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Selling before the bottom drops out of the market, right?
To whom did they sell these…Obama, GE, Jerry Brown?
They were going for $0.05/tonne when the Chigaco Climate Exchange went under–that’s a lot of paper.
Did the lumber companies that supplied the paper get credits too?
This is exactly correct. They were sold to a complicit government. Probably the Barry administration.
At least you can use them as toilet paper.
They would not be soft enough! I would rather use a corn cob!
Just imagine how big Enron would have become had they been the ones allowed to perpetuate their invention of carbon trading. The line betweeen being crooks and being billionaires is so fine. ;*)
Being crooks is honest thievery!