How To Piss Away $100 Billion That We Don’t Have In The Name Of Global Warming

December 17th, 2009 (5) Posted By Erik Wong.

hilary_clinton_waving

NY Daily News:

The planet may be saved after all, and it will only cost $100 billion.

Just as the Copenhagen climate summit appeared to be on the verge of unraveling, the United States Thursday announced its support of an annual $100 billion climate protection fund, the Associated Press reports.

“The US is prepared to work with other countries toward a goal of jointly mobilizing $100 billion a year by 2020 to address the climate change needs of developing countries,” Secretary of State Hillary Clinton said.

Included in the conditions for the US’ contribution, Clinton demanded that China’s emissions reductions be scrutinized independently and that 193 countries sign a climate deal tomorrow. This would keep the US and other rich nations on top of developing countries who want them to increase emission cuts, the AP reports.

Clinton revealed that the U.S. would not be decreasing emissions by 2020 beyond the 4 percent it committed to in 1990.

While she would not disclose how much the U.S. would be contribution to the climate fund, Clinton said there would be a fair amount contributed to the pot that would be made available in 2020. The finances will reportedly be raised partially by taxing aviation and shipping, as proposed by the European Union.

The protection of rainforests will be made a U.S. priority as the White House allegedly believes this cause will get more financial support from the public, Clinton said.

Emerging economies such as China, India, Brazil and South America must agree to be open to internal verification of international carbon limits under the plan.

“If there is not even a commitment to some sort of transparency, then that’s kind of a deal-breaker for us,” Clinton told a press conference.

China, the world’s most polluted country, and India have reportedly been blocking the progress of negotiations in Copenhagen.

The United States’ intervention is the first movement in the highly publicized conference whose talks appear to have stalled.

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  • GRIZZ

    Doesnt the international community know she is a liar?

  • The Sentinel at the Gate

    Transparency – I just love the way the Liberals freely toss that term around. Transparency; just another word for “We’re gonna keep this from the American people because they are too simple-minded to understand what we’re doing”. We know very well what you’re doing – you’re breaking the American bank and all the while you are giving our money to tin horn dictators in Africa who themselves are little “Marxists in Training”.

    So go ahead Hi-Larry – send taxpayer money to African dictators and despots. You already set a very high mark when you send $900B to Hamas this year. I would imagine our soldiers and soon, our citizens will experience first-hand the generosity you showed Hamas. We are so very grateful to have you folks leading our country and taking entitlement programs to nations who ordinarily would not experience them.

    It’s a bummer when you and Bill couldn’t break the country on your own, but it seems you may be close to it with this Kenyan half breed in the White House. So go ahead and sign all the GW treaties you want and promise all the money you can to these loser countries. Your judgement is coming – but somehow I don’t think you’re gonna like it.

  • Steady Eddie

    Why is it I get sick to my stomach every time I see a picture of this moron??

  • bman

    Relax, there is no way this treaty will pass the Senate. Of course they could have the EPA just send in the check.

  • Mark

    Copenhagen has been a tremendous success for revealing the true nature of the global warming alliance. This is simply an attack on capitalism by the developed world and a shakedown by the third world. I hope bman is right.