10/23/12, “Cap and Trade manipulation leads to WCI Inc.,” CalWatchdog.com, Warren Duffy
“California will become the second largest carbon trading market in the world, just behind the European Union, whose Cap and Trade program began in 2005. Although there is much to be learned from the EU experiment, those in charge of California’s agenda cannot be bothered with such nonsense. After all, this is not just America, but California. Any American knows that, “As goes California, so goes the nation.”
In Brown’s budget for fiscal year 2012-13, which began on July 1, there is a line item for the upcoming auction listing income of $1 billion. Being a rather complex operation, the auction requires expert and diligent oversight to avoid anyone “gaming” the system. Not only will the state’s business community participate, but
- commodity speculators will be anxiously joining in the trading as well.
- Western Climate Initiative Inc.
James Goldstene, the CEO of CARB, is also listed as the Chairman of the Board of WCI Inc. In other words, the head of the auction oversight group is also the CEO of the organization he is overseeing. According to a document filed with the California Secretary of State’s office on December 23, 2011, WCI’s principal place of business is listed as
2 Wall Street, New York City, N.Y.
On September 25, 2012, papers were filed with the California Secretary of State listing the address of WCI as 980 Ninth Street, Suite 1600, Sacramento, Calif. However, that address is listed as
a branch office of a statewide personal injury law firm.
The person verifying the Statement of Information is listed as
Patrick Cummins,
who was recently hired as the interim executive director of WCI. Since 2000, Cummins has served as the project manager for the Western Governors Association in Denver, Colo.
Filing papers
As required, the state filing papers also included WCI’s IRS Form 990 for the year ending December 31, 2011. It was signed by CARB CEO and WCI Chairman Goldstene, showing a post office box in Sacramento as WCI’s address. The CPA who prepared the 19-page set of documents is in Lafayette, Colo. So we have a- Colorado CPA filing tax documents for a
- California oversight group that is
- incorporated in Delaware, but has a
- Wall Street business address for some documents and a
- Sacramento address for others.
- widespread forest diseases and other serious impacts.”
- 1990 levels by the year 2020.
The bill also provided for a statewide Cap and Trade program. CARB eventually entered into an agreement with WCI Inc to oversee this commodity trading program.
As “climate alarmism” grew to an international movement in the first decade of the new millennium, WCI expanded quickly and at its peak included seven western states by adding Montana and Utah to its original member states and four Canadian provinces. Mexico, several Pacific islands and California Indian Tribes were considering joining the group. But when the global economy collapsed in 2008, one by one every WCI partner dropped out of the agreement except for
- California and the Canadian province of Quebec.
- Patrick Cummins of Quebec would be its interim executive director.
Tim Lesiuk, the secretary of WCI, is also the executive director of business development and chief negotiator for the Climate Action Secretariat of British Columbia. And another director, James Mack, is the head of the British Columbia Climate Action Secretariat. The only other Californian on the WCI board of six members is Matt Rodriguez, the secretary for the California Environmental Protection Agency.
Bureaucrats
None of the resumes of the WCI board members lists any background or oversight with the kind of commodity trading the California Cap and Trade carbon auction promises to introduce.- All board members are environmental bureaucrats.
- with an adopted investment policy.”
Is that why WCI located its office on Wall Street? Is WCI planning to invest in carbon credits, and can it do that as a not-for-profit 501(c)3 organization under the IRS code? Investments of any kind would appear to stray far afield of the original goals of the Western Climate group in 2007
- to simply coordinate efforts to
- “solve effects of a hotter, drier climate including prolonged droughts, excessive heat waves, reduced snow packs.”
Can an international corporation create a complicated state environmental program
- without any input from the California Legislature?
- receiving no approval through the legislative process
- of California’s state elected officials?
No other state in America is participating with California in this Cap and Trade scheme. No one in California will escape the heavy costs
- this catastrophic scam will bring our state.”
11/23/11, “Europe’s $287 billion carbon ‘waste’: UBS report,“ The Australian, by Sid Maher
“SWISS banking giant UBS says the European Union’s emissions trading scheme has cost the continent’s consumers $287 billion for “almost zero impact” on cutting carbon emissions.“…EU CO2 trading provided “windfall profits” to participants paid for by “electricity customers.”“
.
No comments:
Post a Comment