Filed under: Economy, Energy, Science/Technology | Tags: Congress, Environment, Global Warming, Junk Science
A monopsony is a situation in which a product or service is only bought by one customer. Jo Nova has done a new study now available at The Science and Public Policy Institute that reveals that the U.S. Government has spent more than $79 billion of taxpayer money since 1989 on policies related to climate change, including science and technology research, administration, propaganda campaigns, foreign aid and tax breaks. Most of this spending was unnecessary and useless.
An informal movement of scientists around the world has sprung up to test the integrity of the “global warming” theory and to compete with this lavishly funded, very organized climate monopsony. Over and over, they have exposed major errors.
Worldwide, carbon trading reached $126 billion in 2008. Experts are predicting that the carbon market will reach $2-$10 trillion in the near future. The largest single commodity traded on global exchanges will be hot air.
Exxon-Mobil is continually attacked for funding climate skeptics for $23 million — less than one thousandth of what the U.S. Government spends on climate activists and alarmists.
This huge expenditure is designed to prove the non-existent connection between carbon dioxide and climate. Government bodies, big business rent-seekers and environmental NGOs recruit, control and reward their own scientists who use climate modeling to justify power, control, wealth and population reduction. Robert Ferguson, SPPIs president asks:
Are politicians paying out billions of our dollars for evidence-driven policy-making, or policy-driven evidence-making? The truth is more crucial than ever, because American lives, property and constitutional liberties are at risk.
If the Waxman-Markey climate bill passes, billions more will be expended to pay for environmentalists useless fantasies.
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