[ From Mother Jones ]
Could Cap and Trade Cause Another Market Meltdown?
By Rachel Morris | Mon June 8, 2009 4:00 AM PST

You've heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.

One Leap Backwards for Biodiversity, One Giant Step Forward for Industry
Biodiversity loses at UN convention on biodiversity

By Anne Petermann and Orin Langelle; photos by Langelle

[Note: IPOs stand for Indigenous Peoples Organizations]

The UN Convention on Biological Diversity (CBD) emerged, along with its cousin
the UN Framework Convention on Climate Change (FCCC), out of the Rio Earth
Summit in 1992. Its mission is ostensibly to recommend solutions to the
escalating biodiversity crisis, which is manifesting in the extinctions of
hundreds of species every day and which threatens the existence of entire races
of people.

The CBD was thought to be one of the more approachable UN bodies-where

Date: 5-May-2008
Australian taxpayers will give BHP Billiton an estimated $117 million in diesel fuel subsidies during the four-year
expansion of the company’s Olympic Dam mine, according to figures
released today by the Australian Conservation Foundation.

“The Fuel Tax Credits scheme, which cost taxpayers $4.9 billion in the 2006-07 financial year, will allow BHP
Billiton to claim an average of $29 million a year in diesel rebates
for the four years of construction at Olympic Dam,” said ACF Executive
Director Don Henry.

Did you know, the food system is responsible for 1/3 of global greenhouse emissions?

With every meal you eat, you have the power to reduce climate change.

The
Bon Appétit Management Company Low Carbon Diet Calculator is designed
to allow you to compare the relative carbon impacts of your food
choices.

http://www.thisisplymouth.co.uk/displayNode.jsp?nodeId=181429&command=displayContent&sourceNode=229968&home=yes&more_nodeId1=133174&contentPK=20293177

Spanish Company to Build
World's Biggest Solar Plant in Arizona. By
Inmaculada G. Mardones, El Pais (Spain),

Fossil Fools Day, April 1st: International Day of Action Against the
Fossil Fuel Empire
The International Rising Tide network and its allies are calling for a
day of action against the fossil fuel industry on April 1st 2008…FOSSIL
FOOLS DAY!
Confronted with melting ice caps, unprecedented species extinction,
droughts, and extreme weather the fools at the head of the fossil fuel
empire continue to plunder the earth, with the governments as willing
court jesters at their side.
Been feeling like maybe your climate activism isn’t really reaching the

Kyoto's Bali Successor May Be Little More Than a Carbon and
Rainforest Market
Paying nations to be green diverts attention from necessary
resolute actions based upon what is right and sufficient to
minimize climate change
Earth Meanders, http://earthmeanders.blogspot.com/
By Dr. Glen Barry
November 12th, 2007
I have been an obstinate supporter of the Kyoto process; whose
weaknesses, including non-universal participation and

Hobart, Monday 3 December 2007 Australian Greens climate change
spokesperson, Senator Christine Milne, welcomed Prime Minister Rudd's
swift action to ratify the Kyoto Protocol today.
Senator Milne said "Today is a historic day, many years overdue.
"Australia's ratification of the Kyoto Protocol is a welcome return to
the multi-lateral approach of negotiating through the UN.
"Prime Minister Rudd realises that he has now legally bound Australia to
meeting our targets, so real and swift action is now needed to turn
around our sky-rocketing emissions.

Protesters invade the Aviation Emissions Trading Summit 2007.