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Schwarzenegger's Global Warming Summit Opens



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- New LeBeau59741 See Profile I'm a Fan of LeBeau59741 permalink

Where did the funding come from for this?
My understanding is that California is very much "in the red", so I have to wonder how the money can be available for a summit of this size, in a venue that, to put it mildly, is not on the low end of the price scale.

If it happens that Schwarzenegger is footing the bill out of his own fund, lovely, fabulous, good for him
If, as I expect is the case, the citizens of California are funding even one bottle of Chardonnay, he has some explaining to do

    Reply    Favorite    Flag as abusive Posted 09:46 PM on 11/18/2008
- typingisnotactivism See Profile I'm a Fan of typingisnotactivism permalink

Obama's going to be an excellent mover on this, no doubt - but until that $15 billion for clean energy is tagged specifically for renewables and sustainables - rather than heavily funded nuclear and 'clean' coal, there's a good chance that solar, wind, geothermal, third generation biofuels and tidal will see less than a third of it.
And why - WHY - when global warming is the biggest crisis facing the planet, with deforestation globally costing up to $US2.5 trillion ANNUALLY in lost environmental services, WHY are we only talkin $15B p.a. That's less than AIG executives spend on happy endings.

    Reply    Favorite    Flag as abusive Posted 06:35 PM on 11/18/2008
- Javani See Profile I'm a Fan of Javani permalink

Because "clean energy" is not congruent to climate change interests. Clean energy is a good goal all around, but has been coopted into the climate change agenda. The purpose of these people meeting is not to make electric cars, but to enable international carbon credit trading systems. Cap and trade is the focus. A whole variety of interests think they can game the system to their advantage. Google "carbon derivatives". At least with Fannie Mae pieces of land, not hot air, backs their toxic paper.

BTW, the "coal companies" like cap and trade only if they can lobby for allotments higher than they pollute. Also, because pollution laws are already strict, to build new plants they will have to sequester their smoke, SO2, mercury. Sequestration is too expensive unless they get carbon credits for doing what they are already obligated to do.

    Reply    Favorite    Flag as abusive Posted 07:04 PM on 11/18/2008
- New Haditup2here See Profile I'm a Fan of Haditup2here permalink

SO2 is removed through either hot-gas clean up or through wet scrubbing. It is not sequestered. The technology for SO2 removal has been in place for some time. Mercury is also removed, but it is not sequestered either. However carb