbons won't find their way back into the atmosphere. It seems the carbon equivalent of money laundering.

Meanwhile, corporate investors from the west are earning windfall profits from their investments in carbon "destroying" industries in the third world, or as they refer to it in free-trade speak, the developing world.

Now we know what they're developing.
 

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