Colombian government warned a year ago against “Oxygen buyers”

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A couple of months ago, Kevin Conrad commented that “because Papua New Guinea was advocating a regime shift in forests, we had every carbon cowboy in the world descend upon Papua New Guinea.” Unfortunately, it seems that PNG is not the only country in the world that is facing an influx of “carbon cowboys”. More than a year ago, the Ministry of the Environment, Housing and Territorial Development in Colombia issued a warning about “Oxygen buyers” (in English and Spanish, below). Even more unfortunately, the notice seems to have little effect.

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reddisms:

“Instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion-dollar market that barely even exists yet, but will if the Democratic Party that [Goldman Sachs] gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an ‘environmental plan,’ called cap-and-trade.” — Matt Taibbi, Rolling Stone, July 2009

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