Just as Norwegian delegates to the UN's conference on climate change started heading home from Bali, came news that Norway's own carbon emissions rose 80 percent from 1990 to 2004. Statoil's refinery at Mongstad is the biggest contributor.
So how exactly do they plan to fix this problem? Well, they don't. Instead they are invoking the Ultimate Scam, and using carbon credits.
Erik Solheim, the government minister in charge of environmental issues who was in Bali last week, admits that Norway's own high level of emissions is "embarrassing." That's why the government plans to donate NOK 15 billion (nearly USD 3 billion) over the next five years to help preserve the world's rain forests. That's viewed as an efficient way of offsetting carbon emissions.
I hate to be a scrooge so close to the holidays, but only the worst of dimwits view carbon credits as an efficient way of offsetting emissions. Let's not forget that Guyana slammed Kyoto's carbon credit scheme, and Kyoto's carbon credit program has also been causing deforestation.
Basically, Kyoto along with all of the signatory nations are FUBAR. Meanwhile, the US continues to grow its economy, reduce its emissions, and all without sacrificing any freedoms to a foreign body while throwing away billions of dollars. God bless capitalism!