Apathy Curve: Dot.Carbon

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Monday, June 04, 2007

Dot.Carbon

Banks are jostling for a piece of what may be the world's fastest growing market, trading carbon emissions permits: Citigroup has just waded in, Bank of America is set to and Deutsche has doubled its team.

Societe Generale, Fortis Bank and Morgan Stanley have all added to their carbon trading desks this year.

Having recovered from the anal reaming they received during the dot-com debacle, the get-rich-quick schemers are coming back for more. Some people are just so greedy, they'll buy the same old re-labeled bottle over and over again...

UPDATE: An article in American Thinker detailing how Al Gore helped create the "carbon credit" program in order to further line his pockets. (Hat-tip to Fundy)

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